NYSE: PM

Philip Morris International (PM) Stock Analysis & Forecast

Philip Morris International Inc. Consumer non-durables sector, tobacco industry. Market cap $294.0B.

$188.62−1.86 (−1.0%)

Close on Sep 18, 2026. Page updated Sep 19, 9:18 pm ET.

Gekko Brief

AI summary

Philip Morris International closes at $188.62, down 1% on the day, sitting between its 50-day average of $189.24 and 200-day average of $175.95. The GekkoIndex reads 59, placing the stock in the Neutral zone, and price sits about 1.1% below Gekko Fair Value of $190.76.

The week's news centers on a dividend increase: the board raised the quarterly dividend by 8.8% to $1.60 per share, an annualized rate of $6.40, marking the 17th consecutive year of increases, payable 26 October to holders of record as of 2 October. Alongside this, Stifel reiterated a Buy rating and a $205 price target, citing growth prospects in smoke-free products including IQOS and ZYN. The company also released its Value Report 2025, outlining a Value Plan 2030+.

Looking ahead, the next earnings report is scheduled for 21 October 2026, before the open, 31 days out and outside a typical 20-trading-day hold; the prior quarter saw EPS of $2.20 versus an estimate of $2.04, with a 1.6% reaction and 7 beats in the last 8 quarters. Seasonality over the next 20 trading days has averaged -4.3% across 5 years, with 0 of those years positive, worth noting. Analyst coverage stands at 9 buy and 2 hold ratings among 11 firms, with a consensus target of $207.40, about 10% above current price. One billionaire holder is recorded, with no insider, Congress, or unusual options signals noted.

Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.

Price vs fair value

Close $188.62200-day averageGekko Fair Value $190.76

Key stats

Market cap
$294.0B
P/E ratio
26.3
Forward P/E
21
EPS, TTM
$7.24
Revenue, TTM
$42.55B
Profit margin
25.6%
Dividend yield
3.07%
Beta
0.40
Volume
7.13M avg 3.94M
1-year return
+13.4%
Typical daily move
±2.5%
Typical 20-day move
±4.5%
50-day average
$189.24
200-day average
$175.95
Next earnings
Oct 21 before open
Shares outstanding
1.56B
52-week range
$142.11$207.76

Philip Morris International swing-trade checklist

Philip Morris International scores 1 supportive, 3 mixed and 1 headwind across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

1 supportive3 mixed1 headwind

  • Trendmixed

    Averages disagree

    Close $188.62 sits between the 50-day ($189.24) and 200-day ($175.95) averages, or the averages disagree.

    See the chart
  • GekkoIndexmixed

    59, Neutral

    Reading 59 is in the Neutral zone.

    See the GekkoIndex
  • Fair valuemixed

    1.1% below

    Price is within 5% of Gekko Fair Value (1.1% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings risksupportive

    Reports in 31 days

    Next report Oct 21, 2026, 31 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalityheadwind

    −4.3% on average

    From this point in the calendar, the next 20 trading days averaged −4.3% over 5 years, rising in 0 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Philip Morris International stock chart and price history

Philip Morris International closed at $188.62 on Sep 18, 2026, +13.4% over the past year, inside a 52-week range of $142.11 to $207.76.

Close50-day average200-day averageVolume

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−0.7%
3 months
+5.7%
6 months
+15.5%
1 year
+13.4%
The full PM chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open PM in Gekko

Follow Philip Morris International through every session

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About Philip Morris International

Philip Morris International sells tobacco and nicotine products, aiming over time to move its range beyond traditional cigarettes toward smoke-free alternatives. Its lineup spans conventional cigarettes alongside heat-not-burn devices, vapor products, and oral nicotine options, sold in markets around the world outside the United States. The company is widely associated with its work developing and expanding smoke-free tobacco alternatives.

Its cigarette brands include Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris, along with regional names such as Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia and Fortune and Jackpot in the Philippines. The smoke-free side of the business covers HEETS, including Creations, Dimensions, and Marlboro variants, plus Parliament HeatSticks and TEREA, as well as Fiit and Miix, which are licensed from KT&G. These smoke-free products reach customers in 71 markets globally.

Philip Morris International was established in 1987 and is headquartered in New York, New York. Its shares are listed on the NYSE under the ticker PM.

Listed
NYSE
Sector
Consumer non-durables
Industry
Tobacco
Website
pmi.com

Philip Morris International GekkoIndex: the smart money zone

Philip Morris International’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 59, in the Neutral zone, up 2.6 points over five sessions.

010059Neutral

Up 2.6 points over five sessions.

Reading for Sep 18, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying26+1.2%+1.9%+2.6%+3.5%
Accumulation165+0.7%+1.1%+3.4%+8.4%
Neutral (current zone)402+0.5%+1.4%+2.6%+7.0%
Distribution68+0.4%−0.1%−0.4%+0.8%
Selling1Too few readings yet

Average PM share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.2% over 20 days. Past behaviour doesn’t guarantee future results.

Neutral zone: No clear directional signal. About the five zones →

See every daily GekkoIndex reading plotted over the PM price, zone by zone.Track PM in Gekko

Is Philip Morris International stock overvalued? Gekko Fair Value

Philip Morris International trades 1.1% below Gekko Fair Value of $190.76, so the shares are about fair value on Gekko’s estimate.

Gekko’s own estimate of what Philip Morris International shares are worth, recalculated every trading day.

$190.76

Gekko Fair Value, Sep 19, 2026

1.1% below fair value · About fair value

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open PM in Gekko

Philip Morris International insider and Congress trading

No open-market insider purchases were filed for Philip Morris International, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for PM in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every PM insider filing, plotted on the chart in Gekko.Open PM in Gekko

Congress trades last 90 days

No trades in PM were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for PM, plotted on the chart in Gekko.Open PM in Gekko

Buybacks

Philip Morris International has been buying back its own shares.

Bought back, quarter ended Mar 31, 2022
$209.0M
As a share of market cap
0.07%

From company filings.

Hedge funds and billionaires quarter ended Jun 30

1of the funds Gekko tracks holds PM.

0added0opened1trimmed1sold out
Which funds are on each side, name by name.Unlock in Gekko

Philip Morris International earnings: next date and track record

Philip Morris International reports on Oct 21, 2026, before the open (31 days away), and beat the EPS estimate in 7 of its last 8 reports.

7 of 8reports beat the EPS estimate
±5.8%average move across the report
5 of 8reports followed by a gain

Share-price move across each report

+10.5%Oct ’24+10.3%Feb ’25+3.6%Apr ’25−8.8%Jul ’25−0.8%Oct ’25−0.1%Feb ’26+10.4%Apr ’26+1.6%Jul ’26

Last earnings call, Jul 22, 2026 AI summary

What they said
Philip Morris International reported a strong Q2 2026 and a robust first half driven by smoke-free product growth (IQOS, VEEV, and ZYN) and better-than-expected combustible performance. Q2 organic net revenue grew +8% and adjusted operating income +11%, with adjusted diluted EPS of $2.20 (H1 EPS $4.16, +15.6% in dollar terms). IQOS adjusted in-market sales (IMS) grew despite transitory headwinds in Japan (excise-driven pantry loading reversal) and flavor bans in some EU markets; excluding Japan and Poland IQOS growth was double-digit. VEEV e-vapor shipments and ZYN oral products showed strong expansion, with ZYN shipments up +2% in the U.S. and international ZYN growth ex-Nordics even stronger. Management reiterated full-year targets (organic net revenue +5–7%, organic operating income +7–9%, currency-neutral EPS growth +7.5–9.5%), provided Q3 targets (HTU shipments ~41 billion; Q3 EPS $2.20–$2.25) and reiterated operating cash flow ~ $13.5 billion. Management plans to step up U.S. investment behind ZYN and prepare for IQOS ILUMA; they also highlighted cost-savings execution and maintained confidence in long-term smoke-free transition. Q&A was constructive; management remained confident but cautious on topics such as promotional strategy, Japan excise impacts, and regulatory/competitive dynamics.
Guidance
Full-year 2026: organic net revenue growth +5% to +7%; organic operating income growth +7% to +9%; currency-neutral adjusted diluted EPS growth +7.5% to +9.5%. In dollar terms, adjusted diluted EPS range $8.26 to $8.41 (currency tailwind ~$0.15). Expect broadly stable to slightly growing total shipment volumes for the year; cigarette volumes forecast decline ~2%-3% (revised from ~3%). Q3 2026: HTU shipment volume ~41 billion units; mid-single-digit international smoke-free organic net revenue and gross profit growth; PMI overall mid-single-digit organic top-line growth with modest organic margin expansion; targeted adjusted diluted EPS $2.20 to $2.25 for Q3 (includes unfavorable currency impact of $0.08). Operating cash flow ~ $13.5 billion.
Risks flagged
Key risks noted: excise-tax-driven volatility (notably in Japan) including pantry-loading and subsequent normalization; implementation of characterizing flavor bans (e.g., Poland, Hungary) and regulatory uncertainty; competitive pressures in nicotine pouch category (high-strength segments and price competition); unfavorable geographic mix as smoke-free growth shifts volumes away from higher per-unit revenue cigarette markets; timing/phasing and inventory effects impacting shipments vs. IMS; challenging H2 comparisons on net finance cost and effective tax rate; potential need for elevated SG&A investment in the U.S. that could pressure near-term margins.
ReportedEPSSurpriseRevenueSurpriseMove
Jul 22, 2026$2.20
est $2.04
+7.8%$11.19B
est $10.60B
+5.6%+1.6%
Apr 22, 2026$1.96
est $1.89
+3.7%$10.15B
est $9.95B
+1.9%+10.4%
Feb 6, 2026$1.70
est $1.70
0.0%$10.36B
est $10.40B
−0.4%−0.1%
Oct 21, 2025$2.24
est $2.09
+7.2%$10.85B
est $10.64B
+2.0%−0.8%
Jul 22, 2025$1.91
est $1.86
+2.7%$10.14B
est $10.32B
−1.7%−8.8%
Apr 23, 2025$1.69
est $1.61
+5.0%$9.30B
est $9.14B
+1.7%+3.6%
Feb 6, 2025$1.55
est $1.50
+3.4%$9.71B
est $9.44B
+2.9%+10.3%
Oct 22, 2024$1.91
est $1.82
+4.9%$9.91B
est $9.68B
+2.4%+10.5%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Philip Morris International stock forecast and analyst price targets

Analysts’ average 12-month price target for Philip Morris International is $207.40, +10.0% from the last close, from 11 firms rating the stock in the last 90 days.

$207.40consensus 12-month target, +10.0% from the last close
Low $175High $225
Buy9
Hold2
Sell0

Each firm’s latest rating in the last 90 days: 11 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 18Stifel NicolausBuy, maintained$205+8.7%
Sep 15William O'NeilBuy, initiated
Sep 9BarclaysBuy, maintained$225+19.3%
Sep 8Bank of America SecuritiesBuy, reiterated$211+11.9%
Aug 25Goldman SachsBuy, reiterated$220+16.6%
+2.6%average 20-day move after past Neutral readings
−4.3%average move over the next 20 trading days in the last 5 years
±2.5%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Philip Morris International seasonality: the next 20 trading days

Over the next 20 trading days from Sep 19, Philip Morris International averaged −4.3% across the last 5 years, rising in 0 of them.

Next 20 trading days, by year

−3.5%2021−10.8%2022−4.0%2023+0.3%2024−3.0%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days−1.8%3 of 5
Next 10 trading days−6.1%0 of 5
Next 15 trading days−4.7%0 of 5
Next 20 trading days−4.3%0 of 5
Next 30 trading days−4.5%1 of 5

For scale, PM’s typical 20-trading-day move in either direction is about 4.5%.

Philip Morris International market cap and key statistics

Philip Morris International’s market cap is $294.0B, with a P/E ratio of 26.3 and revenue of $42.55B over the last twelve months.

Valuation

Market cap
$294.0B
P/E ratio
26.3
Forward P/E
21
EPS, TTM
$7.24
Gekko Fair Value
$190.76

Trading

Volume
7.13M
Avg volume, 20 days
3.94M
52-week high
$207.76
52-week low
$142.11
Shares outstanding
1.56B

Financials

Revenue, TTM
$42.55B
Profit margin
25.6%
Return on equity
0%
Quarterly earnings growth, YoY
−7.5%

Risk and income

Beta
0.40
Typical daily move
±2.5%
Typical 20-day move
±4.5%
Dividend yield
3.07%

Philip Morris International peers

Philip Morris International’s 2 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
MOAltria+0.3%Neutral14.6% below
TPBTurning Point Brands+0.2%Buying18.1% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Philip Morris International stock FAQ

What is Philip Morris International’s market cap?

Philip Morris International’s market cap is $294.0B at the Sep 18, 2026 close of $188.62, with 1.56B shares outstanding. The shares trade on a P/E ratio of 26.3.

What is the Philip Morris International stock forecast?

The consensus analyst 12-month price target for Philip Morris International is $207.40, +10.0% from the last close. Of the 11 firms that rated the stock in the last 90 days, 9 rate it a buy, 2 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Philip Morris International stock overvalued or undervalued?

On Gekko’s estimate Philip Morris International is about fair value: the Sep 18, 2026 close of $188.62 is 1.1% below Gekko Fair Value of $190.76. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Philip Morris International report earnings next?

Philip Morris International is expected to report on Oct 21, 2026, before the market opens (31 days away). Analysts expect earnings of $2.26 per share on revenue of $11.29B. Philip Morris International beat the earnings estimate in 7 of its last 8 reports, moving 5.8% on average across the report.

What is Philip Morris International’s 52-week high and low?

Philip Morris International’s 52-week high is $207.76 and its 52-week low is $142.11; it closed at $188.62 on Sep 18, 2026, +13.4% over the past year.

Is Philip Morris International stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 1 of the 5 items with data read as supportive (earnings risk), 3 as mixed (trend, gekkoindex and fair value) and 1 as a headwind (seasonality). The checklist is a description of current data, not a recommendation.

How this page works

Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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