Question 1

What is Altria Group's P/B ratio?

Accepted Answer

Altria Group (MO) P/B ratio is 27.0× as of October 27, 2021. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Altria Group?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Altria Group specifically, the relevant sector benchmark is the current sector median of 3.4×.

Question 5

Is Altria Group's P/B ratio high or low?

Accepted Answer

Altria Group's P/B ratio of 27.0× is below its own 5-year average of 27.1× and above the sector median of 3.4×. That places the current reading at the 20th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Altria Group's historical P/B ratio range?

Accepted Answer

In the available daily series, Altria Group (MO) P/B ratio has ranged from a low of 3.0× in 2003 to a high of 44.6× in 2016. The 5-year average is 27.1× and the 5-year median is 27.1×.

Question 7

What was Altria Group's P/B ratio in 2020?

Accepted Answer

Altria Group (MO) P/B ratio at the end of 2020 was 26.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Altria Group's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$96.7B	-$3.5B	—	—	Dec 31, 2025
2024	$88.4B	-$2.24B	—	—	Dec 31, 2024
2023	$71.3B	-$3.54B	—	—	Dec 31, 2023
2022	$81.6B	-$3.97B	—	—	Dec 31, 2022
2021	$86.4B	-$1.61B	—	—	Dec 31, 2021
2020	$76.2B	$2.84B	26.8×	+11.9×	Dec 31, 2020
2019	$92.7B	$6.22B	14.9×	+8.7×	Dec 31, 2019
2018	$92.1B	$14.8B	6.2×	-2.6×	Dec 31, 2018
2017	$135B	$15.4B	8.8×	-1.5×	Dec 31, 2017
2016	$131B	$12.8B	10.3×	-29.2×	Dec 31, 2016
2015	$113B	$2.87B	39.5×	+7.4×	Dec 31, 2015
2014	$96.7B	$3.01B	32.1×	+13.2×	Dec 31, 2014
2013	$78.1B	$4.12B	19.0×	-1.1×	Dec 31, 2013
2012	$63.1B	$3.14B	20.1×	+3.7×	Dec 31, 2012
2011	$60.3B	$3.68B	16.4×	+6.5×	Dec 31, 2011
2010	$51.2B	$5.19B	9.9×	-0.1×	Dec 31, 2010
2009	$40.7B	$4.07B	10.0×	-1.0×	Dec 31, 2009
2008	$31B	$2.83B	11.0×	+2.4×	Dec 31, 2008
2007	$159B	$18.6B	8.6×	+4.1×	Dec 31, 2007
2006	$179B	$39.6B	4.5×	+0.2×	Dec 31, 2006
2005	$155B	$35.7B	4.3×	+0.3×	Dec 31, 2005
2004	$125B	$30.7B	4.1×	-0.3×	Dec 31, 2004
2003	$111B	$25.1B	4.4×	+0.2×	Dec 31, 2003
2002	$82B	$19.5B	4.2×	—	Dec 31, 2002


Albertsons Companies (ACI)	5.0×
Coca-Cola Europacific Partners (CCEP)	4.4×
Marzetti (MZTI)	3.6×
Lamb Weston (LW)	3.6×
Target (TGT)	3.6×
Tootsie Roll Industries (TR)	3.4×
Kenvue (KVUE)	3.1×
Brown-Forman (BF-B)	2.9×
Mondelez International (MDLZ)	2.9×
Dollar General (DG)	2.9×
Constellation Brands (STZ)	2.8×
Performance Food Group (PFGC)	2.7×
General Mills (GIS)	2.5×
J. M. Smucker (SJM)	1.9×
McCormick & Company (MKC)	1.8×
Archer-Daniels-Midland (ADM)	1.5×
Bunge Global S.A. (BG)	1.5×
Campbell Soup (CPB)	1.5×
Hormel Foods (HRL)	1.5×
Keurig Dr Pepper (KDP)	1.4×
Tyson Foods (TSN)	1.2×
Conagra Brands (CAG)	1.0×
Universal Corporation (UVV)	0.9×
Molson Coors Beverage (TAP)	0.8×
Kraft Heinz (KHC)	0.6×

P/B Ratio for Altria Group (MO) 2002-2026

P/B Ratio daily chart for Altria Group (MO)

Historical P/B Ratio for Altria Group (MO) from 2002 to 2025

About P/B Ratio at Altria Group (MO)

Altria Group P/B Ratio by Year

Altria Group P/B Ratio 2020: 26.8×

Altria Group P/B Ratio 2019: 14.9×

Altria Group P/B Ratio 2018: 6.2×

Altria Group P/B Ratio 2017: 8.8×

Altria Group P/B Ratio 2016: 10.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Altria Group (MO) Key Financials