
Philip Morris International Financial Ratios 2025-2006 | PM
Brief overview of Philip Morris International 's market valuation
Ratios are assessed across five available annual reports in the 2021–2025 interval.
The current valuation set is P/E 24.93x (median 17.64x), EV/EBITDA 14.26x (median 14.26x), P/S 6.96x (median 4.99x). Valuation is 40.5% above five-year reference levels. The premium requires support from earnings and returns.
The inverse P/E implies an earnings yield of 4%. This is not a dividend yield, but current earnings relative to market price.
Returns on assets and capital are represented by ROE -113.5%, ROA 16.4%, ROCE -149%. Returns below zero mean resources are not producing positive profit. Recovery in operating results is the main reference point.
The PEG ratio is 3.06x; investors pay a high price per unit of expected growth.
The cash conversion cycle decreased 47.8 days to 209.2 days, supporting working-capital efficiency.
Valuation takeaway
Philip Morris International 's market premium is not yet supported by strong capital returns, raising valuation risk.
Annual Financial Ratios Philip Morris International
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
P/E |
24.9 | 31.9 | 17.6 | 17.5 | 17.1 | 15.2 | 18.3 | 14.6 | 27.8 | 21.4 | 20.3 | 16.8 | 15.0 | 16.9 | 15.4 | 11.1 | 13.4 | 15.6 | - | - |
P/S |
7.0 | 5.9 | 3.9 | 5.0 | 4.9 | 4.3 | 4.4 | 3.9 | 5.8 | 5.6 | 5.2 | 4.2 | 4.1 | 4.7 | 4.2 | - | - | - | - | - |
EPS |
7.3 | 4.5 | 5.0 | 5.8 | 5.8 | 5.2 | 4.6 | 5.1 | 3.9 | 4.5 | 4.4 | 4.8 | 5.3 | 5.2 | 4.8 | 3.9 | 3.2 | 3.3 | 2.9 | - |
EV (Enterprise Value) |
355 B | 292 B | 210 B | 223 B | 200 B | 171 B | 177 B | 160 B | 212 B | 192 B | 181 B | 170 B | 171 B | 186 B | 163 B | 109 B | 112 B | 131 B | -1.5 B | -1.78 B |
EBITDA per Share |
10.8 | 9.77 | 8.35 | 8.6 | 8.97 | 7.49 | 6.76 | 7.34 | 7.47 | 7.02 | 6.95 | 7.87 | 8.58 | 8.29 | 7.69 | 6.6 | 5.61 | 5.36 | - | - |
EV/EBITDA |
21.0 | 19.3 | 16.2 | 16.7 | 14.3 | 9.7 | 14.8 | 12.3 | 16.7 | 15.9 | 15.3 | 12.4 | 11.1 | 12.0 | 10.9 | 9.0 | 10.2 | 11.8 | -0.2 | - |
PEG |
3.06 | 3.93 | 5.65 | 5.2 | 3.12 | 8.93 | -2.02 | 0.48 | -2.1 | 15.74 | -2.84 | -1.76 | 8.59 | 2.82 | 0.64 | - | - | - | - | - |
P/B |
-35.2 | -22.8 | -14.6 | -25.1 | -18.9 | -11.5 | -11.3 | -9.3 | -13.9 | -11.7 | -10.5 | -9.9 | -16.5 | -42.7 | 576.0 | 15.8 | 13.8 | 13.6 | - | - |
P/CF |
23.1 | 18.4 | 15.0 | 14.7 | 13.0 | 12.5 | 14.2 | 14.4 | 22.7 | 21.6 | 20.2 | 19.1 | 14.4 | 17.7 | 13.7 | 8.6 | 10.8 | 13.6 | - | - |
ROE % |
-113.55 | -60.06 | -69.60 | -101.02 | -110.98 | -75.78 | -62.06 | -63.50 | -49.93 | -54.91 | -51.90 | -59.33 | -110.43 | -253.16 | 3751.53 | 207.05 | 110.95 | 91.87 | 37.71 | - |
ROA % |
16.40 | 11.42 | 11.96 | 14.67 | 22.06 | 17.98 | 16.76 | 19.88 | 14.05 | 18.91 | 20.24 | 21.29 | 22.47 | 23.36 | 24.21 | 20.71 | 18.35 | 20.90 | - | - |
ROCE % |
-149.01 | -114.06 | -102.95 | -136.72 | -158.08 | -109.75 | 43.43 | 50.14 | 42.59 | 53.06 | 57.57 | 60.96 | 65.51 | 67.44 | 64.95 | 319.45 | 175.65 | 136.64 | 55.54 | - |
Current Ratio |
0.9 | 0.9 | 0.9 | 0.9 | 0.8 | 0.8 | 1.1 | 1.1 | 1.4 | 1.1 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.2 | 1.2 | 1.3 | - | - |
DSO |
37.5 | 34.9 | 37.9 | 40.1 | 35.0 | 38.1 | 45.5 | 43.9 | 47.5 | 47.9 | 37.8 | 49.1 | 45.1 | 41.7 | 37.6 | - | - | - | - | - |
DIO |
285.8 | 276.9 | 292.4 | 297.8 | 333.2 | 359.0 | 320.6 | 298.7 | 308.1 | 350.5 | 330.2 | 300.5 | 345.2 | 314.9 | 277.6 | - | - | - | - | - |
DPO |
114.1 | 110.8 | 116.3 | 118.6 | 111.2 | 96.9 | 79.8 | 70.2 | 78.4 | 64.8 | 50.2 | 43.4 | 44.7 | 38.8 | 35.2 | - | - | - | - | - |
Operating Cycle |
323.3 | 311.9 | 330.4 | 337.9 | 368.2 | 397.1 | 366.1 | 342.6 | 355.6 | 398.3 | 368.1 | 349.6 | 390.3 | 356.6 | 315.1 | - | - | - | - | - |
Cash Conversion Cycle |
209.2 | 201.0 | 214.0 | 219.3 | 257.0 | 300.2 | 286.3 | 272.5 | 277.1 | 333.6 | 317.8 | 306.2 | 345.6 | 317.8 | 279.9 | - | - | - | - | - |
All numbers in USD currency
Quarterly Financial Ratios Philip Morris International
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q3 | 2009-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
1.8 | 1.56 | 2.23 | 1.95 | 1.72 | 1.98 | 1.54 | 1.38 | 1.32 | 1.01 | 1.28 | - | 1.34 | 1.44 | 1.5 | - | 1.55 | 1.39 | 1.55 | 1.27 | 1.48 | 1.25 | 1.17 | 1.04 | 1.22 | 1.49 | 0.87 | 1.23 | 1.44 | 1.41 | 1 | 0.44 | 1.27 | 1.14 | 1.02 | 1.1 | 1.25 | 1.15 | 0.98 | 0.8 | 1.25 | 1.21 | 1.16 | 1.03 | 1.38 | 1.17 | 1.18 | 1.24 | 1.44 | 1.3 | 1.28 | 1.25 | 1.32 | 1.36 | 1.25 | 1.08 | 1.35 | 1.35 | 1.06 | 0.99 | 1.07 | 0.9 | 0.93 | 0.79 |
EBITDA per Share |
3.23 | 2.83 | 3.06 | 2.7 | 2.59 | 2.67 | 2.5 | 2.2 | - | - | 1.81 | - | 1.98 | 1.97 | 2.29 | - | 2.23 | 2.02 | 2.37 | - | 2.54 | 2.05 | 1.95 | - | 2.25 | 2.35 | 1.47 | - | 2.5 | 2.3 | 1.72 | - | 2.4 | 2.02 | 1.68 | - | 2.27 | 2.01 | 1.71 | - | 2.27 | 2.11 | 1.98 | - | 2.57 | 2.1 | 2 | - | 2.64 | 2.32 | 2.2 | - | 2.55 | 2.38 | 2.11 | - | 2.53 | 2.37 | 1.81 | 1.92 | 1.82 | - | - | - |
ROE % |
-116.36 | -113.68 | -127.36 | -125.79 | -125.47 | -121.99 | -101.73 | -99.72 | -102.83 | -106.93 | -115.65 | -87.37 | -115.47 | -106.82 | -97.00 | -68.59 | -84.31 | -74.56 | -70.51 | -64.10 | -62.34 | -60.36 | -64.90 | -62.06 | -63.43 | -65.09 | -62.70 | -63.50 | -53.91 | -52.17 | -49.27 | -49.93 | -57.68 | -56.65 | -56.01 | -54.91 | -50.86 | -50.24 | -50.40 | -51.90 | -55.23 | -57.63 | -58.04 | -59.33 | -72.15 | -85.22 | -97.91 | -110.43 | -145.11 | -179.05 | -218.36 | -253.16 | 630.69 | 1732.75 | 2851.37 | 3751.53 | 2968.15 | 1978.92 | 961.88 | 152.25 | 136.29 | 34.93 | 28.36 | 24.24 |
ROA % |
17.29 | 17.29 | 18.36 | 16.83 | 15.69 | 14.82 | 12.74 | 12.30 | 14.14 | 16.46 | 19.76 | 16.54 | 21.88 | 16.76 | 22.83 | 17.25 | 21.66 | 20.97 | 19.98 | 17.98 | 17.34 | 16.61 | 17.67 | 16.76 | 17.79 | 19.01 | 19.12 | 19.88 | 16.69 | 15.63 | 14.25 | 14.05 | 17.07 | 17.75 | 18.45 | 18.91 | 17.94 | 18.40 | 19.11 | 20.24 | 21.14 | 21.55 | 21.25 | 21.29 | 21.92 | 21.93 | 22.23 | 22.47 | 22.82 | 22.61 | 23.19 | 23.36 | 23.11 | 23.90 | 24.54 | 24.21 | 23.83 | 23.08 | 21.28 | 21.21 | 20.93 | 4.98 | 5.33 | 4.67 |
ROCE % |
-164.81 | -151.74 | -157.16 | -161.46 | -166.00 | -170.03 | -154.89 | -150.25 | -154.78 | -153.14 | -161.11 | -122.39 | -162.42 | -150.48 | -138.21 | -98.01 | -123.81 | -105.52 | -99.55 | -69.73 | -93.81 | -95.54 | -91.51 | -69.32 | -94.65 | -95.39 | -87.34 | -69.63 | -95.18 | -92.49 | -87.66 | -68.19 | -91.65 | -87.80 | -84.64 | -64.65 | -86.99 | -85.37 | -85.35 | -65.86 | -92.34 | -92.76 | -94.29 | -72.61 | -118.95 | -135.44 | -156.34 | -132.98 | -237.21 | -294.55 | -349.48 | -305.81 | 1299.87 | 3025.06 | 4441.84 | 4539.74 | 4602.32 | 3068.13 | 1502.85 | 234.70 | 210.21 | 55.68 | 44.95 | 38.09 |
Current Ratio |
0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.8 | - | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 1.1 | 1.1 | 1.1 | 1.1 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 |
DSO |
42.0 | 44.6 | 41.2 | 44.4 | 44.7 | 39.0 | 40.6 | 41.9 | 39.9 | 39.4 | 42.6 | - | 21.9 | 21.3 | 39.9 | - | 38.8 | 41.1 | 37.3 | 35.6 | 35.6 | 39.9 | 38.2 | 36.4 | 36.8 | 36.5 | 40.8 | 35.9 | 35.9 | 34.8 | 40.6 | 13.5 | 14.1 | 15.1 | 18.4 | 16.6 | 16.0 | 16.8 | 17.1 | 13.8 | 13.1 | 13.5 | 17.8 | 18.3 | 17.1 | 17.4 | 20.2 | 17.2 | 17.0 | 17.2 | 18.3 | 16.6 | 16.7 | 16.3 | 17.2 | 15.5 | 14.1 | 14.4 | 17.2 | - | - | - | - | - |
DIO |
294.8 | 304.9 | 274.7 | 290.2 | 293.3 | 254.0 | 264.0 | 280.1 | 281.8 | 291.3 | 309.3 | - | 111.2 | 149.6 | 304.5 | - | 296.4 | 343.4 | 373.4 | - | 362.2 | 401.6 | 357.6 | - | 323.5 | 316.2 | 333.9 | - | 306.9 | 292.8 | 307.2 | - | 293.8 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
DPO |
101.3 | 111.3 | 102.7 | 106.0 | 109.3 | 96.3 | 98.7 | 102.5 | 105.5 | 109.3 | 120.5 | - | 52.0 | 55.2 | 114.3 | - | 95.6 | 100.2 | 106.7 | - | 105.0 | 116.4 | 96.5 | - | 80.5 | 78.7 | 80.8 | - | 72.1 | 68.8 | 75.2 | - | 74.8 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Cycle |
- | 349.5 | 315.9 | 334.6 | 338.0 | 293.0 | 304.6 | 322.0 | 321.7 | 330.8 | 352.0 | - | 133.1 | 170.9 | 344.4 | - | 335.2 | 384.5 | 410.7 | 35.6 | 397.8 | 441.5 | 395.8 | 36.4 | 360.3 | 352.7 | 374.6 | 35.9 | 342.7 | 327.6 | 347.9 | 13.5 | 307.9 | 15.1 | 18.4 | 16.6 | 16.0 | 16.8 | 17.1 | 13.8 | 13.1 | 13.5 | 17.8 | 18.3 | 17.1 | 17.4 | 20.2 | 17.2 | 17.0 | 17.2 | 18.3 | 16.6 | 16.7 | 16.3 | 17.2 | 15.5 | 14.1 | 14.4 | - | - | - | - | - | - |
Cash Conversion Cycle |
- | 238.2 | 213.2 | 228.6 | 228.7 | 196.7 | 205.8 | 219.5 | 216.2 | 221.5 | 231.5 | - | 81.2 | 115.7 | 230.1 | - | 239.6 | 284.3 | 304.1 | 35.6 | 292.8 | 325.1 | 299.3 | 36.4 | 279.7 | 274.0 | 293.8 | 35.9 | 270.6 | 258.8 | 272.7 | 13.5 | 233.1 | 15.1 | 18.4 | 16.6 | 16.0 | 16.8 | 17.1 | 13.8 | 13.1 | 13.5 | 17.8 | 18.3 | 17.1 | 17.4 | 20.2 | 17.2 | 17.0 | 17.2 | 18.3 | 16.6 | 16.7 | 16.3 | 17.2 | 15.5 | 14.1 | 14.4 | - | - | - | - | - | - |
All numbers in USD currency
Multiples are an important financial analysis tool for the company Philip Morris International , allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
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Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.
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