British American Tobacco Bangladesh Co (DHA:BATBC) Equity-to-Asset: 0.46 (As of Mar. 2026) — Near 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
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.

DHA:BATBC British American Tobacco Bangladesh Co Ltd DHA:BATBC
86 GF Score
Price BDT247.00
GF Value BDT314.79
Valuation Modestly Undervalued
! 8 Warning Signs
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What is British American Tobacco Bangladesh Co Equity-to-Asset?

British American Tobacco Bangladesh Co DHA:BATBC 86 Equity-to-Asset is 0.46 as of Mar. 2026, which is 8% below its 10-year median of 0.50. GuruFocus rates DHA:BATBC with a GF Score™ of 86/100 and a GF Value™ of BDT314.79 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 48 Tobacco Products companies, British American Tobacco Bangladesh Co ranks better than 50% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. British American Tobacco Bangladesh Co's Total Stockholders Equity for the quarter that ended in Mar. 2026 was BDT55,823 Mil. British American Tobacco Bangladesh Co's Total Assets for the quarter that ended in Mar. 2026 was BDT121,462 Mil. Therefore, British American Tobacco Bangladesh Co's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.46.

The historical rank and industry rank for British American Tobacco Bangladesh Co's Equity-to-Asset or its related term are showing as below:

DHA:BATBC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4   Med: 0.5   Max: 0.61
Current: 0.46

During the past 11 years, the highest Equity to Asset Ratio of British American Tobacco Bangladesh Co was 0.61. The lowest was 0.40. And the median was 0.50.

DHA:BATBC's Equity-to-Asset is ranked better than
50% of 48 companies
in the Tobacco Products industry
Industry Median: 0.46 vs DHA:BATBC: 0.46

British American Tobacco Bangladesh Co  (DHA:BATBC) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


British American Tobacco Bangladesh Co Equity-to-Asset Related Terms


British American Tobacco Bangladesh Co Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for British American Tobacco Bangladesh Co's Equity-to-Asset 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 Bangladesh Co Equity-to-Asset Chart

British American Tobacco Bangladesh Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.49 0.52 0.57 0.50

British American Tobacco Bangladesh Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.45 0.51 0.49 0.50 0.46

DHA:BATBC vs PM, MO, TPB: Equity-to-Asset Comparison

For the Tobacco subindustry, British American Tobacco Bangladesh Co's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Bangladesh Co Equity-to-Asset vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, British American Tobacco Bangladesh Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where British American Tobacco Bangladesh Co's Equity-to-Asset falls into.


DHA:BATBC
86GF Score
British American Tobacco Bangladesh Co Ltd DHA:BATBC
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

British American Tobacco Bangladesh Co Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

British American Tobacco Bangladesh Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Equity to Asset (A: Dec. 2025 )=Total Stockholders Equity/Total Assets
=55348.411/111690.832
=0.50

British American Tobacco Bangladesh Co's Equity to Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

Equity to Asset (Q: Mar. 2026 )=Total Stockholders Equity/Total Assets
=55823.475/121462.17
=0.46

* 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 Equity-to-Asset →
What does a Equity-to-Asset of 0.46 mean?
British American Tobacco Bangladesh Co (DHA:BATBC) has a Equity-to-Asset of 0.46 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on British American Tobacco Bangladesh Co and its competitors. This is near median its historical median of 0.50. Over the past decade, British American Tobacco Bangladesh Co's Equity-to-Asset has ranged from 0.40 to 0.61. According to the industry distribution chart, British American Tobacco Bangladesh Co ranks #24 out of 48 companies in the Tobacco Products industry, placing it in the top 50%.
Is British American Tobacco Bangladesh Co's Equity-to-Asset too high?
British American Tobacco Bangladesh Co's current Equity-to-Asset of 0.46 is near median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 0.61. The Tobacco Products industry median Equity-to-Asset is 0.46. British American Tobacco Bangladesh Co's value of 0.46 is 0% at this industry median. Based on the distribution chart, British American Tobacco Bangladesh Co ranks #24 out of 48 companies in the Tobacco Products industry, which is above the industry midpoint. Overall, British American Tobacco Bangladesh Co has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does British American Tobacco Bangladesh Co's Equity-to-Asset compare to PM and MO?
According to the Tobacco Products industry distribution chart, British American Tobacco Bangladesh Co ranks #24 out of 48 companies for Equity-to-Asset. This puts British American Tobacco Bangladesh Co in the upper half of its industry. The industry median Equity-to-Asset is 0.46. British American Tobacco Bangladesh Co's value of 0.46 is 0% at this benchmark. Historically, British American Tobacco Bangladesh Co's own Equity-to-Asset has ranged from 0.40 to 0.61 over the past decade. While the company's 10-year median is 0.50 vs. the industry median of 0.46, British American Tobacco Bangladesh Co has consistently been at 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 Equity-to-Asset for a Tobacco Products company?
The median Equity-to-Asset among Tobacco Products companies is 0.46, based on 48 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. British American Tobacco Bangladesh Co's current Equity-to-Asset of 0.46 is 0% at 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on British American Tobacco Bangladesh Co and its competitors. For the Tobacco Products industry, the median Equity-to-Asset is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. British American Tobacco Bangladesh Co's current Equity-to-Asset is 0.46, which is near median its own 10-year median of 0.50. 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 Bangladesh Co stock overvalued right now?
Based on GuruFocus' analysis, British American Tobacco Bangladesh Co (DHA:BATBC) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT314.79, compared to a current price of BDT247.00 — trading 21.5% below its estimated fair value. The current Equity-to-Asset is 0.46, which is near median its 10-year median of 0.50 and 0% at the Tobacco Products industry median of 0.46. British American Tobacco Bangladesh Co's overall GF Score™ is 86/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For British American Tobacco Bangladesh Co (DHA:BATBC), the current Equity-to-Asset is 0.46 as of Mar. 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 Bangladesh Co (DHA:BATBC) Overvalued in 2026?

Based on GuruFocus' analysis, British American Tobacco Bangladesh Co stock appears to be undervalued. The current stock price of BDT247.00 is trading 21.5% below its estimated GF Value™ of BDT314.79. GuruFocus considers British American Tobacco Bangladesh Co to be Modestly Undervalued.

Key valuation signals for DHA:BATBC:

  • Equity-to-Asset: 0.46 (near median its 10-year median of 0.50)
  • GF Value™: BDT314.79 vs. price of BDT247.00 (21.5% below fair value)
  • GF Score™: 86/100 with 8 warning signs
  • Industry Position: 0% at the Tobacco Products median (#24 of 48)

No single metric tells the full story. See the DHA:BATBC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


British American Tobacco Bangladesh Co Business Description

Address Balibhadra Bazar, Dehora, Dhamsona, Ashulia, Dhaka, BGD, 1349
British American Tobacco Bangladesh Co Ltd is engaged in the manufacturing and marketing of cigarettes in Bangladesh. It manufactures and markets brands including Benson & Hedges, John Player Gold Leaf, John Player Series, Capstan, Lucky Strike, Star, Royals, Derby, Pilot, and Hollywood.
86GF Score

Get the complete analysis for DHA:BATBC

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

BDT247.00
Price
BDT314.79
GF Value