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U.S. Tobacco Industry Analysis

UpdatedDec 23, 2025
DataAggregated Company Financials
Companies12
  • 7D-3.5%
  • 3M-4.2%
  • 1Y25.8%
  • YTD18.9%

Over the last 7 days, the Tobacco industry has dropped 3.5%, driven by Altria Group declining 0.8%. This takes the industry's 12 month performance to a gain of 26%. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

Has the U.S. Tobacco Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025US$6.3bUS$6.3bUS$263.2m23.7x23.9x1x
Fri, 21 Nov 2025US$6.5bUS$6.3bUS$258.9m28.9x25.1x1x
Sun, 19 Oct 2025US$6.2bUS$6.3bUS$190.4m30.3x32.7x1x
Tue, 16 Sep 2025US$6.8bUS$6.3bUS$202.3m33.7x33.7x1.1x
Thu, 14 Aug 2025US$6.1bUS$6.3bUS$189.2m29.3x32.4x1x
Sat, 12 Jul 2025US$5.8bUS$6.4bUS$199.8m20.7x29.1x0.9x
Mon, 09 Jun 2025US$5.8bUS$6.3bUS$195.7m21.6x29.5x0.9x
Wed, 07 May 2025US$5.1bUS$6.3bUS$211.1m17.9x24.3x0.8x
Fri, 04 Apr 2025US$5.1bUS$6.1bUS$205.6m16.5x24.7x0.8x
Sun, 02 Mar 2025US$6.1bUS$6.1bUS$194.0m18.8x31.6x1x
Tue, 28 Jan 2025US$5.4bUS$5.8bUS$183.3m22.6x29.2x0.9x
Thu, 26 Dec 2024US$5.3bUS$5.8bUS$182.8m22x29.2x0.9x
Sat, 23 Nov 2024US$5.2bUS$5.8bUS$184.7m23.3x27.9x0.9x
Mon, 21 Oct 2024US$4.6bUS$5.8bUS$253.8m11x18x0.8x
Wed, 18 Sep 2024US$4.6bUS$5.8bUS$255.7m11.4x17.9x0.8x
Fri, 16 Aug 2024US$4.5bUS$5.8bUS$265.3m11.5x16.8x0.8x
Sun, 14 Jul 2024US$4.7bUS$5.6bUS$243.9m14.9x19.1x0.8x
Tue, 11 Jun 2024US$4.6bUS$5.6bUS$243.9m13x18.8x0.8x
Thu, 09 May 2024US$4.9bUS$5.4bUS$224.4m11.8x21.7x0.9x
Sat, 06 Apr 2024US$4.9bUS$5.4bUS$220.8m10.7x22.3x0.9x
Mon, 04 Mar 2024US$5.3bUS$5.5bUS$20.5m10.5x256.2x1x
Wed, 31 Jan 2024US$5.3bUS$5.6b-US$19,702,981.0024.6x-270.8x1x
Fri, 29 Dec 2023US$5.9bUS$5.6b-US$29,790,511.0026.1x-198.3x1x
Sun, 26 Nov 2023US$6.0bUS$5.6b-US$29,860,889.0022.4x-200.3x1.1x
Tue, 24 Oct 2023US$4.5bUS$5.6bUS$54.9m29.3x81.7x0.8x
Thu, 21 Sep 2023US$4.5bUS$5.6bUS$55.1m33.1x82x0.8x
Sat, 19 Aug 2023US$4.5bUS$5.9bUS$88.5m24.1x51x0.8x
Mon, 17 Jul 2023US$4.9bUS$5.7bUS$90.9m27.5x53.7x0.9x
Wed, 14 Jun 2023US$5.0bUS$5.7bUS$92.2m29.6x54.8x0.9x
Fri, 12 May 2023US$6.0bUS$5.9bUS$175.3m17.5x34.3x1x
Sun, 09 Apr 2023US$6.7bUS$5.9bUS$194.8m17.2x34.6x1.1x
Tue, 07 Mar 2023US$5.8bUS$6.0bUS$315.6m12.6x18.3x1x
Thu, 02 Feb 2023US$5.9bUS$5.7bUS$317.5m11.4x18.5x1x
Sat, 31 Dec 2022US$5.6bUS$5.7bUS$310.3m10.7x18.1x1x
Price to Earnings Ratio

18.1x


Total Market Cap: US$5.6bTotal Earnings: US$310.3mTotal Revenue: US$5.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tobacco Industry Price to Earnings3Y Average 4.1x202320242025
Current Industry PE
  • Investors are optimistic on the American Tobacco industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 24.2x which is higher than its 3-year average PE of 4.1x.
  • The 3-year average PS ratio of 0.92x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Tobacco industry have declined 5.1% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.S. Consumer Staples industry?

US Market0.99%
Consumer Staples-1.76%
Tobacco-3.52%
Tobacco-3.52%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PM Philip Morris InternationalUS$162.062.6%
+US$6.4b		31.9%PE29.3x

Latest News

TPB
US$107.00
Turning Point Brands
7D
-3.5%
1Y
81.4%
PM
US$162.06
Philip Morris International
7D
2.6%
1Y
31.9%

PM: Recent Pullback Will Offer Bullish Entry As Earnings Guidance Will Hold

Analysts have modestly increased their price target on Philip Morris International by $0.00 to reflect slightly lower discount rate assumptions, broadly stable growth and margin forecasts, and their view that the recent share pullback is an overreaction that offers an attractive entry point for investors. Analyst Commentary Bullish Takeaways Bullish analysts argue that the share price pullback is disconnected from fundamentals, given better than expected Q3 organic sales, margin expansion, and EPS growth, supporting a more attractive risk reward valuation.
MO
US$58.75
Altria Group
7D
-1.0%
1Y
9.9%

MO: Future Returns Will Depend On Combustible Volume Pressures

Altria Group's updated analyst price target has been trimmed modestly to reflect a slightly lower fair value and higher discount rate, as analysts factor in mixed Q3 results with accelerated Marlboro volume declines and share losses in oral tobacco, partly offset by improving revenue trends and resilient profit margins. Analyst Commentary Bearish analysts have tempered their outlook on Altria following its latest quarterly update, trimming price targets to reflect softer growth expectations and execution risk in the core combustible and oral tobacco franchises.
RLX
US$2.29
RLX Technology
7D
-3.4%
1Y
14.5%

RLX: Higher Margins Will Offset Softer Revenue Outlook Going Forward

Analysts have raised their price target on RLX Technology from approximately 2.34 dollars to 2.61 dollars, citing expectations for stronger profit margins that more than offset slightly slower projected revenue growth and a marginally higher discount rate. Valuation Changes Fair Value: increased moderately from 2.34 dollars to 2.61 dollars per share, reflecting higher estimated intrinsic value.
UVV
US$53.04
Universal
7D
-2.7%
1Y
-3.2%

UVV: Stable Margins And Buyback Capacity Should Support Future Upside Potential

Analysts have modestly adjusted their price target on Universal, nudging it to 78.00 dollars. Slightly lower discount rate assumptions and a marginally reduced future P/E multiple offset otherwise steady growth and margin expectations.
ISPR
US$2.70
Ispire Technology
7D
-8.5%
1Y
-52.9%
XXII
US$0.87
22nd Century Group
7D
-11.0%
1Y
-99.3%