PM·Philip Morris International Inc.
PM|Earnings Snapshot
EPS
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $2.32 | - | - |
| Q2'26 | $2.11 | $2.20 | +4.5% |
| Q1'26 | $1.83 | $1.96 | +7.1% |
| Q4'25 | $1.75 | $1.70 | -2.9% |
| Q3'25 | $2.10 | $2.24 | +6.9% |
| Q2'25 | $1.86 | $1.91 | +2.8% |
Revenue
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $11.5B | - | - |
| Q2'26 | $11.0B | $11.2B | +2.1% |
| Q1'26 | $9.9B | $10.1B | +2.4% |
| Q4'25 | $10.8B | $10.4B | -3.6% |
| Q3'25 | - | $10.8B | - |
| Q2'25 | - | $10.1B | - |
PM|Monthly Returns
Market Data
PM Stock Snapshot
- Market cap
- 298.80B
- P/E ratio
- 27.5
- Day range
- $186.56 – $191.00
- News sentiment
- 67/100 · Bullish
- Analyst target
- $207.40 (+9.9%)
- Consensus
- Buy · 29 analysts
This is a pause rather than a turn for PM - the signals are mixed by construction. A stock this widely held moves on consensus revisions more than on individual catalysts.
Reverse DCF
What growth is priced into PM?
At today's price, Philip Morris International Inc. needs to grow free cash flow about 5.7% a year for the next 10 years to justify its valuation at a 6.27% cost of capital. Over its actual history it has compounded free cash flow at 2.6% a year, so the market is asking for 3.1 percentage points above its own delivered rate. On that basis PM looks priced above what its own growth record supports.
- Implied FCF growth
- 5.7%
- Historical FCF CAGR
- 2.6%
- Growth gap
- +3.1 pts
- Verdict
- RICH
- Discount rate (WACC)
- 6.27%
- Beta
- 0.37
Behaviour On Record
What PM's own history says about today's numbers
- Realized volatility (21d)
- 20.5% 59th pct
- Below its peak
- -5.9%
- vs 200-day average
- +7.2%
- Up days (1y)
- 51%
Philip Morris International Inc. is currently running 20.5% annualised volatility over the last 21 sessions. Measured against PM's own 13 years of daily returns rather than a market-wide average, that is the 59th percentile — close to its own typical level, against a typical reading of 18.9%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.
PM is trading -5.9% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -18.2%, and the deepest was -40.4% in 2018. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.
Price sits +7.2% from its 200-day moving average. Against every other day in its history, that gap ranks at the 70th percentile — a somewhat wider gap than its own norm. Over the past year PM closed higher on 51% of sessions, and it is currently 4 sessions into a falling streak.
On September specifically: over 13 years of records, PM finished the month higher 4 of 13 times, with a median return of -2.7% and an average of -2.7%. Its strongest month historically has been February at +4.0% on average, its weakest September at -2.7%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.
Overnight risk is measurable too: PM has opened more than 2% away from the prior close in 34 of 3,268 sessions (1.0% of the time), with the largest gaps running +5.6% and -8.4%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.
Across the last 3 dated reports on file, PM moved an average of 2.0% in the session after earnings, closing higher 1 of those 3 times, with a median move of -0.2% and a largest of +3.0%.
All figures computed from 3,269 daily closes between 2013-09-19 and 2026-09-18, split-adjusted, recomputed daily. Percentiles are against PM's own 13-year history, not a peer group or index.
Sector Rotation
Is money rotating into or out of PM's sector?
Philip Morris International Inc. sits in the Consumer Staples sector, currently ranked 6th of 11 GICS sectors by relative-strength rotation score (improving).
- Sector rank
- #6 of 11
- Sector state
- Improving
- Sector rotation score
- 60
Analyst Rating Changes
Are analysts turning bullish or bearish on PM?
Citigroup most recently reiterated its rating on Philip Morris International Inc. to Buy on Jul 30, 2026 with a price target of $225 (from $210). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.
- Latest action
- Citigroup — Buy
- 90-day upgrades
- 0
- 90-day downgrades
- 0
- Net rating momentum
- 0
PM Competitive Positioning
- PMyou're herePhilip Morris International Inc.$298.8B+0.02%
- MOAltria Group, Inc.$116.6B0.00%
