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

PG has the lower trailing P/E: PG trades at 22.09 and PM at 27.37. 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 2.95% and PM yields 3.08% 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 8.26% and PM delivered 12.40% 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 September 13, 2026. Differences are shown without an overall score or investment verdict.

The Procter & Gamble Company

$347.60B

$146.22Consumer DefensiveDelayed quote: Sep 25, 2026, 3:59 PM EDT

Philip Morris International Inc.

$296.88B

$190.48Consumer DefensiveDelayed quote: Sep 25, 2026, 4:00 PM EDT

Total return — PG vs PM

growth of $100 · dividends reinvested · last 10y

PG +115.3% (+8.0%/yr)PM +218.6% (+12.3%/yr)PM compounded faster over this window

PG PM

PG vs PM: by the numbers

•PG is the larger company ($347.60B vs $296.88B market cap).
•PG trades at the lower trailing earnings multiple (22.09 vs 27.37 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 (3.08% vs 2.95%).

Metrics side by side

Valuation

Metric	PG	PM
P/E ratio	22.09	27.37
Forward P/E	20.96	22.75
P/S ratio	3.99	6.98
P/B ratio	6.40	N/A
EV / EBITDA	16.27	18.78
FCF yield	4.58%	4.29%

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%	N/A
ROIC	15.78%	26.30%

Dividends

Metric	PG	PM
Dividend yield	2.95%	3.08%
Payout ratio	64.81%	84.48%

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)	2.76%	18.46%

Frequently asked

Which has the lower trailing P/E, PG or PM?: PG has the lower trailing P/E: PG trades at 22.09 and PM at 27.37. 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 2.95% and PM yields 3.08% 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 8.26% and PM delivered 12.40% 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 September 13, 2026.