US · USD
PM
Philip Morris International Inc
- Day's range
- $190.82 – $195.22
- Day's volume
- $808.1M
- 52-week range
- $140.59 – $200.17
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Create a free accountPM in numbers
- Market cap
- $297.4B
- P/E
- 26.84
- P/B
- -34.00
- Dividend yield (12m)
- 3.14%
- Net debt/EBITDA
- -0.15
The 12-month dividend yield of PM is 3.14%, below its 5-year average of 4.66%.
PM price history
PM risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +22.34% | +131.94% | +152.09% |
| Volatility (annualized) | 23.93% | 22.72% | 23.11% |
| Largest drawdown | -10.86% | -20.01% | -20.01% |
| Positive months | 8/12 | 25/36 | 37/60 |
How much did investing in PM return?
$1,000.00 invested on 10/01/2021 would be worth $2,471.28 today.
- Value today in PM
- $2,471.28
- Return over the period
- +147.13%
- Return per year
- +19.84%
- In the S&P 500
- $1,660.09
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
PM fundamentals
Valuation
- P/E26.84
- P/B-34.00
- EV/EBITDA16.28
- EV/EBIT18.35
- EV/Revenue6.93
- P/EBIT18.52
- P/S6.99
- P/OCF20.85
- P/FCF23.38
- Earnings yield5.45%
- PEG ratio—
- Earnings per share$6.98
- Book value per share-$5.51
Debt
- Net debt-$2.7B
- Net debt/EBITDA-0.15
- Net debt/Equity0.31
- Debt/Equity-0.39
- Current ratio0.98
- Quick ratio0.55
- Cash ratio0.23
Efficiency
- Gross margin67.51%
- EBITDA margin42.56%
- Operating margin37.75%
- Net margin25.56%
- Asset turnover0.62
Profitability
- ROE-126.69%
- ROA15.93%
- ROIC—
- Payout84.28%
Growth
- Revenue CAGR (5 years)7.19%
- Earnings CAGR (5 years)4.15%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is PM's fair price?
Two classic value formulas, with today's numbers. The current price is $187.24.
- Graham's fair price
- —
- Does not apply to PM: 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
- $85.83
- 54.16% below the price
$5.15 (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.
PM'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 | 22.00 | 26.52 | 18.69 | 17.34 | 16.16 | 16.01 | 18.43 | 13.12 |
| P/B | -24.98 | -15.93 | -13.01 | -17.52 | -14.57 | -10.26 | -11.44 | -8.33 |
| EV/EBITDA | 14.51 | 12.05 | 11.19 | 11.96 | 10.23 | 9.64 | 10.95 | 7.92 |
| Dividend yield | 3.44% | 4.36% | 5.43% | 4.96% | 5.11% | 5.69% | 5.39% | 6.62% |
| Earnings per share | $7.29 | $4.54 | $5.03 | $5.84 | $5.88 | $5.17 | $4.62 | $5.09 |
| Book value per share | -$6.42 | -$7.56 | -$7.23 | -$5.78 | -$6.52 | -$8.07 | -$7.44 | -$8.01 |
| ROE | -113.55% | -60.06% | -69.60% | -101.02% | -90.13% | -64.10% | -62.06% | -63.50% |
| Gross margin | 67.12% | 64.81% | 63.35% | 64.10% | 68.06% | 66.65% | 64.73% | 63.69% |
| EBITDA margin | 41.55% | 40.10% | 36.83% | 41.95% | 44.49% | 44.08% | 38.57% | 41.74% |
| Net margin | 27.92% | 18.63% | 22.21% | 28.49% | 29.00% | 28.08% | 24.11% | 26.70% |
| Net debt/EBITDA | -0.28 | -0.27 | -0.08 | 0.18 | -0.31 | -0.56 | -0.57 | -0.47 |
PM's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $40.6B | $37.9B | $35.2B | $31.8B | $31.4B | $28.7B |
| Cost of revenue | -$13.4B | -$13.3B | -$12.9B | -$11.4B | -$10B | -$9.6B |
| Gross profit | $27.3B | $24.5B | $22.3B | $20.4B | $21.4B | $19.1B |
| EBITDA | $16.9B | $15.2B | $13B | $13.3B | $14B | $12.6B |
| EBIT | $14.9B | $13.4B | $11.6B | $12.2B | $13B | $11.7B |
| Financial result | — | — | — | — | — | — |
| Income before tax | $13.9B | $12.2B | $10.5B | $11.6B | $12.2B | $11B |
| Income tax | -$2.7B | -$3B | -$2.3B | -$2.2B | -$2.7B | -$2.4B |
| Net income | $11.3B | $7.1B | $7.8B | $9B | $9.1B | $8.1B |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does PM pay dividends?
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 10/01/2026 | 10/26/2026 | $1.60 |
Dividend yield per year
- 3.97%2017
- 6.62%2018
- 5.39%2019
- 5.69%2020
- 5.11%2021
- 4.96%2022
- 5.43%2023
- 4.36%2024
- 3.44%2025
- 2.31%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 06/24/2026 | 07/20/2026 | $1.47 |
| Dividend | 03/18/2026 | 04/13/2026 | $1.47 |
| Dividend | 12/25/2025 | 01/14/2026 | $1.47 |
| Dividend | 10/02/2025 | 10/20/2025 | $1.47 |
| Dividend | 06/26/2025 | 07/15/2025 | $1.35 |
| Dividend | 03/19/2025 | 04/10/2025 | $1.35 |
| Dividend | 12/25/2024 | 01/13/2025 | $1.35 |
| Dividend | 09/25/2024 | 10/10/2024 | $1.35 |
| Dividend | 06/20/2024 | 07/08/2024 | $1.30 |
| Dividend | 03/19/2024 | 04/09/2024 | $1.30 |
| Dividend | 12/19/2023 | 01/10/2024 | $1.30 |
| Dividend | 09/25/2023 | 10/12/2023 | $1.30 |
See all 39 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 06/21/2023 | 07/11/2023 | $1.27 |
| Dividend | 03/21/2023 | 04/11/2023 | $1.27 |
| Dividend | 12/20/2022 | 01/11/2023 | $1.27 |
| Dividend | 09/26/2022 | 10/12/2022 | $1.27 |
| Dividend | 06/29/2022 | 07/15/2022 | $1.25 |
| Dividend | 03/22/2022 | 04/12/2022 | $1.25 |
| Dividend | 12/21/2021 | 01/10/2022 | $1.25 |
| Dividend | 09/27/2021 | 10/14/2021 | $1.25 |
| Dividend | 06/23/2021 | 07/12/2021 | $1.20 |
| Dividend | 03/18/2021 | 04/09/2021 | $1.20 |
| Dividend | 12/21/2020 | 01/11/2021 | $1.20 |
| Dividend | 09/22/2020 | 10/13/2020 | $1.20 |
| Dividend | 06/18/2020 | 07/10/2020 | $1.17 |
| Dividend | 03/19/2020 | 04/09/2020 | $1.17 |
| Dividend | 12/17/2019 | 01/10/2020 | $1.17 |
| Dividend | 09/23/2019 | 10/11/2019 | $1.17 |
| Dividend | 06/19/2019 | 07/10/2019 | $1.14 |
| Dividend | 03/22/2019 | 04/11/2019 | $1.14 |
| Dividend | 12/18/2018 | 01/11/2019 | $1.14 |
| Dividend | 09/24/2018 | 10/12/2018 | $1.14 |
| Dividend | 06/20/2018 | 07/11/2018 | $1.14 |
| Dividend | 03/20/2018 | 04/11/2018 | $1.07 |
| Dividend | 12/19/2017 | 01/11/2018 | $1.07 |
| Dividend | 09/25/2017 | 10/12/2017 | $1.07 |
| Dividend | 06/20/2017 | 07/11/2017 | $1.04 |
| Dividend | 03/20/2017 | 04/11/2017 | $1.04 |
| Dividend | 12/19/2016 | 01/10/2017 | $1.04 |
About Philip Morris International
- Sector
- Manufacturing
Questions about PM
How much is PM today?
PM is at $187.24 (-3.44% on the day), last traded on 10/01/2026.
How much did PM pay in dividends in 2025?
PM paid $5.52 per share in 2025, a dividend yield of 3.44%.
When is the next PM dividend?
The next announced payment is $1.60 per share on 10/26/2026.
What are the P/E and P/B of PM?
PM trades at a P/E of 26.84 and a P/B of -34.00.
How much did PM return in 12 months?
PM returned 22.34% in 12 months, with annualized volatility of 23.93% and a largest drawdown of -10.86%.