Philip Morris International Inc. (PM) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
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, prima...
Philip Morris International Inc. (PM) currently trades at a P/E ratio of 29.41 (historical range: 14.76–65.47, median: 22.52), placing it at the 74th percentile — above its historical average, P/S ratio of 7.52 (range: 4.06–12.96, 84th percentile — expensive relative to its history), EV/EBITDA of 22.60 (range: 11.99–38.58, 78th percentile).
Over the historical period (2021-09-14 to 2026-10-16), Philip Morris International Inc.'s P/E ratio has expanded by 76% over the observed period (from an average of 18.9 to 33.1).
Philip Morris International Inc. trades well above its own historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 29.41 | 22.52 | 74th | above its historical average |
| P/S Ratio | 7.52 | 5.92 | 84th | expensive relative to its history |
| EV/EBITDA | 22.60 | 20.01 | 78th | above its historical average |
| FCF Yield | 3.98% | 4.32% | 33th | above its historical average |
Philip Morris International Inc. (PM) Valuation & P/E History
Philip Morris International Inc. (PM) is a US-listed stock operating in the Consumer Defensive sector, specifically the Cigarettes industry currently trading at $205.44 with a market capitalization of $320.2 billion. This page provides historical valuation analysis for PM based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 29.41 is above the historical median of 22.52, placing PM at the 74th percentile of its valuation range. The P/S ratio of 7.52 compares to a median of 5.92.
PM Valuation Metrics & Historical Range
The valuation table above shows Philip Morris International Inc.'s current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether PM is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests PM is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Philip Morris International Inc..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is PM Overvalued or Undervalued?
Philip Morris International Inc. trades well above its own historical valuation range across most metrics. The overall valuation percentile of 79 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive PM is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full PM analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.PM trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.