Technical charts on PM stock price display a 50-day moving average climb, hinting at underlying strength. Risk models show low beta, making it attractive during broad market pullbacks. Taking a step back from the analyst forecasts, let's focus on how the current price compares with key valuation ratios. Philip Morris International trades at 29.1 times earnings, which is significantly higher than both its peer group average of 18.8x and the global tobacco industry average of 14.6x. Even so, this is close to its fair ratio of 30.5x, suggesting investors still have confidence in its growth narrative while also accepting added valuation risk at these levels. Does this premium mean the market is looking past short-term challenges or setting up for disappointment if growth slows? Philip Morris International Inc. (PM) : Free Stock Analysis Report PM stock price recently bounced from its $94 support zone, showing classical technical reversal signals. Institutional buying appears steady, with funds maintaining positions due to stable earnings forecasts.