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A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for British American Tobacco Kenya's Debt-to-Equity or its related term are showing as below:
NAI:BAT'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.02
Current: 0.01
During the past 7 years, the highest Debt-to-Equity Ratio of British American Tobacco Kenya was 0.02. The lowest was 0.00. And the median was 0.01.
NAI:BAT's Debt-to-Equity is ranked better than 97.22% of 36
companies
in the Tobacco Products industry
Industry Median: 0.36
vs NAI:BAT: 0.01
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
British American Tobacco Kenya Debt-to-Equity Related Terms
British American Tobacco Kenya Debt-to-Equity Historical Data
* 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-Equity Chart
For the Tobacco subindustry, British American Tobacco Kenya's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, British American Tobacco Kenya's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where British American Tobacco Kenya's Debt-to-Equity falls into.
* 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 (NAI:BAT) has a Debt-to-Equity of 0.01 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on British American Tobacco Kenya and its competitors. This is near median its historical median of 0.01. According to the industry distribution chart, British American Tobacco Kenya ranks #1 out of 36 companies in the Tobacco Products industry, placing it in the top 2.8%.
Is British American Tobacco Kenya's Debt-to-Equity too high?
British American Tobacco Kenya's current Debt-to-Equity of 0.01 is near median its 10-year median of 0.01. The Tobacco Products industry median Debt-to-Equity is 0.36. British American Tobacco Kenya's value of 0.01 is 97.2% below this industry median. Based on the distribution chart, British American Tobacco Kenya ranks #1 out of 36 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 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does British American Tobacco Kenya's Debt-to-Equity compare to PM and MO?
According to the Tobacco Products industry distribution chart, British American Tobacco Kenya ranks #1 out of 36 companies for Debt-to-Equity. This places British American Tobacco Kenya in the top 3% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.36. British American Tobacco Kenya's value of 0.01 is 97.2% below this benchmark. While the company's 10-year median is 0.01 vs. the industry median of 0.36, 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-Equity for a Tobacco Products company?
The median Debt-to-Equity among Tobacco Products companies is 0.36, based on 36 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity 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-Equity of 0.01 is 97.2% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on British American Tobacco Kenya and its competitors. For the Tobacco Products industry, the median Debt-to-Equity is 0.36 — 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-Equity 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 KES353.90, compared to a current price of KES565.00 — trading 59.6% above its estimated fair value. The current Debt-to-Equity is 0.01, which is near median its 10-year median of 0.01 and 97.2% below the Tobacco Products industry median of 0.36. British American Tobacco Kenya's overall GF Score™ is 69/100 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For British American Tobacco Kenya (NAI:BAT), the current Debt-to-Equity 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 KES565.00 is trading 59.6% above its estimated GF Value™ of KES353.90.
GuruFocus considers British American Tobacco Kenya to be Significantly Overvalued.
Key valuation signals for NAI:BAT:
Debt-to-Equity: 0.01 (near median its 10-year median of 0.01)
GF Value™: KES353.90 vs. price of KES565.00 (59.6% above fair value)
Industry Position: 97.2% below the Tobacco Products median (#1 of 36)
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 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.
69GF Score
Get the complete analysis for NAI:BAT
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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