The WACC of Philip Morris International Inc (PM) is 6.2%.
| Range | Selected | |
| Cost of equity | 5.80% - 7.90% | 6.85% |
| Tax rate | 21.80% - 22.10% | 21.95% |
| Cost of debt | 4.00% - 4.60% | 4.30% |
| WACC | 5.3% - 7.0% | 6.2% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.43 | 0.54 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 5.80% | 7.90% |
| Tax rate | 21.80% | 22.10% |
| Debt/Equity ratio | 0.24 | 0.24 |
| Cost of debt | 4.00% | 4.60% |
| After-tax WACC | 5.3% | 7.0% |
| Selected WACC | 6.2% | |