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The historical rank and industry rank for Philip Morris International's Net Cash per Share or its related term are showing as below:
XSWX:PMI's Price-to-Net-Cash is not ranked *
in the Tobacco Products industry.
Industry Median: 13.6 * Ranked among companies with meaningful Price-to-Net-Cash only.
Philip Morris International (XSWX:PMI) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Philip Morris International Net Cash per Share Related Terms
Philip Morris International Net Cash per Share 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.
Philip Morris International Net Cash per Share Chart
XSWX:PMI vs MO, TPB, UVV: Net Cash per Share Comparison
For the Tobacco subindustry, Philip Morris International's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Philip Morris International's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Philip Morris International's Price-to-Net-Cash falls into.
Philip Morris International Net Cash per Share Calculation
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Philip Morris International's Net Cash per Share for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Net Cash per Share of CHF-36.34 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Philip Morris International and its competitors. According to the industry distribution chart, Philip Morris International ranks #999999 out of 9 companies in the Tobacco Products industry.
Is Philip Morris International's Net Cash per Share too high?
Philip Morris International's current Net Cash per Share is CHF-36.34. Based on the distribution chart, Philip Morris International ranks #999999 out of 9 companies in the Tobacco Products industry, which is in the bottom quartile relative to peers. Overall, Philip Morris International has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Philip Morris International's Net Cash per Share compare to MO and TPB?
According to the Tobacco Products industry distribution chart, Philip Morris International ranks #999999 out of 9 companies for Net Cash per Share. This places Philip Morris International in the lower half of its industry. The industry median Net Cash per Share is 13.60. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a Tobacco Products company?
The median Net Cash per Share among Tobacco Products companies is 13.60, based on 9 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Philip Morris International and its competitors. For the Tobacco Products industry, the median Net Cash per Share is 13.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Philip Morris International's current Net Cash per Share is CHF-36.34. 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 (XSWX:PMI) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF126.25, compared to a current price of CHF153.00 — trading 21.2% above its estimated fair value. The current Net Cash per Share is CHF-36.34. Philip Morris International's overall GF Score™ is 89/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Philip Morris International (XSWX:PMI), the current Net Cash per Share is CHF-36.34 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 CHF153.00 is trading 21.2% above its estimated GF Value™ of CHF126.25.
GuruFocus considers Philip Morris International to be Modestly Overvalued.
Key valuation signals for XSWX:PMI:
Net Cash per Share: CHF-36.34
GF Value™: CHF126.25 vs. price of CHF153.00 (21.2% above fair value)
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.
89GF Score
Get the complete analysis for XSWX:PMI
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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