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EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Philip Morris International's enterprise value is CHF276,666 Mil.
Philip Morris International's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was CHF14,254 Mil. Therefore, Philip Morris International's EV-to-EBITDA for today is 19.41.
The historical rank and industry rank for Philip Morris International's EV-to-EBITDA or its related term are showing as below:
XSWX:PMI'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 9.95 Med: 14.23 Max: 20.42
Current: 19.12
During the past 13 years, the highest EV-to-EBITDA of Philip Morris International was 20.42. The lowest was 9.95. And the median was 14.23.
XSWX:PMI's EV-to-EBITDA is ranked worse than 89.74% of 39
companies
in the Tobacco Products industry
Industry Median: 9.24
vs XSWX:PMI: 19.12
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Philip Morris International (XSWX:PMI) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Philip Morris International's PE Ratio (TTM) for today is calculated as:
Philip Morris International's share price for today is CHF155.00.
Philip Morris International's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF5.681.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
* 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 EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Philip Morris International's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Philip Morris International's EV-to-EBITDA falls into.
Philip Morris International's current Enterprise Value is CHF276,666 Mil.
Philip Morris International's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF14,254 Mil.
* 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 EV-to-EBITDA of 19.41 as of Jul. 22, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Philip Morris International. This is 36% above median its historical median of 14.23. Over the past decade, Philip Morris International's EV-to-EBITDA has ranged from 9.95 to 20.42. According to the industry distribution chart, Philip Morris International ranks #35 out of 39 companies in the Tobacco Products industry, placing it in the top 89.7%.
Is Philip Morris International's EV-to-EBITDA too high?
Philip Morris International's current EV-to-EBITDA of 19.41 is 36% above median its 10-year median of 14.23. Over the past 10 years, this metric has ranged from a low of 9.95 to a high of 20.42. The Tobacco Products industry median EV-to-EBITDA is 9.24. Philip Morris International's value of 19.41 is 110.1% above this industry median. Based on the distribution chart, Philip Morris International ranks #35 out of 39 companies in the Tobacco Products industry, which is in the bottom quartile relative to peers. Overall, Philip Morris International has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Philip Morris International's EV-to-EBITDA compare to MO and TPB?
According to the Tobacco Products industry distribution chart, Philip Morris International ranks #35 out of 39 companies for EV-to-EBITDA. This places Philip Morris International in the lower half of its industry. The industry median EV-to-EBITDA is 9.24. Philip Morris International's value of 19.41 is 110.1% above this benchmark. Historically, Philip Morris International's own EV-to-EBITDA has ranged from 9.95 to 20.42 over the past decade. While the company's 10-year median is 14.23 vs. the industry median of 9.24, Philip Morris International has consistently been above 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 EV-to-EBITDA for a Tobacco Products company?
The median EV-to-EBITDA among Tobacco Products companies is 9.24, based on 39 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Philip Morris International's current EV-to-EBITDA of 19.41 is 110.1% above 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Philip Morris International. For the Tobacco Products industry, the median EV-to-EBITDA is 9.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Philip Morris International's current EV-to-EBITDA is 19.41, which is 36% above median its own 10-year median of 14.23. 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 EV-to-EBITDA of 19.41. The stock's GF Value™ is CHF118.25, compared to a current price of CHF155.00 — trading 31.1% above its estimated fair value. The current EV-to-EBITDA is 19.41, which is 36% above median its 10-year median of 14.23 and 110.1% above the Tobacco Products industry median of 9.24. 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 EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Philip Morris International (XSWX:PMI), the current EV-to-EBITDA is 19.41 as of Jul. 22, 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 31.1% above its estimated GF Value™ of CHF118.25.
Key valuation signals for XSWX:PMI:
EV-to-EBITDA: 19.41 (36% above median its 10-year median of 14.23)
GF Value™: CHF118.25 vs. price of CHF155.00 (31.1% above fair value)
Industry Position: 110.1% above the Tobacco Products median (#35 of 39)
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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