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 September 2023 (TTM): 18.9
According to Philip Morris's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.8994. 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 |
|---|---|---|
| 2021 | 16.3 | 1.76% |
| 2020 | 16.0 | -13.05% |
| 2019 | 18.4 | 40.15% |
| 2018 | 13.1 | -51.86% |
| 2017 | 27.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Altria Group MO | 11.3 | -40.23% | 🇺🇸 USA |
 22nd Century Group
XXII | -0.2170 | -101.15% | 🇺🇸 USA |
 Vector Group
VGR | 10.7 | -43.58% | 🇺🇸 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.