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Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Philip Morris International's current 3-Year Share Buyback Ratio was -0.10%.
The historical rank and industry rank for Philip Morris International's 3-Year Share Buyback Ratio or its related term are showing as below:
XSWX:PMI'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -0.1 Med: 0.1 Max: 5.1
Current: -0.1
During the past 13 years, Philip Morris International's highest 3-Year Share Buyback Ratio was 5.10%. The lowest was -0.10%. And the median was 0.10%.
XSWX:PMI's 3-Year Share Buyback Ratio is ranked better than 70.37% of 27
companies
in the Tobacco Products industry
Industry Median: -0.6
vs XSWX:PMI: -0.10
Philip Morris International (XSWX:PMI) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Philip Morris International 3-Year Share Buyback Ratio Related Terms
XSWX:PMI vs MO, TPB, UVV: 3-Year Share Buyback Ratio Comparison
For the Tobacco subindustry, Philip Morris International's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback 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 3-Year Share Buyback Ratio vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Philip Morris International's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Philip Morris International's 3-Year Share Buyback Ratio falls into.
Philip Morris International 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of -0.10 mean?
Philip Morris International (XSWX:PMI) has a 3-Year Share Buyback Ratio of -0.10 as of Jun. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Philip Morris International and its competitors. According to the industry distribution chart, Philip Morris International ranks #8 out of 27 companies in the Tobacco Products industry, placing it in the top 29.6%.
Is Philip Morris International's 3-Year Share Buyback Ratio too high?
Philip Morris International's current 3-Year Share Buyback Ratio is -0.10. Based on the distribution chart, Philip Morris International ranks #8 out of 27 companies in the Tobacco Products industry, which is above the industry midpoint. 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 3-Year Share Buyback Ratio compare to MO and TPB?
According to the Tobacco Products industry distribution chart, Philip Morris International ranks #8 out of 27 companies for 3-Year Share Buyback Ratio. This puts Philip Morris International in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for a Tobacco Products company?
A good 3-Year Share Buyback Ratio depends on the Tobacco Products industry context. However, 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Philip Morris International and its competitors. Philip Morris International's current 3-Year Share Buyback Ratio is -0.10. 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 CHF127.45, compared to a current price of CHF152.00 — trading 19.3% above its estimated fair value. The current 3-Year Share Buyback Ratio is -0.10. 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 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Philip Morris International (XSWX:PMI), the current 3-Year Share Buyback Ratio is -0.10 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 CHF152.00 is trading 19.3% above its estimated GF Value™ of CHF127.45.
GuruFocus considers Philip Morris International to be Modestly Overvalued.
Key valuation signals for XSWX:PMI:
3-Year Share Buyback Ratio: -0.10
GF Value™: CHF127.45 vs. price of CHF152.00 (19.3% 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
3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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