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British American Tobacco BTI

US equityMarket cap rank #126
$56.09
+$0.24 (+0.43%)
Market open · Sep 24, 2:00 pm ET
After hours $55.90 +0.10%
Open$56.32
Prev close$55.85
Day range$55.92 – $56.52
Volume2.19M
Market cap$120.73B
P/E (TTM)14.6
Dividend yield5.81%

Price chart

Daily bars for up to one year, weekly bars for the 5-year view. Averages are 50/200 trading days (10/40 weeks on the 5-year view).

BTI at a glance

BTI last changed hands at $56.09 (up 0.43%). At $120.73B, British American Tobacco is ranked #126 by size among the 300 stocks on BeStock.

Over the past 52 weeks it has traded between $47.80 and $66.38, so it sits 15.5% below the top of that range. Holders are ahead 13.5% over twelve months, but down 7.4% across the last three months.

On the chart it has slipped under both the 50-day ($57.83) and 200-day ($58.12) moving averages; RSI is 46, and the last 30 sessions moved at roughly 21% annualized volatility.

For the quarter ended Dec 2008 it reported £3.42B in revenue, up 26.3% from a year earlier, with £604.00M of net profit (a 24.6% margin).

Valuation works out to 14.6 times trailing earnings, 32% above its five-year average of 11.0.

2 analysts follow the stock and the average call is "buy". The mean target, $68.10, sits 21.4% over where the stock trades.

This summary is put together from the numbers on the page and updates when they do. It describes the data; it is not a forecast or a recommendation.

British American Tobacco: the business

British American Tobacco makes cigarettes such as Lucky Strike and Dunhill, plus vapor and nicotine pouch products.

What tends to move it. Cigarette volumes keep falling, so investors focus on pricing power, how fast the new-category products grow and the dividend.

Written by hand by the BeStock desk and revised when a business changes. See how we work. Spot something out of date? Tell us.

Performance

Price return over each window, from adjusted daily and weekly closes

1 day
+0.4%
1 week
+0.0%
1 month
-1.1%
3 months
-7.4%
6 months
-0.1%
Year to date
+1.9%
1 year
+13.5%
Day range
$55.92$56.52
52-week range
$47.80$66.38

Technical signals

Full technicals →
Trend readLeaning bearish

3 bullish · 4 bearish of 7 signals

IndicatorValueSignal
Price vs 20-day average+0.4%Bullish
Price vs 50-day average-3.0%Bearish
Price vs 200-day average-3.5%Bearish
50-day vs 200-day50d below 200dBearish
RSI (14)45.8Bearish
MACD (12,26,9)-0.43Bullish
Bollinger band position58%Bullish

Standard indicator readings worked out from daily closes. They describe how the price has behaved, not where it is going.

Key statistics

Bid / Ask$56.07 / $56.09
Average price today$56.21
Volume2.19MAvg (90d) 4.41M
Turnover$123.26M
Turnover rate0.11%of shares outstanding
Volume ratio0.73vs. recent average pace
Day amplitude1.08%
Market cap$120.73B
Float market cap$109.96B
Shares outstanding1.96B
EPS (TTM)$4.62
P/E (TTM)14.57
P/B1.88
Book value / share$29.76
Earnings yield0.13%
Dividend (TTM)$3.26 / shareYield 5.81%
Net profit (TTM)$9.95B
Net assets$64.05B
30-day volatility21.0%annualized
Avg daily range (ATR)1.75%of price, 14 days
Max drawdown (1y)-17.4%-14.7% from 1y peak

Quote as of Sep 24, 2026 2:00 pm ET. Prices can lag the live tape. This is background information, not a recommendation.

How BTI ranks on BeStock

Market value#126 of 300
P/E (cheapest = 1)#19 of 283
Dividend yield#13 of 244
Closeness to 52-week high#181 of 300
Dollar volume today#235 of 300

Ranks are among the 300 or so U.S.-listed stocks BeStock covers, recalculated whenever prices refresh. A row is left out when the measure does not apply, such as yield for a stock that pays no dividend.

Latest reported quarter: Q4, ended Dec 2008 · reported in GBP

Revenue£3.42B+26.3% YoY
Operating profit-£2.78B-523.0% YoY
Net profit£604.00M+25.6% YoY
Diluted EPS£0.28+23.3% YoY
Free cash flow£2.53B+69.2% YoY
Operating cash flow£3.07B

Revenue, last 8 quarters

£2.2BMar '07£2.5BJun '07£2.6BSep '07£2.7BDec '07£2.5BMar '08£2.9BJun '08£3.2BSep '08£3.4BDec '08

Net profit, last 8 quarters

£538.0MMar '07£630.0MJun '07£638.0MSep '07£481.0MDec '07£647.0MMar '08£697.0MJun '08£711.0MSep '08£604.0MDec '08

Profitability & balance sheet

Gross margin83.6%
Operating margin42.1%
Net margin24.6%
Return on equity13.3%
Return on assets5.8%
Return on invested capital8.9%
Current ratio0.84
Liabilities / assets55.2%
Cash & investments£2.53B
Total debt£31.05B
Net cash (debt)-£28.51B
Free cash flow / sales26.0%

Where the revenue comes from

Quarter 2025/FY

By business line

  • Combustibles£20.20B 78.9%
  • Vapour£1.54B 6.0%
  • Modern Oral£1.17B 4.5%
  • Traditional Oral£1.04B 4.1%
  • Heated Products (HP)£914.00M 3.6%
  • Other£745.00M 2.9%

By region

  • US£11.53B 45.0%
  • Americas and Europe (AME)£9.31B 36.3%
  • Asia-Pacific, Middle East and Africa (APMEA)£4.77B 18.6%
Average move on report day±3.6%last 16 reports
Closed higher7 of 1644% of the time
Best reaction+7.2%
Worst reaction-8.5%

Stock move on the day after each report

+0.4%2022/Q2-1.6%2022/Q4-8.5%2023/Q2+4.0%2024/Q2-7.3%2024/Q4+1.0%2025/Q2+0.5%2025/Q4-0.9%2026/Q2

"Implied move" is the size of move the options market was pricing ahead of the report. Move is the stock’s change on the first session after the release.

Valuation

Multiples measured against the stock's own five-year history

Valuation detail →
Price / earnings14.4x
CheapRich

Above its usual level · 78th percentile, 5-year average 11.0x

#1052 of 2974 stocks by PE (1 = cheapest)

Price / book1.9x
CheapRich

Near the top of its 5-year range · 82nd percentile, 5-year average 1.3x

#2731 of 5300 stocks by PB (1 = cheapest)

Price / sales3.5x
CheapRich

Near the top of its 5-year range · 82nd percentile, 5-year average 2.7x

#3314 of 5139 stocks by PS (1 = cheapest)

P/E over five years

-8x6x21x35xSep '21Mar '24Sep '26

Dashed line is the 5-year average; the shaded band is one standard deviation either side.

Morningstar fair value estimate

Fair value$63.00
Price vs. fair value-11.0%Trading below the estimate
Star rating★★★★☆
Economic moatWide
UncertaintyMedium

Analyst view

All ratings →
ConsensusBuy
Analysts2
Average target$68.10+21.4% vs. price
  • Buy 100%

Latest rating actions

  • 7 Sep 2026Morgan StanleyBUY · PT $68.10
  • 30 Jul 2026BofA SecuritiesBUY

Ownership & positioning

Who holds it, who is betting against it, and where the big money is moving

Ownership detail →
Institutional ownership96.3%-0.35 pts vs. prior quarter
Institutions holding1,428-18 vs. prior quarter
Short interest0.13% of floatDays to cover 1.0 · as of 31 Aug 2026
Short-sale volume share13.1%5-day average of daily volume

Short-sale volume as % of daily volume

7%11%15%20%Aug '26Sep '26Sep '26

Large-order net flow, last 20 sessions

Net of large-order buying minus selling, in USD. Over this window: −$113.08M (6 inflow days, 14 outflow days).

Dividends

Dividend yield (TTM)5.81%
Upcoming dividend$0.83Ex-date 29 Dec 2026
Next-to-last$0.83
Payments on file40

Dividends paid per share, by year

2.5220182.5620192.7320202.9420212.6420222.9020232.9820243.212025

Across the full calendar years shown, the annual payout grew by roughly 3.5% a year.

Latest headlines

More news →
  • Argus Research Upgrades British American Tobacco(BTI.US) to Buy Rating, Announces Target Price $62Market news · 8 Sep 2026
  • Morgan Stanley Maintains British American Tobacco(BTI.US) With Sell Rating, Raises Target Price to $40Market news · 15 Aug 2026
  • BofA Securities Initiates British American Tobacco(BTI.US) With Buy RatingMarket news · 31 Jul 2026
  • Morgan Stanley Maintains British American Tobacco(BTI.US) With Sell Rating, Raises Target Price to $35.5Market news · 5 Jun 2026
  • Cinda Securities: British American Tobacco (BTI.US) Releases First-Half 2026 Profit Guidance; New Tobacco Products Outperform Growth ExpectationsZhitong Finance · 4 Jun 2026
  • Traditional tobacco giant amputates to survive: British American Tobacco (BTI.US) cuts one-fifth of its global workforce.Zhitong Finance · 29 Jun 2026

BTI stock: common questions

What is BTI's latest share price?

$56.09 is the latest print for BTI, a move of +0.43% against yesterday's close of $55.85. Today's low and high so far: $55.92 and $56.52.

What is BTI worth in total?

Equity value comes to $120.73B at the current price. By that measure it is number 126 of the 300 names in our coverage.

What multiple of earnings does BTI sell for?

Buyers pay 14.6 times the last twelve months of profit (EPS $4.62). Averaged over five years the multiple has been 11.0, and today's level ranks in the 78th percentile of its own history.

How far is BTI from its yearly high?

The year's floor is $47.80 and the ceiling $66.38. Shares are 15.5% away from that ceiling.

Are there dividends on British American Tobacco shares?

It does. Payouts over the past twelve months work out to a 5.81% yield; the latest ex-dividend date was July 10, 2026.

Do Wall Street analysts like BTI?

Of 2 analysts, 100% say buy, 0% hold and 0% sell. Price targets average $68.10, with the most cautious at $68.10 and the most optimistic at $68.10.

How does British American Tobacco make money?

British American Tobacco makes cigarettes such as Lucky Strike and Dunhill, plus vapor and nicotine pouch products.

BeStock publishes market data and analysis for information only. Nothing here is investment advice or a solicitation to buy or sell any security. Quotes may be delayed and figures can contain errors; check primary sources before you trade. How we source and calculate these pages.

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