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STOCK COMPARISON

PBR vs Phillips 66: Fair Value & Quality

Both stocks run through our valuation models. Here is how PBR (PBR) and Phillips 66 (PSX) compare, as of Sep 10, 2026.

As of Sep 10, 2026, Fair Value Calculator sees PBR as the more attractively valued of the two: PBR trades at $20.93 versus a fair value of $28.67 (+37%), while Phillips 66 trades at $261 versus $99.41 (-62%).
PBR
PBR · USD · Energy
+37%
upside to fair value
undervalued
Price$20.93
Fair Value$28.67
Quality65/100
Phillips 66
PSX · USD · Energy
-62%
upside to fair value
overvalued
Price$261
Fair Value$99.41
Quality61/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

PBRPhillips 66
Valuation
5.5×P/E (TTM)19.9×
P/S (TTM)0.59×
P/B2.70×
EV/EBITDA13.7×
4.33×PEG1.17×
+37.0%Fair value upside−61.9%
14.9%Dividend yield1.9%
$2.99Dividend per share$4.87
Profitability
32%Operating margin1%
1.05×EBIT margin trend (5Y)
26%Return on equity15%
8%Return on assets4%
Growth
0%Revenue growth (YoY)7%
-10.0%Avg. growth/yr (3Y)-8.1%
11.1%Avg. growth/yr (5Y)15.7%
+29.8%Value creation/yr+15.2%
Balance & size
201.2×Interest coverage (EBIT/interest)3.4×
0.32×Debt / equity0.64×
$112BMarket cap$79B
weakGrowth qualityweak

PBR leads: 8 to 3 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

PBRof which business quality 61 · market factors 83 Phillips 66of which business quality 58 · market factors 93
ProfitabilityMargins and returns on capital today
60
49
Quality GrowthAre margins and returns improving?
48
46
CashflowEarnings quality: real cash, not paper profit
71
31
Fin. StrengthBalance sheet, leverage, solvency risk
50
50
InvestmentDisciplined investing over empire-building
52
100
Low VolatilityCalm price path (market factor)
80
76
MomentumPrice trend over the last 3–12 months (market factor)
77
100
52W MomentumDistance to the 52-week high (market factor)
95
100
Net IssuanceBuybacks instead of dilution
84
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyPBRPrice $20.93Phillips 66Price $261
DCF Models+56%above the price$32.73-78%below the price$57.02
Earnings-Based+59%above the price$33.30-72%below the price$72.82
Dividend Discount-26%below the price$15.51n/a
Multiples+36%above the price$28.49-61%below the price$100
Asset-Based-62%below the price$7.89-81%below the price$48.62
Growth DCF+28%above the price$26.89-78%below the price$56.79
Economic Profit+37%above the price$28.74-76%below the price$62.40
Growth Earnings+61%above the price$33.66-55%below the price$119
Minimum-62%below the price$7.89-81%below the price$48.62
Maximum+61%above the price$33.66-55%below the price$119
Median+37%above the price$28.61-76%below the price$62.40
Geometric mean+13%close to the price$23.68-73%below the price$70.34

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

PBR: 7 of 24 models see the stock below the current price.

Phillips 66: 22 of 22 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

PBR
Bear $19.82Fair Value $28.67Bull $38.31
$20.93 = current price (white tick)
Phillips 66
Bear $75.88Fair Value $99.41Bull $150
$261 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

PBR · Energy

Quality score65 · Top 25%
Fair value upside+37% · Top 25%

Phillips 66 · Energy

Quality score61 · Top 25%
Fair value upside-62% · bottom 25%

Bottom line

As of Sep 10, 2026, Fair Value Calculator sees PBR as the more attractively valued of the two: PBR trades at $20.93 versus a fair value of $28.67 (+37%), while Phillips 66 trades at $261 versus $99.41 (-62%).

PBR has the higher quality score (65/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.