BTI

British American Tobacco

Consumer Defensive Tobacco NYSE

About the company

In the ever-evolving landscape of the global tobacco industry, British American Tobacco (BAT) has emerged as a formidable player. With the acquisition of Reynolds American, BAT has cemented its position as one of the largest listed tobacco companies worldwide. In terms of net revenue, BAT now stands shoulder-to-shoulder with its competitor, Philip Morris International (PMI), while trailing slightly behind in total tobacco volume. One of the cornerstones of BAT's success lies in its impressive portfolio of Global Drive Brands, which includes iconic names like Dunhill, Kent, Pall Mall, Lucky Strike, and Rothmans. These brands have gained recognition and loyalty from consumers all over the world, solidifying BAT's presence in various markets. Furthermore, BAT's influence extends to the United States, where it owns popular cigarette brands such as Newport and Camel. Recognizing the shifting preferences of consumers, BAT has ventured into the realm of alternative products. Embracing the rise of electronic cigarettes, BAT has made significant strides with its Vuse brand. These vapor e-cigarettes offer a smokeless and potentially less harmful alternative to traditional cigarettes. Additionally, BAT has tapped into the emerging trend of heated tobacco with its Glo brand, providing smokers with a potentially reduced-risk option. To cater to modern preferences, BAT has also ventured into the realm of modern oral tobacco products with Velo, offering convenience and a smoke-free experience. BAT's global reach extends beyond conventional tobacco products. The company holds a substantial stake of 29% in ITC Limited, India's leading cigarette-maker. This strategic partnership allows BAT to tap into the vast potential of the Indian market, leveraging its expertise and resources to capitalize on the growing demand for tobacco products in this rapidly expanding economy. However, as with any tobacco company, BAT faces myriad challenges. The rise of health awareness campaigns, increased regulation, and changing societal perceptions towards smoking pose significant obstacles in the path of future growth. BAT, like its competitors, must navigate this complex landscape, adapting to shifting preferences and consumer demands, all while ensuring compliance with ever-stricter regulations. In response to these challenges, BAT continues to invest in innovation and research. The company strives to develop safer and less harmful alternatives, investing in scientific research to better understand the potential risks and benefits of their products. By fostering a culture of responsible marketing and providing transparent information, BAT aims to establish itself as a trusted and respected player within the industry. The acquisition of Reynolds American has undeniably strengthened BAT's position in the global tobacco market. With an extensive portfolio of brands, a presence in alternative product categories, and a strategic partnership in India, BAT is poised to compete fiercely with industry leaders like PMI. The future will undoubtedly bring new challenges, but BAT's commitment to innovation and responsible practices positions the company for continued success in the dynamic world of tobacco.

Website: https://www.bat.com

Data updated: June 2, 2026

Sector comparison

We compare this company with the typical (middle) company in the same industry to show how it looks against similar businesses. This is information, not a recommendation.

Consumer Defensive · 261 peers in sector

Metric BTI Sector median Vs. industry
P/E 12.98 18.41 ↓ Below average
EPS 4.70 USD 0.29 USD ↑ Above average
Dividend yield 5.47% 0.00% ↑ Above average
Profit margin 30.32% 1.52% ↑ Above average
ROE 15.82% 2.66% ↑ Above average

Higher and lower here are only a comparison with the typical company in the industry — a higher or lower value on its own does not mean better or worse.

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Frequently Asked Questions

What is British American Tobacco?
In the ever-evolving landscape of the global tobacco industry, British American Tobacco (BAT) has emerged as a formidable player. With the acquisition of Reynolds American, BAT has cemented its position as one of the largest listed tobacco companies worldwide. In terms of net revenue, BAT now stands shoulder-to-shoulder with its competitor, Philip Morris International (PMI), while trailing slightly behind in total tobacco volume. One of the cornerstones of BAT's success lies in its impressive portfolio of Global Drive Brands, which includes iconic names like Dunhill, Kent, Pall Mall, Lucky Strike, and Rothmans. These brands have gained recognition and loyalty from consumers all over the world, solidifying BAT's presence in various markets. Furthermore, BAT's influence extends to the United States, where it owns popular cigarette brands such as Newport and Camel. Recognizing the shifting preferences of consumers, BAT has ventured into the realm of alternative products. Embracing the rise of electronic cigarettes, BAT has made significant strides with its Vuse brand. These vapor e-cigarettes offer a smokeless and potentially less harmful alternative to traditional cigarettes. Additionally, BAT has tapped into the emerging trend of heated tobacco with its Glo brand, providing smokers with a potentially reduced-risk option. To cater to modern preferences, BAT has also ventured into the realm of modern oral tobacco products with Velo, offering convenience and a smoke-free experience. BAT's global reach extends beyond conventional tobacco products. The company holds a substantial stake of 29% in ITC Limited, India's leading cigarette-maker. This strategic partnership allows BAT to tap into the vast potential of the Indian market, leveraging its expertise and resources to capitalize on the growing demand for tobacco products in this rapidly expanding economy. However, as with any tobacco company, BAT faces myriad challenges. The rise of health awareness campaigns, increased regulation, and changing societal perceptions towards smoking pose significant obstacles in the path of future growth. BAT, like its competitors, must navigate this complex landscape, adapting to shifting preferences and consumer demands, all while ensuring compliance with ever-stricter regulations. In response to these challenges, BAT continues to invest in innovation and research. The company strives to develop safer and less harmful alternatives, investing in scientific research to better understand the potential risks and benefits of their products. By fostering a culture of responsible marketing and providing transparent information, BAT aims to establish itself as a trusted and respected player within the industry. The acquisition of Reynolds American has undeniably strengthened BAT's position in the global tobacco market. With an extensive portfolio of brands, a presence in alternative product categories, and a strategic partnership in India, BAT is poised to compete fiercely with industry leaders like PMI. The future will undoubtedly bring new challenges, but BAT's commitment to innovation and responsible practices positions the company for continued success in the dynamic world of tobacco.
Are British American Tobacco shares expensive?
The price-to-earnings (P/E) ratio of British American Tobacco is 12.98 — the share price is 12.98 times the annual profit per share. That is lower than the typical company in the same industry (industry median: 18.41). This is information, not a recommendation. (as of 2026-06-02)
How big is British American Tobacco?
The market capitalization of British American Tobacco — the combined value of all its shares — is 131.85 B USD. The higher the market cap, the larger the company. (as of 2026-06-02)
Does British American Tobacco pay dividends?
The dividend yield of British American Tobacco is 5.47% — it shows the annual dividend relative to the share price. This is information, not a recommendation. (as of 2026-06-02)
What sector does British American Tobacco belong to?
British American Tobacco operates in the Consumer Defensive sector, industry: Tobacco.

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