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STOCK COMPARISON

Altria vs Philip Morris International: Fair Value & Quality

Both stocks run through our valuation models. Here is how Altria (MO) and Philip Morris International (PM) compare, as of Oct 19, 2026.

As of Oct 19, 2026, Fair Value Calculator sees Altria as the more attractively valued of the two: Altria trades at $75.11 versus a fair value of $81.82 (+8.9%), while Philip Morris International trades at $205 versus $113 (−44.9%).
Altria
MO · USD · Consumer Staples
+8.9%
upside to fair value
fairly valued
Price$75.11
Fair Value$81.82
Quality83/100
Philip Morris International
PM · USD · Consumer Staples
−44.9%
upside to fair value
overvalued
Price$205
Fair Value$113
Quality78/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

AltriaPhilip Morris International
Valuation
15.8×P/E (TTM)28.1×
13.9×P/E ex one-offs (FY2025)26.6×
12.8×Forward P/E (FY2027)22.3×
10.7×Median P/E at FY-end (10 FY, ex one-offs where documented)16.4×
6.14×P/S (TTM)7.54×
Negative equityP/BNegative equity
9.2×EV/EBITDA20.0×
2.64×PEG2.28×
+8.9%Fair value upside−44.9%
5.6%Dividend yield2.9%
$4.24Dividend per share$5.88
Profitability
76.4%Operating margin40.0%
1.53×EBIT margin trend (5Y)0.90×
Negative equityReturn on equityNegative equity
19.8%Return on assets16.4%
Growth
1.2%Revenue growth (YoY)10.4%
n/aAvg. growth/yr (3Y)8.6%
n/aAvg. growth/yr (5Y)7.2%
+12.1%Value creation/yr+9.6%
Balance & size
12.8×Interest coverage (EBIT/interest)9.4×
Negative equityDebt / equityNegative equity
$126BMarket cap$321B
mixedGrowth qualityhealthy
The P/E excluding one-off items is scored: for at least one of the two companies, special items (write-downs, restructuring, litigation) move the reported P/E by 15 % or more. The trailing P/E is shown for reference.
Altria, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 7 of the years ex one-offs: 10.7. Philip Morris International, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), earnings ex one-offs: 16.4.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Altria leads: 10 to 2 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Altria Philip Morris International
ProfitabilityHow much profit the company makes from its sales and capital
82
76
Quality GrowthAre margins and returns getting better?
32
63
CashflowDo the profits arrive as real cash?
89
81
Financial strengthDebt, balance sheet and risk of trouble
77
62
InvestmentDoes it invest with discipline instead of growing at any price?
100
85
Low VolatilityHow calm the share price moves, does not count
88
85
MomentumPrice trend of the last 3 to 12 months, does not count
56
66
Near the 52-week highDistance to the 52-week high, does not count
80
85
New sharesBuys back shares or issues new ones?
92
79

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyAltriaPrice $75.11Philip Morris InternationalPrice $205
DCF Models−4.2%close to the price$71.95−43.2%below the price$117
Earnings-Based−22.5%below the price$58.20−62.7%below the price$76.61
Dividend Discount−33.2%below the price$50.18−54.2%below the price$93.92
Multiples+16.3%above the price$87.37−44.9%below the price$113
Growth DCF−25.2%below the price$56.21−61.3%below the price$79.32
Economic Profit+11.0%close to the price$83.37−59.4%below the price$83.31
Growth Earnings−12.0%close to the price$66.10−40.7%below the price$122
Minimum−33.2%below the price$50.18−62.7%below the price$76.61
Maximum+16.3%above the price$87.37−40.7%below the price$122
Median−12.0%close to the price$66.10−54.2%below the price$93.92
Geometric mean−11.6%close to the price$66.39−53.1%below the price$96.19

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Altria: 11 of 21 models see the stock below the current price.

Philip Morris International: 22 of 22 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Altria
Price $75.11
Fair Value $81.82
Bear $56.27Bull $109
Philip Morris International
Price $205
Fair Value $113
Bear $67.10Bull $154

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Altria · Consumer Staples

Quality score83 · Top 25%
Fair value upside+8.9% · above median

Philip Morris International · Consumer Staples

Quality score78 · Top 25%
Fair value upside−44.9% · bottom 25%

Bottom line

As of Oct 19, 2026, Fair Value Calculator sees Altria as the more attractively valued of the two: Altria trades at $75.11 versus a fair value of $81.82 (+8.9%), while Philip Morris International trades at $205 versus $113 (−44.9%).

Altria has the higher quality score (83/100).

Open Altria live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.