British American Tobacco Kenya (NAI:BAT) Debt-to-EBITDA : 0.01 (As of Dec. 2025) — Near Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NAI:BAT British American Tobacco Kenya PLC NAI:BAT
68 GF Score
Price KES551.00
GF Value KES354.55
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is British American Tobacco Kenya Debt-to-EBITDA?

British American Tobacco Kenya NAI:BAT +0.36% 68 Debt-to-EBITDA is 0.01 as of Dec. 2025, which is at its 10-year median of 0.01. GuruFocus rates NAI:BAT with a GF Score™ of 68/100 and a GF Value™ of KES354.55 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 35 Tobacco Products companies, British American Tobacco Kenya ranks better than 97.14% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

British American Tobacco Kenya's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was KES20 Mil. British American Tobacco Kenya's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was KES52 Mil. British American Tobacco Kenya's annualized EBITDA for the quarter that ended in Dec. 2025 was KES6,918 Mil. British American Tobacco Kenya's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 0.01.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for British American Tobacco Kenya's Debt-to-EBITDA or its related term are showing as below:

NAI:BAT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 0.03
Current: 0.01

During the past 7 years, the highest Debt-to-EBITDA Ratio of British American Tobacco Kenya was 0.03. The lowest was 0.00. And the median was 0.01.

NAI:BAT's Debt-to-EBITDA is ranked better than
97.14% of 35 companies
in the Tobacco Products industry
Industry Median: 1.32 vs NAI:BAT: 0.01

British American Tobacco Kenya  (NAI:BAT) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


British American Tobacco Kenya Debt-to-EBITDA Related Terms


British American Tobacco Kenya Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for British American Tobacco Kenya's Debt-to-EBITDA 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 Kenya Debt-to-EBITDA Chart

British American Tobacco Kenya Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial 0.00 0.00 0.00 0.01 0.01

British American Tobacco Kenya Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.02 0.00 0.01

NAI:BAT vs PM, MO, TPB: Debt-to-EBITDA Comparison

For the Tobacco subindustry, British American Tobacco Kenya's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


British American Tobacco Kenya Debt-to-EBITDA vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, British American Tobacco Kenya's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where British American Tobacco Kenya's Debt-to-EBITDA falls into.


NAI:BAT
68GF Score
British American Tobacco Kenya PLC NAI:BAT
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

British American Tobacco Kenya Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

British American Tobacco Kenya's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(20.262 + 52.405) / 8417.849
=0.01

British American Tobacco Kenya's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(20.262 + 52.405) / 6918.144
=0.01

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is two times the quarterly (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 0.01 mean?
British American Tobacco Kenya (NAI:BAT) has a Debt-to-EBITDA of 0.01 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on British American Tobacco Kenya. This is near median its historical median of 0.01. According to the industry distribution chart, British American Tobacco Kenya ranks #1 out of 35 companies in the Tobacco Products industry, placing it in the top 2.9%.
Is British American Tobacco Kenya's Debt-to-EBITDA too high?
British American Tobacco Kenya's current Debt-to-EBITDA of 0.01 is near median its 10-year median of 0.01. The Tobacco Products industry median Debt-to-EBITDA is 1.32. British American Tobacco Kenya's value of 0.01 is 99.2% below this industry median. Based on the distribution chart, British American Tobacco Kenya ranks #1 out of 35 companies in the Tobacco Products industry, which is in the top quartile — a strong position relative to peers. Overall, British American Tobacco Kenya has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does British American Tobacco Kenya's Debt-to-EBITDA compare to PM and MO?
According to the Tobacco Products industry distribution chart, British American Tobacco Kenya ranks #1 out of 35 companies for Debt-to-EBITDA. This places British American Tobacco Kenya in the top 3% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 1.32. British American Tobacco Kenya's value of 0.01 is 99.2% below this benchmark. While the company's 10-year median is 0.01 vs. the industry median of 1.32, British American Tobacco Kenya has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Tobacco Products company?
The median Debt-to-EBITDA among Tobacco Products companies is 1.32, based on 35 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. British American Tobacco Kenya's current Debt-to-EBITDA of 0.01 is 99.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on British American Tobacco Kenya. For the Tobacco Products industry, the median Debt-to-EBITDA is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. British American Tobacco Kenya's current Debt-to-EBITDA is 0.01, which is near median its own 10-year median of 0.01. 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 Kenya stock overvalued right now?
Based on GuruFocus' analysis, British American Tobacco Kenya (NAI:BAT) is currently considered Significantly Overvalued. The stock's GF Value™ is KES354.55, compared to a current price of KES551.00 — trading 55.4% above its estimated fair value. The current Debt-to-EBITDA is 0.01, which is near median its 10-year median of 0.01 and 99.2% below the Tobacco Products industry median of 1.32. British American Tobacco Kenya's overall GF Score™ is 68/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For British American Tobacco Kenya (NAI:BAT), the current Debt-to-EBITDA is 0.01 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 Kenya (NAI:BAT) Overvalued in 2026?

Based on GuruFocus' analysis, British American Tobacco Kenya stock appears to be overvalued. The current stock price of KES551.00 is trading 55.4% above its estimated GF Value™ of KES354.55. GuruFocus considers British American Tobacco Kenya to be Significantly Overvalued.

Key valuation signals for NAI:BAT:

  • Debt-to-EBITDA: 0.01 (near median its 10-year median of 0.01)
  • GF Value™: KES354.55 vs. price of KES551.00 (55.4% above fair value)
  • GF Score™: 68/100 with 6 warning signs
  • Industry Position: 99.2% below the Tobacco Products median (#1 of 35)

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


British American Tobacco Kenya Business Description

Address 08 Likoni Road, P. O. Box 30000, Industrial Area, Nairobi, KEN, 00100
British American Tobacco Kenya PLC multi-category consumer goods business that operates internationally. The business activities of the company involves activities ranging from the growing of tobacco leaf to the distribution and sale of finished tobacco products and nicotine products without tobacco. The product portfolio of the company comprises a range of high-quality and creative products, including cigarettes (combustible products), cut-rug tobacco (unprocessed tobacco), and potentially reduced-risk category of tobacco-free oral nicotine products.
68GF Score

Get the complete analysis for NAI:BAT

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

KES551.00
Price
KES354.55
GF Value