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British American Tobacco p.l.c. BTI

Consumer Defensive · Tobacco · United Kingdom
https://www.bat.com
Company Profile ↓
$55.15
+2.12% 1Y
Mkt Cap$118.73B
P/E14.18
P/B9.65
Div. Yield5.98%
52W High$65.78
52W Low$48.34
Book Value$5.79
EPS (TTM)$3.89

Company Overview

British American Tobacco p.l.c. provides tobacco and nicotine products to consumers in the United States, Europe, Latin America, Canada, the Asia-Pacific, the Middle East, Central Asia, Caucasus, and Africa. The company offers vapour products; heated products, which consists of a battery-powered device and a plant-based substance consumable that is heated; modern oral products, such as nicotine pouches; combustibles, including cigarette sticks and other tobacco stick products; traditional oral products, such as snus and moist snuff; and fine cut/roll-your-own tobacco products. It sells its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Natural American Spirit, and Camel Snus brands, as well as Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, and State Express 555 brands. The company distributes its products to retail outlets. British American Tobacco p.l.c. was founded in 1902 and is headquartered in London, the United Kingdom.

Why Investors Should Care

Reasonable Valuation

Trades at a P/E of 14.2, below the sector median of 18.6.

Healthy Margins

Maintains a net profit margin of 25.0%.

Dividend Income

Offers a dividend yield of 5.98%.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Dec 2025 Revenue of $25.61B (-1.0% YoY); net profit $7.76B.
  • Trailing 12 Months Year-on-year growth — revenue +1.4%, earnings -28.6%.
  • 5-Year Trend Long-term compounding — revenue CAGR -2.5%, profit CAGR 5.2%.

Growth & Price Performance

Compounded Sales Growth

5 Years:-2.53%
1 Year:1.40%

Compounded Profit Growth

5 Years:5.21%
1 Year:-28.60%

Stock Price Performance

1 Year:+2.12%
6 Months:-2.74%
3 Months:-6.32%
1 Month:-7.05%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 39% of range
$48.34 $65.78
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)38.53 · Neutral
Price Performance
1M-7.05%
3M-6.32%
6M-2.74%
1Y+2.12%
Valuation vs Sector

P/E of 14.18 is below the sector median of 18.56 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Excellent profit margin of 25.0%.
  • Attractive dividend yield of 5.98%.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Revenue declined at -2.5% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
14.18
Industry PE
18.56
Forward P/E
10.55
PEG Ratio
1.39
Book Value
$5.79
Price to Book
9.65
P/S
4.66
EV/EBITDA
56.89
Dividend Yield
5.98%

Growth (CAGR)

Revenue 5Y
-2.53%
Profit 5Y
5.21%
Revenue (YoY)
1.40%
Earnings (YoY)
-28.60%

Profitability & Returns

ROCE
12.44%
ROE
13.42%
ROA
5.12%
Profit Margin
24.99%
Op Margin
34.91%
Gross Margin
82.72%
EPS (Latest Qtr)
$-
EPS (TTM)
$3.89

Balance Sheet & Liquidity

Debt/Equity
0.72
Quick Ratio
0.48
Current Ratio
0.83
Debt
$35.06B
Total Assets
$108.39B
Current Assets
$11.92B
Working Capital
$-1.84B

Ownership

Promoter Holding
0.10%
Chg in Prom Hold
0.00%
FII / Inst Holding
15.69%
Chg in FII Hold
0.00%

Financial Snapshot

Enterprise Value
$118.73B
Total Revenue (TTM)
$25.78B
EBITDA
$11.20B
Free Cash Flow
$3.53B
Operating Cash Flow
$7.43B
Shares Outstanding
2.15B
Gross Margin
82.72%
Payout Ratio
84.51%

Peer comparison

Peer companies in the same sector (Consumer Defensive).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 BTI British American Tobacco p.l.c. 55.15 14.18 $118.73B 5.98% 12.44% 13.42% -2.53% 5.21%
2 WMT Walmart Inc. SPXR3K 107.14 38.82 $850.02B 0.93% 16.83% 22.31% 3.82% 3.24%
3 COST Costco Wholesale Corporation NDXSPXR3K 910.18 45.88 $403.65B 0.65% 25.96% 29.15% 8.16% 11.45%
4 KO The Coca-Cola Company SPXR3K 88.36 26.53 $380.17B 2.41% 16.47% 42.05% 2.86% 4.46%
5 PG The Procter & Gamble Company SPXR3K 145.58 21.99 $338.39B 2.95% 22.49% 30.29% 0.52% 1.59%
6 PM Philip Morris International Inc. SPXR3K 184.73 25.37 $287.92B 3.09% 34.03% -113.55% -1.69% 3.57%
7 PEP PepsiCo, Inc. NDXSPXR3K 138.45 18.15 $189.12B 4.43% 15.41% 51.51% 4.93% 2.11%
8 BUD Anheuser-Busch InBev SA/NV 79.73 17.18 $139.30B 1.69% 8.49% 11.39% 0.88% 4.63%
9 MO Altria Group, Inc. SPXR3K 68.17 14.35 $113.83B 6.37% 38.27% - 1.24% -1.89%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -27.66B27.28B25.87B25.61B
Cost of Revenue -4.55B4.64B4.44B4.23B
Gross Profit -23.10B22.64B21.43B21.38B
Operating Expenses -8.82B31.18B10.80B9.72B
Operating Income -14.28B-8.53B10.63B11.66B
EBITDA -12.29B8.83B8.42B14.06B
Interest Expense -1.66B1.89B1.82B1.93B
Pretax Income -9.32B-17.06B3.54B9.86B
Tax Provision -2.48B-2.87B357.00M2.09B
Net Income -6.67B-14.37B3.07B7.76B
Diluted EPS -2.92-6.471.363.49

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -153.55B118.72B118.90B109.29B
Current Assets -15.41B14.19B14.29B12.68B
Cash & Equivalents -1.71B2.36B2.89B3.49B
Inventory -5.67B4.94B4.62B4.38B
Receivables -4.37B3.62B3.60B3.80B
Total Liabilities -77.84B65.78B68.90B61.15B
Current Liabilities -17.85B15.67B18.74B14.52B
Long Term Debt -38.35B35.04B32.19B31.33B
Total Debt -43.14B39.73B36.95B35.07B
Total Equity -75.37B52.57B49.64B47.93B
Shares Outstanding -2.46B2.46B2.34B2.31B

Cash Flows (Annual)

Figures in USD.

Metric Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 10.39B10.71B10.12B6.34B
Investing Cash Flow -705.00M-296.00M1.38B1.39B
Financing Cash Flow -8.88B-9.31B-10.63B-8.76B
Capital Expenditure -656.00M-601.00M-608.00M-704.00M
Free Cash Flow 9.74B10.11B9.52B5.64B
Net Change in Cash 811.00M1.10B868.00M-1.03B

Ratios (Annual)

Figures in %.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -83.5%83.0%82.9%83.5%
Operating Margin % -51.6%-31.3%41.1%45.5%
Net Margin % -24.1%-52.7%11.9%30.3%
ROE % -8.8%-27.3%6.2%16.2%
ROCE % -10.5%-8.3%10.6%12.3%

Shareholding Pattern

Insiders
0.10%
Institutions
15.69%
Public Float
15.71%

Top Institutional Holders

#Holder% HeldSharesValue
1 Capital International Investors 2.27% 49.13M $2.74B
2 FMR, LLC 2.04% 44.16M $2.47B
3 Capital Research Global Investors 1.40% 30.33M $1.69B
4 GQG Partners LLC 1.14% 24.57M $1.37B
5 Blackrock Inc. 0.93% 20.16M $1.13B
6 Bank of America Corporation 0.49% 10.53M $588.17M
7 Capital World Investors 0.45% 9.74M $543.67M
8 Morgan Stanley 0.36% 7.71M $430.28M
9 Orbis Allan Gray Ltd 0.34% 7.39M $412.33M
10 JPMORGAN CHASE & CO 0.25% 5.39M $300.98M

Analyst View

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Latest News

Recent headlines for BTI

Google News Fri, 04 Sep 2026

British American Tobacco P.l.c Stock Price Forecast. Should You Buy BTI? - StockInvest.us

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Google News ue, 08 Sep 2026

British American Tobacco (NYSE: BTI) pulls 3.215% 2026 notes from NYSE - Stock Titan

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BTI Looks 31.7% Overvalued on GF Value™ - gurufocus.com

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Google News Mon, 07 Sep 2026

British American Tobacco p.l.c. $BTI Shares Acquired by Wellington Management Group LLP - marketbeat.com

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Google News Wed, 02 Sep 2026

British American Tobacco: The Pullback Is A Gift For Income Investors (NYSE:BTI) - Seeking Alpha

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Google News Fri, 04 Sep 2026

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BTI — Frequently Asked Questions

What is the current share price of British American Tobacco p.l.c. (BTI)?

As of 2026-09-19 21:16 PDT, British American Tobacco p.l.c. (BTI) trades at $55.15 on NYSE. Its 52-week range is $48.34 to $65.78.

What is the market capitalisation of BTI?

British American Tobacco p.l.c. (BTI) has a market capitalisation of $118.73B on NYSE.

What is the P/E ratio of BTI?

BTI trades at a trailing price-to-earnings (P/E) ratio of 14.18. The industry average P/E is 18.56. Its price-to-book (P/B) ratio is 9.65.

Does BTI pay a dividend?

British American Tobacco p.l.c. (BTI) currently offers a dividend yield of 5.98%.

What is the return on equity (ROE) of BTI?

BTI has a return on equity (ROE) of 13.42%. Its return on capital employed (ROCE) is 12.44%.

Is BTI a good stock to buy?

This page provides a data-driven analysis of British American Tobacco p.l.c. (BTI), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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