Imperial Brands (XTER:ITB) OCF Margin %: -0.90% (As of Mar. 2026)


XTER:ITB Imperial Brands PLC XTER:ITB
71 GF Score
Price €32.11
GF Value €20.89
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Imperial Brands OCF Margin %?

Imperial Brands XTER:ITB +0.66% 71 OCF Margin % is -0.90% as of Mar. 2026. GuruFocus rates XTER:ITB with a GF Score™ of 71/100 and a GF Value™ of €20.89 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 47 Tobacco Products companies, Imperial Brands ranks better than 61.7% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Imperial Brands's Cash Flow from Operations for the six months ended in Mar. 2026 was €-153 Mil. Imperial Brands's Revenue for the six months ended in Mar. 2026 was €16,976 Mil. Therefore, Imperial Brands's OCF Margin % for the quarter that ended in Mar. 2026 was -0.90%.

As of today, Imperial Brands's current OCF Yield % is 16.63%.

The historical rank and industry rank for Imperial Brands's OCF Margin % or its related term are showing as below:

XTER:ITB' s OCF Margin % Range Over the Past 10 Years
Min: 6.61   Med: 10.22   Max: 12.38
Current: 10.91


During the past 13 years, the highest OCF Margin % of Imperial Brands was 12.38%. The lowest was 6.61%. And the median was 10.22%.

XTER:ITB's OCF Margin % is ranked better than
61.7% of 47 companies
in the Tobacco Products industry
Industry Median: 7.1 vs XTER:ITB: 10.91


Imperial Brands OCF Margin % Related Terms


Imperial Brands OCF Margin % Historical Data

* Premium members only.

The historical data trend for Imperial Brands's OCF Margin % 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.

Imperial Brands OCF Margin % Chart

Imperial Brands Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.61 9.79 9.64 10.20 11.27

Imperial Brands Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
OCF Margin % 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 -0.39 19.40 -0.22 20.83 -0.90

XTER:ITB vs PM, MO, TPB: OCF Margin % Comparison

For the Tobacco subindustry, Imperial Brands's OCF Margin %, along with its competitors' market caps and OCF Margin % 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.


Imperial Brands OCF Margin % vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Imperial Brands's OCF Margin % distribution charts can be found below:

* The bar in red indicates where Imperial Brands's OCF Margin % falls into.


XTER:ITB
71GF Score
Imperial Brands PLC XTER:ITB
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Imperial Brands OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Imperial Brands's OCF Margin for the fiscal year that ended in Sep. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Sep. 2025 )/Revenue (A: Sep. 2025 )
=4175.951/37040.124
=11.27 %

Imperial Brands's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-153.393/16975.913
=-0.90 %

* 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 OCF Margin % →
What does a OCF Margin % of -0.90% mean?
Imperial Brands (XTER:ITB) has a OCF Margin % of -0.90% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Imperial Brands and its competitors. Over the past decade, Imperial Brands' OCF Margin % has ranged from 6.61 to 12.38. According to the industry distribution chart, Imperial Brands ranks #18 out of 47 companies in the Tobacco Products industry, placing it in the top 38.3%.
Is Imperial Brands' OCF Margin % too high?
Imperial Brands' current OCF Margin % is -0.90%. Over the past 10 years, this metric has ranged from a low of 6.61 to a high of 12.38. Based on the distribution chart, Imperial Brands ranks #18 out of 47 companies in the Tobacco Products industry, which is above the industry midpoint. Overall, Imperial Brands has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Imperial Brands' OCF Margin % compare to PM and MO?
According to the Tobacco Products industry distribution chart, Imperial Brands ranks #18 out of 47 companies for OCF Margin %. This puts Imperial Brands in the upper half of its industry. The industry median OCF Margin % is 7.10. Historically, Imperial Brands' own OCF Margin % has ranged from 6.61 to 12.38 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good OCF Margin % for a Tobacco Products company?
The median OCF Margin % among Tobacco Products companies is 7.10, based on 47 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Imperial Brands and its competitors. For the Tobacco Products industry, the median OCF Margin % is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Imperial Brands's current OCF Margin % is -0.90%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imperial Brands stock overvalued right now?
Based on GuruFocus' analysis, Imperial Brands (XTER:ITB) is currently considered Significantly Overvalued. The stock's GF Value™ is €20.89, compared to a current price of €32.11 — trading 53.7% above its estimated fair value. The current OCF Margin % is -0.90%. Imperial Brands' overall GF Score™ is 71/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Imperial Brands (XTER:ITB), the current OCF Margin % is -0.90% 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 Imperial Brands (XTER:ITB) Overvalued in 2026?

Based on GuruFocus' analysis, Imperial Brands stock appears to be overvalued. The current stock price of €32.11 is trading 53.7% above its estimated GF Value™ of €20.89. GuruFocus considers Imperial Brands to be Significantly Overvalued.

Key valuation signals for XTER:ITB:

  • OCF Margin %: -0.90%
  • GF Value™: €20.89 vs. price of €32.11 (53.7% above fair value)
  • GF Score™: 71/100 with 3 warning signs

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


Imperial Brands Business Description

Address 121 Winterstoke Road, Bristol, GBR, BS3 2LL
Imperial Brands is the world's fourth-largest international tobacco company (excluding China National Tobacco), with total fiscal 2025 volume of 187 billion cigarettes sold in more than 120 countries. Its largest and most important markets are the US (where it sits as the third-largest manufacturer, following its acquisition of the Winston and Blu brands), Germany, the UK, Spain, and Australia. The firm also holds a leading global position in the fine-cut tobacco and hand-rolling paper categories. It has a logistics platform in Western Europe, Altadis.
71GF Score

Get the complete analysis for XTER:ITB

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

€32.11
Price
€20.89
GF Value