Philip Morris
PM
#68
Rank
A$309.25 B
Marketcap
$198.90
Share price
0.08%
Change (1 day)
40.43%
Change (1 year)
Categories

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 December 2024 (TTM): 24.5

According to Philip Morris's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.4738. 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
202217.46.72%
202116.31.76%
202016.0-13.05%
201918.440.15%
201813.1-51.86%
201727.333.68%
201620.42.68%
201519.916.23%
201417.13.3%
201316.62.59%
201216.1-0.21%
201116.28.65%
201014.90.75%
200914.812.79%
200813.1

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
11.0-54.95%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡ฌ๐Ÿ‡ง UK
13.8-43.81%๐Ÿ‡บ๐Ÿ‡ธ USA
-0.8245-103.37%๐Ÿ‡บ๐Ÿ‡ธ USA

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.