Philip Morris International Inc. (PM)
Cigarettes
Latest Price
$191.06
TTM P/E
27.49
Normalized P/E
33.10
Div Yield
3.08%
Book Value
--
P/B Ratio
--
Valuation metrics
adjust assumptions →Norm. op. income: $12.2B (median of 7yr)
Tax rate: 22%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$35.49
81% downside
Base FCF: $10.7B (median of recent 5yr)
Growth: -1%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$51.18
73% downside
EPS: $7.26
Target P/E: 33×
Formula: EPS × P/E
P/E Fair Value
$239.58
+25% upside
Institutional Ownership
83.6% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| Capital World Investors | 133.15M | $24.09B | 8.55% | -298.1K | 2026-06-30 |
| BlackRock, Inc. | 108.04M | $19.55B | 6.93% | +444.4K | 2026-06-30 |
| VANGUARD CAPITAL MANAGEMENT LLC | 101.79M | $18.41B | 6.53% | +629.3K | 2026-06-30 |
| Capital Research Global Investors | 84.25M | $15.24B | 5.41% | +4.43M | 2026-06-30 |
| Capital International Investors | 72.25M | $13.07B | 4.64% | -509.1K | 2026-06-30 |
| STATE STREET CORP | 55.57M | $10.13B | 3.57% | +537.0K | 2026-06-30 |
| JPMORGAN CHASE & CO | 48.19M | $8.81B | 3.09% | +6.48M | 2026-06-30 |
| FMR LLC | 46.52M | $8.42B | 2.99% | +1.75M | 2026-06-30 |
| GQG Partners LLC | 45.44M | $8.22B | 2.92% | -4.67M | 2026-06-30 |
| GEODE CAPITAL MANAGEMENT, LLC | 39.04M | $7.06B | 2.51% | +577.4K | 2026-06-30 |