British American Tobacco p.l.c. American Depositary Shares, American Depositary Shares, each representing one Ordinary Share (BTI) Valuation

The third-largest tobacco company by volume, British American Tobacco sold 465 billion cigarettes in 2025. Its leading brands are Dunhill, Kent, Pall Mall, Lucky Strike, and Rothmans in cigarettes....

British American Tobacco p.l.c. American Depositary Shares, American Depositary Shares, each representing one Ordinary Share (BTI) currently trades at a P/E ratio of 15.95 (historical range: 15.78–17.86, median: 16.24), placing it at the 14th percentile — cheap relative to its history, P/S ratio of 4.84 (range: 4.79–5.42, 14th percentile — cheap relative to its history), EV/EBITDA of 15.51 (range: 15.38–17.00, 14th percentile).

British American Tobacco p.l.c. American Depositary Shares, American Depositary Shares, each representing one Ordinary Share appears significantly undervalued relative to its historical range, trading at depressed multiples across most metrics.