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The second-largest tobacco company by volume, British American Tobacco sold 505 billion cigarettes in 2024. Its leading brands are Dunhill, Kent, Pall Mall, Lucky Strike, and Rothmans in cigarettes. Its ownership of the Camel, Natural American Spirit, and Newport brands are limited to the us. In next-generation products, the company has the Vuse brand in vaping, Glo in heated tobacco, and Velo in modern oral tobacco. The company also owns a 25.5% stake in ITC limited, the largest Indian cigarette company.
1997
49.0K+
LTM Revenue $34.7B
LTM EBITDA $17.0B
$142B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
British American Tobacco has a last 12-month revenue (LTM) of $34.7B and a last 12-month EBITDA of $17.0B.
In the most recent fiscal year, British American Tobacco achieved revenue of $34.7B and an EBITDA of $11.3B.
British American Tobacco expects next 12-month revenue of XXX and NTM EBITDA of XXX
See British American Tobacco valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $34.7B | XXX | $34.7B | XXX | XXX | XXX |
| Gross Profit | $34.7B | XXX | $28.8B | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 83% | XXX | XXX | XXX |
| EBITDA | $17.0B | XXX | $11.3B | XXX | XXX | XXX |
| EBITDA Margin | 49% | XXX | 33% | XXX | XXX | XXX |
| EBIT | $15.6B | XXX | $12.0B | XXX | XXX | XXX |
| EBIT Margin | 45% | XXX | 35% | XXX | XXX | XXX |
| Net Profit | $10.5B | XXX | $4.1B | XXX | XXX | XXX |
| Net Margin | 30% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $45.0B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, British American Tobacco's stock price is GBP 33 (or $44).
British American Tobacco has current market cap of GBP 72.4B (or $97.2B), and EV of GBP 106B (or $142B).
See British American Tobacco trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $142B | $97.2B | XXX | XXX | XXX | XXX | $4.79 |
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Start Free TrialAs of May 30, 2025, British American Tobacco has market cap of $97.2B and EV of $142B.
British American Tobacco's trades at 4.1x EV/Revenue multiple, and 12.6x EV/EBITDA.
Equity research analysts estimate British American Tobacco's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
British American Tobacco has a P/E ratio of 9.2x.
See valuation multiples for British American Tobacco and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $97.2B | XXX | $97.2B | XXX | XXX | XXX |
| EV (current) | $142B | XXX | $142B | XXX | XXX | XXX |
| EV/Revenue | 4.1x | XXX | 4.1x | XXX | XXX | XXX |
| EV/EBITDA | 8.4x | XXX | 12.6x | XXX | XXX | XXX |
| EV/EBIT | 9.1x | XXX | 11.8x | XXX | XXX | XXX |
| EV/Gross Profit | 4.1x | XXX | n/a | XXX | XXX | XXX |
| P/E | 9.2x | XXX | 23.6x | XXX | XXX | XXX |
| EV/FCF | 14.4x | XXX | 11.1x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialBritish American Tobacco's last 12 month revenue growth is 1%
British American Tobacco's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.3M for the same period.
British American Tobacco's rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
British American Tobacco's rule of X is 51% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for British American Tobacco and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 49% | XXX | 33% | XXX | XXX | XXX |
| EBITDA Growth | -1% | XXX | 18% | XXX | XXX | XXX |
| Rule of 40 | 33% | XXX | 34% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 51% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 4% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 48% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Karelia Tobacco | XXX | XXX | XXX | XXX | XXX | XXX |
| Godfrey Phillips India | XXX | XXX | XXX | XXX | XXX | XXX |
| Eastern Company | XXX | XXX | XXX | XXX | XXX | XXX |
| Ceylon Tobacco Company | XXX | XXX | XXX | XXX | XXX | XXX |
| Scandinavian Tobacco | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
British American Tobacco acquired XXX companies to date.
Last acquisition by British American Tobacco was XXXXXXXX, XXXXX XXXXX XXXXXX . British American Tobacco acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was British American Tobacco founded? | British American Tobacco was founded in 1997. |
| Where is British American Tobacco headquartered? | British American Tobacco is headquartered in United Kingdom of Great Britain and Northern Ireland. |
| How many employees does British American Tobacco have? | As of today, British American Tobacco has 49.0K+ employees. |
| Who is the CEO of British American Tobacco? | British American Tobacco's CEO is Mr. Tadeu Marroco. |
| Is British American Tobacco publicy listed? | Yes, British American Tobacco is a public company listed on LON. |
| What is the stock symbol of British American Tobacco? | British American Tobacco trades under BATS ticker. |
| When did British American Tobacco go public? | British American Tobacco went public in 1962. |
| Who are competitors of British American Tobacco? | Similar companies to British American Tobacco include e.g. Karelia Tobacco, Godfrey Phillips India, Eastern Company, Ceylon Tobacco Company. |
| What is the current market cap of British American Tobacco? | British American Tobacco's current market cap is $97.2B |
| What is the current revenue of British American Tobacco? | British American Tobacco's last 12 months revenue is $34.7B. |
| What is the current revenue growth of British American Tobacco? | British American Tobacco revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of British American Tobacco? | Current revenue multiple of British American Tobacco is 4.1x. |
| Is British American Tobacco profitable? | Yes, British American Tobacco is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of British American Tobacco? | British American Tobacco's last 12 months EBITDA is $17.0B. |
| What is British American Tobacco's EBITDA margin? | British American Tobacco's last 12 months EBITDA margin is 49%. |
| What is the current EV/EBITDA multiple of British American Tobacco? | Current EBITDA multiple of British American Tobacco is 8.4x. |
| What is the current FCF of British American Tobacco? | British American Tobacco's last 12 months FCF is $9.9B. |
| What is British American Tobacco's FCF margin? | British American Tobacco's last 12 months FCF margin is 28%. |
| What is the current EV/FCF multiple of British American Tobacco? | Current FCF multiple of British American Tobacco is 14.4x. |
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