Friday 6 November 2026 Export BTI’s income statement to Excel — free account

British American Tobacco p.l.c.

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%

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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

British American Tobacco p.l.c. (BTI) P/B ratio

Alert me on P/B ratio

British American Tobacco p.l.c. has no meaningful P/B ratio: its trailing twelve-month book value is negative. Over the past ten years it has ranged from 0.0× (November 2026) to 0.0× (November 2026) — the current reading is the highest in ten years.

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<iframe src="https://stockrow.com/embed/BTI/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="British American Tobacco p.l.c. P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/BTI/metrics/pb-ratio">British American Tobacco p.l.c. (BTI) P/B ratio — stockrow.com</a></p>

Period	P/B ratio	Change
FY2025	0.0×	—
FY2024	0.0×	—
FY2023	0.0×	—
FY2022	0.0×	—
FY2021	0.0×	—
FY2020	0.0×	—
FY2019	0.0×	—
FY2018	0.0×	—
FY2017	0.0×	—
FY2016	0.0×	—

Period	P/B ratio	Change
Jun 2023	0.8×	(16.40%)
Dec 2022	1.0×	(6.74%)
Jun 2022	1.0×	13.03%
Dec 2021	0.9×	(9.29%)
6 more quarters	Free account

Against its own ten years

Low 0.0× High 0.0×

Ten-year median 0.0×

Current reading's percentile 100

Company	P/B ratio
ISPR Ispire Technology Inc. compare	n/m
BTI British American Tobacco p.l.c.	n/m
PM Philip Morris International Inc. compare	n/m
MO Altria Group, Inc. compare	n/m
UVV Universal Corporation compare	0.7×
RLX RLX Technology Inc. Sponsored ADR compare	0.9×
RYM RYTHM, Inc. compare	2.9×
TPB Turning Point Brands, Inc. compare	3.0×
AIIR Air Global PLC compare	5.6×
Tobacco industry median	0.9×
Consumer Defensive sector median	1.7×
Market median	1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

British American Tobacco p.l.c. (BTI) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on BTI

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on BTI

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