NYSE · BTI
British American Tobacco p.l.c.
Consumer Defensive · Tobacco
$56.07▲ 0.38% ($0.22)today
As of 2:19 PM ET
Market cap
$120.93B
P/E
14.28
EPS (TTM)
$3.93
Next earnings
Feb 11, 2027
Valuation
Revenue & margin DCF
Verdict: fairly priced. Price between Bear and Base.
The price holds with revenue shrinking 1.8% a year for 10 years. Our scenarios assume 0.6–4.4%.
Its past 4 years averaged −0.1% a year.
Value per share
Base case
$73.22
Price used $56.07 is 23% below this
USD · TTM ending Jun 30, 2026 · Price Sep 24, 6:19 PM UTC
Revenue each value needs
Revenue today $34.2B. The price needs $28.5B by 2036. Base case: $37B. At its recent pace: $33.9B. Bear to Bull: $36.3B to $52.6B.
Revenue today $34.2B. The price needs $28.5B by 2036. Base case: $37B. At its recent pace: $33.9B. Bear to Bull: $36.3B to $52.6B.
Revenue in 2036
today $34.2B
−$8.5Bless than the Base case
Value per share · Base case
$73.22
Price $56.07
23% below this
- 10-yr revenue CAGR
- 0.8%
- Ending operating margin
- 30.0%
- Discount rate
- 6.8%
USD · TTM ending Jun 30, 2026 · Price Sep 24, 6:19 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 7.02% over the last year. Revenue grew 1.06% over the trailing twelve months. Operating margin moved from 13.86% to 37.26%. Free cash flow declined 30.24% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher with no clear directional signal from operating metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 37.26%. A decisive move in revenue — currently up 1.06% — would be the clearest signal to resolve the ambiguity.
Return analysis
Company profile
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.
Market multiples
Stock splits
Every 1 shares became 2
Every 2 shares became 1
Every 2 shares became 1
Every 1 shares became 2
Every 1 shares became 4
Profitability & growth
Analyst consensus
12
Buy
4
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Feb 11, 2027
Q4 FY26 · EPS est $2.64 · Revenue est $18.61B
View
Institutional Sentiment
British American Tobacco p.l.c. · BTI
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.