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British American Tobacco (MEX:BATSN) 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 Equity-to-Asset Related Terms
British American Tobacco Equity-to-Asset 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.
MEX:BATSN vs PM, MO, TPB: Equity-to-Asset Comparison
For the Tobacco subindustry, British American Tobacco'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 Equity-to-Asset vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, British American Tobacco's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where British American Tobacco's Equity-to-Asset falls into.
British American Tobacco 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's Equity to Asset Ratio 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.
British American Tobacco (MEX:BATSN) has a Equity-to-Asset of 0.45 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on British American Tobacco and its competitors. This is near median its historical median of 0.45. Over the past decade, British American Tobacco's Equity-to-Asset has ranged from 0.20 to 0.50. According to the industry distribution chart, British American Tobacco ranks #26 out of 49 companies in the Tobacco Products industry, placing it in the top 53.1%.
Is British American Tobacco's Equity-to-Asset too high?
British American Tobacco's current Equity-to-Asset of 0.45 is near median its 10-year median of 0.45. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.50. The Tobacco Products industry median Equity-to-Asset is 0.46. British American Tobacco's value of 0.45 is 2.2% below this industry median. Based on the distribution chart, British American Tobacco ranks #26 out of 49 companies in the Tobacco Products industry, which is below the industry midpoint. Overall, British American Tobacco has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does British American Tobacco's Equity-to-Asset compare to PM and MO?
According to the Tobacco Products industry distribution chart, British American Tobacco ranks #26 out of 49 companies for Equity-to-Asset. This places British American Tobacco in the lower half of its industry. The industry median Equity-to-Asset is 0.46. British American Tobacco's value of 0.45 is 2.2% below this benchmark. Historically, British American Tobacco's own Equity-to-Asset has ranged from 0.20 to 0.50 over the past decade. While the company's 10-year median is 0.45 vs. the industry median of 0.46, British American Tobacco 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 Equity-to-Asset for a Tobacco Products company?
The median Equity-to-Asset among Tobacco Products companies is 0.46, based on 49 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's current Equity-to-Asset of 0.45 is 2.2% 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 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 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's current Equity-to-Asset is 0.45, which is near median its own 10-year median of 0.45. 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?
British American Tobacco (MEX:BATSN) has a current Equity-to-Asset of 0.45. The stock's GF Value™ is MXN722.88, compared to a current price of MXN1,064.77 — trading 47.3% above its estimated fair value. The current Equity-to-Asset is 0.45, which is near median its 10-year median of 0.45 and 2.2% below the Tobacco Products industry median of 0.46. British American Tobacco's overall GF Score™ is 71/100 with 6 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 (MEX:BATSN), the current Equity-to-Asset is 0.45 as of Jun. 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 (MEX:BATSN) Overvalued in 2026?
Based on GuruFocus' analysis, British American Tobacco stock appears to be overvalued.
The current stock price of MXN1,064.77 is trading 47.3% above its estimated GF Value™ of MXN722.88.
Key valuation signals for MEX:BATSN:
Equity-to-Asset: 0.45 (near median its 10-year median of 0.45)
GF Value™: MXN722.88 vs. price of MXN1,064.77 (47.3% above fair value)
Industry Position: 2.2% below the Tobacco Products median (#26 of 49)
No single metric tells the full story. See the MEX:BATSN 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.
71GF Score
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