Philip Morris International (MEX:PM) Scaled Net Operating Assets: 0.57 (As of Mar. 2026)


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 Scaled Net Operating Assets?

Philip Morris International MEX:PM 75 Scaled Net Operating Assets is 0.57 as of Mar. 2026. 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.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Philip Morris International's operating assets for the quarter that ended in Mar. 2026 was MXN1,144,409 Mil. Philip Morris International's operating liabilities for the quarter that ended in Mar. 2026 was MXN437,563 Mil. Philip Morris International's Total Assets for the quarter that ended in Dec. 2025 was MXN1,245,724 Mil. Therefore, Philip Morris International's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.57.


Philip Morris International Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Philip Morris International's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Philip Morris International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 0.77 0.50 0.60 0.50

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
Scaled Net Operating Assets 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 0.58 0.53 0.53 0.53 0.57

MEX:PM vs MO, TPB, UVV: Scaled Net Operating Assets Comparison

For the Tobacco subindustry, Philip Morris International's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Philip Morris International's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Philip Morris International's Scaled Net Operating Assets falls into.


MEX:PM
75GF Score
Philip Morris International Inc MEX:PM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Philip Morris International Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Philip Morris International's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1158000.585-510965.755)/1288548.568
=0.50

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1245724.355 - 87723.77
=1158000.585

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1390274.115 - 812669.264 - 66639.096
=510965.755

Philip Morris International's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1144409.241-437563.466)/1245724.355
=0.57

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1242687.456 - 98278.215
=1144409.241

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1374326.166 - 789976.522 - 146786.178
=437563.466

* 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.

What does a Scaled Net Operating Assets of 0.57 mean?
Philip Morris International (MEX:PM) has a Scaled Net Operating Assets of 0.57 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Philip Morris International and its competitors.
Is Philip Morris International's Scaled Net Operating Assets too high?
Philip Morris International's current Scaled Net Operating Assets is 0.57. 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 Scaled Net Operating Assets compare to MO and TPB?
Philip Morris International's Scaled Net Operating Assets of 0.57 can be compared against companies in the Tobacco Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Tobacco Products company?
A good Scaled Net Operating Assets depends on the Tobacco Products industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Philip Morris International and its competitors. Philip Morris International's current Scaled Net Operating Assets is 0.57. 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 Scaled Net Operating Assets is 0.57. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Philip Morris International (MEX:PM), the current Scaled Net Operating Assets is 0.57 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:

  • Scaled Net Operating Assets: 0.57
  • GF Value™: MXN2,470.14 vs. price of MXN3,123.00 (26.4% above fair value)
  • GF Score™: 75/100 with 6 warning signs

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

Scaled Net Operating Assets 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