Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 22.50.
Forward PE Ratio (22.50) = Close Price ($188.23) / Consensus Forward EPS ($8.37)
FORWARD PE RATIO
22.50
SECTOR MEDIAN · CONSUMER DEFENSIVE
17.16
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+31.16%
vs the sector median at left
Philip Morris International Inc.
Market Cap
$293.38B
Forward PE Ratio
22.50
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Philip Morris International Inc. (PM) | $293.38B | 22.50 |
| The Procter & Gamble Company (PG)vs › | $343.93B | 21.04 |
| PepsiCo, Inc. (PEP)vs › | $195.99B | 16.77 |
| The Coca-Cola Company (KO)vs › | $391.96B | 27.56 |
| Costco Wholesale Corporation (COST)vs › | $420.30B | 46.16 |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $155.43B | 17.54 |
| British American Tobacco p.l.c. (BTI)vs › | $121.24B | 15.57 |
| Altria Group, Inc. (MO)vs › | $110.35B | 11.64 |
| Monster Beverage Corporation (MNST)vs › | $93.48B | 41.27 |
| Mondelez International, Inc. (MDLZ)vs › | $82.26B | 21.14 |
Trailing P/E
27.0
reported TTM EPS
Forward P/E
22.5
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $8.37 implies +20.3% EPS growth vs the reported trailing $6.96.
At today's $188.23 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $8.37 | $8.34 – $8.43 | 7 | 22.5x |
| 2027-12-31 | $9.13 | $9.03 – $9.27 | 9 | 20.6x |
| 2028-12-31 | $10.00 | $9.52 – $10.34 | 5 | 18.8x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
