Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, British American Tobacco's Enterprise Value is $176,786 Mil.
British American Tobacco's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $15,897 Mil. Therefore, British American Tobacco's EV-to-EBIT ratio for today is 11.12.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
British American Tobacco (OTCPK:BTAFF) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
British American Tobacco's EV-to-EBIT for today is
British American Tobacco's current Enterprise Value is $176,786 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. British American Tobacco's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $15,897 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
British American Tobacco's EV-to-EBITDA for today is:
British American Tobacco's current Enterprise Value is $176,786 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. British American Tobacco's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was $18,957 Mil.
British American Tobacco's current Enterprise Value is $176,786 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. British American Tobacco's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was $34,503 Mil.
British American Tobacco's current Enterprise Value is $176,786 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. British American Tobacco's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $8,532 Mil.
British American Tobacco's current Enterprise Value is $176,786 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. British American Tobacco's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $7,587 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.
British American Tobacco Enterprise Value Related Terms
British American Tobacco Enterprise Value 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.
For the Tobacco subindustry, British American Tobacco's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, British American Tobacco's Enterprise Value distribution charts can be found below:
* The bar in red indicates where British American Tobacco's Enterprise Value falls into.
British American Tobacco Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
British American Tobacco's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
What does a Enterprise Value of $176,786 Mil mean?
British American Tobacco (BTAFF) has a Enterprise Value of $176,786 Mil as of Jun. 27, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on British American Tobacco and its competitors.
Is British American Tobacco's Enterprise Value too high?
British American Tobacco's current Enterprise Value is $176,786 Mil. Overall, British American Tobacco 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's Enterprise Value compare to PM and MO?
British American Tobacco's Enterprise Value of $176,786 Mil can be compared against companies in the Tobacco Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Tobacco Products company?
A good Enterprise Value depends on the Tobacco Products industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on British American Tobacco and its competitors. British American Tobacco's current Enterprise Value is $176,786 Mil. 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 stock overvalued right now?
Based on GuruFocus' analysis, British American Tobacco (BTAFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $36.04, compared to a current price of $61.43 — trading 70.5% above its estimated fair value. The current Enterprise Value is $176,786 Mil. British American Tobacco'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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For British American Tobacco (BTAFF), the current Enterprise Value is $176,786 Mil as of Jun. 27, 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 (BTAFF) Overvalued in 2026?
Based on GuruFocus' analysis, British American Tobacco stock appears to be overvalued.
The current stock price of $61.43 is trading 70.5% above its estimated GF Value™ of $36.04.
GuruFocus considers British American Tobacco to be Significantly Overvalued.
Key valuation signals for BTAFF:
Enterprise Value: $176,786 Mil
GF Value™: $36.04 vs. price of $61.43 (70.5% above fair value)
No single metric tells the full story. See the BTAFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The third-largest tobacco company by volume, British American Tobacco sold 465 billion cigarettes in 2025. Its leading brands are Dunhill, Kent, Pall Mall, Lucky Strike, and Rothmans in cigarettes. Its ownership of the Camel, Natural American Spirit, and Newport brands are limited to the US. In next-generation products, the company has the Vuse brand in vaping, Glo in heated tobacco, and Velo in modern oral tobacco. The company also owns a 22.9% stake in ITC limited, the largest Indian cigarette company.
67GF Score
Get the complete analysis for BTAFF
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