Philip Morris International (PM) EV to CFO (2009 - 2026)
Philip Morris International's EV to CFO came in at 19.33 for Q3 2026, down 11.0% from 21.72 a year earlier and down 0.8% from the prior quarter.
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Analysis
Philip Morris International (PM) EV to CFO (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Philip Morris International reported EV to CFO of 18.26, down 11.4% year-over-year; for FY2025, it was 20.17, up 33.4% from FY2024.
- Going back by year, EV to CFO was 15.13 in FY2024 (-3.8%), 15.73 in FY2023 (+8.7%), 14.47 in FY2022 (+19.7%) and 12.09 in FY2021 (-4.1%).
- The Q3 2026 figure represents the lowest quarterly EV to CFO since Q4 2024.
- Year-over-year, EV to CFO has declined for three consecutive quarters, with growth averaging 22.8% over the last eight quarters.
- The fastest year-over-year change in EV to CFO over five years came in Q2 2025 (growth of 102.7%), and the weakest in Q2 2026 (a decline of 27.9%).
- Business Quant data shows PM's EV to CFO at 19.48 (Q2 2026), 20.87 (Q1 2026) and 20.17 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 302.04 Bn | 279.04 Bn | 7.85 Bn |
| 2 | British American Tobacco p.l.c | 131.52 Bn | 107.88 Bn | - |
| 3 | Altria | 126.46 Bn | 113.39 Bn | 3.94 Bn |
| 4 | Curaleaf Holdings | 2.38 Bn | 2.00 Bn | 170.48 Mn |
| 5 | Trulieve Cannabis | 2.12 Bn | 734.90 Mn | 162.29 Mn |
| 6 | RLX Technology | 1.95 Bn | -1.82 Bn | 52.74 Mn |
| 7 | Green Thumb Industries | 1.43 Bn | 198.72 Mn | 146.79 Mn |
| 8 | Cronos | 1.33 Bn | -1.95 Bn | 28.45 Mn |
| 9 | Turning Point Brands | 1.25 Bn | 361.97 Mn | 93.70 Mn |
| 10 | Tilray Brands | 380.69 Mn | -586.82 Mn | 77.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.33 |
| Jun 30, 2026 | 19.48 |
| Mar 31, 2026 | 20.87 |
| Dec 31, 2025 | 20.17 |
| Sep 30, 2025 | 21.72 |
| Jun 30, 2025 | 27.03 |
| Mar 31, 2025 | 21.04 |
| Dec 31, 2024 | 15.13 |
| Sep 30, 2024 | 16.19 |
| Jun 30, 2024 | 13.33 |
| Mar 31, 2024 | 13.48 |
| Dec 31, 2023 | 15.73 |
| Sep 30, 2023 | 15.83 |
| Jun 30, 2023 | 17.32 |
| Mar 31, 2023 | 17.23 |
| Dec 31, 2022 | 14.47 |
| Sep 30, 2022 | 10.65 |
| Jun 30, 2022 | 11.94 |
| Mar 31, 2022 | 11.30 |
| Dec 31, 2021 | 12.09 |
API Access
Philip Morris International EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=PM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "PM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=PM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();