Philip Morris International Inc. PM
- Market cap
- $296.3B
- P/E
- 27.4×
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Philip Morris International Inc. (PM) EV/EBITDA
As of 25 September 2026, Philip Morris International Inc. (PM) trades at a EV/EBITDA of 18.8×. Over the past ten years it has ranged from 9.9× (December 2018) to 21.1× (June 2025); the current reading is higher than 95% of that period. That is above the Tobacco industry median of 10.5× and above the Consumer Defensive sector median of 9.4×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 17.3× | 15.47% |
| FY2024 | 15.0× | 6.00% |
| FY2023 | 14.2× | (3.35%) |
| FY2022 | 14.7× | 19.55% |
| FY2021 | 12.3× | 1.26% |
| FY2020 | 12.1× | (11.06%) |
| FY2019 | 13.6× | 30.53% |
| FY2018 | 10.4× | (30.86%) |
| FY2017 | 15.1× | 5.63% |
| FY2016 | 14.3× | 0.77% |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 18.0× | 2.20% |
| Mar 2026 | 17.6× | 1.33% |
| Dec 2025 | 17.3× | (2.61%) |
| Sep 2025 | 17.8× | (13.08%) |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| ISPR Ispire Technology Inc. compare | n/m |
| RYM RYTHM, Inc. compare | n/m |
| BTI British American Tobacco p.l.c. compare | 1.3× |
| UVV Universal Corporation compare | 7.1× |
| RLX RLX Technology Inc. Sponsored ADR compare | 9.0× |
| MO Altria Group, Inc. compare | 11.9× |
| TPB Turning Point Brands, Inc. compare | 16.2× |
| PM Philip Morris International Inc. | 18.8× |
| AIIR Air Global PLC compare | 92.8× |
| Tobacco industry median | 10.5× |
| Consumer Defensive sector median | 9.4× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on PM
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement