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Philip Morris International has a Cash Ratio of 0.21. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Philip Morris International's Cash Ratio or its related term are showing as below:
XSWX:PMI'
s Cash Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.25 Max: 0.53
Current: 0.21
During the past 13 years, Philip Morris International's highest Cash Ratio was 0.53. The lowest was 0.11. And the median was 0.25.
XSWX:PMI's Cash Ratio is ranked worse than 69.57% of 46
companies
in the Tobacco Products industry
Industry Median: 0.46
vs XSWX:PMI: 0.21
Philip Morris International (XSWX:PMI) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Philip Morris International Cash Ratio Related Terms
Philip Morris International Cash Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Tobacco subindustry, Philip Morris International's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Philip Morris International Cash Ratio vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Philip Morris International's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Philip Morris International's Cash Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Philip Morris International (XSWX:PMI) has a Cash Ratio of 0.21 as of Mar. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Philip Morris International and its competitors. This is 16% below median its historical median of 0.25. Over the past decade, Philip Morris International's Cash Ratio has ranged from 0.11 to 0.53. According to the industry distribution chart, Philip Morris International ranks #32 out of 46 companies in the Tobacco Products industry, placing it in the top 69.6%.
Is Philip Morris International's Cash Ratio too high?
Philip Morris International's current Cash Ratio of 0.21 is 16% below median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.53. The Tobacco Products industry median Cash Ratio is 0.46. Philip Morris International's value of 0.21 is 54.3% below this industry median. Based on the distribution chart, Philip Morris International ranks #32 out of 46 companies in the Tobacco Products industry, which is below the industry midpoint. Overall, Philip Morris International has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Philip Morris International's Cash Ratio compare to MO and TPB?
According to the Tobacco Products industry distribution chart, Philip Morris International ranks #32 out of 46 companies for Cash Ratio. This places Philip Morris International in the lower half of its industry. The industry median Cash Ratio is 0.46. Philip Morris International's value of 0.21 is 54.3% below this benchmark. Historically, Philip Morris International's own Cash Ratio has ranged from 0.11 to 0.53 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 0.46, Philip Morris International has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Tobacco Products company?
The median Cash Ratio among Tobacco Products companies is 0.46, based on 46 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Philip Morris International's current Cash Ratio of 0.21 is 54.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Philip Morris International and its competitors. For the Tobacco Products industry, the median Cash Ratio is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Philip Morris International's current Cash Ratio is 0.21, which is 16% below median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Philip Morris International stock overvalued right now?
Based on GuruFocus' analysis, Philip Morris International (XSWX:PMI) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF113.68, compared to a current price of CHF155.00 — trading 36.3% above its estimated fair value. The current Cash Ratio is 0.21, which is 16% below median its 10-year median of 0.25 and 54.3% below the Tobacco Products industry median of 0.46. Philip Morris International's overall GF Score™ is 86/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Philip Morris International (XSWX:PMI), the current Cash Ratio is 0.21 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Philip Morris International (XSWX:PMI) Overvalued in 2026?
Based on GuruFocus' analysis, Philip Morris International stock appears to be overvalued.
The current stock price of CHF155.00 is trading 36.3% above its estimated GF Value™ of CHF113.68.
GuruFocus considers Philip Morris International to be Significantly Overvalued.
Key valuation signals for XSWX:PMI:
Cash Ratio: 0.21 (16% below median its 10-year median of 0.25)
GF Value™: CHF113.68 vs. price of CHF155.00 (36.3% above fair value)
Industry Position: 54.3% below the Tobacco Products median (#32 of 46)
No single metric tells the full story. See the XSWX:PMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 is not only dominant in smokable products but also has the Iqos and Zyn brands, which respectively dominate heated tobacco and nicotine pouches in most markets. It also owns the Veev brand in vapes.
86GF Score
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