GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Philip Morris International Inc (MIC:PM-RM) » Definitions » Cyclically Adjusted PS Ratio

Philip Morris International (MIC:PM-RM) Cyclically Adjusted PS Ratio : (As of Jul. 18, 2025)


View and export this data going back to 2021. Start your Free Trial

What is Philip Morris International Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Philip Morris International Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Philip Morris International's Cyclically Adjusted PS Ratio can be seen below:

* 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.

* Premium members only.

Philip Morris International Cyclically Adjusted PS Ratio Chart

Philip Morris International Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.17 4.49 4.56 4.15 5.18

Philip Morris International Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.97 4.37 5.23 5.18 6.73

Competitive Comparison of Philip Morris International's Cyclically Adjusted PS Ratio

For the Tobacco subindustry, Philip Morris International's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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's Cyclically Adjusted PS Ratio Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Philip Morris International's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Philip Morris International's Cyclically Adjusted PS Ratio falls into.


;
;

Philip Morris International Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Philip Morris International's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Philip Morris International's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=5.974/134.9266*134.9266
=5.974

Current CPI (Mar. 2025) = 134.9266.

Philip Morris International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 4.428 100.684 5.934
201509 4.472 100.392 6.010
201512 4.127 99.792 5.580
201603 3.925 100.470 5.271
201606 4.287 101.688 5.688
201609 4.502 101.861 5.963
201612 4.495 101.863 5.954
201703 3.905 102.862 5.122
201706 4.451 103.349 5.811
201709 4.809 104.136 6.231
201712 5.341 104.011 6.929
201803 4.438 105.290 5.687
201806 4.968 106.317 6.305
201809 4.826 106.507 6.114
201812 4.823 105.998 6.139
201903 4.339 107.251 5.459
201906 4.948 108.070 6.178
201909 4.911 108.329 6.117
201912 4.957 108.420 6.169
202003 4.591 108.902 5.688
202006 4.269 108.767 5.296
202009 4.779 109.815 5.872
202012 4.769 109.897 5.855
202103 4.862 111.754 5.870
202106 4.868 114.631 5.730
202109 5.206 115.734 6.069
202112 5.202 117.630 5.967
202203 4.991 121.301 5.552
202206 5.046 125.017 5.446
202209 5.175 125.227 5.576
202212 5.253 125.222 5.660
202303 5.164 127.348 5.471
202306 5.774 128.729 6.052
202309 5.882 129.860 6.112
202312 5.825 129.419 6.073
202403 5.655 131.776 5.790
202406 6.085 132.554 6.194
202409 6.370 133.029 6.461
202412 6.238 133.157 6.321
202503 5.974 134.927 5.974

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Philip Morris International  (MIC:PM-RM) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Philip Morris International Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Philip Morris International's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Philip Morris International Business Description

Address
677 Washington Boulevard, Suite 1100, Stamford, Connecticut, New York, NY, USA, 06901
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.

Philip Morris International Headlines

No Headlines