Pholus was the second centaur to be discovered. Centaurs are objects in between the asteroid and trans-Neptunian populations of the Solar System that is, beyond Jupiter's and within Neptune's orbit which behave with characteristics of both asteroids and comets. It orbits the Sun at a distance of 8.8–32.0 AU once every 92 years and 1 month. Its orbit has an eccentricity of 0.57 and an inclination of 25° with respect to the ecliptic. It is a Saturn-, Uranus- and Neptune-crosser, crossing the orbits of these giant planets at a mean-distance of 9.6, 11.9 and 30.1 AU from the Sun, respectively. Pholus has not come within one astronomical unit of a planet since 764 BC, and will not until 5290. It is believed that it originated in the Kuiper belt.
After its discovery, Pholus was quickly found to be very red in color, for which it has been occasionally nicknamed "Big Red". The color has been speculated to be due to organic compounds on its surface. It is classified as a Z class object on the Tholen taxonomic scheme. The object has been classified by astronomers as RR and RR-U type, respectively. Polarimetric observations with ESO's Very Large Telescope in 2007 and 2008, revealed noticeable negative polarization at certain phase angles, distinctly different from that of trans-Neptunian objects. Pholus appears to have a rather homogeneous surface with small amount of water frost on its darker parts. The surface composition of Pholus has been estimated from its reflectance spectrum using two spatially segregated components: dark amorphous carbon and an intimate mixture of water ice, methanol ice, olivine grains, and complex organic compounds. The carbon black component was used to match the low albedo of the object. Unlike Chiron, Pholus has shown no signs of cometary activity.
Diameter and albedo
Diameter calculations range from 99 to 190 kilometers with a corresponding albedo between 0.155 and 0.04. According to the Herschel Space Observatory with its PACS instrument, Nessus measures 99 kilometers in diameter and its surface has an albedo of 0.155, while a study from 1996 derived a diameter of 185 km. During 2003–2004, observations with the 1.8-meter Vatican Advanced Technology Telescope on Mount Graham Observatory, Arizona, determined an elongated shape,, with a mean-diameter of 190 kilometers, based on a low albedo of 0.04. Johnston's archive lists a diameter of 107 km with an albedo of 0.126, and Collaborative Asteroid Lightcurve Link assumes a standard albedo of a carbonaceous body of 0.057 and derives a diameter of 165 km based on an absolute magnitude of 7.64.
Rotation period
In March 2005, a rotational lightcurve of Pholus was obtained from photometric observations by Tegler using the VATT at Mount Graham. Lightcurve analysis gave a rotation period of 9.980 hours with a brightness amplitude of 0.60 magnitude. Alternative period determinations were also conducted by Hoffmann, Franham and Buie with concurring results of 9.977, 9.982 and 9.983 hours, respectively.