Altria Trading at a Discount: Should You Buy, Sell or Hold the Stock?

Altria Group, Inc. (MO) currently trades at a forward 12-month price-to-earnings (P/E) ratio of 11.01 — a notable 24% discount compared to the Zacks Tobacco industry average of 14.49. This valuation gap becomes even more pronounced when compared to key competitors like Philip Morris International Inc. (PM) (P/E of 21.95) and Turning Point Brands, Inc. (TPB) (P/E of 16.39). While a low P/E ratio might catch the eye of a value investor, in Altria's case, it has been more of a reflection of persistent investor ...