As of May 2, 2024, the Philip Morris International stock's PE ratio is 19.01. This results from the current EPS of $5.12 and stock price of $97.31. The P/E ratio has grown by 3.5% from the past four quarters average of 18.4.
The PE ratio of Philip Morris International has averaged 18.57 over the last ten years. The current PE ratio of 19.01 is 2.4% above the historical average. Over the past ten years, PM's PE ratio was at its highest in the Dec 2017 quarter at 27.23, when the stock price was $105.65 and the EPS was $3.88. The lowest value was in the Dec 2018 quarter, when it reached 13.14 with a price of $66.76 and an EPS of $5.08.
Maximum annual increase: 40.49% in 2019
Maximum annual decrease: -51.74% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 18.74 | 7.76% |
| 2022 | 17.39 | 6.69% |
| 2021 | 16.3 | 1.62% |
| 2020 | 16.04 | -13.11% |
| 2019 | 18.46 | 40.49% |
| 2018 | 13.14 | -51.74% |
| 2017 | 27.23 | 33.35% |
| 2016 | 20.42 | 2.66% |
| 2015 | 19.89 | 16.25% |
| 2014 | 17.11 | 3.32% |
The current PE ratio of PM is above the 3, 5 and 10-year historical averages.
Compared to its peer stocks MO and VGR, PM's PE ratio stands higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| VGR Vector Group Ltd | 8.01 | $1.48B |
| MO Altria Group Inc | 9.18 | $75.54B |
| PM Philip Morris International Inc | 19.01 | $151.27B |
| XXII 22nd Century Group Inc | N/A | $5.85M |
PM's price to earnings ratio is 19.01 as of May 2, 2024.
Over the last 3 years, the average price to earnings ratio for PM stock is 17.2.
Over the last 5 years, the average price to earnings ratio for PM stock is 16.67.
In the last ten years, the Dec 2017 quarter recorded the highest quarterly PE ratio at 27.23.
PM's price to earnings ratio is currently 2.4% above its 10-year historical average.
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (May 2, 2024), Philip Morris International's stock price is $97.31. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $5.12. Therefore, Philip Morris International's P/E ratio for today is 19.01. PE RATIO(19.01) = STOCK PRICE($97.31) / TTM EPS($5.12)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.