PM P/B: current value, 10-year range and year-by-year history
Cash & Leverage
PM's p/b is lower than 95% of the last 10 years.
P/B History
PM P/B by year
Yearly range of PM’s p/b from 2016 to 2026. Over the full period it ranged from -82.4 to -9.5, averaging -19.5.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | -82.4 | -42.7 | -30.1 | -82.4 |
| 2025 | -32.2 | -26.4 | -18.5 | -31.1 |
| 2024 | -26.8 | -20.3 | -14.6 | -19.0 |
| 2023 | -25.9 | -20.7 | -17.6 | -19.0 |
| 2022 | -21.9 | -19.6 | -16.9 | -21.2 |
| 2021 | -18.0 | -15.6 | -11.6 | -18.0 |
| 2020 | -14.5 | -11.8 | -9.5 | -12.1 |
| 2019 | -14.7 | -12.9 | -9.6 | -13.8 |
| 2018 | -16.8 | -13.5 | -9.7 | -9.7 |
| 2017 | -18.6 | -16.6 | -12.9 | -17.0 |
| 2016 | -14.7 | -13.7 | -13.1 | -13.8 |
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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 PM P/B High or Low Right Now?
Philip Morris International Inc.'s P/B is currently -82.4, which is near historic low relative to its 10-year historical range. The 10-year median P/B for PM is approximately -17.3. See all PM valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.