British American Tobacco Kenya (NAI:BAT) EBITDA Margin %: 30.18% (As of Dec. 2025) — 13% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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
69 GF Score
Price KES579.00
GF Value KES355.31
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is British American Tobacco Kenya EBITDA Margin %?

British American Tobacco Kenya NAI:BAT -0.17% 69 EBITDA Margin % is 30.18% as of Dec. 2025, which is 13% below its 10-year median of 34.87. GuruFocus rates NAI:BAT with a GF Score™ of 69/100 and a GF Value™ of KES355.31 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 48 Tobacco Products companies, British American Tobacco Kenya ranks better than 75% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. British American Tobacco Kenya's EBITDA for the six months ended in Dec. 2025 was KES3,459 Mil. British American Tobacco Kenya's Revenue for the six months ended in Dec. 2025 was KES11,460 Mil. Therefore, British American Tobacco Kenya's EBITDA margin for the quarter that ended in Dec. 2025 was 30.18%.


British American Tobacco Kenya  (NAI:BAT) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


British American Tobacco Kenya EBITDA Margin % Related Terms


British American Tobacco Kenya EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for British American Tobacco Kenya's EBITDA Margin % 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 EBITDA Margin % Chart

British American Tobacco Kenya Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
Get a 7-Day Free Trial 39.28 38.81 34.87 28.43 36.30

British American Tobacco Kenya Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBITDA Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.80 32.20 20.25 36.01 30.18

NAI:BAT vs PM, MO, TPB: EBITDA Margin % Comparison

For the Tobacco subindustry, British American Tobacco Kenya's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs Tobacco Products Industry

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

* The bar in red indicates where British American Tobacco Kenya's EBITDA Margin % falls into.


NAI:BAT
69GF Score
British American Tobacco Kenya PLC NAI:BAT
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

British American Tobacco Kenya EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

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

EBITDA Margin %=EBITDA (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=8417.849/23191.945
=36.30 %

British American Tobacco Kenya's EBITDA Margin % for the quarter that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=3459.072/11459.945
=30.18 %

* 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.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of 30.18% mean?
British American Tobacco Kenya (NAI:BAT) has a EBITDA Margin % of 30.18% as of Dec. 2025. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on British American Tobacco Kenya and its competitors. This is 13% below median its historical median of 34.87. Over the past decade, British American Tobacco Kenya's EBITDA Margin % has ranged from 26.10 to 39.28. According to the industry distribution chart, British American Tobacco Kenya ranks #12 out of 48 companies in the Tobacco Products industry, placing it in the top 25%.
Is British American Tobacco Kenya's EBITDA Margin % too high?
British American Tobacco Kenya's current EBITDA Margin % of 30.18% is 13% below median its 10-year median of 34.87. Over the past 10 years, this metric has ranged from a low of 26.10 to a high of 39.28. The Tobacco Products industry median EBITDA Margin % is 11.19. British American Tobacco Kenya's value of 30.18% is 169.7% above this industry median. Based on the distribution chart, British American Tobacco Kenya ranks #12 out of 48 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 EBITDA Margin % compare to PM and MO?
According to the Tobacco Products industry distribution chart, British American Tobacco Kenya ranks #12 out of 48 companies for EBITDA Margin %. This places British American Tobacco Kenya in the top 25% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 11.19. British American Tobacco Kenya's value of 30.18% is 169.7% above this benchmark. Historically, British American Tobacco Kenya's own EBITDA Margin % has ranged from 26.10 to 39.28 over the past decade. While the company's 10-year median is 34.87 vs. the industry median of 11.19, British American Tobacco Kenya has consistently been above 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 EBITDA Margin % for a Tobacco Products company?
The median EBITDA Margin % among Tobacco Products companies is 11.19, based on 48 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. British American Tobacco Kenya's current EBITDA Margin % of 30.18% is 169.7% above 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on British American Tobacco Kenya and its competitors. For the Tobacco Products industry, the median EBITDA Margin % is 11.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. British American Tobacco Kenya's current EBITDA Margin % is 30.18%, which is 13% below median its own 10-year median of 34.87. 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 KES355.31, compared to a current price of KES579.00 — trading 63% above its estimated fair value. The current EBITDA Margin % is 30.18%, which is 13% below median its 10-year median of 34.87 and 169.7% above the Tobacco Products industry median of 11.19. 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 EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For British American Tobacco Kenya (NAI:BAT), the current EBITDA Margin % is 30.18% 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 KES579.00 is trading 63% above its estimated GF Value™ of KES355.31. GuruFocus considers British American Tobacco Kenya to be Significantly Overvalued.

Key valuation signals for NAI:BAT:

  • EBITDA Margin %: 30.18% (13% below median its 10-year median of 34.87)
  • GF Value™: KES355.31 vs. price of KES579.00 (63% above fair value)
  • GF Score™: 69/100 with 6 warning signs
  • Industry Position: 169.7% above the Tobacco Products median (#12 of 48)

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.
69GF Score

Get the complete analysis for NAI:BAT

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

KES579.00
Price
KES355.31
GF Value