Philip Morris
PM
#76
Rank
$132.49 B
Marketcap
$85.47
Share price
-1.72%
Change (1 day)
-11.56%
Change (1 year)
Categories

Philip Morris International Inc. is the world's largest private tobacco company. The group sells cigarettes in more than 180 countries and has a 15.5 percent share of the global tobacco market.

P/E ratio for Philip Morris (PM)

P/E ratio as of October 2022 (TTM): 14.7

According to Philip Morris's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.6604. At the end of 2021 the company had a P/E ratio of 16.3.

P/E ratio history for Philip Morris from 2008 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202116.31.76%
202016.0-13.05%
201918.440.15%
201813.1-51.86%
201727.3

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.