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Philip Morris Valuation Multiples

Discover revenue and EBITDA valuation multiples for Philip Morris and similar Tobacco companies 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 heatsticks, 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 smokeable products but also gained a toehold into 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 $38.2B

LTM EBITDA $16.2B

EV

$282B

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Philip Morris Financials

Philip Morris has a last 12-month revenue of $38.2B and a last 12-month EBITDA of $16.2B.

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

FY 2022 FY 2023 FY 2024 LTM NTM
Revenue $31.8B $35.2B $37.9B $38.2B XXX
Gross Profit $20.4B $22.3B $24.5B XXX XXX
Gross Margin 64% 63% 65% XXX XXX
EBITDA $13.6B $13.4B $15.7B $16.2B XXX
EBITDA Margin 43% 38% 42% 42% XXX
Net Profit $9.0B $7.8B $7.1B XXX XXX
Net Margin 28% 22% 19% XXX XXX
Net Debt $39.9B $44.8B $41.5B XXX XXX

Financial data powered by Morningstar, Inc.

Philip Morris Stock Performance

As of February 21, 2025, Philip Morris's stock price is $154.

Philip Morris has current market cap of $240B, and EV of $282B.

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Philip Morris Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$282B $240B XXX XXX XXX XXX $6.64

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Philip Morris Valuation Multiples

As of February 21, 2025, Philip Morris has market cap of $240B and EV of $282B.

Philip Morris's trades at 7.4x LTM EV/Revenue multiple, and 17.4x LTM EBITDA.

Analysts estimate Philip Morris's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Philip Morris Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $282B XXX XXX XXX
EV/Revenue 7.4x XXX XXX XXX
EV/EBITDA 17.9x XXX XXX XXX
P/E 34.0x XXX XXX XXX
P/E/Growth 1.1x XXX XXX XXX
EV/FCF 26.1x XXX XXX XXX

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Philip Morris Valuation Multiples

Philip Morris's NTM/LTM revenue growth is 5%

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

Over next 12 months, Philip Morris's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Philip Morris's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Philip Morris Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 8% XXX XXX XXX XXX
EBITDA Margin 42% XXX XXX XXX XXX
EBITDA Growth 18% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 47% XXX XXX XXX XXX
Revenue per Employee $0.5M XXX XXX XXX XXX
Opex per Employee $0.1M XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue n/a XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 29% XXX 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 $240B
What is the current revenue of Philip Morris? Philip Morris's last 12-month revenue is $38.2B.
What is the current EBITDA of Philip Morris? Philip Morris's last 12-month EBITDA is $16.2B.
What is the current EV/Revenue multiple of Philip Morris? Current revenue multiple of Philip Morris is 7.4x.
What is the current EV/EBITDA multiple of Philip Morris? Current EBITDA multiple of Philip Morris is 17.4x.
What is the current revenue growth of Philip Morris? Philip Morris revenue growth between 2023 and 2024 was 8%.
Is Philip Morris profitable? Yes, Philip Morris is EBITDA-positive (as of the last 12 months).

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