Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 22.23.
Forward PE Ratio (22.23) = Close Price ($185.56) / Consensus Forward EPS ($8.37)
FORWARD PE RATIO
22.23
SECTOR MEDIAN · CONSUMER DEFENSIVE
17.67
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+25.81%
vs the sector median at left
Philip Morris International Inc.
Market Cap
$289.22B
Forward PE Ratio
22.23
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Philip Morris International Inc. (PM) | $289.22B | 22.23 |
| The Procter & Gamble Company (PG)vs › | $342.54B | 21.12 |
| The Coca-Cola Company (KO)vs › | $372.43B | 26.16 |
| PepsiCo, Inc. (PEP)vs › | $187.47B | 16.10 |
| Costco Wholesale Corporation (COST)vs › | $419.46B | 45.97 |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $155.48B | 18.13 |
| Altria Group, Inc. (MO)vs › | $108.15B | 11.55 |
| Monster Beverage Corporation (MNST)vs › | $88.95B | 19.86 |
| Mondelez International, Inc. (MDLZ)vs › | $78.44B | 20.28 |
| Colgate-Palmolive Company (CL)vs › | $73.98B | 24.15 |
Trailing P/E
26.7
reported TTM EPS
Forward P/E
22.2
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 $185.56 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 | 22.2x |
| 2027-12-31 | $9.15 | $9.05 – $9.29 | 9 | 20.3x |
| 2028-12-31 | $10.02 | $9.54 – $10.37 | 5 | 18.5x |
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
