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British American Tobacco Kenya PLC stock PB Ratio (=3.74) is close to 3-year high of 3.75.
The historical rank and industry rank for British American Tobacco Kenya's PB Ratio or its related term are showing as below:
NAI:BAT'
s PB Ratio Range Over the Past 10 Years
Min: 2.1 Med: 3.25 Max: 8.09
Current: 3.74
During the past 7 years, British American Tobacco Kenya's highest PB Ratio was 8.09. The lowest was 2.10. And the median was 3.25.
NAI:BAT's PB Ratio is ranked worse than 57.14% of 42
companies
in the Tobacco Products industry
Industry Median: 2.78
vs NAI:BAT: 3.74
During the past 12 months, British American Tobacco Kenya's average Book Value Per Share Growth Rate was -1.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.60% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of British American Tobacco Kenya was 36.70% per year. The lowest was -1.90% per year. And the median was 15.05% per year.
Back to Basics: PB Ratio
British American Tobacco Kenya (NAI:BAT) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
British American Tobacco Kenya PB Ratio Related Terms
British American Tobacco Kenya PB Ratio 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 Kenya's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, British American Tobacco Kenya's PB Ratio distribution charts can be found below:
* The bar in red indicates where British American Tobacco Kenya's PB Ratio falls into.
British American Tobacco Kenya PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
British American Tobacco Kenya (NAI:BAT) has a PB Ratio of 3.74 as of Jul. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on British American Tobacco Kenya and its competitors. This is 15% above median its historical median of 3.25. Over the past decade, British American Tobacco Kenya's PB Ratio has ranged from 2.10 to 8.09. According to the industry distribution chart, British American Tobacco Kenya ranks #24 out of 42 companies in the Tobacco Products industry, placing it in the top 57.1%.
Is British American Tobacco Kenya's PB Ratio too high?
British American Tobacco Kenya's current PB Ratio of 3.74 is 15% above median its 10-year median of 3.25. Over the past 10 years, this metric has ranged from a low of 2.10 to a high of 8.09. The Tobacco Products industry median PB Ratio is 2.78. British American Tobacco Kenya's value of 3.74 is 34.5% above this industry median. Based on the distribution chart, British American Tobacco Kenya ranks #24 out of 42 companies in the Tobacco Products industry, which is below the industry midpoint. Overall, British American Tobacco Kenya has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does British American Tobacco Kenya's PB Ratio compare to PM and MO?
According to the Tobacco Products industry distribution chart, British American Tobacco Kenya ranks #24 out of 42 companies for PB Ratio. This places British American Tobacco Kenya in the lower half of its industry. The industry median PB Ratio is 2.78. British American Tobacco Kenya's value of 3.74 is 34.5% above this benchmark. Historically, British American Tobacco Kenya's own PB Ratio has ranged from 2.10 to 8.09 over the past decade. While the company's 10-year median is 3.25 vs. the industry median of 2.78, British American Tobacco Kenya has consistently been above 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 PB Ratio for a Tobacco Products company?
The median PB Ratio among Tobacco Products companies is 2.78, based on 42 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. British American Tobacco Kenya's current PB Ratio of 3.74 is 34.5% above 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on British American Tobacco Kenya and its competitors. For the Tobacco Products industry, the median PB Ratio is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. British American Tobacco Kenya's current PB Ratio is 3.74, which is 15% above median its own 10-year median of 3.25. 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 KES355.31, compared to a current price of KES579.00 — trading 63% above its estimated fair value. The current PB Ratio is 3.74, which is 15% above median its 10-year median of 3.25 and 34.5% above the Tobacco Products industry median of 2.78. British American Tobacco Kenya's overall GF Score™ is 69/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For British American Tobacco Kenya (NAI:BAT), the current PB Ratio is 3.74 as of Jul. 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 Kenya (NAI:BAT) Overvalued in 2026?
Based on GuruFocus' analysis, British American Tobacco Kenya stock appears to be overvalued.
The current stock price of KES579.00 is trading 63% above its estimated GF Value™ of KES355.31.
GuruFocus considers British American Tobacco Kenya to be Significantly Overvalued.
Key valuation signals for NAI:BAT:
PB Ratio: 3.74 (15% above median its 10-year median of 3.25)
GF Value™: KES355.31 vs. price of KES579.00 (63% above fair value)
Industry Position: 34.5% above the Tobacco Products median (#24 of 42)
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
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.
69GF Score
Get the complete analysis for NAI:BAT
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