Philip Morris International Inc. (PM)
Cigarettes
Latest Price
$190.82
TTM P/E
27.46
Normalized P/E
33.06
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
+26% upside
Institutional Ownership
78.2% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| Capital World Investors | 133.45M | $22.06B | 8.57% | +1.09M | 2026-03-31 |
| BlackRock, Inc. | 107.60M | $17.79B | 6.91% | -1.66M | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 101.16M | $16.73B | 6.49% | -- | 2026-03-31 |
| Capital Research Global Investors | 79.82M | $13.20B | 5.12% | +25.26M | 2026-03-31 |
| Capital International Investors | 72.76M | $12.03B | 4.67% | -28.62M | 2026-03-31 |
| STATE STREET CORP | 55.03M | $9.18B | 3.53% | +36.5K | 2026-03-31 |
| GQG Partners LLC | 50.11M | $8.28B | 3.22% | -4.99M | 2026-03-31 |
| FMR LLC | 44.77M | $7.40B | 2.87% | +3.35M | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 38.46M | $6.36B | 2.47% | +1.08M | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 29.58M | $4.89B | 1.90% | -- | 2026-03-31 |