# Altria Group Inc. (MO) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Consumer Defensive / Tobacco. Price $68.88, market value $115.0 billion.

## Valuation
- **P/E (trailing): 14.5×** (5-yr avg 12.8×, 3-yr avg 9.4×). Altria Group Inc. trades at 14.5× trailing earnings, close to its own five-year average of 12.8×. The Consumer Defensive median in the September 2026 study was 20.1×. Forward P/E is 11.7×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 4.9×**. Each dollar of revenue is priced at 4.9×.
- **EV / EBITDA: 12.2×**. Enterprise value is 12.2× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 7.9%** (5-yr avg 12.3%). Free cash flow equals 7.9% 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: 6.9%**. The inverse of the P/E: 6.9% of the price is earned each year.

## Profitability
- **Gross margin: 63.0%**. Altria Group Inc. keeps 63.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 46.8%**. 46.8% 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: 48.9%**. Return on all capital, debt included, is 48.9%: comfortably above what that capital costs.
- **Return on assets: 22.8%**. Each dollar of assets produces 22.8% 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.
- **Altman Z-score: 3.25**. A Z-score of 3.25 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 6.45%** ($4.24 per share, trailing). Altria Group Inc. yields 6.45%, high enough to check carefully: yields this high often precede a cut.
- **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 $70.00 (+2% 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): 10.5%** (YTD 23.3%, 3-mo -3.2%). The shares are up 10.5% over twelve months including dividends.
- **From 52-week high: -10.6%** (25.9% above the low). Trading 11% below 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): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): -0.50** (volatility 26%). Beta of -0.50 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.