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 April 2024 (TTM): 19.2
According to Philip Morris's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.2272. At the end of 2022 the company had a P/E ratio of 17.4.
P/E ratio history for Philip Morris from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.4 | 6.72% |
| 2021 | 16.3 | 1.76% |
| 2020 | 16.0 | -13.05% |
| 2019 | 18.4 | 40.15% |
| 2018 | 13.1 | -51.86% |
| 2017 | 27.3 | 33.68% |
| 2016 | 20.4 | 2.68% |
| 2015 | 19.9 | 16.23% |
| 2014 | 17.1 | 3.3% |
| 2013 | 16.6 | 2.59% |
| 2012 | 16.1 | -0.21% |
| 2011 | 16.2 | 8.65% |
| 2010 | 14.9 | 0.75% |
| 2009 | 14.8 | 12.79% |
| 2008 | 13.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Altria Group MO | 8.74 | -54.54% | 🇺🇸 USA |
 22nd Century Group
XXII | -0.3472 | -101.81% | 🇺🇸 USA |
 Vector Group
VGR | 9.58 | -50.19% | 🇺🇸 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.