Philip Morris InternationalWBO:PMOR -0.98%83 EV-to-FCF is 31.98 as of Jul. 04, 2026, which is 50% above its 10-year median of 21.33. GuruFocus rates WBO:PMOR with a GF Score™ of 83/100 and a GF Value™ of €123.83 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 32 Tobacco Products companies, Philip Morris International ranks worse than 84.38% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Philip Morris International's Enterprise Value is €292,014 Mil.
Philip Morris International's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €9,132 Mil. Therefore, Philip Morris International's EV-to-FCF for today is 31.98.
The historical rank and industry rank for Philip Morris International's EV-to-FCF or its related term are showing as below:
WBO:PMOR'
s EV-to-FCF Range Over the Past 10 Years
Min: 13.12 Med: 21.33 Max: 36.66
Current: 31.18
During the past 13 years, the highest EV-to-FCF of Philip Morris International was 36.66. The lowest was 13.12. And the median was 21.33.
WBO:PMOR's EV-to-FCF is ranked worse than 84.38% of 32
companies
in the Tobacco Products industry
Industry Median: 14.16
vs WBO:PMOR: 31.18
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 (WBO:PMOR) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 €157.70.
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 €6.110.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Philip Morris International EV-to-FCF Related Terms
Philip Morris International EV-to-FCF 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.
For the Tobacco subindustry, Philip Morris International's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Philip Morris International's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Philip Morris International's EV-to-FCF falls into.
Philip Morris International's current Enterprise Value is €292,014 Mil.
Philip Morris International's Free Cash Flow 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 €9,132 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 (WBO:PMOR) has a EV-to-FCF of 31.98 as of Jul. 04, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Philip Morris International and its competitors. This is 50% above median its historical median of 21.33. Over the past decade, Philip Morris International's EV-to-FCF has ranged from 13.12 to 36.66. According to the industry distribution chart, Philip Morris International ranks #27 out of 32 companies in the Tobacco Products industry, placing it in the top 84.4%.
Is Philip Morris International's EV-to-FCF too high?
Philip Morris International's current EV-to-FCF of 31.98 is 50% above median its 10-year median of 21.33. Over the past 10 years, this metric has ranged from a low of 13.12 to a high of 36.66. The Tobacco Products industry median EV-to-FCF is 14.16. Philip Morris International's value of 31.98 is 125.8% above this industry median. Based on the distribution chart, Philip Morris International ranks #27 out of 32 companies in the Tobacco Products industry, which is in the bottom quartile relative to peers. Overall, Philip Morris International has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Philip Morris International's EV-to-FCF compare to MO and TPB?
According to the Tobacco Products industry distribution chart, Philip Morris International ranks #27 out of 32 companies for EV-to-FCF. This places Philip Morris International in the lower half of its industry. The industry median EV-to-FCF is 14.16. Philip Morris International's value of 31.98 is 125.8% above this benchmark. Historically, Philip Morris International's own EV-to-FCF has ranged from 13.12 to 36.66 over the past decade. While the company's 10-year median is 21.33 vs. the industry median of 14.16, 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-FCF for a Tobacco Products company?
The median EV-to-FCF among Tobacco Products companies is 14.16, based on 32 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Philip Morris International's current EV-to-FCF of 31.98 is 125.8% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Philip Morris International and its competitors. For the Tobacco Products industry, the median EV-to-FCF is 14.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Philip Morris International's current EV-to-FCF is 31.98, which is 50% above median its own 10-year median of 21.33. 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 (WBO:PMOR) is currently considered Modestly Overvalued. The stock's GF Value™ is €123.83, compared to a current price of €157.70 — trading 27.4% above its estimated fair value. The current EV-to-FCF is 31.98, which is 50% above median its 10-year median of 21.33 and 125.8% above the Tobacco Products industry median of 14.16. Philip Morris International's overall GF Score™ is 83/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Philip Morris International (WBO:PMOR), the current EV-to-FCF is 31.98 as of Jul. 04, 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 (WBO:PMOR) Overvalued in 2026?
Based on GuruFocus' analysis, Philip Morris International stock appears to be overvalued.
The current stock price of €157.70 is trading 27.4% above its estimated GF Value™ of €123.83.
GuruFocus considers Philip Morris International to be Modestly Overvalued.
Key valuation signals for WBO:PMOR:
EV-to-FCF: 31.98 (50% above median its 10-year median of 21.33)
GF Value™: €123.83 vs. price of €157.70 (27.4% above fair value)
Industry Position: 125.8% above the Tobacco Products median (#27 of 32)
No single metric tells the full story. See the WBO:PMOR 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.
83GF Score
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