# Philip Morris International Inc (PM) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Consumer Defensive / Tobacco. Price $182.53, market value $284.5 billion.

## Valuation
- **P/E (trailing): 25.1×** (5-yr avg 18.4×, 3-yr avg 21.3×). Philip Morris International Inc trades at 25.1× trailing earnings, well above its own five-year average of 18.4×: 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 19.9×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.33**. A PEG of 0.33 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 6.7×**. Each dollar of revenue is priced at 6.7×.
- **EV / EBITDA: 15.5×**. Enterprise value is 15.5× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.5%** (5-yr avg 6.6%). Free cash flow equals 4.5% of the market value, below its five-year average of 6.6%, so the shares are pricier on cash than usual.
- **Earnings yield: 4.0%**. The inverse of the P/E: 4.0% of the price is earned each year.

## Profitability
- **Gross margin: 67.5%**. Philip Morris International Inc keeps 67.5% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 37.7%**. 37.7% of revenue is left after running the business, an exceptional level.
- **Net margin: 27.9%**. 27.9% of each dollar of sales reaches the bottom line.
- **Return on equity: -113.5%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -86.3%**. Return on all capital, debt included, is -86.3%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 15.7%**. Each dollar of assets produces 15.7% of profit.

## Growth
- **Revenue growth (1 yr): 7.3%** (3-yr 8.6%/yr, 5-yr 7.2%/yr). Revenue grew 7.3% over the last year, against 7.2% a year compounded over five years.
- **EPS growth (1 yr): 60.6%** (3-yr 7.7%/yr, 5-yr 7.1%/yr). Earnings per share rose 60.6%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 3.1%/yr**. Free cash flow has compounded at 3.1% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Net debt / EBITDA: net cash**. Philip Morris International Inc holds more cash than debt.
- **Altman Z-score: 3.31**. A Z-score of 3.31 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.22%** ($5.88 per share, trailing). Philip Morris International Inc yields 3.22%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 76%** (71% of free cash flow). 76% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 13**. 13 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 3.5%/yr** (1-yr 6.4%). The dividend has grown 3.5% a year over five years.

## Price and momentum
- **Total return (1 yr): 17.4%** (YTD 15.8%, 3-mo 3.2%). The shares are up 17.4% over twelve months including dividends.
- **From 52-week high: -12.1%** (28.4% above the low). Trading 12% 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): 41**. An RSI of 41 is neutral.
- **Beta (1 yr): -0.19** (volatility 28%). Beta of -0.19 against the S&P 500: the shares move much less than the market.

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

Not investment advice.