Philip Morris International Inc. PM

190.48 (1.02) (0.53%) as of 25 Sep
Market cap
$296.3B
P/E
27.4×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

Against its own ten years

Low 10.1× High 31.7×
Ten-year median 18.6×
Current reading's percentile 82

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)))

The full definition of Price to free cash flow →

More on PM