British American Tobacco Kenya (NAI:BAT) EV-to-EBITDA: 6.02 (As of Aug. 17, 2026) — 32% Above 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
69 GF Score
Price KES524.00
GF Value KES354.17
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

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

British American Tobacco Kenya NAI:BAT -6.60% 69 EV-to-EBITDA is 6.02 as of Aug. 17, 2026, which is 32% above its 10-year median of 4.57. GuruFocus rates NAI:BAT with a GF Score™ of 69/100 and a GF Value™ of KES354.17 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 39 Tobacco Products companies, British American Tobacco Kenya ranks better than 76.92% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, British American Tobacco Kenya's enterprise value is KES46,254 Mil. British American Tobacco Kenya's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was KES7,684 Mil. Therefore, British American Tobacco Kenya's EV-to-EBITDA for today is 6.02.

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

NAI:BAT' s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.57   Med: 4.57   Max: 7.74
Current: 6.02

During the past 7 years, the highest EV-to-EBITDA of British American Tobacco Kenya was 7.74. The lowest was 3.57. And the median was 4.57.

NAI:BAT's EV-to-EBITDA is ranked better than
76.92% of 39 companies
in the Tobacco Products industry
Industry Median: 9.13 vs NAI:BAT: 6.02

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-08-17), British American Tobacco Kenya's stock price is KES524.00. British American Tobacco Kenya's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was KES52.460. Therefore, British American Tobacco Kenya's PE Ratio (TTM) for today is 9.99.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


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

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

British American Tobacco Kenya's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=524.00/52.460
=9.99

British American Tobacco Kenya's share price for today is KES524.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. British American Tobacco Kenya's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was KES52.460.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


British American Tobacco Kenya EV-to-EBITDA Related Terms


British American Tobacco Kenya EV-to-EBITDA Historical Data

* Premium members only.

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

British American Tobacco Kenya Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial 4.12 4.11 4.37 4.42 4.72

British American Tobacco Kenya Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.37 0.00 4.42 0.00 4.72

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

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

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

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


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

British American Tobacco Kenya EV-to-EBITDA Calculation

British American Tobacco Kenya's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=46254.403/7684.072
=6.02

British American Tobacco Kenya's current Enterprise Value is KES46,254 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. British American Tobacco Kenya's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was KES7,684 Mil.

* 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 EV-to-EBITDA →
What does a EV-to-EBITDA of 6.02 mean?
British American Tobacco Kenya (NAI:BAT) has a EV-to-EBITDA of 6.02 as of Aug. 17, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on British American Tobacco Kenya. This is 32% above median its historical median of 4.57. Over the past decade, British American Tobacco Kenya's EV-to-EBITDA has ranged from 3.57 to 7.74. According to the industry distribution chart, British American Tobacco Kenya ranks #9 out of 39 companies in the Tobacco Products industry, placing it in the top 23.1%.
Is British American Tobacco Kenya's EV-to-EBITDA too high?
British American Tobacco Kenya's current EV-to-EBITDA of 6.02 is 32% above median its 10-year median of 4.57. Over the past 10 years, this metric has ranged from a low of 3.57 to a high of 7.74. The Tobacco Products industry median EV-to-EBITDA is 9.13. British American Tobacco Kenya's value of 6.02 is 34.1% below this industry median. Based on the distribution chart, British American Tobacco Kenya ranks #9 out of 39 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 EV-to-EBITDA compare to PM and MO?
According to the Tobacco Products industry distribution chart, British American Tobacco Kenya ranks #9 out of 39 companies for EV-to-EBITDA. This places British American Tobacco Kenya in the top 23% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 9.13. British American Tobacco Kenya's value of 6.02 is 34.1% below this benchmark. Historically, British American Tobacco Kenya's own EV-to-EBITDA has ranged from 3.57 to 7.74 over the past decade. While the company's 10-year median is 4.57 vs. the industry median of 9.13, 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 EV-to-EBITDA for a Tobacco Products company?
The median EV-to-EBITDA among Tobacco Products companies is 9.13, based on 39 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-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 EV-to-EBITDA of 6.02 is 34.1% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on British American Tobacco Kenya. For the Tobacco Products industry, the median EV-to-EBITDA is 9.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. British American Tobacco Kenya's current EV-to-EBITDA is 6.02, which is 32% above median its own 10-year median of 4.57. 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 KES354.17, compared to a current price of KES524.00 — trading 48% above its estimated fair value. The current EV-to-EBITDA is 6.02, which is 32% above median its 10-year median of 4.57 and 34.1% below the Tobacco Products industry median of 9.13. 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 EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For British American Tobacco Kenya (NAI:BAT), the current EV-to-EBITDA is 6.02 as of Aug. 17, 2026. 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 KES524.00 is trading 48% above its estimated GF Value™ of KES354.17. GuruFocus considers British American Tobacco Kenya to be Significantly Overvalued.

Key valuation signals for NAI:BAT:

  • EV-to-EBITDA: 6.02 (32% above median its 10-year median of 4.57)
  • GF Value™: KES354.17 vs. price of KES524.00 (48% above fair value)
  • GF Score™: 69/100 with 6 warning signs
  • Industry Position: 34.1% below the Tobacco Products median (#9 of 39)

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

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

KES524.00
Price
KES354.17
GF Value