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British American Tobacco p.l.c.

BTI Consumer Defensive Tobacco

British American Tobacco p.l.c.’s revenue for fiscal 2025 (year ended December 2025) was $33.8 billion, up 2.17% from fiscal 2024.

63.11 0.14 +0.22%
Market cap
$135.6B
P/E
8.0×
Fwd P/E
13.9×
Dividend yield
5.27%
F-score
7/9
Altman Z
1.73
Beneish M
−2.24
Dividend safety
32/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

British American Tobacco p.l.c. (BTI) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, British American Tobacco p.l.c. (BTI) trades at a EV/EBITDA of 1.3×. Over the past ten years it has ranged from 0.0× (June 2020) to 1.9× (December 2020); the current reading is higher than 70% of that period. That is below the Tobacco industry median of 10.6× and below the Consumer Defensive sector median of 9.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 1.3× 3.48%
FY2024 1.2× (7.19%)
FY2023 1.3× (14.63%)
FY2022 1.5× (2.10%)
FY2021 1.6× (5.32%)
FY2020 1.7× —
FY2019 0.0× —
FY2018 0.0× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period EV/EBITDA Change
Jun 2023 3.7× (16.03%)
Dec 2022 4.4× (4.11%)
Jun 2022 4.6× 8.63%
Dec 2021 4.3× (6.82%)
6 more quarters

Against its own ten years

Low 0.0× High 1.9×
Ten-year median 1.2×
Current reading's percentile 70

EV/EBITDA against peers

Company EV/EBITDA
ISPR Ispire Technology Inc. compare n/m
RYM RYTHM, Inc. compare n/m
BTI British American Tobacco p.l.c. 1.3×
UVV Universal Corporation compare 7.5×
RLX RLX Technology Inc. Sponsored ADR compare 8.1×
MO Altria Group, Inc. compare 13.0×
TPB Turning Point Brands, Inc. compare 17.5×
PM Philip Morris International Inc. compare 19.0×
AIIR Air Global PLC compare 90.7×
Tobacco industry median 10.6×
Consumer Defensive sector median 9.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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