Which has the lower trailing P/E, BTI or PM?

BTI has the lower trailing P/E: BTI trades at 9.59 and PM at 27.04. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, BTI or PM?

Over the past five years, PM grew revenue faster — BTI at a -3.08% CAGR versus PM at 7.19%.

Does BTI or PM pay a bigger dividend?

BTI yields 5.76% and PM yields 3.12% based on trailing dividends and the latest price.

Is BTI or PM more profitable?

PM runs the higher net margin — BTI at 20.62% versus PM at 25.56%.

How have BTI and PM total returns compared?

Over the past 10 years, BTI delivered 5.54% and PM delivered 11.96% annualized total return. Past performance doesn't predict future results.

British American Tobacco p.l.c. (BTI) vs Philip Morris International Inc. (PM)

A side-by-side comparison of British American Tobacco p.l.c. and Philip Morris International Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 23, 2026. Differences are shown without an overall score or investment verdict.

BTI

British American Tobacco p.l.c.

$121.24B

$56.21Consumer DefensiveAt close: Aug 21, 2026, 4:00 PM ET

Philip Morris International Inc.

$293.38B

$188.23Consumer DefensiveAt close: Aug 21, 2026, 4:00 PM ET

Total return — BTI vs PM

growth of $100 · dividends reinvested · last 10y

BTI +71.8% (+5.6%/yr)PM +208.3% (+11.9%/yr)PM compounded faster over this window

BTI PM

BTI vs PM: by the numbers

•PM is the larger company ($293.38B vs $121.24B market cap).
•BTI trades at the lower trailing earnings multiple (9.59 vs 27.04 P/E), one valuation lens rather than an overall verdict.
•PM converts more revenue to profit (25.56% vs 20.62% net margin).
•PM grew revenue faster over the past five years (7.19% vs -3.08% CAGR).
•BTI pays the higher dividend yield (5.76% vs 3.12%).

Metrics side by side

Valuation

Metric	BTI	PM
P/E ratio	9.59	27.04
Forward P/E	15.57	22.50
P/S ratio	1.80	6.91
P/B ratio	1.91	N/A
EV / EBITDA	6.77	18.63
FCF yield	15.70%	4.33%

Profitability

Metric	BTI	PM
Gross margin	83.50%	67.51%
Operating margin	39.04%	37.75%
Net margin	20.62%	25.56%
ROE	6.94%	-113.55%
ROIC	8.04%	26.30%

Dividends

Metric	BTI	PM
Dividend yield	5.76%	3.12%
Payout ratio	68.53%	80.88%

Growth (annualized)

Metric	BTI	PM
Revenue CAGR (5Y)	-3.08%	7.19%
EPS CAGR (5Y)	4.31%	7.10%
FCF CAGR (5Y)	-9.26%	4.43%
Total return CAGR (5Y)	17.25%	18.61%

Frequently asked

Which has the lower trailing P/E, BTI or PM?: BTI has the lower trailing P/E: BTI trades at 9.59 and PM at 27.04. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, BTI or PM?: Over the past five years, PM grew revenue faster — BTI at a -3.08% CAGR versus PM at 7.19%.
Does BTI or PM pay a bigger dividend?: BTI yields 5.76% and PM yields 3.12% based on trailing dividends and the latest price.
Is BTI or PM more profitable?: PM runs the higher net margin — BTI at 20.62% versus PM at 25.56%.
How have BTI and PM total returns compared?: Over the past 10 years, BTI delivered 5.54% and PM delivered 11.96% annualized total return. Past performance doesn't predict future results.

Go deeper

Full BTI analysis Full PM analysis Interactive comparison tool

Dig into the metrics

British American Tobacco p.l.c. P/E ratio Philip Morris International P/E ratio British American Tobacco p.l.c. dividend yield Philip Morris International dividend yield British American Tobacco p.l.c. ROE Philip Morris International ROE British American Tobacco p.l.c. operating margin Philip Morris International operating margin British American Tobacco p.l.c. revenue growth Philip Morris International revenue growth British American Tobacco p.l.c. free cash flow Philip Morris International free cash flow

British American Tobacco p.l.c. & Philip Morris International appear in these rankings

Highest Dividend Yield Stocks Highest ROIC Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 23, 2026.