# Altria Group Inc. (MO) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Consumer Defensive / Tobacco. Price $76.94, market value $128.0 billion.

## Valuation
- **P/E (trailing): 15.9×** (5-yr avg 12.8×, 3-yr avg 9.4×). Altria Group Inc. trades at 15.9× trailing earnings, well above its own five-year average of 12.8×: investors are paying up relative to the company's past. The Consumer Defensive median in the September 2026 study was 20.1×. Forward P/E is 13.0×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 5.4×**. Each dollar of revenue is priced at 5.4×.
- **EV / EBITDA: 13.2×**. Enterprise value is 13.2× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 7.1%** (5-yr avg 12.3%). Free cash flow equals 7.1% of the market value, below its five-year average of 12.3%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 6.3%**. The inverse of the P/E: 6.3% of the price is earned each year.

## Profitability
- **Gross margin: 63.3%**. Altria Group Inc. keeps 63.3% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 47.0%**. 47.0% of revenue is left after running the business, an exceptional level.
- **Net margin: 29.8%**. 29.8% of each dollar of sales reaches the bottom line.
- **Return on equity: -198.4%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 49.3%**. Return on all capital, debt included, is 49.3%: comfortably above what that capital costs.
- **Return on assets: 23.2%**. Each dollar of assets produces 23.2% of profit.

## Growth
- **Revenue growth (1 yr): -3.1%** (3-yr -2.5%/yr, 5-yr -2.3%/yr). Revenue fell 3.1% over the last year, against -2.3% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -37.0%** (3-yr 8.9%/yr, 5-yr 11.4%/yr). Earnings per share fell 37.0%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 4.1%/yr**. Free cash flow has compounded at 4.1% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Net debt / EBITDA: 1.9×**. It would take 1.9 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 0.65** (quick 0.65). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 3.34**. A Z-score of 3.34 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 5.77%** ($4.29 per share, trailing). Altria Group Inc. yields 5.77%, an income-level yield.
- **Payout ratio: 100%** (78% of free cash flow). The dividend exceeds earnings (100% payout), though free cash flow still covers it.
- **Consecutive years of increases: 16**. 16 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 4.1%/yr** (1-yr 4.0%). The dividend has grown 4.1% a year over five years.

## Analyst view
- **Analyst consensus: hold** (11 analysts). 11 analysts cover Altria Group Inc.; the consensus is hold, with an average price target of $73.27 (-5% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 43.8%** (YTD 38.1%, 3-mo 13.1%). The shares are up 43.8% over twelve months including dividends.
- **From 52-week high: -3.6%** (40.7% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 66**. An RSI of 66 is neutral.
- **Beta (1 yr): -0.55** (volatility 25%). Beta of -0.55 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MO · Page: https://foliofundamentals.com/stocks/mo

Not investment advice.