Philip Morris International (MEX:PM) Dividend Payout Ratio: 0.75 (As of Mar. 2026) — 16% Below Median


MEX:PM Philip Morris International Inc MEX:PM
75 GF Score
Price MXN3,123.00
GF Value MXN2,470.14
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Philip Morris International Dividend Payout Ratio?

Philip Morris International MEX:PM 75 Dividend Payout Ratio is 0.75 as of Mar. 2026, which is 16% below its 10-year median of 0.89. GuruFocus rates MEX:PM with a GF Score™ of 75/100 and a GF Value™ of MXN2,470.14 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 29 Tobacco Products companies, Philip Morris International ranks worse than 55.17% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Philip Morris International's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.75.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Philip Morris International Inc is 0.74, which seems too high.

The historical rank and industry rank for Philip Morris International's Dividend Payout Ratio or its related term are showing as below:

MEX:PM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.74   Med: 0.89   Max: 0.96
Current: 0.74

During the past 13 years, the highest Dividend Payout Ratio of Philip Morris International was 0.96. The lowest was 0.74. And the median was 0.89.

MEX:PM's Dividend Payout Ratio is ranked worse than
55.17% of 29 companies
in the Tobacco Products industry
Industry Median: 0.68 vs MEX:PM: 0.74

As of today (2026-06-27), the Dividend Yield % of Philip Morris International is 3.35%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Philip Morris International was 7.56%. The lowest was 2.90%. And the median was 5.01%.

Philip Morris International's Dividends per Share for the months ended in Mar. 2026 was MXN26.51.

During the past 12 months, Philip Morris International's average Dividends Per Share Growth Rate was 7.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 3.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Philip Morris International was 22.30% per year. The lowest was 2.70% per year. And the median was 3.90% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Philip Morris International (MEX:PM) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Philip Morris International Dividend Payout Ratio Related Terms

Philip Morris International Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Philip Morris International's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

Philip Morris International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 0.87 0.96 0.81 0.75

Philip Morris International Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.80 0.71 0.66 0.87 0.75

MEX:PM vs MO, TPB, UVV: Dividend Payout Ratio Comparison

For the Tobacco subindustry, Philip Morris International's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout 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 Dividend Payout Ratio vs Tobacco Products Industry

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

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


MEX:PM
75GF Score
Philip Morris International Inc MEX:PM
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Philip Morris International Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Philip Morris International's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=101.552/ 135.763
=0.75

Philip Morris International's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=26.508/ 35.344
=0.75

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.75 mean?
Philip Morris International (MEX:PM) has a Dividend Payout Ratio of 0.75 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Philip Morris International and its competitors. This is 16% below median its historical median of 0.89. Over the past decade, Philip Morris International's Dividend Payout Ratio has ranged from 0.74 to 0.96. According to the industry distribution chart, Philip Morris International ranks #16 out of 29 companies in the Tobacco Products industry, placing it in the top 55.2%.
Is Philip Morris International's Dividend Payout Ratio too high?
Philip Morris International's current Dividend Payout Ratio of 0.75 is 16% below median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 0.96. The Tobacco Products industry median Dividend Payout Ratio is 0.68. Philip Morris International's value of 0.75 is 10.3% above this industry median. Based on the distribution chart, Philip Morris International ranks #16 out of 29 companies in the Tobacco Products industry, which is below the industry midpoint. Overall, Philip Morris International has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Philip Morris International's Dividend Payout Ratio compare to MO and TPB?
According to the Tobacco Products industry distribution chart, Philip Morris International ranks #16 out of 29 companies for Dividend Payout Ratio. This places Philip Morris International in the lower half of its industry. The industry median Dividend Payout Ratio is 0.68. Philip Morris International's value of 0.75 is 10.3% above this benchmark. Historically, Philip Morris International's own Dividend Payout Ratio has ranged from 0.74 to 0.96 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 0.68, 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 Dividend Payout Ratio for a Tobacco Products company?
The median Dividend Payout Ratio among Tobacco Products companies is 0.68, based on 29 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Philip Morris International's current Dividend Payout Ratio of 0.75 is 10.3% 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Philip Morris International and its competitors. For the Tobacco Products industry, the median Dividend Payout Ratio is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Philip Morris International's current Dividend Payout Ratio is 0.75, which is 16% below median its own 10-year median of 0.89. 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 (MEX:PM) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN2,470.14, compared to a current price of MXN3,123.00 — trading 26.4% above its estimated fair value. The current Dividend Payout Ratio is 0.75, which is 16% below median its 10-year median of 0.89 and 10.3% above the Tobacco Products industry median of 0.68. Philip Morris International's overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Philip Morris International (MEX:PM), the current Dividend Payout Ratio is 0.75 as of Mar. 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 (MEX:PM) Overvalued in 2026?

Based on GuruFocus' analysis, Philip Morris International stock appears to be overvalued. The current stock price of MXN3,123.00 is trading 26.4% above its estimated GF Value™ of MXN2,470.14. GuruFocus considers Philip Morris International to be Modestly Overvalued.

Key valuation signals for MEX:PM:

  • Dividend Payout Ratio: 0.75 (16% below median its 10-year median of 0.89)
  • GF Value™: MXN2,470.14 vs. price of MXN3,123.00 (26.4% above fair value)
  • GF Score™: 75/100 with 6 warning signs
  • Industry Position: 10.3% above the Tobacco Products median (#16 of 29)

No single metric tells the full story. See the MEX:PM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Philip Morris International Business Description

Address 677 Washington Boulevard, Suite 1100, Stamford, CT, USA, 06901
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.
75GF Score

Get the complete analysis for MEX:PM

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN3,123.00
Price
MXN2,470.14
GF Value