PBF Energy (PBF)
Market Price (12/28/2025): $26.15 | Market Cap: $3.0 BilSector: Energy | Industry: Oil & Gas Refining & Marketing
PBF Energy (PBF)
Market Price (12/28/2025): $26.15Market Cap: $3.0 BilSector: EnergyIndustry: Oil & Gas Refining & Marketing
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldDividend Yield is 4.2% | Weak multi-year price returns2Y Excs Rtn is -84%, 3Y Excs Rtn is -107% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.4 Bil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -4.5% |
| Megatrend and thematic driversMegatrends include US Energy Independence, and Energy Transition & Decarbonization. Themes include Domestic Refined Products Supply, Renewable Fuel Production, Show more. | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 88% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -19%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.1%, Rev Chg QQuarterly Revenue Change % is -14% | ||
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.4% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -33% | ||
| Key risksPBF key risks include [1] substantial financial and operational setbacks from disruptions at its relatively few refineries and [2] significant financial exposure to the volatile price of Renewable Identification Numbers (RINs) and stringent regional regulations. |
| Attractive yieldDividend Yield is 4.2% |
| Megatrend and thematic driversMegatrends include US Energy Independence, and Energy Transition & Decarbonization. Themes include Domestic Refined Products Supply, Renewable Fuel Production, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -84%, 3Y Excs Rtn is -107% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.4 Bil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -4.5% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 88% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -19%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.1%, Rev Chg QQuarterly Revenue Change % is -14% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.4% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -33% |
| Key risksPBF key risks include [1] substantial financial and operational setbacks from disruptions at its relatively few refineries and [2] significant financial exposure to the volatile price of Renewable Identification Numbers (RINs) and stringent regional regulations. |
Why The Stock Moved
Qualitative Assessment
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<br><br>
<b>1. Wolfe Research downgraded PBF Energy from "Hold" to "Sell" on December 8, 2025, setting a new price target of $23.00, which implied a potential downside of over 27% within 12 months.</b><br><br>
<b>2. The stock experienced a significant short-term decline, falling by 16.47% in the 10 days leading up to December 24, 2025.</b><br><br>
<b>3. PBF Energy reported a coker fire at its Torrance, California refinery on December 16, 2025, which could have raised concerns about operational disruptions and costs.</b><br><br>
<b>4. The overall analyst consensus for PBF Energy during this period leaned towards "Hold" or "Sell," with a consensus rating of "Reduce" from 16 Wall Street analysts as of December 26, 2025.</b><br><br>
<b>5. Despite outperforming estimates in Q3 2025, analysts projected a negative earnings per share (EPS) for PBF Energy for the full fiscal year 2025, indicating broader profitability challenges.</b>
Show moreStock Movement Drivers
Fundamental Drivers
The -19.2% change in PBF stock from 9/27/2025 to 12/27/2025 was primarily driven by a -19.2% change in the company's P/S Multiple.| 9272025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 32.38 | 26.15 | -19.24% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 30275.30 | 30275.30 | 0.00% |
| P/S Multiple | 0.12 | 0.10 | -19.24% |
| Shares Outstanding (Mil) | 113.85 | 113.85 | 0.00% |
| Cumulative Contribution | -19.24% |
Market Drivers
9/27/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| PBF | -19.2% | |
| Market (SPY) | 4.3% | 29.6% |
| Sector (XLE) | -3.9% | 62.8% |
Fundamental Drivers
The 22.1% change in PBF stock from 6/28/2025 to 12/27/2025 was primarily driven by a 27.3% change in the company's P/S Multiple.| 6282025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 21.42 | 26.15 | 22.08% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 31536.10 | 30275.30 | -4.00% |
| P/S Multiple | 0.08 | 0.10 | 27.27% |
| Shares Outstanding (Mil) | 113.75 | 113.85 | -0.09% |
| Cumulative Contribution | 22.08% |
Market Drivers
6/28/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| PBF | 22.1% | |
| Market (SPY) | 12.6% | 22.9% |
| Sector (XLE) | 4.5% | 56.6% |
Fundamental Drivers
The 7.6% change in PBF stock from 12/27/2024 to 12/27/2025 was primarily driven by a 22.7% change in the company's P/S Multiple.| 12272024 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 24.30 | 26.15 | 7.60% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 34902.70 | 30275.30 | -13.26% |
| P/S Multiple | 0.08 | 0.10 | 22.71% |
| Shares Outstanding (Mil) | 115.08 | 113.85 | 1.07% |
| Cumulative Contribution | 7.58% |
Market Drivers
12/27/2024 to 12/27/2025| Return | Correlation | |
|---|---|---|
| PBF | 7.6% | |
| Market (SPY) | 17.0% | 38.0% |
| Sector (XLE) | 7.1% | 63.4% |
Fundamental Drivers
The -27.8% change in PBF stock from 12/28/2022 to 12/27/2025 was primarily driven by a -31.5% change in the company's Total Revenues ($ Mil).| 12282022 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 36.22 | 26.15 | -27.80% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 44228.00 | 30275.30 | -31.55% |
| P/S Multiple | 0.10 | 0.10 | -1.67% |
| Shares Outstanding (Mil) | 122.11 | 113.85 | 6.77% |
| Cumulative Contribution | -28.13% |
Market Drivers
12/28/2023 to 12/27/2025| Return | Correlation | |
|---|---|---|
| PBF | -36.6% | |
| Market (SPY) | 48.0% | 34.2% |
| Sector (XLE) | 11.4% | 61.9% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PBF Return | -77% | 83% | 217% | 10% | -38% | 4% | -6% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| PBF Win Rate | 17% | 67% | 83% | 50% | 25% | 67% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| PBF Max Drawdown | -86% | -7% | 0% | -23% | -41% | -45% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See PBF Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | PBF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -59.6% | -25.4% |
| % Gain to Breakeven | 147.3% | 34.1% |
| Time to Breakeven | 172 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -87.3% | -33.9% |
| % Gain to Breakeven | 685.9% | 51.3% |
| Time to Breakeven | 581 days | 148 days |
| 2018 Correction | ||
| % Loss | -59.7% | -19.8% |
| % Gain to Breakeven | 148.1% | 24.7% |
| Time to Breakeven | 1,485 days | 120 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
PBF Energy's stock fell -59.6% during the 2022 Inflation Shock from a high on 3/12/2021. A -59.6% loss requires a 147.3% gain to breakeven.
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AI Analysis | Feedback
Here are 1-3 brief analogies for PBF Energy (PBF):
- PBF Energy is like Alcoa (AA) for oil, a major industrial processor that takes a raw commodity (crude oil) and transforms it into essential refined products like gasoline, diesel, and jet fuel.
- PBF Energy is essentially ExxonMobil's (XOM) refining business, spun out as a standalone company, focused solely on processing crude oil into a wide range of petroleum products.
- PBF Energy is like the manufacturing and wholesale arm of an oil major like Chevron (CVX), specializing in transforming crude oil into fuels and lubricants for various industries, without the upstream drilling or retail gas stations.
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- Gasoline: Primary transportation fuel used in spark-ignition internal combustion engines.
- Diesel Fuel: Fuel mainly used in diesel engines for transportation, industrial, and power generation.
- Jet Fuel: Kerosene-type fuel specifically designed for powering turbine aircraft.
- Heating Oil: Fuel oil primarily used in furnaces and boilers for heating residential and commercial buildings.
- Asphalt: A sticky, black, viscous petroleum product predominantly used for road paving and roofing.
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```htmlPBF Energy (symbol: PBF) primarily sells its refined petroleum products to other companies rather than directly to individuals.
According to PBF Energy's financial disclosures, no single customer accounted for 10% or more of its consolidated revenues during recent fiscal years. Therefore, specific names of major customer companies are not publicly disclosed.
However, PBF Energy serves a broad range of wholesale customers within the energy and transportation sectors. These customers can be broadly categorized as:
- Wholesale Marketers and Distributors: These companies purchase refined products (such as gasoline, diesel, and jet fuel) in bulk from PBF Energy and then distribute and sell them under their own brands or to smaller end-users, including gas stations, commercial fleets, and industrial customers.
- Other Refiners: PBF Energy engages in product exchanges and sales with other refiners to optimize supply chains, balance regional demand, and manage inventory levels across their respective refinery systems.
- Large Industrial and Commercial End-Users: This category includes large-scale consumers of petroleum products such as airlines (for jet fuel), shipping companies, large trucking fleets, agricultural businesses, and industrial plants that require significant volumes of fuel oil, feedstocks, or other specialized products for their operations.
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Matthew C. Lucey, President and Chief Executive Officer
Mr. Lucey assumed the role of President and Chief Executive Officer of PBF Energy in July 2023, having previously served as President since 2015. He held positions as Executive Vice President, Senior Vice President, and Chief Financial Officer from April 2010 to April 2014, and joined PBF as Vice President, Finance in April 2008. Before his tenure at PBF, Mr. Lucey was a Managing Director of M.E. Zukerman & Co., a New York-based private equity firm specializing in the energy sector, from 2001 to 2008, indicating a pattern of managing companies backed by private equity firms. He also spent six years in the banking industry prior to M.E. Zukerman & Co..
Joseph Marino, Senior Vice President and Chief Financial Officer
Mr. Marino was appointed Chief Financial Officer of PBF Energy, effective October 1, 2025. He joined the company in 2011 and served as Treasurer from 2020 to 2025. During his time at PBF, he held various finance and accounting roles, including Director of Financial Reporting during the company's initial public offering and Assistant Controller from 2015 to 2020. Prior to joining PBF, Mr. Marino was employed at Ernst & Young LLP, where he represented large public and private corporations in the oil and gas industry.
Thomas J. Nimbley, Executive Chairman
Mr. Nimbley has served as Executive Chairman of PBF Energy from July 2023, with his term concluding in June 2025. He previously served as the Chief Executive Officer from June 2010 to June 2023, leading the private predecessor company and then the public company after its IPO in 2012. Mr. Nimbley founded PBF Energy in 2008. Before PBF, he was a Principal for Nimbley Consultants LLC from 2005 to 2010, where he provided consulting services and assisted on the acquisition of two refineries. He also held senior leadership positions, including Senior Vice President and Head of Refining for Phillips Petroleum Company and ConocoPhillips. His career began at Exxon in 1973, where he spent twenty years, and he also worked for Tosco Corporation.
Trecia Canty, Senior Vice President, General Counsel
Ms. Canty serves as Senior Vice President, General Counsel, and Secretary for PBF Energy. She joined PBF in 2012, initially as Vice President, Senior Deputy General Counsel. Her responsibilities include overseeing the Legal Department and Contracts Administration. Ms. Canty began her legal career at Cleary Gottlieb in Manhattan after earning her law degree from Columbia University.
Jim Fedena, Senior Vice President, Logistics, Renewable Fuels, and Strategic Assets
Mr. Fedena joined PBF Energy in June 2010. He has held various roles within the company, including Senior Vice President and Head of Logistics for PBF Logistics, a master limited partnership. With over 30 years of experience in the oil industry, specializing in refining, pipelines, and terminal operations, Mr. Fedena has a comprehensive background in the sector. Prior to joining PBF, he served as a managing partner for PJF Associates, where he provided consulting services for private equity firms on refining acquisitions in North America and Europe, demonstrating a pattern of involvement with private equity-backed companies.
AI Analysis | Feedback
The key risks to PBF Energy's business include volatility in market and commodity prices, operational hazards and disruptions, and environmental and regulatory challenges.
- Market and Commodity Price Volatility: PBF Energy's profitability is highly sensitive to fluctuations in crude oil prices, refined product prices, and crack spreads (the difference between the price of crude oil and the products refined from it). Global macroeconomic conditions and the demand for petroleum products significantly impact refining margins, making the company vulnerable to market shifts and commodity price volatility.
- Operational Hazards and Disruptions: The refining industry inherently faces risks such as fires, explosions, and equipment failures. Disruptions at any of PBF Energy's relatively few refineries can lead to substantial operational and financial setbacks, as exemplified by the recent fire at its Martinez refinery, which impacted its financial health and operational recovery.
- Environmental and Regulatory Risks: PBF Energy operates under stringent environmental regulations, particularly concerning greenhouse gas emissions and renewable fuel standards. The obligation to purchase Renewable Identification Numbers (RINs) and manage risks from their volatile prices, along with other environmental compliance costs, poses a significant financial risk. Regulatory changes, especially in regions like California, can also lead to increased operational constraints and costs.
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The accelerated adoption of electric vehicles (EVs) represents a clear emerging threat to PBF Energy's core business model. As EV market penetration increases globally, the demand for gasoline, a primary product of petroleum refining, is expected to decline significantly over the coming decades. This trend, driven by technological advancements, evolving consumer preferences, and government policies favoring decarbonization, directly challenges the long-term viability and profitability of traditional fossil fuel refining operations.
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PBF Energy (PBF) primarily operates in petroleum refining and logistics, producing and selling a range of petroleum products. Their main products include transportation fuels such as gasoline, ultra-low-sulfur diesel (ULSD), jet fuel, and heating oil, as well as other petroleum products like lubricants, petrochemical feedstocks, and asphalt.
Addressable Market Sizes for PBF Energy's Main Products:
-
Petroleum Refining Market (U.S.): The U.S. petroleum refining market size was valued at approximately USD 793.3 billion in 2024 and is projected to reach USD 1,168.3 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period of 2025–2032. Another estimate places the U.S. Petroleum Refining industry revenue at an estimated USD 798.3 billion in 2025.
-
Gasoline (U.S.): The market size for Gasoline & Petroleum Wholesaling in the U.S. was USD 664.1 billion in 2024 and is expected to be USD 664.7 billion in 2025. The U.S. gasoline market size is forecasted to decrease by 258 million liters, with a CAGR of -4.18% between 2022 and 2027. Globally, the gasoline as a fuel market size is estimated at USD 1.87 trillion in 2025, and is expected to reach USD 1.97 trillion by 2030, at a CAGR of 1.06%.
-
Diesel Fuel (U.S.): The U.S. Diesel Fuel market size is estimated to reach USD 60 billion by 2031, growing at a CAGR of 2.5% during the forecast period 2025-2031. The global diesel fuel market size was estimated at USD 241.41 billion in 2024 and is projected to reach USD 306.02 billion by 2030, growing at a CAGR of 4.1% from 2025 to 2030.
-
Jet Fuel (Global & U.S. Demand): The global jet fuel market size was valued at USD 286.94 billion in 2024 and is projected to grow to USD 408.05 billion by 2032, with a CAGR of 4.5% during the forecast period 2025-2032. North America is the largest regional jet fuel market, with U.S. jet fuel demand estimated to be around 22 million barrels per day in 2024.
-
Lubricants (U.S.): The U.S. lubricants market size was valued at USD 41.71 billion in 2024 and is anticipated to grow at a CAGR of 2.4% from 2025 to 2033.
-
Asphalt (U.S.): The U.S. asphalt market size was USD 32.6 million in 2024, and is expected to reach USD 52.9 million by 2032, growing at a CAGR of 6.3% during the forecast period 2025–2032. Another source projects the U.S. asphalt market to reach USD 70.72 million by 2027.
AI Analysis | Feedback
PBF Energy (PBF) is expected to drive future revenue growth over the next 2-3 years through a combination of operational improvements, strategic expansion in renewable fuels, and favorable market dynamics. Here are 3-5 expected drivers:- Full Restart and Enhanced Operations at Martinez Refinery: The full restart of the Martinez refinery, following a fire, is a significant operational driver for PBF Energy. The company anticipates the refinery to be fully operational by year-end 2025, which will restore and enhance its production capacity. Upgrades at this refinery are also aimed at opening new revenue streams.
- Expansion of Renewable Diesel Production: PBF Energy is actively expanding its renewable diesel production through its St. Bernard Renewables (SBR) joint venture. The company aims to ramp up renewable diesel output to between 16,000 and 18,000 barrels per day, capitalizing on policy incentives and growing demand for low-carbon fuels.
- Refining Business Improvement (RBI) Initiative: The company's RBI initiative, while focused on cost savings, is also designed to "extract incremental value across our business through improved reliability and efficiency." These operational improvements are projected to generate over $350 million in annualized run-rate savings by year-end 2026, which can indirectly boost revenue by improving margins and potentially enabling increased throughput.
- Favorable Global Refining Market Conditions: PBF Energy anticipates a constructive refining environment characterized by structurally tight global refining markets, with capacity rationalization and demand growth expected to exceed new refinery additions. This tightening supply backdrop, coupled with strong global demand for products like diesel and widening light-heavy crude spreads, is expected to support strong utilization, pricing power, and higher revenues for efficient U.S. refiners.
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Share Repurchases
- PBF Energy authorized a $500 million share repurchase program in December 2022.
- In February 2024, the board increased the existing share repurchase authorization by $750 million, resulting in over $1 billion in total outstanding authorization.
- The company repurchased approximately $156.4 million in 2022, $532.5 million in 2023, and $329.1 million in 2024.
Outbound Investments
- PBF Energy completed the acquisition of the Martinez refinery and related logistics assets from Shell on February 1, 2020, for $960.0 million plus working capital.
- In December 2022, PBF Energy completed the acquisition of PBF Logistics L.P., merging all common units not already owned by PBF Energy.
- PBF is a 50% partner in the St. Bernard Renewables (SBR) joint venture, focused on producing sustainable aviation fuel and renewable diesel, with its first facility slated for completion by 2026.
Capital Expenditures
- PBF Energy anticipates full-year capital expenditures for 2025 to be between $750 million and $775 million, excluding costs for restoring the Martinez Refinery.
- The capital expenditures are primarily focused on projects and turnarounds, strategic procurement, and optimizing its six-refinery system to improve reliability and efficiency.
- Historical capital expenditures include $1,011 million in 2022, $1,174 million in 2023, and $1,008 million in 2024. Year-to-date rebuild capital expenses at the Martinez Refinery reached approximately $260 million by the end of Q3 2025, which are expected to be covered by insurance.
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| 12312021 | PBF | PBF Energy | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 136.4% | 217.2% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for PBF Energy
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 52.16 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.2% |
| Rev Chg 3Y Avg | 2.2% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 12.1% |
| Op Mgn 3Y Avg | 11.9% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 14.6% |
| CFO/Rev 3Y Avg | 17.1% |
| FCF/Rev LTM | 11.6% |
| FCF/Rev 3Y Avg | 12.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 158.8 |
| P/S | 2.7 |
| P/EBIT | 21.2 |
| P/E | 33.0 |
| P/CFO | 16.2 |
| Total Yield | 3.9% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 5.9% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.4% |
| 3M Rtn | 4.9% |
| 6M Rtn | 18.7% |
| 12M Rtn | 11.9% |
| 3Y Rtn | 76.2% |
| 1M Excs Rtn | -3.0% |
| 3M Excs Rtn | 0.6% |
| 6M Excs Rtn | 6.4% |
| 12M Excs Rtn | -4.6% |
| 3Y Excs Rtn | -6.2% |
Comparison Analyses
Price Behavior
| Market Price | $26.15 | |
| Market Cap ($ Bil) | 3.0 | |
| First Trading Date | 12/13/2012 | |
| Distance from 52W High | -35.0% | |
| 50 Days | 200 Days | |
| DMA Price | $32.82 | $25.11 |
| DMA Trend | up | up |
| Distance from DMA | -20.3% | 4.2% |
| 3M | 1YR | |
| Volatility | 58.9% | 64.8% |
| Downside Capture | 174.79 | 93.39 |
| Upside Capture | 36.90 | 86.04 |
| Correlation (SPY) | 27.4% | 38.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.17 | 1.44 | 0.96 | 1.04 | 1.26 | 1.07 |
| Up Beta | 2.73 | 2.20 | 2.63 | 2.96 | 1.37 | 1.22 |
| Down Beta | 5.82 | 2.19 | 2.32 | 1.40 | 1.67 | 1.20 |
| Up Capture | 17% | 143% | 57% | 109% | 80% | 55% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 11 | 23 | 35 | 73 | 130 | 372 |
| Down Capture | 13% | 60% | -81% | -80% | 90% | 101% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 9 | 19 | 28 | 53 | 119 | 378 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of PBF With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| PBF | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 8.7% | 8.6% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 64.3% | 24.4% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | 0.38 | 0.29 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 63.4% | 38.1% | 9.9% | 51.9% | 28.3% | 18.5% | |
ETFs used for asset classes: Sector ETF = XLE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of PBF With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| PBF | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 33.1% | 21.8% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 64.2% | 26.7% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.71 | 0.75 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 65.6% | 25.1% | 10.5% | 46.8% | 18.3% | 9.3% | |
ETFs used for asset classes: Sector ETF = XLE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of PBF With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| PBF | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -0.6% | 8.2% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 66.6% | 29.8% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.28 | 0.33 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 66.6% | 41.5% | -0.5% | 40.6% | 35.2% | 9.9% | |
ETFs used for asset classes: Sector ETF = XLE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/30/2025 | 1.3% | 3.5% | 2.5% |
| 7/31/2025 | -8.2% | -7.7% | 9.4% |
| 5/1/2025 | -3.0% | 6.8% | 12.2% |
| 2/13/2025 | -12.8% | -10.4% | -21.1% |
| 10/31/2024 | -1.1% | 7.0% | 10.2% |
| 8/1/2024 | -3.8% | -10.6% | -17.6% |
| 5/2/2024 | 0.8% | -3.7% | -10.8% |
| 2/15/2024 | -2.3% | -10.0% | 9.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 16 |
| # Negative | 11 | 10 | 8 |
| Median Positive | 2.2% | 6.4% | 12.5% |
| Median Negative | -3.0% | -7.3% | -13.8% |
| Max Positive | 10.0% | 23.7% | 92.9% |
| Max Negative | -12.8% | -10.6% | -44.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10302025 | 10-Q 9/30/2025 |
| 6302025 | 7312025 | 10-Q 6/30/2025 |
| 3312025 | 5012025 | 10-Q 3/31/2025 |
| 12312024 | 2132025 | 10-K 12/31/2024 |
| 9302024 | 10312024 | 10-Q 9/30/2024 |
| 6302024 | 8012024 | 10-Q 6/30/2024 |
| 3312024 | 5022024 | 10-Q 3/31/2024 |
| 12312023 | 2152024 | 10-K 12/31/2023 |
| 9302023 | 11022023 | 10-Q 9/30/2023 |
| 6302023 | 8032023 | 10-Q 6/30/2023 |
| 3312023 | 5052023 | 10-Q 3/31/2023 |
| 12312022 | 2162023 | 10-K 12/31/2022 |
| 9302022 | 10272022 | 10-Q 9/30/2022 |
| 6302022 | 7282022 | 10-Q 6/30/2022 |
| 3312022 | 4282022 | 10-Q 3/31/2022 |
| 12312021 | 2172022 | 10-K 12/31/2021 |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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