BTAFF (British American Tobacco) Construction In Progress: $870 Mil (As of Dec. 2025)


BTAFF British American Tobacco PLC BTAFF
67 GF Score
Price $61.43
GF Value $36.04
Valuation Significantly Overvalued
! 6 Warning Signs
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What is British American Tobacco Construction In Progress?

British American Tobacco BTAFF -0.31% 67 Construction In Progress is $870 Mil as of Dec. 2025. GuruFocus rates BTAFF with a GF Score™ of 67/100 and a GF Value™ of $36.04 (Significantly Overvalued). The stock has 6 warning signs investors should review.

British American Tobacco's quarterly construction in progress declined from Dec. 2024 ($760 Mil) to Jun. 2025 ($0 Mil) but then increased from Jun. 2025 ($0 Mil) to Dec. 2025 ($870 Mil).

British American Tobacco's annual construction in progress declined from Dec. 2023 ($828 Mil) to Dec. 2024 ($760 Mil) but then increased from Dec. 2024 ($760 Mil) to Dec. 2025 ($870 Mil).

British American Tobacco Construction In Progress Historical Data

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The historical data trend for British American Tobacco's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

British American Tobacco Construction In Progress Chart

British American Tobacco Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 938.83 934.23 827.85 759.80 870.15

British American Tobacco Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 827.85 0.00 759.80 0.00 870.15
BTAFF
67GF Score
British American Tobacco PLC BTAFF
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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British American Tobacco Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $870 Mil mean?
British American Tobacco (BTAFF) has a Construction In Progress of $870 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on British American Tobacco and its competitors.
Is British American Tobacco's Construction In Progress too high?
British American Tobacco's current Construction In Progress is $870 Mil. Overall, British American Tobacco has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does British American Tobacco's Construction In Progress compare to PM and MO?
British American Tobacco's Construction In Progress of $870 Mil can be compared against companies in the Tobacco Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Tobacco Products company?
A good Construction In Progress depends on the Tobacco Products industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on British American Tobacco and its competitors. British American Tobacco's current Construction In Progress is $870 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is British American Tobacco stock overvalued right now?
Based on GuruFocus' analysis, British American Tobacco (BTAFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $36.04, compared to a current price of $61.43 — trading 70.5% above its estimated fair value. The current Construction In Progress is $870 Mil. British American Tobacco's overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For British American Tobacco (BTAFF), the current Construction In Progress is $870 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is British American Tobacco (BTAFF) Overvalued in 2026?

Based on GuruFocus' analysis, British American Tobacco stock appears to be overvalued. The current stock price of $61.43 is trading 70.5% above its estimated GF Value™ of $36.04. GuruFocus considers British American Tobacco to be Significantly Overvalued.

Key valuation signals for BTAFF:

  • Construction In Progress: $870 Mil
  • GF Value™: $36.04 vs. price of $61.43 (70.5% above fair value)
  • GF Score™: 67/100 with 6 warning signs

No single metric tells the full story. See the BTAFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

British American Tobacco Business Description

Address Globe House, 4 Temple Place, London, GBR, WC2R 2PG
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. 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 22.9% stake in ITC limited, the largest Indian cigarette company.
67GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$61.43
Price
$36.04
GF Value