CVR Energy Inc vs Phillips 66

CVR Energy Inc (CVI) is overvalued and Phillips 66 (PSX) is overvalued.

Both trade above our estimate of their intrinsic value. CVI is the closer of the two: -21%, against -46% for PSX.

Values as of the 22 Sept 2026 close.

CVR Energy Inc (CVI)

Discounting its cash flows at 8.5% (average of 3 methods) values the shares at $42.93; the price of $52.13 is 21% above that value, and 78% of that value comes from beyond year five.

Leak Score 0/100 on 3 of 12 signals

Phillips 66 (PSX)

Discounting its cash flows at 8.4% (average of 3 methods) values the shares at $175.90; the price of $256.78 is 46% above that value, and 77% of that value comes from beyond year five.

Leak Score 60/100 on 8 of 12 signals

MetricCVIPSX
VerdictOvervaluedOvervalued
Price$52.13$256.78
Intrinsic value$42.93$175.90
Margin of safety-21%-46%
Leak Score0/100 (3/12)60/100 (8/12)
Market cap$5.2B$102.5B
Revenue growth, 5 years12.8%15.7%
Operating margin6.8%5.9%
Net margin0.8%4.6%
Return on equity13.9%24.0%
Debt to equity3.430.65
P/E75.9x14.6x
Forward P/E19.1x10.1x
P/B10.0x3.3x
Dividend yield0.7%2.0%

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