Altria Group, Inc., known as Philip Morris Companies Inc. until 2003, is an American corporation that operates worldwide. It is one of the world's largest producers and marketers of tobacco and cigarettes.
P/E ratio for Altria Group (MO)
P/E ratio as of April 2024 (TTM): 8.41
According to Altria Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.41141. At the end of 2022 the company had a P/E ratio of 14.3.
P/E ratio history for Altria Group from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.3 | -59.46% |
| 2021 | 35.3 | 106.75% |
| 2020 | 17.1 | -123.76% |
| 2019 | -72.0 | -637.58% |
| 2018 | 13.4 | -0.47% |
| 2017 | 13.4 | 44.78% |
| 2016 | 9.29 | -57.24% |
| 2015 | 21.7 | 13.3% |
| 2014 | 19.2 | 12.86% |
| 2013 | 17.0 | 11.3% |
| 2012 | 15.3 | -15.58% |
| 2011 | 18.1 | 37.32% |
| 2010 | 13.2 | 3.96% |
| 2009 | 12.7 | 98.46% |
| 2008 | 6.38 | -60.74% |
| 2007 | 16.3 | 9.28% |
| 2006 | 14.9 | 0.32% |
| 2005 | 14.8 | 11.37% |
| 2004 | 13.3 | 11.05% |
| 2003 | 12.0 | 55.56% |
| 2002 | 7.71 | -34.12% |
| 2001 | 11.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Philip Morris PM | 17.7 | 110.53% | 🇺🇸 USA |
 22nd Century Group
XXII | -0.3226 | -103.84% | 🇺🇸 USA |
 Vector Group
VGR | 9.21 | 9.51% | 🇺🇸 USA |
 British American Tobacco BTI | N/A | N/A | 🇬🇧 UK |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.