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Philip Morris International PM
$ 182.53 0.13%
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Quarterly report 2026-Q2
added 07-24-2026

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
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

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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