Philip Morris International Inc.

NYSE:PM Stock Report

Mkt Cap: US$159.0b

We’ve recently updated our valuation analysis.

Philip Morris International Valuation

Is PM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PM?

Other financial metrics that can be useful for relative valuation.

PM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.8x
Enterprise Value/EBITDA13.3x
PEG Ratio2.8x

Price to Earnings Ratio vs Peers

How does PM's PE Ratio compare to its peers?

The above table shows the PE ratio for PM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.8x
MO Altria Group
14.6x10.9%US$83.8b
RLX RLX Technology
10.7x-0.5%US$3.4b
UVV Universal
15.2xn/aUS$1.4b
VGR Vector Group
14.8xn/aUS$2.0b
PM Philip Morris International
18.2x6.6%US$159.0b


Price to Earnings Ratio vs Industry

How does PM's PE Ratio compare vs other companies in the Global Tobacco Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.4%
n/an/an/a


Price to Earnings Ratio vs Fair Ratio

What is PM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.2x
Fair PE Ratio26.7x

Price-To-Earnings vs Fair Ratio: PM is good value based on its Price-To-Earnings Ratio (18.2x) compared to the estimated Fair Price-To-Earnings Ratio (26.7x).


Share Price vs Fair Value

What is the Fair Price of PM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$102.59
US$108.23
+5.5%
10.2%US$130.00US$90.00n/a19
Jan ’24US$101.21
US$104.79
+3.5%
10.2%US$127.00US$86.00n/a18
Dec ’23US$102.46
US$102.66
+0.2%
9.5%US$127.00US$86.00n/a17
Nov ’23US$91.72
US$101.31
+10.5%
10.2%US$127.00US$85.00n/a17
Oct ’23US$83.01
US$109.04
+31.4%
7.1%US$127.00US$93.00n/a17
Sep ’23US$96.48
US$109.16
+13.1%
7.3%US$127.00US$93.00n/a16
Aug ’23US$98.48
US$108.79
+10.5%
7.6%US$127.00US$93.00n/a16
Jul ’23US$99.72
US$111.35
+11.7%
6.1%US$127.00US$95.00n/a16
Jun ’23US$105.76
US$110.17
+4.2%
7.6%US$129.00US$92.70n/a16
May ’23US$100.00
US$109.75
+9.7%
9.2%US$129.00US$91.00n/a17
Apr ’23US$96.78
US$108.10
+11.7%
8.8%US$122.00US$91.00n/a17
Mar ’23US$101.44
US$114.61
+13.0%
7.6%US$130.00US$88.00n/a17
Feb ’23US$103.25
US$110.43
+7.0%
8.3%US$130.00US$88.00US$105.3917
Jan ’23US$95.00
US$109.10
+14.8%
8.7%US$130.00US$88.00US$101.2118
Dec ’22US$86.87
US$110.60
+27.3%
9.1%US$130.00US$88.00US$102.4618
Nov ’22US$93.42
US$110.93
+18.7%
9.5%US$130.00US$85.00US$91.7218
Oct ’22US$96.08
US$111.09
+15.6%
9.3%US$130.00US$86.00US$83.0119
Sep ’22US$103.56
US$109.36
+5.6%
8.0%US$121.00US$86.00US$96.4818
Aug ’22US$100.09
US$109.03
+8.9%
7.8%US$121.00US$86.00US$98.4818
Jul ’22US$99.89
US$107.38
+7.5%
8.2%US$121.00US$86.00US$99.7219
Jun ’22US$96.78
US$105.81
+9.3%
7.8%US$121.00US$86.00US$105.7619
May ’22US$95.00
US$103.52
+9.0%
8.0%US$114.00US$86.00US$100.0020
Apr ’22US$88.06
US$98.72
+12.1%
8.1%US$110.00US$81.00US$96.7820
Mar ’22US$84.95
US$97.77
+15.1%
8.3%US$110.00US$81.00US$101.4420
Feb ’22US$79.06
US$92.68
+17.2%
8.3%US$110.00US$78.00US$103.2520


Discover undervalued companies