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U.S. Tobacco Industry Analysis

UpdatedJan 01, 2026
DataAggregated Company Financials
Companies12
  • 7D1.5%
  • 3M-2.9%
  • 1Y22.3%
  • YTD20.8%

Over the last 7 days, the Tobacco industry has risen 1.5%, driven by gains from RLX Technology of 2.2%. This takes the industry's 12 month performance to a gain of 22%. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 02 Jan 2026US$6.3bUS$6.3bUS$263.7m25.7x24x1x
Sun, 30 Nov 2025US$6.5bUS$6.3bUS$261.1m21.9x24.7x1x
Tue, 28 Oct 2025US$6.2bUS$6.3bUS$190.7m30.1x32.7x1x
Thu, 25 Sep 2025US$6.6bUS$6.3bUS$190.4m32x34.9x1.1x
Sat, 23 Aug 2025US$6.3bUS$6.3bUS$189.8m33.5x33x1x
Mon, 21 Jul 2025US$5.8bUS$6.4bUS$199.8m21.2x29.2x0.9x
Wed, 18 Jun 2025US$5.8bUS$6.4bUS$199.7m21.3x29.1x0.9x
Fri, 16 May 2025US$5.3bUS$6.3bUS$207.2m18.5x25.5x0.8x
Sun, 13 Apr 2025US$4.8bUS$6.1bUS$205.5m15.8x23.1x0.8x
Tue, 11 Mar 2025US$5.8bUS$6.0bUS$194.1m16.5x30x1x
Thu, 06 Feb 2025US$5.6bUS$5.8bUS$183.1m23x30.7x1x
Sat, 04 Jan 2025US$5.6bUS$5.8bUS$182.5m22.6x30.6x1x
Mon, 02 Dec 2024US$5.4bUS$5.8bUS$183.4m23.1x29.7x0.9x
Wed, 30 Oct 2024US$4.6bUS$5.8bUS$253.4m10.1x18.3x0.8x
Fri, 27 Sep 2024US$4.6bUS$5.8bUS$256.8m10.8x18x0.8x
Sun, 25 Aug 2024US$4.8bUS$5.8bUS$255.3m11.1x18.9x0.8x
Tue, 23 Jul 2024US$4.6bUS$5.6bUS$243.6m15.2x18.9x0.8x
Thu, 20 Jun 2024US$4.5bUS$5.6bUS$243.8m13.4x18.5x0.8x
Sat, 18 May 2024US$5.2bUS$5.4bUS$220.8m12x23.4x0.9x
Mon, 15 Apr 2024US$4.8bUS$5.4bUS$220.7m10.7x21.7x0.9x
Wed, 13 Mar 2024US$5.2bUS$5.5bUS$20.5m11x251.6x0.9x
Fri, 09 Feb 2024US$5.2bUS$5.6b-US$8,202,317.8621.7x-638.3x0.9x
Sun, 07 Jan 2024US$5.7bUS$5.6b-US$29,843,066.0025.1x-191.7x1x
Tue, 05 Dec 2023US$5.9bUS$5.6b-US$29,816,322.0023.8x-196.4x1x
Thu, 02 Nov 2023US$4.6bUS$5.6bUS$54.9m27.6x84.2x0.8x
Sat, 30 Sep 2023US$4.5bUS$5.6bUS$55.0m31.9x82.7x0.8x
Mon, 28 Aug 2023US$4.5bUS$5.6bUS$53.0m33.8x84.7x0.8x
Wed, 26 Jul 2023US$4.6bUS$5.7bUS$89.6m24.3x51.5x0.8x
Fri, 23 Jun 2023US$4.9bUS$5.7bUS$91.9m29.4x53.2x0.9x
Sun, 21 May 2023US$6.0bUS$5.7bUS$58.1m36.5x102.5x1x
Tue, 18 Apr 2023US$6.5bUS$5.9bUS$194.5m16.6x33.2x1.1x
Thu, 16 Mar 2023US$6.0bUS$5.8bUS$199.8m16.3x30x1x
Sat, 11 Feb 2023US$5.3bUS$5.8bUS$321.2m10.1x16.4x0.9x
Mon, 09 Jan 2023US$6.0bUS$5.7bUS$313.1m11.2x19x1x
Price to Earnings Ratio

19x


Total Market Cap: US$6.0bTotal Earnings: US$313.1mTotal Revenue: US$5.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tobacco Industry Price to Earnings3Y Average 4.2x202420252026
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 24.0x which is higher than its 3-year average PE of 4.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.92x.
Past Earnings Growth
  • The earnings for companies in the Tobacco industry have declined 5.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.5% 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 Market-1.43%
Consumer Staples-0.67%
Tobacco1.45%
Tobacco1.45%
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
RLX RLX TechnologyUS$2.332.2%
+US$60.9m		7.9%PE26x
TPB Turning Point BrandsUS$108.400.8%
+US$15.6m		80.4%PE34.6x
ISPR Ispire TechnologyUS$2.807.7%
+US$11.5m		-44.3%PS1.4x

Latest News

RLX
US$2.33
RLX Technology
7D
2.2%
1Y
7.9%

RLX: Stable Margins And Faster Revenue Will Drive Shares Higher

Analysts have slightly raised their price target on RLX Technology, reflecting marginally faster expected revenue growth, a modest reduction in discount rates, and a minor adjustment to future earnings multiples, while profit margin forecasts remain broadly stable. Valuation Changes Fair Value: Unchanged at $2.61 per share, indicating no material revision to the intrinsic value estimate.
UVV
US$52.75
Universal
7D
-0.9%
1Y
-3.8%

UVV Stable Risk Profile And Margins Should Support Future Share Upside

Analysts have nudged their price target for Universal slightly higher to approximately $78.00, reflecting modestly lower perceived risk and a marginally stronger long term earnings outlook, despite only incremental tweaks to core valuation assumptions. What's in the News Updated buyback disclosure confirms that from July 1, 2025 to September 30, 2025, Universal repurchased 0 shares for $0 million, leaving the November 7, 2024 authorization effectively unused to date (company filing).
TPB
US$108.40
Turning Point Brands
7D
0.8%
1Y
80.4%
PM
US$160.40
Philip Morris International
7D
-1.4%
1Y
33.3%

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$57.66
Altria Group
7D
-2.2%
1Y
10.3%

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.
ISPR
US$2.80
Ispire Technology
7D
7.7%
1Y
-44.3%
XXII
US$0.77
22nd Century Group
7D
-11.2%
1Y
-99.4%