PM
Philip Morris International
PE ratio, current and historical analysis
- Stocks
- Consumer Defensive
- NYSE: PM
- PE Ratio
As of Aug 6, 2026, the Philip Morris International stock's PE ratio is 27.02. This results from the current EPS of $6.96 and stock price of $188.05. The P/E ratio has grown by 7% from the past four quarters average of 25.2.
PM PE ratio history
The PE ratio of Philip Morris International has averaged 20.16 over the last ten years. The current PE ratio of 27.02 is 34% above the historical average. Over the past ten years, PM's PE ratio was at its highest in the Jun 2025 quarter at 34.49, when the stock price was $182.13 and the EPS was $5.28. 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.
Philip Morris International PE ratio by year
Maximum annual increase: 41.78% in 2024
Maximum annual decrease: -51.74% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 22.06 | -16.97% | $160.4 | $7.27 |
| 2024 | 26.57 | 41.78% | $120.35 | $4.53 |
| 2023 | 18.74 | 7.76% | $94.08 | $5.02 |
| 2022 | 17.39 | 6.69% | $101.21 | $5.82 |
| 2021 | 16.3 | 1.62% | $95 | $5.83 |
| 2020 | 16.04 | -13.11% | $82.79 | $5.16 |
| 2019 | 18.46 | 40.49% | $85.09 | $4.61 |
| 2018 | 13.14 | -51.74% | $66.76 | $5.08 |
| 2017 | 27.23 | 33.35% | $105.65 | $3.88 |
| 2016 | 20.42 | 2.66% | $91.49 | $4.48 |
| 2015 | 19.89 | 16.25% | $87.91 | $4.42 |
| 2014 | 17.11 | 3.32% | $81.45 | $4.76 |
| 2013 | 16.56 | 2.35% | $87.13 | $5.26 |
| 2012 | 16.18 | 0% | $83.64 | $5.17 |
| 2011 | 16.18 | 8.66% | $78.48 | $4.85 |
Philip Morris International PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2026 | 25.99 | 11.78% | $180.91 | $6.96 |
| Mar 2026 | 23.25 | 5.39% | $165.34 | $7.11 |
| Dec 2025 | 22.06 | -24.79% | $160.4 | $7.27 |
| Sep 2025 | 29.33 | -14.96% | $162.2 | $5.53 |
| Jun 2025 | 34.49 | 5.83% | $182.13 | $5.28 |
| Mar 2025 | 32.59 | 22.66% | $158.73 | $4.87 |
| Dec 2024 | 26.57 | 38.1% | $120.35 | $4.53 |
| Sep 2024 | 19.24 | 7.31% | $121.4 | $6.31 |
| Jun 2024 | 17.93 | 0.22% | $101.33 | $5.65 |
| Mar 2024 | 17.89 | -4.54% | $91.62 | $5.12 |
| Dec 2023 | 18.74 | 4.23% | $94.08 | $5.02 |
| Sep 2023 | 17.98 | -4.77% | $92.58 | $5.15 |
| Jun 2023 | 18.88 | 8.69% | $97.62 | $5.17 |
| Mar 2023 | 17.37 | -0.12% | $97.25 | $5.6 |
| Dec 2022 | 17.39 | 17.74% | $101.21 | $5.82 |
PM Price vs fair value
PM average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of PM is above the 3, 5 and 10-year historical averages.
PE comparison
Philip Morris International's P/E of 27.02 is above the Consumer Defensive sector average but below the industry average. Compared to its Consumer Defensive sector average of 22.87, Philip Morris International's P/E is 18% higher.
PM PE vs peers
Frequently asked questions
What is Philip Morris International's PE ratio?
PM's price to earnings ratio is 27.02 as of Aug 6, 2026.
What is the 3-year average PE ratio for Philip Morris International (PM)?
Over the last 3 years, the average price to earnings ratio for PM stock is 23.84.
What is the 5-year average PE ratio for Philip Morris International (PM)?
Over the last 5 years, the average price to earnings ratio for PM stock is 21.02.
What is the highest PE ratio for PM?
In the last ten years, the Jun 2025 quarter recorded the highest quarterly PE ratio at 34.49.
How does the current PE ratio for PM compare to its historical average?
PM's price to earnings ratio is currently 34% above its 10-year historical average.
How is PM's PE ratio calculated (Philip Morris International PE ratio formula)?
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Aug 6, 2026), Philip Morris International's stock price is $188.05. The earnings per share for the trailing twelve months (TTM) ending Jun 2026 is $6.96. Therefore, Philip Morris International's P/E ratio for today is 27.02. PE RATIO(27.02) = STOCK PRICE($188.05) / TTM EPS($6.96)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.