British American Tobacco Kenya (NAI:BAT) EV-to-OCF: 7.52 (As of Sep. 12, 2026) — 13% Above 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
67 GF Score
Price KES560.00
GF Value KES352.82
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

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

British American Tobacco Kenya NAI:BAT +0.36% 67 EV-to-OCF is 7.52 as of Sep. 12, 2026, which is 13% above its 10-year median of 6.66. GuruFocus rates NAI:BAT with a GF Score™ of 67/100 and a GF Value™ of KES352.82 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 46 Tobacco Products companies, British American Tobacco Kenya ranks better than 50% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, British American Tobacco Kenya's Enterprise Value is KES49,854 Mil. British American Tobacco Kenya's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was KES6,633 Mil. Therefore, British American Tobacco Kenya's EV-to-OCF for today is 7.52.

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

NAI:BAT' s EV-to-OCF Range Over the Past 10 Years
Min: 3.73   Med: 6.66   Max: 9.93
Current: 7.62

During the past 7 years, the highest EV-to-OCF of British American Tobacco Kenya was 9.93. The lowest was 3.73. And the median was 6.66.

NAI:BAT's EV-to-OCF is ranked better than
50% of 46 companies
in the Tobacco Products industry
Industry Median: 8.075 vs NAI:BAT: 7.62

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.

As of today (2026-09-12), British American Tobacco Kenya's stock price is KES560.00. 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 10.67.


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

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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)
=560.00/52.460
=10.67

British American Tobacco Kenya's share price for today is KES560.00.
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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.


British American Tobacco Kenya EV-to-OCF Related Terms


British American Tobacco Kenya EV-to-OCF Historical Data

* Premium members only.

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

British American Tobacco Kenya Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial 6.60 7.77 7.01 4.10 5.99

British American Tobacco Kenya Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EV-to-OCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.01 0.00 4.10 0.00 5.99

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

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

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

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


NAI:BAT
67GF Score
British American Tobacco Kenya PLC NAI:BAT
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

British American Tobacco Kenya EV-to-OCF Calculation

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

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=49854.403/6633.154
=7.52

British American Tobacco Kenya's current Enterprise Value is KES49,854 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. British American Tobacco Kenya's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was KES6,633 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-OCF →
What does a EV-to-OCF of 7.52 mean?
British American Tobacco Kenya (NAI:BAT) has a EV-to-OCF of 7.52 as of Sep. 12, 2026. This is 13% above median its historical median of 6.66. Over the past decade, British American Tobacco Kenya's EV-to-OCF has ranged from 3.73 to 9.93. According to the industry distribution chart, British American Tobacco Kenya ranks #23 out of 46 companies in the Tobacco Products industry, placing it in the top 50%.
Is British American Tobacco Kenya's EV-to-OCF too high?
British American Tobacco Kenya's current EV-to-OCF of 7.52 is 13% above median its 10-year median of 6.66. Over the past 10 years, this metric has ranged from a low of 3.73 to a high of 9.93. The Tobacco Products industry median EV-to-OCF is 8.08. British American Tobacco Kenya's value of 7.52 is 6.9% below this industry median. Based on the distribution chart, British American Tobacco Kenya ranks #23 out of 46 companies in the Tobacco Products industry, which is above the industry midpoint. Overall, British American Tobacco Kenya 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 Kenya's EV-to-OCF compare to PM and MO?
According to the Tobacco Products industry distribution chart, British American Tobacco Kenya ranks #23 out of 46 companies for EV-to-OCF. This puts British American Tobacco Kenya in the upper half of its industry. The industry median EV-to-OCF is 8.08. British American Tobacco Kenya's value of 7.52 is 6.9% below this benchmark. Historically, British American Tobacco Kenya's own EV-to-OCF has ranged from 3.73 to 9.93 over the past decade. While the company's 10-year median is 6.66 vs. the industry median of 8.08, 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-OCF for a Tobacco Products company?
The median EV-to-OCF among Tobacco Products companies is 8.08, based on 46 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF 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-OCF of 7.52 is 6.9% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Tobacco Products industry, the median EV-to-OCF is 8.08 — 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-OCF is 7.52, which is 13% above median its own 10-year median of 6.66. 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 KES352.82, compared to a current price of KES560.00 — trading 58.7% above its estimated fair value. The current EV-to-OCF is 7.52, which is 13% above median its 10-year median of 6.66 and 6.9% below the Tobacco Products industry median of 8.08. British American Tobacco Kenya'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 EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For British American Tobacco Kenya (NAI:BAT), the current EV-to-OCF is 7.52 as of Sep. 12, 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 KES560.00 is trading 58.7% above its estimated GF Value™ of KES352.82. GuruFocus considers British American Tobacco Kenya to be Significantly Overvalued.

Key valuation signals for NAI:BAT:

  • EV-to-OCF: 7.52 (13% above median its 10-year median of 6.66)
  • GF Value™: KES352.82 vs. price of KES560.00 (58.7% above fair value)
  • GF Score™: 67/100 with 6 warning signs
  • Industry Position: 6.9% below the Tobacco Products median (#23 of 46)

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.
67GF Score

Get the complete analysis for NAI:BAT

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

KES560.00
Price
KES352.82
GF Value