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

PG has the lower trailing P/E: PG trades at 22.12 and PM at 26.72. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, PG or PM?

Over the past five years, PM grew revenue faster — PG at a 2.72% CAGR versus PM at 7.19%.

Does PG or PM pay a bigger dividend?

PG yields 2.93% and PM yields 3.16% based on trailing dividends and the latest price.

Is PG or PM more profitable?

PM runs the higher net margin — PG at 18.44% versus PM at 25.56%.

How have PG and PM total returns compared?

Over the past 10 years, PG delivered 8.35% and PM delivered 11.92% annualized total return. Past performance doesn't predict future results.

The Procter & Gamble Company (PG) vs Philip Morris International Inc. (PM)

A side-by-side comparison of The Procter & Gamble Company and Philip Morris International Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 11, 2026. Differences are shown without an overall score or investment verdict.

The Procter & Gamble Company

$345.18B

$145.21Consumer DefensiveDelayed quote: Aug 11, 2026, 3:59 PM EDT

Philip Morris International Inc.

$290.24B

$186.22Consumer DefensiveDelayed quote: Aug 11, 2026, 4:00 PM EDT

Total return — PG vs PM

growth of $100 · dividends reinvested · last 10y

PG +123.7% (+8.4%/yr)PM +207.5% (+11.9%/yr)PM compounded faster over this window

PG PM

PG vs PM: by the numbers

•PG is the larger company ($345.18B vs $290.24B market cap).
•PG trades at the lower trailing earnings multiple (22.12 vs 26.72 P/E), one valuation lens rather than an overall verdict.
•PM converts more revenue to profit (25.56% vs 18.44% net margin).
•PM grew revenue faster over the past five years (7.19% vs 2.72% CAGR).
•PM pays the higher dividend yield (3.16% vs 2.93%).

Metrics side by side

Valuation

Metric	PG	PM
P/E ratio	22.12	26.72
Forward P/E	21.30	22.23
P/S ratio	4.08	6.83
P/B ratio	6.53	N/A
EV / EBITDA	16.58	18.43
FCF yield	4.49%	4.38%

Profitability

Metric	PG	PM
Gross margin	50.18%	67.51%
Operating margin	22.69%	37.75%
Net margin	18.44%	25.56%
ROE	29.54%	-113.55%
ROIC	15.78%	25.56%

Dividends

Metric	PG	PM
Dividend yield	2.93%	3.16%
Payout ratio	63.56%	80.88%

Growth (annualized)

Metric	PG	PM
Revenue CAGR (5Y)	2.72%	7.19%
EPS CAGR (5Y)	3.48%	7.10%
FCF CAGR (5Y)	0.42%	4.43%
Total return CAGR (5Y)	3.20%	18.68%

Frequently asked

Which has the lower trailing P/E, PG or PM?: PG has the lower trailing P/E: PG trades at 22.12 and PM at 26.72. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, PG or PM?: Over the past five years, PM grew revenue faster — PG at a 2.72% CAGR versus PM at 7.19%.
Does PG or PM pay a bigger dividend?: PG yields 2.93% and PM yields 3.16% based on trailing dividends and the latest price.
Is PG or PM more profitable?: PM runs the higher net margin — PG at 18.44% versus PM at 25.56%.
How have PG and PM total returns compared?: Over the past 10 years, PG delivered 8.35% and PM delivered 11.92% annualized total return. Past performance doesn't predict future results.

Go deeper

Full PG analysis Full PM analysis Interactive comparison tool

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 11, 2026.