MO P/B: current value, 10-year range and year-by-year history
Cash & Leverage
MO's p/b is lower than 95% of the last 10 years.
P/B History
MO P/B by year
Yearly range of MO’s p/b from 2016 to 2026. Over the full period it ranged from -70.9 to 44.9, averaging -8.8.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | -47.8 | -37.1 | -26.6 | -43.5 |
| 2025 | -45.7 | -35.7 | -27.1 | -28.0 |
| 2024 | -40.5 | -23.2 | -14.1 | -40.5 |
| 2023 | -22.8 | -21.2 | -19.8 | -21.3 |
| 2022 | -61.2 | -40.6 | -17.2 | -19.4 |
| 2021 | -70.9 | 4.2 | 33.4 | -54.1 |
| 2020 | 9.3 | 15.1 | 26.1 | 26.1 |
| 2019 | 5.2 | 7.0 | 14.7 | 14.7 |
| 2018 | 5.8 | 7.3 | 8.8 | 6.3 |
| 2017 | 9.5 | 10.9 | 12.3 | 11.2 |
| 2016 | 39.0 | 42.0 | 44.9 | 44.8 |
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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.
Price / Book Value Per ShareMost useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.
- Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
- Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.
Is MO P/B High or Low Right Now?
Altria Group, Inc.'s P/B is currently -43.5, which is near historic low relative to its 10-year historical range. The 10-year median P/B for MO is approximately -6.5. See all MO valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.