Stock Analysis
Philip Morris International Inc.PM
P/E 29.41×· 5Y range 14.76–65.47×· 74th percentile of history
Sector: Consumer Defensive · Industry: Cigarettes
AnalystsStrong Buy27 analystsP/E 29.4× sits at the 74th percentile of its 5.086926762491444-year history.
Cash covers 12% of debt · Q2 2026.
PMP Verdict
Mixed fundamentals, fairly valued
Strengths
- Quality82
- Profitability75
Mixed picture — no clear quality or value edge.
Market context
+2.7% today· Z 1.5σ
Bull Case
- ✓Piotroski F-Score 8/9 — high earnings quality
- ✓Altman Z 4.3 — safe-zone balance sheet
- ✓Interest coverage 15.4× — debt well covered
What's happening with PM
Profile
Strong moat, earnings quality and profitability; valuation lags behind.
How is each axis scored?
- Valuation41/100 · Weak
- P/E vs own history (74th pct)5/25
- FCF yield (4.0%)12/25
- P/S (7.5x)12/25
- EV/EBIT (22.6x)12/25
- Growth55/100 · Moderate
- Revenue CAGR (6.7%)12/25
- Net income CAGR (5.6%)12/25
- EPS CAGR 5Y (4.7%)6/25
- Fwd implied growth (39.2%)25/25
- Profitability75/100 · Strong
- ROIC (34.8%)25/25
- ROE (n/a)0/25
- Net margin (25.6%)25/25
- Operating margin (37.7%)25/25
- Financial Health56/100 · Moderate
- Altman Z (4.33)25/25
- Current ratio (0.98)6/25
- Interest coverage (15.4x)25/25
- Net cash / debt (D/A 63%)0/25
- Quality82/100 · Strong
- Piotroski F (8/9)25/25
- Beneish M (-2.39)20/25
- FCF conversion (117%)25/25
- Margin stability (σ 9.9%)12/25
- Moat93/100 · Strong
- ROIC >12% years (10/10 yrs)25/25
- Median gross margin (64.4%)25/25
- FCF-positive years (10/10 yrs)25/25
- Worst-year net margin (worst 7.7%)18/25
About Philip Morris International Inc.
Created from the international operations of Altria in 2008, Philip Morris International sells cigarettes and reduced-risk products, including heat sticks, vapes, and oral nicotine offerings, primarily outside of the US. Show more
With the 2023 acquisition of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches primarily in the US and Scandinavia, PMI is not only dominant in smokable products but also has the Iqos and Zyn brands, which respectively dominate heated tobacco and nicotine pouches in most markets. It also owns the Veev brand in vapes.
Headquarters: STAMFORD, CT · Employees: 84,900 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
41D+P/E (TTM)29.4xC
Grade C: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 14.8x–65.5x · 74th pct
P/FCF23.1xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield4.0%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 2.0%–8.7% · 33rd pct
P/S (TTM)7.53xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 4.1x–13.0x · 84th pct
EV/EBIT22.6xC
Grade C: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 12.0x–38.6x · 78th pct
EV/Sales8.3xC
Grade C: ExpensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E21.2xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B RatioNeg. EquityC
Grade C: BuybacksPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio3.07D
Grade D: ExpensiveFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield2.89%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio82.8%C
Grade C: HighDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
75B+ROIC34.8%A
Grade A: MoatNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROENeg. EquityC
Grade C: BuybacksReturn on Equity. Neg. equity = heavy buybacks
ROA15.9%A
Grade A: StrongReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin25.6%A
Grade A: HighNet Income / Revenue
Operating Margin37.7%A
Grade A: HighTTM EBIT / TTM Revenue
Gross Margin67.5%A
Grade A: PremiumGross Profit / Revenue
FCF Margin29.9%A
Grade A: HighFCF / Revenue
True FCF Margin29.9%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
55CRevenue CAGR6.7%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR5.6%C
Grade C: OkCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)4.7%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth39.2%A
Grade A: HighAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-0.5%B
Grade B: FlatShare count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue—
TTM stock-based comp / TTM Revenue
Financial Health
56CAltman Z-Score4.33A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio0.98xD
Grade D: LowCurrent Assets/Liabilities
Quick Ratio0.98xC
Grade C: Ok(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage15.4xA
Grade A: StrongEBIT/Interest. >10 Strong
Debt Repayment3.4yC
Grade C: AverageYears to repay net debt via FCF
Net Debt/EBIT2.7xC
Grade C: MedLeverage. <2x Low, >4x High
Debt/Equity—
Debt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.12xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
82APiotroski F-Score8/9A
Grade A: StrongFinancial strength 0–9. >7 Strong
Beneish M-Score-2.39A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion117.0%A
Grade A: StrongFCF / Net Income
Margin Stability9.9%C
Grade C: AverageEBIT margin std deviation. Lower = stable
Capex / Revenue3.6%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.62xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 records| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Combes Michel Filed | Combes Michel | Grant / award | +1.1K | |
Morparia Kalpana Filed | Morparia Kalpana | Grant / award | +1.1K | |
Polet Robert Filed | Polet Robert | Grant / award | +1.1K | |
Bough Bonin Filed | Bough Bonin | Grant / award | +1.1K | |
Yanai Shlomo Filed | Yanai Shlomo | Grant / award | +1.1K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Geissler Werner Filed | Geissler Werner | Grant / award | +1.1K | |
Harker Victoria D Filed | Harker Victoria D | Grant / award | +1.1K | |
Hook Lisa Filed | Hook Lisa | Grant / award | +1.1K |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
93A+ROIC >12% Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)64.4%A
Grade A: DurableMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor7.7%A
Grade A: DurableWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$6.98
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$3.85
Cash & short-term investments per share (Finnhub)
Book Value / Share$0.07
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$49.14B
Total debt obligations (short + long term)
Cash & Equiv.$6.00B
Cash and short-term investments
Net Debt$43.14B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$-6.66B
Shareholders' equity (book value)
Asset / Liability0.91xD
Grade D: RiskyTotal Assets / Total Liabilities
Market
Market Cap$320.20B
Current Market Capitalization
Beta0.38B
Grade B: DefensivePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Philip Morris International Inc. (PM)
PM is up 2.65% at the last close. Philip Morris International Inc. meets 8 of 9 Piotroski F-Score criteria, placing its fundamental strength in the top tier of US-listed stocks. Altman Z-Score of 4.33 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk. Beneish M-Score of -2.39 suggests a low likelihood of earnings manipulation.
- Philip Morris International Inc. converts about 30% of revenue into free cash flow — strong cash generation.
- Takes ~3.4 years to repay net debt from free cash flow.
- The stock currently yields 2.9% in dividends.
- Philip Morris International Inc. reports earnings in 4 days — a potential volatility catalyst.
See how PM ranks on the Capex Tracker — top 50 capital spenders compared.
Earnings
View earnings calendar →Next Earnings
| Date | Time | EPS Est. | Rev Est. |
|---|---|---|---|
| Oct 20, 2026 | After-Hrs | $2.36 | $11.6B |
Recent Market Moves
See all PM moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 15 | Regular | 200.11 | -2.66% | -2.15 |
| Oct 14 | Regular | 205.13 | +2.93% | 2.05 |
| Oct 14 | After-hours | 206.42 | +3.58% | 2.53 |
| Oct 8 | Regular | 201.81 | +4.73% | 4.34 |
| Oct 8 | After-hours | 200.57 | +4.09% | 3.75 |
Frequently Asked Questions about PM
What is the current Philip Morris International Inc. (PM) stock price?
PM is trading at $205.20 at the last market close, up 2.65% on the session. PreMarketPrice tracks PM pre-market, intraday and after-hours prices.
Is PM stock a buy right now?
PreMarketPrice's quantitative model rates Philip Morris International Inc.'s financial health at 56/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is PM stock overvalued?
Philip Morris International Inc. trades at a trailing P/E of 29.4 and our valuation score rates it 41/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Philip Morris International Inc. report earnings?
PM is scheduled to report on 2026-10-20 (in 4 days). Check the Earnings section for recent results and the full calendar.
What sector does Philip Morris International Inc. operate in?
Philip Morris International Inc. operates in the Consumer Defensive sector, within the Cigarettes industry. The Related Stocks section lists sector peers for comparison.
What does Philip Morris International Inc. do?
Created from the international operations of Altria in 2008, Philip Morris International sells cigarettes and reduced-risk products, including heat sticks, vapes, and oral nicotine offerings, primarily outside of the US.
About Philip Morris International Inc. (PM) Stock
Philip Morris International Inc. (PM) is a US-listed stock operating in the Consumer Defensive sector, specifically the Cigarettes industry. As of the latest update, Philip Morris International Inc. is trading at $205.20, up 2.65% on the day with a market capitalization of $320.2 billion. The financial health score for PM is 56/100, which indicates moderate financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for PM stock.
PM Stock Analysis & Key Metrics
On PreMarketPrice, you can track Philip Morris International Inc. (PM) across multiple dimensions:
- Pre-market price & movement: Real-time PM stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Earnings calendar: Upcoming and past earnings reports for PM, including EPS estimates, actual results, and surprise percentages.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for PM with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Philip Morris International Inc. across multiple reporting periods.
- Financial health score: A composite score of 56/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for PM.
- Sector peers: Compare PM against 5 other consumer defensive stocks on key financial metrics.
Is PM a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Philip Morris International Inc. (PM) as an investment. The financial health score of 56/100 suggests moderate financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average. Earnings data reveals whether the company is meeting or beating analyst expectations.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Philip Morris International Inc. (PM) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.