British American Tobacco p.l.c.
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from British American Tobacco p.l.c.'s yearly results (2022–2025), compared with Consumer Defensive companies in United Kingdom. Tap ? on any ratio for what it means.
What stands out
- Tangible Assets Ratio: Of every £100 the company owns, £20 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles. Less tangible than 95% of Consumer Defensive companies in United Kingdom.
- Self-Funding Ratio: Over the last 3 years its own operating cash covered its investment spending (capex) 14.2 times. Higher than 85% of Consumer Defensive companies in United Kingdom.
- Debt Due Cover Ratio: Debt due within a year is covered 2.0 times by its yearly operating cash. Lower than 85% of Consumer Defensive companies in United Kingdom.
Where £100 of sales goes
Latest year (Dec 2025). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
—Loss-making or profit too small
Over the last 3 years profit was a loss or under 2% of sales, so cash per 100 of profit is not meaningful.
Self-Funding Ratio
14.2×Over the last 3 years its own operating cash covered its investment spending (capex) 14.2 times.
Higher than 85% of Consumer Defensive companies in United Kingdom.
Cash Locked Ratio
−£9Money owed to suppliers is larger than money owed by customers plus stock: £9 per £100 of sales comes from others' credit, against £5 from others' credit three years earlier.
Less money tied up than 75% of Consumer Defensive companies in United Kingdom.
Growth quality
Steadiness Ratio
0/3 · 2/3Sales grew in 0 of the last 3 years; profit grew in 2 of 3.
Less steady than 65% of Consumer Defensive companies in United Kingdom.
Growth Efficiency Ratio
—Sales fell 7%
Sales fell 7% in 3 years, so extra profit per extra sales cannot be measured.
Asset Productivity Ratio
-7% / -29%In 3 years sales changed by -7% while total assets changed by -29%. Sales grew faster than assets.
Balance-sheet strength
Debt Due Cover Ratio
2.0×Debt due within a year is covered 2.0 times by its yearly operating cash.
Lower than 85% of Consumer Defensive companies in United Kingdom.
Cash Cushion Ratio
−33%Debt, after subtracting cash, equals 33% of its market value (net debt).
Tangible Assets Ratio
20%Of every £100 the company owns, £20 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
Less tangible than 95% of Consumer Defensive companies in United Kingdom.
Tangible Net Worth Ratio
NegativeGoodwill and other intangibles are larger than its whole net worth, so its tangible net worth is negative.
Less tangible than 55% of Consumer Defensive companies in United Kingdom.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
British American Tobacco p.l.c. owes £0.55 for every £1 it owns. Net profit rose 153% in the year to Dec 2025, and grew 5% a year on average over 3 years.
Compared with Consumer Defensive companies in United Kingdom · latest annual results Dec 2025.
P/E ratio
15.4Investors pay £15.4 for every £1 of British American Tobacco p.l.c.'s yearly profit, lower than 55% of Consumer Defensive companies in United Kingdom.
P/B ratio
1.99The share price is 1.99 times British American Tobacco p.l.c.'s book value per share, lower than 75% of Consumer Defensive companies in United Kingdom.
Market cap
£96.3 BThe total market value of all of British American Tobacco p.l.c.'s shares at today's price (share price × number of shares), larger than 85% of Consumer Defensive companies in United Kingdom. PosiCap size class: Tito Cap.
Net worth (book value)
£48.4 BWhat British American Tobacco p.l.c. would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (30 Jun 2026).
Book value per share
£22.50Net worth divided by the number of shares. The share price of £44.77 is 2.0 times this, which is the P/B above.
Return on equity (ROE)
13.4%British American Tobacco p.l.c. earned 13.4% on its shareholders' money over the last year, lower than 75% of Consumer Defensive companies in United Kingdom.
Owes vs Owns
0.55×British American Tobacco p.l.c. owes £0.55 for every £1 it owns (moderate), lower than 85% of Consumer Defensive companies in United Kingdom.
Dividend yield
5.59%British American Tobacco p.l.c. pays 5.59% of its share price as dividends a year, higher than 85% of dividend-paying Consumer Defensive companies in United Kingdom.
Revenue growth
-1%Revenue fell 1% in the year to Dec 2025, and shrank 3% a year on average over 3 years.
Profit growth
+153%Net profit rose 153% in the year to Dec 2025, and grew 5% a year on average over 3 years.
Profit margin
30.3%British American Tobacco p.l.c. keeps £30 of every £100 of revenue as net profit.
Cash quality
0.8×Cash from British American Tobacco p.l.c.'s business was 0.8× its reported profit in the year to Dec 2025 — less cash came in than the profit reported.
Interest cover
6.1×British American Tobacco p.l.c.'s operating profit covered its interest costs 6.1 times in the year to Dec 2025.
Cash vs debt
Net debtBritish American Tobacco p.l.c. had £31.6 B more debt than cash (net debt) at Dec 2025.
Questions
What is British American Tobacco p.l.c.'s P/E ratio?
Investors pay £15.4 for every £1 of British American Tobacco p.l.c.'s yearly profit, lower than 55% of Consumer Defensive companies in United Kingdom.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For British American Tobacco p.l.c.: £96.3 B ÷ £48.4 B (30 Jun 2026) = 2.0.
What is British American Tobacco p.l.c.'s return on equity?
British American Tobacco p.l.c. earned 13.4% on its shareholders' money over the last year, lower than 75% of Consumer Defensive companies in United Kingdom.
How much does British American Tobacco p.l.c. owe compared with what it owns?
British American Tobacco p.l.c. owes £0.55 for every £1 it owns (moderate), lower than 85% of Consumer Defensive companies in United Kingdom.
Does British American Tobacco p.l.c. pay a dividend?
Yes. British American Tobacco p.l.c. pays 5.59% of its share price as dividends a year, higher than 85% of dividend-paying Consumer Defensive companies in United Kingdom.
Is British American Tobacco p.l.c.'s revenue growing?
Revenue fell 1% in the year to Dec 2025, and shrank 3% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.