Forward PE Ratio: 22.38
The forward PE ratio is 22.38 as of Thursday, July 9, 2026.
Forward PE Ratio (22.38) = Close Price ($181.17) / Consensus Forward EPS ($8.36)
PM Forward PE Ratio Metrics
FORWARD PE RATIO
22.38
PM Competitors' Forward PE Ratio
Philip Morris International Inc.
Market Cap
$282.36B
Forward PE Ratio
22.38
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Philip Morris International Inc. (PM) | $282.36B | 22.38 |
| The Procter & Gamble Company (PG)vs › | $341.95B | 21.55 |
| The Coca-Cola Company (KO)vs › | $355.51B | 25.49 |
| PepsiCo, Inc. (PEP)vs › | $188.45B | 16.52 |
| Costco Wholesale Corporation (COST)vs › | $404.88B | 46.41 |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $153.38B | 18.03 |
| Altria Group, Inc. (MO)vs › | $119.55B | 12.81 |
| Monster Beverage Corporation (MNST)vs › | $94.43B | 41.43 |
| Mondelez International, Inc. (MDLZ)vs › | $74.84B | 19.49 |
| Colgate-Palmolive Company (CL)vs › | $72.83B | 24.45 |
Trailing vs Forward
Trailing P/E
26.3
reported TTM EPS
Forward P/E
22.4
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $8.36 implies +17.6% EPS growth vs the reported trailing $7.11.
Forward P/E by Fiscal Year
View All Analyst EstimatesAt today's $181.17 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 | $8.36 | $8.32 – $8.44 | 7 | 21.7x |
| 2027-12-31 | $9.12 | $9.01 – $9.29 | 8 | 19.9x |
| 2028-12-31 | $9.97 | $9.68 – $10.43 | 4 | 18.2x |
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.
Forward PE Ratio Formula & Definition
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
Forward PE Ratio FAQ
- What is the forward PE ratio for Philip Morris International Inc. (PM)?
- The forward PE ratio for PM stock is 22.38.
Related Metrics
About Philip Morris International Inc.
Philip Morris International Inc. functions as a prominent tobacco enterprise, actively working toward a smoke-free future. The company is strategically diversifying its long-term product range to incorporate items beyond traditional tobacco and nicotine. Its primary business involves both conventional cigarettes and an expanding array of smoke-free alternatives, such as innovative heat-not-burn devices, vapor products, and oral nicotine solutions. These offerings are distributed in markets worldwide, with the exception of the United States. The smoke-free portfolio includes brands like HEETS (encompassing Creations, Dimensions, Marlboro variants), Parliament HeatSticks, and TEREA, in addition to KT&G-licensed brands Fiit and Miix. For conventional cigarettes, the company sells internationally recognized brands such as Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris. Regionally, it also owns major cigarette brands like Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia, and Fortune and Jackpot in the Philippines. PMI's smoke-free innovations are currently available across 71 global markets. Established in 1987, Philip Morris International Inc. is headquartered in New York, New York.
- Sector
- Consumer Defensive
- Industry
- Tobacco
- CEO
- Jacek Olczak