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Philip Morris International (MIC:PM-RM) E10 : $0.00 (As of Mar. 2025)


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What is Philip Morris International E10?

Note: As E10 is a main component used to calculate Shiller PE Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation sectione below is only for demostration purpose.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Philip Morris International's adjusted earnings per share data for the three months ended in Mar. 2025 was $1.720. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.00 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Philip Morris International's average E10 Growth Rate was -0.20% per year. During the past 3 years, the average E10 Growth Rate was 1.60% per year. During the past 5 years, the average E10 Growth Rate was 3.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Philip Morris International was 4.80% per year. The lowest was 1.60% per year. And the median was 4.00% per year.

As of today (2025-06-29), Philip Morris International's current stock price is $0.00. Philip Morris International's E10 for the quarter that ended in Mar. 2025 was $0.00. Philip Morris International's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Philip Morris International was 31.40. The lowest was 12.15. And the median was 17.72.


Philip Morris International E10 Historical Data

The historical data trend for Philip Morris International's E10 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.

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Philip Morris International E10 Chart

Philip Morris International Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
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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
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Competitive Comparison of Philip Morris International's E10

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

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

* The bar in red indicates where Philip Morris International's Shiller PE Ratio falls into.


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Philip Morris International E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

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

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.72/134.9266*134.9266
=1.720

Current CPI (Mar. 2025) = 134.9266.

Philip Morris International Quarterly Data

per share eps CPI Adj_EPS
201506 1.210 100.684 1.622
201509 1.250 100.392 1.680
201512 0.800 99.792 1.082
201603 0.980 100.470 1.316
201606 1.150 101.688 1.526
201609 1.250 101.861 1.656
201612 1.100 101.863 1.457
201703 1.020 102.862 1.338
201706 1.140 103.349 1.488
201709 1.270 104.136 1.646
201712 0.440 104.011 0.571
201803 1.000 105.290 1.281
201806 1.410 106.317 1.789
201809 1.440 106.507 1.824
201812 1.230 105.998 1.566
201903 0.870 107.251 1.095
201906 1.490 108.070 1.860
201909 1.220 108.329 1.520
201912 1.040 108.420 1.294
202003 1.170 108.902 1.450
202006 1.250 108.767 1.551
202009 1.480 109.815 1.818
202012 1.270 109.897 1.559
202103 1.550 111.754 1.871
202106 1.390 114.631 1.636
202109 1.550 115.734 1.807
202112 1.340 117.630 1.537
202203 1.500 121.301 1.668
202206 1.430 125.017 1.543
202209 1.340 125.227 1.444
202212 1.540 125.222 1.659
202303 1.280 127.348 1.356
202306 1.010 128.729 1.059
202309 1.320 129.860 1.372
202312 1.410 129.419 1.470
202403 1.380 131.776 1.413
202406 1.540 132.554 1.568
202409 1.970 133.029 1.998
202412 -0.380 133.157 -0.385
202503 1.720 134.927 1.720

Add all the adjusted EPS together and divide 10 will get our e10.


Philip Morris International  (MIC:PM-RM) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

During the past 13 years, the highest Shiller P/E Ratio of Philip Morris International was 31.40. The lowest was 12.15. And the median was 17.72.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Philip Morris International E10 Related Terms

Thank you for viewing the detailed overview of Philip Morris International's E10 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

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