Philip Morris International Inc. PM
- Market cap
- $296.3B
- P/E
- 27.4×
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Philip Morris International Inc. (PM) Price to free cash flow
As of 25 September 2026, Philip Morris International Inc. (PM) trades at a price to free cash flow of 23.3×. Over the past ten years it has ranged from 10.1× (March 2020) to 31.7× (July 2025); the current reading is higher than 82% of that period. That is below the Tobacco industry median of 29.5× and above the Consumer Defensive sector median of 13.5×.
Price to free cash flow, daily
Annual
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 23.4× | 34.81% |
| FY2024 | 17.4× | (7.73%) |
| FY2023 | 18.8× | 16.54% |
| FY2022 | 16.1× | 22.37% |
| FY2021 | 13.2× | (5.74%) |
| FY2020 | 14.0× | (2.28%) |
| FY2019 | 14.3× | 10.96% |
| FY2018 | 12.9× | (41.33%) |
| FY2017 | 22.0× | 7.36% |
| FY2016 | 20.5× | 3.91% |
Quarterly
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 22.2× | (8.21%) |
| Mar 2026 | 24.2× | 3.19% |
| Dec 2025 | 23.4× | (6.19%) |
| Sep 2025 | 24.9× | (20.92%) |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| AIIR Air Global PLC compare | n/m |
| ISPR Ispire Technology Inc. compare | n/m |
| BTI British American Tobacco p.l.c. compare | n/m |
| UVV Universal Corporation compare | 6.3× |
| MO Altria Group, Inc. compare | 12.6× |
| PM Philip Morris International Inc. | 23.3× |
| RYM RYTHM, Inc. compare | 35.7× |
| RLX RLX Technology Inc. Sponsored ADR compare | 43.0× |
| TPB Turning Point Brands, Inc. compare | 62.9× |
| Tobacco industry median | 29.5× |
| Consumer Defensive sector median | 13.5× |
| Market median | 14.0× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
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
- EV/EBITDA
- 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