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BTI

British American Tobacco p.l.c.

BTI

NYSE·Consumer Defensive·Tobacco·Mkt cap $119.4B

$55.35

-1.11%

P/E

11.44

Mkt Cap

$119.4B

52-Wk Range

$49.88–$67.30

52-Week Range

$49.88 - $67.30

P/E

11.44

Fwd P/E

15.30

Beta

0.13

Div Yield

5.92%

Avg Vol

4.2M

Shares Out

2.2B

Mkt Cap

$119.4B

Price action

Price chart

Down 1.5% over the trailing year

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

Weak

-7.3% over 3m

Quality

Excellent

Strong fundamentals

Dividend

High yield

5.92% yield

Earnings track record

Latest print - beat on both lines

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

Q3 26 RECAP

JUL 30, 2026

Reported EPS of $2.25 vs $2.21 consensus (+1.8% surprise). Revenue of $16.4B vs $16.4B expected (+0.0%). Beat on both top and bottom lines.

EPS beat +1.8%
Rev beat +0.0%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Estimate

Actual

Q3 26

+1.8%

Revenue trend · last 8Q

+4%

-6%

-8%

-2%

-2%

+0%

+2%

Q4 22

Q2 23

Q4 23

Q2 24

Q4 24

Q2 25

Q4 25

Q2 26

$20.1B

$18.2B

$18.8B

$16.7B

$13.5B

$12.1B

$13.5B

$16.8B

Margins · last 8Q

Gross

Operating

Profit

26.1%

Wall Street consensus

3 analysts · 67% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

2

67%

Hold

0%

Sell

1

33%

Median Price Target

Latest: Morgan Stanley · Sep 7, 2026

vs Industry

How BTI stacks vs Tobacco

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

Industry comparison data unavailable for this stock.