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Philip Morris InternationalXSWX:PMI 87 Earnings Yield (Joel Greenblatt) % is 5.10% as of Jun. 2026, which is 426% above its 10-year median of 0.97. GuruFocus rates XSWX:PMI with a GF Score™ of 87/100 and a GF Value™ of CHF123.81. The stock has 7 warning signs investors should review. Among 48 Tobacco Products companies, Philip Morris International ranks worse than 68.75% on this metric.
Philip Morris International's Enterprise Value for the quarter that ended in Jun. 2026 was CHF263,557 Mil.
Philip Morris International's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was CHF13,252 Mil. Philip Morris International's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 5.10%.
The historical rank and industry rank for Philip Morris International's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XSWX:PMI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.62 Med: 0.97 Max: 4.76
Current: 4.76
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Philip Morris International was 4.76%. The lowest was 0.62%. And the median was 0.97%.
XSWX:PMI's Earnings Yield (Joel Greenblatt) % is ranked worse than 68.75% of 48
companies
in the Tobacco Products industry
Industry Median: 8.065
vs XSWX:PMI: 4.76
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Philip Morris International's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 7.01%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Philip Morris International (XSWX:PMI) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Philip Morris International Earnings Yield (Joel Greenblatt) % Related Terms
Philip Morris International Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Philip Morris International's Earnings Yield (Joel Greenblatt) % 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.
Philip Morris International Earnings Yield (Joel Greenblatt) % Chart
For the Tobacco subindustry, Philip Morris International's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Philip Morris International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Philip Morris International's Earnings Yield (Joel Greenblatt) % falls into.
Philip Morris International Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Philip Morris Internationals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Philip Morris International's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF13,252 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 5.10% mean?
Philip Morris International (XSWX:PMI) has a Earnings Yield (Joel Greenblatt) % of 5.10% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Philip Morris International and its competitors. This is 426% above median its historical median of 0.97. Over the past decade, Philip Morris International's Earnings Yield (Joel Greenblatt) % has ranged from 0.62 to 4.76. According to the industry distribution chart, Philip Morris International ranks #33 out of 48 companies in the Tobacco Products industry, placing it in the top 68.7%.
Is Philip Morris International's Earnings Yield (Joel Greenblatt) % too high?
Philip Morris International's current Earnings Yield (Joel Greenblatt) % of 5.10% is 426% above median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 4.76. The Tobacco Products industry median Earnings Yield (Joel Greenblatt) % is 8.07. Philip Morris International's value of 5.10% is 36.8% below this industry median. Based on the distribution chart, Philip Morris International ranks #33 out of 48 companies in the Tobacco Products industry, which is below the industry midpoint. Overall, Philip Morris International has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does Philip Morris International's Earnings Yield (Joel Greenblatt) % compare to MO and TPB?
According to the Tobacco Products industry distribution chart, Philip Morris International ranks #33 out of 48 companies for Earnings Yield (Joel Greenblatt) %. This places Philip Morris International in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 8.07. Philip Morris International's value of 5.10% is 36.8% below this benchmark. Historically, Philip Morris International's own Earnings Yield (Joel Greenblatt) % has ranged from 0.62 to 4.76 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 8.07, 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 Earnings Yield (Joel Greenblatt) % for a Tobacco Products company?
The median Earnings Yield (Joel Greenblatt) % among Tobacco Products companies is 8.07, based on 48 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Philip Morris International's current Earnings Yield (Joel Greenblatt) % of 5.10% is 36.8% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Philip Morris International and its competitors. For the Tobacco Products industry, the median Earnings Yield (Joel Greenblatt) % is 8.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Philip Morris International's current Earnings Yield (Joel Greenblatt) % is 5.10%, which is 426% above median its own 10-year median of 0.97. 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?
Philip Morris International (XSWX:PMI) has a current Earnings Yield (Joel Greenblatt) % of 5.10%. The stock's GF Value™ is CHF123.81, compared to a current price of CHF159.00 — trading 28.4% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 5.10%, which is 426% above median its 10-year median of 0.97 and 36.8% below the Tobacco Products industry median of 8.07. 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 Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Philip Morris International (XSWX:PMI), the current Earnings Yield (Joel Greenblatt) % is 5.10% 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 CHF159.00 is trading 28.4% above its estimated GF Value™ of CHF123.81.
Key valuation signals for XSWX:PMI:
Earnings Yield (Joel Greenblatt) %: 5.10% (426% above median its 10-year median of 0.97)
GF Value™: CHF123.81 vs. price of CHF159.00 (28.4% above fair value)
Industry Position: 36.8% below the Tobacco Products median (#33 of 48)
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
Get the complete analysis for XSWX:PMI
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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