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Philip Morris InternationalXSWX:PMI 87 Cash-to-Debt is 0.12 as of Jun. 2026, which is 14% below its 10-year median of 0.14. GuruFocus rates XSWX:PMI with a GF Score™ of 87/100 and a GF Value™ of CHF127.75 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 46 Tobacco Products companies, Philip Morris International ranks worse than 80.43% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Philip Morris International's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.12.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Philip Morris Internationalcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Philip Morris International's Cash-to-Debt or its related term are showing as below:
XSWX:PMI'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.14 Max: 0.25
Current: 0.12
During the past 13 years, Philip Morris International's highest Cash to Debt Ratio was 0.25. The lowest was 0.05. And the median was 0.14.
XSWX:PMI's Cash-to-Debt is ranked worse than 80.43% of 46
companies
in the Tobacco Products industry
Industry Median: 1
vs XSWX:PMI: 0.12
Philip Morris International (XSWX:PMI) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Philip Morris International Cash-to-Debt Related Terms
Philip Morris International Cash-to-Debt 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
XSWX:PMI vs MO, TPB, AIIR: Cash-to-Debt Comparison
For the Tobacco subindustry, Philip Morris International's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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-to-Debt vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Philip Morris International's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Philip Morris International's Cash-to-Debt 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-to-Debt of 0.12 as of Jun. 2026. This is 14% below median its historical median of 0.14. Over the past decade, Philip Morris International's Cash-to-Debt has ranged from 0.05 to 0.25. According to the industry distribution chart, Philip Morris International ranks #37 out of 46 companies in the Tobacco Products industry, placing it in the top 80.4%.
Is Philip Morris International's Cash-to-Debt too high?
Philip Morris International's current Cash-to-Debt of 0.12 is 14% below median its 10-year median of 0.14. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.25. The Tobacco Products industry median Cash-to-Debt is 1.00. Philip Morris International's value of 0.12 is 88% below this industry median. Based on the distribution chart, Philip Morris International ranks #37 out of 46 companies in the Tobacco Products industry, which is in the bottom quartile relative to peers. Overall, Philip Morris International has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Philip Morris International's Cash-to-Debt compare to MO and TPB?
According to the Tobacco Products industry distribution chart, Philip Morris International ranks #37 out of 46 companies for Cash-to-Debt. This places Philip Morris International in the lower half of its industry. The industry median Cash-to-Debt is 1.00. Philip Morris International's value of 0.12 is 88% below this benchmark. Historically, Philip Morris International's own Cash-to-Debt has ranged from 0.05 to 0.25 over the past decade. While the company's 10-year median is 0.14 vs. the industry median of 1.00, 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-to-Debt for a Tobacco Products company?
The median Cash-to-Debt among Tobacco Products companies is 1.00, based on 46 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Philip Morris International's current Cash-to-Debt of 0.12 is 88% 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-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Tobacco Products industry, the median Cash-to-Debt is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Philip Morris International's current Cash-to-Debt is 0.12, which is 14% below median its own 10-year median of 0.14. 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 Modestly Overvalued. The stock's GF Value™ is CHF127.75, compared to a current price of CHF149.00 — trading 16.6% above its estimated fair value. The current Cash-to-Debt is 0.12, which is 14% below median its 10-year median of 0.14 and 88% below the Tobacco Products industry median of 1.00. Philip Morris International's overall GF Score™ is 87/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Philip Morris International (XSWX:PMI), the current Cash-to-Debt is 0.12 as of Jun. 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 CHF149.00 is trading 16.6% above its estimated GF Value™ of CHF127.75.
GuruFocus considers Philip Morris International to be Modestly Overvalued.
Key valuation signals for XSWX:PMI:
Cash-to-Debt: 0.12 (14% below median its 10-year median of 0.14)
GF Value™: CHF127.75 vs. price of CHF149.00 (16.6% above fair value)
Industry Position: 88% below the Tobacco Products median (#37 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.
87GF Score
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