Price to Earnings (P/E)
since 2005
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Altria Group Inc. pages available for free this week:
- Income Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
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Calculation
Altria Group Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net earnings (losses) attributable to Altria1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 27, 2024 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2023 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 16, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2008 | = | ÷ | = | ÷ | |||||||
| Mar 1, 2007 | = | ÷ | = | ÷ | |||||||
| Mar 10, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Altria Group Inc. Annual Report.
- Share Price Trends
- The share price exhibited significant volatility over the analyzed period. Initially, it showed moderate fluctuations with values around the mid-70s to mid-80s from 2006 through 2008. A sharp decline occurred in 2009, where the share price dropped drastically to approximately 15.44 US$, marking the lowest point in the period under review. Subsequently, the share price gradually recovered, reaching a peak of 74.59 US$ in 2017. After 2017, the share price experienced a general downward trend with intermittent fluctuations, declining to 40.9 US$ by 2024.
- Earnings per Share (EPS) Trends
- EPS showed a decreasing trajectory from 5 US$ in 2006 to a low of -0.7 US$ in 2020, indicating a loss during that year. Notable fluctuations are present, including a peak of 7.34 US$ in 2017, which contrasts with generally lower EPS values in surrounding years. From 2020 onward, the EPS recovered steadily, reaching 4.61 US$ by 2024. The variation in EPS over the years implies fluctuations in profitability and possibly reflects changes in operational performance or external factors impacting earnings.
- Price-to-Earnings (P/E) Ratio Analysis
- The P/E ratio mostly fluctuated between approximately 10 and 23 over the years, with some exceptions. Initial years showed ratios around 14 to 16, followed by a drop to 6.47 in 2009 linked to the substantial share price decline. After this dip, the ratio increased, peaking at 23.3 in 2016, which suggests the market priced earnings more expansively relative to share price at that time. Missing data in 2020 may reflect data unavailability possibly related to the negative EPS. The highest ratio in later years reached 37.8 in 2022, indicating heightened market expectations or diminished earnings relative to price. The ratio decreased significantly to 8.87 by 2024, reflecting a market revaluation possibly driven by improving earnings relative to share price.
- Overall Observations
- The data underscores a period of considerable financial variability, marked by a major disruption around 2009 with a steep share price fall and earnings decline. Recovery phases are evident, with peaks in both share price and EPS around 2016-2017. Subsequent years display volatility with downward trends in share price and fluctuating earnings, culminating in a notable rebound in EPS by 2024. The P/E ratio displays sensitivity to these fluctuations, suggesting varying market sentiment and shifts in investor valuation throughout the period.
Comparison to Competitors
Altria Group Inc., P/E, long-term trends, comparison to competitors
| Altria Group Inc. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| Feb 27, 2024 | |||||
| Feb 27, 2023 | |||||
| Feb 25, 2022 | |||||
| Feb 26, 2021 | |||||
| Feb 25, 2020 | |||||
| Feb 26, 2019 | |||||
| Feb 27, 2018 | |||||
| Feb 27, 2017 | |||||
| Feb 25, 2016 | |||||
| Feb 25, 2015 | |||||
| Feb 26, 2014 | |||||
| Feb 27, 2013 | |||||
| Feb 16, 2012 | |||||
| Feb 25, 2011 | |||||
| Feb 24, 2010 | |||||
| Feb 27, 2009 | |||||
| Feb 28, 2008 | |||||
| Mar 1, 2007 | |||||
| Mar 10, 2006 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Food, Beverage & Tobacco)
Altria Group Inc., P/E, long-term trends, comparison to sector (food, beverage & tobacco)
| Altria Group Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| Feb 27, 2024 | ||
| Feb 27, 2023 | ||
| Feb 25, 2022 | ||
| Feb 26, 2021 | ||
| Feb 25, 2020 | ||
| Feb 26, 2019 | ||
| Feb 27, 2018 | ||
| Feb 27, 2017 | ||
| Feb 25, 2016 | ||
| Feb 25, 2015 | ||
| Feb 26, 2014 | ||
| Feb 27, 2013 | ||
| Feb 16, 2012 | ||
| Feb 25, 2011 | ||
| Feb 24, 2010 | ||
| Feb 27, 2009 | ||
| Feb 28, 2008 | ||
| Mar 1, 2007 | ||
| Mar 10, 2006 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Staples)
Altria Group Inc., P/E, long-term trends, comparison to industry (consumer staples)
| Altria Group Inc. | Consumer Staples | |
|---|---|---|
| Feb 27, 2024 | ||
| Feb 27, 2023 | ||
| Feb 25, 2022 | ||
| Feb 26, 2021 | ||
| Feb 25, 2020 | ||
| Feb 26, 2019 | ||
| Feb 27, 2018 | ||
| Feb 27, 2017 | ||
| Feb 25, 2016 | ||
| Feb 25, 2015 | ||
| Feb 26, 2014 | ||
| Feb 27, 2013 | ||
| Feb 16, 2012 | ||
| Feb 25, 2011 | ||
| Feb 24, 2010 | ||
| Feb 27, 2009 | ||
| Feb 28, 2008 | ||
| Mar 1, 2007 | ||
| Mar 10, 2006 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).