US · USD
MO
Altria Group
- Day's range
- $66.43 – $67.50
- Day's volume
- $176.6M
- 52-week range
- $52.19 – $73.74
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See how MO weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountMO in numbers
- Market cap
- $111.7B
- P/E
- 14.01
- P/B
- -41.88
- Dividend yield (12m)
- 6.41%
- Net debt/EBITDA
- 1.98
The 12-month dividend yield of MO is 6.41%, below its 5-year average of 7.89%.
MO price history
MO risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +26.61% | +107.88% | +122.57% |
| Volatility (annualized) | 19.39% | 19.71% | 22.05% |
| Largest drawdown | -5.59% | -14.76% | -24.26% |
| Positive months | 7/12 | 22/36 | 36/60 |
How much did investing in MO return?
$1,000.00 invested on 10/01/2021 would be worth $2,227.50 today.
- Value today in MO
- $2,227.50
- Return over the period
- +122.75%
- Return per year
- +17.37%
- In the S&P 500
- $1,666.14
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
MO fundamentals
Valuation
- P/E14.01
- P/B-41.88
- EV/EBITDA11.94
- EV/EBIT12.20
- EV/Revenue5.71
- P/EBIT10.18
- P/S4.76
- P/OCF11.87
- P/FCF12.25
- Earnings yield8.20%
- PEG ratio—
- Earnings per share$4.77
- Book value per share-$1.60
Debt
- Net debt$22.2B
- Net debt/EBITDA1.98
- Net debt/Equity-8.32
- Debt/Equity-9.21
- Current ratio0.52
- Quick ratio0.38
- Cash ratio0.30
Efficiency
- Gross margin62.96%
- EBITDA margin47.79%
- Operating margin46.78%
- Net margin33.99%
- Asset turnover0.70
Profitability
- ROE-298.84%
- ROA23.89%
- ROIC43.15%
- Payout89.84%
Growth
- Revenue CAGR (5 years)-2.34%
- Earnings CAGR (5 years)11.90%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is MO's fair price?
Two classic value formulas, with today's numbers. The current price is $66.92.
- Graham's fair price
- —
- Does not apply to MO: the formula needs positive earnings and book value.
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- $63.33
- 5.35% below the price
$3.80 (5-year average) ÷ 6%
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
MO's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 13.88 | 7.85 | 8.75 | 14.16 | 34.80 | 17.06 | -71.73 | 13.30 |
| P/B | -27.53 | -39.50 | -20.10 | -20.54 | -53.62 | 26.84 | 14.91 | 6.26 |
| EV/EBITDA | 11.57 | 9.56 | 7.93 | 8.59 | 9.29 | 9.05 | 11.25 | 12.52 |
| Dividend yield | 7.15% | 7.57% | 9.42% | 7.96% | 7.34% | 8.24% | 6.49% | 5.79% |
| Earnings per share | $4.16 | $6.66 | $4.61 | $3.23 | $1.36 | $2.40 | -$0.70 | $3.71 |
| Book value per share | -$2.09 | -$1.32 | -$2.01 | -$2.23 | -$0.88 | $1.53 | $3.35 | $7.89 |
| ROE | -198.37% | -503.31% | -229.66% | -145.08% | -154.11% | 157.34% | -20.78% | 47.09% |
| ROIC | 41.30% | 47.39% | 45.20% | 49.78% | 34.17% | 25.69% | 0.00% | 17.34% |
| Gross margin | 62.47% | 59.82% | 58.34% | 56.77% | 53.79% | 49.80% | 50.62% | 48.31% |
| EBITDA margin | 43.67% | 47.99% | 48.27% | 48.39% | 45.38% | 42.56% | 42.02% | 36.83% |
| Net margin | 29.84% | 46.90% | 33.21% | 22.97% | 9.51% | 17.08% | -5.15% | 27.45% |
| Net debt/EBITDA | 2.09 | 1.89 | 1.91 | 1.86 | 1.99 | 2.20 | 2.46 | 2.61 |
MO's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $23.3B | $24B | $24.5B | $25.1B | $26B | $26.2B |
| Cost of revenue | -$5.6B | -$6.1B | -$6.2B | -$6.4B | -$7.1B | -$7.8B |
| Gross profit | $14.5B | $14.4B | $14.3B | $14.2B | $14B | $13B |
| EBITDA | $10.2B | $11.5B | $11.8B | $12.1B | $11.8B | $11.1B |
| EBIT | $9.9B | $11.2B | $11.5B | $11.9B | $11.6B | $10.9B |
| Financial result | — | — | — | — | — | — |
| Income before tax | $9.4B | $13.7B | $10.9B | $7.4B | $3.8B | $6.9B |
| Income tax | -$2.4B | -$2.4B | -$2.8B | -$1.6B | -$1.3B | -$2.4B |
| Net income | $6.9B | $11.3B | $8.1B | $5.8B | $2.5B | $4.5B |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does MO pay dividends?
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 09/14/2026 | 10/09/2026 | $1.11 |
Dividend yield per year
- 3.49%2017
- 5.79%2018
- 6.49%2019
- 8.24%2020
- 7.34%2021
- 7.96%2022
- 9.42%2023
- 7.57%2024
- 7.15%2025
- 4.76%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 06/12/2026 | 07/10/2026 | $1.06 |
| Dividend | 03/24/2026 | 04/30/2026 | $1.06 |
| Dividend | 12/25/2025 | 01/09/2026 | $1.06 |
| Dividend | 09/12/2025 | 10/10/2025 | $1.06 |
| Dividend | 06/13/2025 | 07/10/2025 | $1.02 |
| Dividend | 03/24/2025 | 04/30/2025 | $1.02 |
| Dividend | 12/25/2024 | 01/10/2025 | $1.02 |
| Dividend | 09/13/2024 | 10/10/2024 | $1.02 |
| Dividend | 06/13/2024 | 07/10/2024 | $0.98 |
| Dividend | 03/21/2024 | 04/30/2024 | $0.98 |
| Dividend | 12/19/2023 | 01/10/2024 | $0.98 |
| Dividend | 09/13/2023 | 10/10/2023 | $0.98 |
See all 39 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 06/13/2023 | 07/10/2023 | $0.94 |
| Dividend | 03/22/2023 | 04/28/2023 | $0.94 |
| Dividend | 12/20/2022 | 01/10/2023 | $0.94 |
| Dividend | 09/13/2022 | 10/11/2022 | $0.94 |
| Dividend | 06/13/2022 | 07/11/2022 | $0.90 |
| Dividend | 03/23/2022 | 04/29/2022 | $0.90 |
| Dividend | 12/21/2021 | 01/10/2022 | $0.90 |
| Dividend | 09/13/2021 | 10/12/2021 | $0.90 |
| Dividend | 06/11/2021 | 07/09/2021 | $0.86 |
| Dividend | 03/23/2021 | 04/30/2021 | $0.86 |
| Dividend | 12/23/2020 | 01/11/2021 | $0.86 |
| Dividend | 09/11/2020 | 10/09/2020 | $0.86 |
| Dividend | 06/11/2020 | 07/10/2020 | $0.84 |
| Dividend | 03/23/2020 | 04/30/2020 | $0.84 |
| Dividend | 12/23/2019 | 01/10/2020 | $0.84 |
| Dividend | 09/12/2019 | 10/10/2019 | $0.84 |
| Dividend | 06/12/2019 | 07/10/2019 | $0.80 |
| Dividend | 03/21/2019 | 04/30/2019 | $0.80 |
| Dividend | 12/21/2018 | 01/10/2019 | $0.80 |
| Dividend | 09/12/2018 | 10/10/2018 | $0.80 |
| Dividend | 06/13/2018 | 07/10/2018 | $0.70 |
| Dividend | 03/13/2018 | 04/10/2018 | $0.70 |
| Dividend | 12/19/2017 | 01/10/2018 | $0.66 |
| Dividend | 09/13/2017 | 10/10/2017 | $0.66 |
| Dividend | 06/12/2017 | 07/10/2017 | $0.61 |
| Dividend | 03/10/2017 | 04/10/2017 | $0.61 |
| Dividend | 12/19/2016 | 01/10/2017 | $0.61 |
About Altria Group
- Sector
- Manufacturing
Questions about MO
How much is MO today?
MO is at $66.92 (-0.63% on the day), last traded on 10/01/2026.
How much did MO pay in dividends in 2025?
MO paid $4.12 per share in 2025, a dividend yield of 7.15%.
When is the next MO dividend?
The next announced payment is $1.11 per share on 10/09/2026.
What are the P/E and P/B of MO?
MO trades at a P/E of 14.01 and a P/B of -41.88.
How much did MO return in 12 months?
MO returned 26.61% in 12 months, with annualized volatility of 19.39% and a largest drawdown of -5.59%.