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Philip Morris Valuation Multiples

Discover revenue and EBITDA valuation multiples for Philip Morris and similar public comparables like Scandinavian Tobacco, Ceylon Tobacco Company, and Eastern Company.

Philip Morris Overview

About Philip Morris

Created from the international operations of Altria in 2008, Philip Morris International sells cigarettes and reduced-risk products, including heat sticks, vapes, and oral nicotine offerings, primarily outside of the US. With the 2023 acquisition of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches primarily in the US and Scandinavia, PMI has not only diversified away from smokable products but also gained a toehold in the US to sell its Iqos heated tobacco product.


Founded

1987

HQ

United States of America
Employees

83.1K+

Website

pmi.com

Sectors

Tobacco

Financials

LTM Revenue $39.8B

LTM EBITDA $17.2B

EV

$306B

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Philip Morris Financials

Philip Morris has a last 12-month revenue (LTM) of $39.8B and a last 12-month EBITDA of $17.2B.

In the most recent fiscal year, Philip Morris achieved revenue of $37.9B and an EBITDA of $15.7B.

Philip Morris expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Philip Morris P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $39.8B XXX $37.9B XXX XXX XXX
Gross Profit $26.3B XXX $24.5B XXX XXX XXX
Gross Margin 66% XXX 65% XXX XXX XXX
EBITDA $17.2B XXX $15.7B XXX XXX XXX
EBITDA Margin 43% XXX 42% XXX XXX XXX
EBIT $15.9B XXX $13.4B XXX XXX XXX
EBIT Margin 40% XXX 35% XXX XXX XXX
Net Profit $11.1B XXX $7.1B XXX XXX XXX
Net Margin 28% XXX 19% XXX XXX XXX
Net Debt XXX XXX $41.5B XXX XXX XXX

Financial data powered by Morningstar, Inc.

Philip Morris Stock Performance

As of August 18, 2025, Philip Morris's stock price is $166.

Philip Morris has current market cap of $259B, and EV of $306B.

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Philip Morris Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$306B $259B XXX XXX XXX XXX $7.18

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Philip Morris Valuation Multiples

As of August 18, 2025, Philip Morris has market cap of $259B and EV of $306B.

Philip Morris's trades at 8.1x EV/Revenue multiple, and 19.4x EV/EBITDA.

Equity research analysts estimate Philip Morris's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Philip Morris has a P/E ratio of 23.3x.

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Philip Morris Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $259B XXX $259B XXX XXX XXX
EV (current) $306B XXX $306B XXX XXX XXX
EV/Revenue 7.7x XXX 8.1x XXX XXX XXX
EV/EBITDA 17.8x XXX 19.4x XXX XXX XXX
EV/EBIT 19.3x XXX 22.8x XXX XXX XXX
EV/Gross Profit 11.7x XXX n/a XXX XXX XXX
P/E 23.3x XXX 36.7x XXX XXX XXX
EV/FCF 28.3x XXX 28.4x XXX XXX XXX

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Philip Morris Margins & Growth Rates

Philip Morris's last 12 month revenue growth is 8%

Philip Morris's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.

Philip Morris's rule of 40 is 46% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Philip Morris's rule of X is 63% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Philip Morris Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 8% XXX 8% XXX XXX XXX
EBITDA Margin 43% XXX 42% XXX XXX XXX
EBITDA Growth 11% XXX 16% XXX XXX XXX
Rule of 40 46% XXX 50% XXX XXX XXX
Bessemer Rule of X XXX XXX 63% XXX XXX XXX
Revenue per Employee XXX XXX $0.5M XXX XXX XXX
Opex per Employee XXX XXX $0.1M XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX 29% XXX XXX XXX

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Philip Morris Public Comps

See public comps and valuation multiples for Tobacco comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Karelia Tobacco XXX XXX XXX XXX XXX XXX
Godfrey Phillips India XXX XXX XXX XXX XXX XXX
Eastern Company XXX XXX XXX XXX XXX XXX
Ceylon Tobacco Company XXX XXX XXX XXX XXX XXX
Scandinavian Tobacco XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Philip Morris M&A and Investment Activity

Philip Morris acquired  XXX companies to date.

Last acquisition by Philip Morris was  XXXXXXXX, XXXXX XXXXX XXXXXX . Philip Morris acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Philip Morris

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Philip Morris

When was Philip Morris founded? Philip Morris was founded in 1987.
Where is Philip Morris headquartered? Philip Morris is headquartered in United States of America.
How many employees does Philip Morris have? As of today, Philip Morris has 83.1K+ employees.
Who is the CEO of Philip Morris? Philip Morris's CEO is Mr. Jacek Olczak.
Is Philip Morris publicy listed? Yes, Philip Morris is a public company listed on NYS.
What is the stock symbol of Philip Morris? Philip Morris trades under PM ticker.
When did Philip Morris go public? Philip Morris went public in 2008.
Who are competitors of Philip Morris? Similar companies to Philip Morris include e.g. Karelia Tobacco, Godfrey Phillips India, Eastern Company, Ceylon Tobacco Company.
What is the current market cap of Philip Morris? Philip Morris's current market cap is $259B
What is the current revenue of Philip Morris? Philip Morris's last 12 months revenue is $39.8B.
What is the current revenue growth of Philip Morris? Philip Morris revenue growth (NTM/LTM) is 8%.
What is the current EV/Revenue multiple of Philip Morris? Current revenue multiple of Philip Morris is 7.7x.
Is Philip Morris profitable? Yes, Philip Morris is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Philip Morris? Philip Morris's last 12 months EBITDA is $17.2B.
What is Philip Morris's EBITDA margin? Philip Morris's last 12 months EBITDA margin is 43%.
What is the current EV/EBITDA multiple of Philip Morris? Current EBITDA multiple of Philip Morris is 17.8x.
What is the current FCF of Philip Morris? Philip Morris's last 12 months FCF is $10.8B.
What is Philip Morris's FCF margin? Philip Morris's last 12 months FCF margin is 27%.
What is the current EV/FCF multiple of Philip Morris? Current FCF multiple of Philip Morris is 28.3x.

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