Philip Morris International (XSWX:PMI) ROCE %: 35.85% (As of Mar. 2026)


XSWX:PMI Philip Morris International Inc XSWX:PMI
87 GF Score
Price CHF145.00
GF Value CHF115.94
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Philip Morris International ROCE %?

Philip Morris International XSWX:PMI 87 ROCE % is 35.85% as of Mar. 2026. GuruFocus rates XSWX:PMI with a GF Score™ of 87/100 and a GF Value™ of CHF115.94 (Modestly Overvalued). The stock has 7 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Philip Morris International's annualized ROCE % for the quarter that ended in Mar. 2026 was 35.85%.

Philip Morris International  (XSWX:PMI) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Philip Morris International ROCE % Related Terms

Philip Morris International ROCE % Historical Data

* Premium members only.

The historical data trend for Philip Morris International's ROCE % 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 ROCE % Chart

Philip Morris International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.97 44.19 31.55 36.44 35.46

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
ROCE % 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 37.08 36.76 41.67 37.93 35.85
XSWX:PMI
87GF Score
Philip Morris International Inc XSWX:PMI
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Philip Morris International ROCE % Calculation

Philip Morris International's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=12325.652/( ( (55086.614 - 20431.014) + (55133.527 - 20262.776) )/ 2 )
=12325.652/( (34655.6+34870.751)/ 2 )
=12325.652/34763.1755
=35.46 %

Philip Morris International's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=12275.58/( ( (55133.527 - 20262.776) + (54255.205 - 20644.581) )/ 2 )
=12275.58/( ( 34870.751 + 33610.624 )/ 2 )
=12275.58/34240.6875
=35.85 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 35.85% mean?
Philip Morris International (XSWX:PMI) has a ROCE % of 35.85% as of Mar. 2026.
Is Philip Morris International's ROCE % too high?
Philip Morris International's current ROCE % is 35.85%. The Tobacco Products industry median ROCE % is 17.46. Philip Morris International's value of 35.85% is 105.3% above this industry median. Overall, Philip Morris International has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Philip Morris International's ROCE % compare to MO and TPB?
Philip Morris International's ROCE % of 35.85% can be compared against companies in the Tobacco Products industry. The industry median ROCE % is 17.46. Philip Morris International's value of 35.85% is 105.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Tobacco Products company?
The median ROCE % among Tobacco Products companies is 17.46, based on 46 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Philip Morris International's current ROCE % of 35.85% is 105.3% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Tobacco Products industry, the median ROCE % is 17.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Philip Morris International's current ROCE % is 35.85%. 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 CHF115.94, compared to a current price of CHF145.00 — trading 25.1% above its estimated fair value. The current ROCE % is 35.85% and 105.3% above the Tobacco Products industry median of 17.46. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Philip Morris International (XSWX:PMI), the current ROCE % is 35.85% 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 (XSWX:PMI) Overvalued in 2026?

Based on GuruFocus' analysis, Philip Morris International stock appears to be overvalued. The current stock price of CHF145.00 is trading 25.1% above its estimated GF Value™ of CHF115.94. GuruFocus considers Philip Morris International to be Modestly Overvalued.

Key valuation signals for XSWX:PMI:

  • ROCE %: 35.85%
  • GF Value™: CHF115.94 vs. price of CHF145.00 (25.1% above fair value)
  • GF Score™: 87/100 with 7 warning signs
  • Industry Position: 105.3% above the Tobacco Products median

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.

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.
87GF Score

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

CHF145.00
Price
CHF115.94
GF Value