Question 1

What is Philip Morris International's P/E ratio?

Accepted Answer

Philip Morris International (PM) P/E ratio is 27.9× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Philip Morris International?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Philip Morris International specifically, the relevant sector benchmark is the current sector median of 22.6×.

Question 5

Is Philip Morris International's P/E ratio high or low?

Accepted Answer

Philip Morris International's P/E ratio of 27.9× is above its own 5-year average of 20.7× and above the sector median of 22.6×. That places the current reading at the 82th 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 Philip Morris International's historical P/E ratio range?

Accepted Answer

In the available daily series, Philip Morris International (PM) P/E ratio has ranged from a low of 0.0× in 2006 to a high of 37.9× in 2025. The 5-year average is 20.7× and the 5-year median is 17.9×.

Question 7

What was Philip Morris International's P/E ratio in 2025?

Accepted Answer

Philip Morris International (PM) P/E ratio at the end of 2025 was 22.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Philip Morris International's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$250B	$11.3B	22.0×	-4.5×	Dec 31, 2025
2024	$187B	$7.06B	26.5×	+7.8×	Dec 31, 2024
2023	$146B	$7.81B	18.7×	+1.4×	Dec 31, 2023
2022	$157B	$9.05B	17.3×	+1.1×	Dec 31, 2022
2021	$148B	$9.11B	16.2×	+0.2×	Dec 31, 2021
2020	$129B	$8.06B	16.0×	-2.4×	Dec 31, 2020
2019	$132B	$7.19B	18.4×	+5.3×	Dec 31, 2019
2018	$104B	$7.91B	13.1×	-14.1×	Dec 31, 2018
2017	$164B	$6.04B	27.2×	+6.8×	Dec 31, 2017
2016	$142B	$6.97B	20.4×	+0.6×	Dec 31, 2016
2015	$136B	$6.87B	19.8×	+3.0×	Dec 31, 2015
2014	$126B	$7.49B	16.9×	+0.6×	Dec 31, 2014
2013	$139B	$8.58B	16.2×	+0.4×	Dec 31, 2013
2012	$139B	$8.8B	15.8×	+0.1×	Dec 31, 2012
2011	$135B	$8.59B	15.8×	+0.9×	Dec 31, 2011
2010	$108B	$7.26B	14.8×	+0.1×	Dec 31, 2010
2009	$93.6B	$6.34B	14.8×	+1.3×	Dec 31, 2009
2008	$90B	$6.7B	13.4×	-3.8×	Dec 31, 2008
2007	$104B	$6.03B	17.2×	+17.2×	Dec 31, 2007
2006	$0.00	$6.15B	0.0×	—	Dec 31, 2006


Colgate-Palmolive (CL)	32.8×
Archer-Daniels-Midland (ADM)	32.5×
Tootsie Roll Industries (TR)	32.2×
Church & Dwight Co. (CHD)	30.1×
Mondelez International (MDLZ)	28.5×
Hormel Foods (HRL)	25.3×
Coca-Cola (KO)	24.1×
Sysco (SYY)	22.6×
Lamb Weston (LW)	21.9×
Marzetti (MZTI)	21.5×
Procter & Gamble (PG)	20.9×
Kenvue (KVUE)	20.4×
Keurig Dr Pepper (KDP)	19.5×
PepsiCo (PEP)	18.8×
Target (TGT)	17.0×
Clorox (CLX)	16.6×
Brown-Forman (BF-B)	16.5×
Dollar General (DG)	16.1×
Kimberly-Clark (KMB)	15.1×
Dollar Tree (DLTR)	14.5×
Altria Group (MO)	13.7×
Constellation Brands (STZ)	12.9×
Coca-Cola Europacific Partners (CCEP)	10.9×
Campbell Soup (CPB)	10.0×
McCormick & Company (MKC)	7.7×

P/E Ratio for Philip Morris International (PM) 2006-2026

P/E Ratio daily chart for Philip Morris International (PM)

Historical P/E Ratio for Philip Morris International (PM) from 2006 to 2025

About P/E Ratio at Philip Morris International (PM)

Philip Morris International P/E Ratio by Year

Philip Morris International P/E Ratio 2025: 22.0×

Philip Morris International P/E Ratio 2024: 26.5×

Philip Morris International P/E Ratio 2023: 18.7×

Philip Morris International P/E Ratio 2022: 17.3×

Philip Morris International P/E Ratio 2021: 16.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Philip Morris International (PM) Key Financials