PBF Energy Inc. Class A Common Stock (PBF)

FairStock Score: 53/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach PBF as a cyclical commodity refiner, not a franchise. Its refineries turn crude into gasoline, diesel and jet fuel, and results are set by crack spreads, turnaround timing and crude differentials. It has no durable pricing power that I can identify. The record is violently cyclical: in fiscal 2023 it earned $2.1 billion of net income, or $16.52 per diluted share; in fiscal 2024 it lost $533.8 million, or $4.60 per share; and in fiscal 2025 it lost $158.5 million, or $1.39 per share. Then in fiscal Q2 2026, the quarter ended 2026-06-30, it reported revenue of $11.7 billion, net income of $906.4 million and diluted EPS of $7.54. Fiscal Q1 2026 had net income of $198.3 million. So the latest numbers are a sharp rebound, but one quarter does not make a trend. Financial health is decent for the industry. Debt-to-equity is 0.38, trailing free cash flow is $742.8 million, and the FCF yield is 6.7%, while the Piotroski F-Score is 8/9. Yet return on capital employed is only 3.10%, despite 23.23% ROE, and Altman Z-Score is 2.34, a middling reading. At the 2026-10-13 close of $91.17, FairStock calculates P/E 7.99, P/B 1.69, EV/EBITDA 4.77 and PEG 0.01. That looks cheap against the latest earnings, and the Graham Number of $117.81 implies a 22.61% margin of safety. But I must ask whether $7.54 quarterly EPS is normalized or peak. For a no-moat refiner, I would want a wider discount and evidence that inventories and margins are sustainable.

In plain English: PBF Energy runs oil refineries and sells products such as gasoline, diesel, and jet fuel. Its profits are very up and down: it lost money in fiscal 2025 and fiscal 2024, but it earned a large profit in fiscal Q2 2026. At the recent price of $91.17, the stock looks inexpensive compared with its recent profits and accounting value, though refining profits may not stay this strong.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer