PM

NYSE

Philip Morris International Inc.

Consumer Staples, Tobacco

$189.57

close 7 Aug 2026

+11.30%

52-week change

$295.47B

market cap

$142.11

$207.75

52-week range

Expected price

$116.22 – $142.05

Current price

$189.57

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)27.28x

P/S (TTM)6.94x

P/B-34.42x

EV/EBITDA (TTM)18.51x

FCF yield (TTM)4.31%

PEG (TTM, GAAP)3.54

Context

P/E, own 5-year average21.75x

P/E, sector median23.35x*

Price at 5-year median P/E$128.77*

Indicated dividend yield3.10%

Forward — analyst consensus

Forward P/E (FY2026)22.62x*

Forward P/E (FY2027)20.68x

Forward PEG2.41*

Consensus EPS FY2026 (15 analysts)$8.38

EPS growth (FY2026→FY2027)9.40%

Revenue growth (FY2026)6.90%

Street view

Price target (mean)$203.80*

Target upside7.51%

Ratings (buy / hold / sell)12 / 4 / 0

FY2026 EPS revisions, 30d (up / down)0 / 9

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 24 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +2.98%10Y CAGR +4.44%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$189.57

Cash & equivalents$6.00B

Total debt$45.77B

Shares outstanding1.56B

Result

DCF price per share$132.40

Current price$189.57

Margin of safety-30.16%

PV of years 1–10$98.84B

PV of terminal value$147.30B

Equity value$206.37B

Market-implied growth+6.93%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$13.10B	$13.49B	$13.89B	$14.31B	$14.73B	$15.17B	$15.63B	$16.09B	$16.57B	$17.06B	$318.01B
PV	$12.13B	$11.57B	$11.03B	$10.52B	$10.03B	$9.56B	$9.12B	$8.69B	$8.29B	$7.90B	$147.30B

period to 30 Jun 2026, filed 24 Jul 2026, close 7 Aug 2026