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BTI

British American Tobacco p.l.c.

BTI

NYSE·Consumer Defensive·Tobacco·Mkt cap $131.2B

$61.77

+2.00%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$47.55 - $67.30

P/E

11.14

Fwd P/E

17.33

Beta

0.13

Div Yield

5.32%

Avg Vol

4.1M

Shares Out

2.2B

Mkt Cap

$131.2B

Price action

Price chart

Up 27.9% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Iconic global brand portfolio with strong consumer loyalty
  • Extensive distribution network across six continents
  • Significant R&D investment in next-generation nicotine products
  • Strong cash generation and financial resources for innovation and dividends

Bear Case

1 risk

  • Low volatility (beta 0.1).

Growth

Revenue decline expected

Increased adoption of reduced-risk alternatives to combustible cigarettes

Value

Fairly valued vs Tobacco peers

Momentum

Stable

+3.9% over 3m

Quality

Excellent

Excellent business quality

Dividend

High yield

5.32% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Jul 30, 2026

LATEST RECAP

Earnings recap unavailable for this period.

EPS surprise · last 4Q

Q4 25

$1.46

Q2 25

$2.05

Q4 24

-$0.66

Q2 24

$2.71

Next: Jul 30, 2026

Revenue trend · last 8Q

+4%

-6%

-8%

-2%

-2%

+0%

Q2 22

Q4 22

Q2 23

Q4 23

Q2 24

Q4 24

Q2 25

Q4 25

$17.5B

$20.1B

$18.2B

$18.8B

$16.7B

$13.5B

$12.1B

$13.5B

Margins · last 8Q

Gross

83.4%

Operating

36.4%

Profit

24.0%

Wall Street consensus

1 analyst · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

100%

Hold

0%

Sell

0%

Median Price Target

Latest: Morgan Stanley · Jun 8, 2026

vs Industry

How BTI stacks vs Tobacco

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.