British American Tobacco (CHIX:BATSL) Pre-Tax Income: £8,337 Mil (TTM As of Jun. 2026)

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CHIX:BATSL British American Tobacco PLC CHIX:BATSL
71 GF Score
Price £41.34
GF Value £31.53
Valuation Significantly Overvalued
! 2 Warning Signs
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What is British American Tobacco Pre-Tax Income?

British American Tobacco CHIX:BATSL -2.06% 71 Pre-Tax Income is £8,337 Mil as of Jun. 2026. GuruFocus rates CHIX:BATSL with a GF Score™ of 71/100 and a GF Value™ of £31.53 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. British American Tobacco's pretax income for the six months ended in Jun. 2026 was £4,052 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was £8,337 Mil. British American Tobacco's pretax margin was 33.12%.

During the past 13 years, British American Tobacco's highest Pretax Margin was 150.93%. The lowest was -62.53%. And the median was 33.91%.


British American Tobacco  (CHIX:BATSl) Pre-Tax Income Explanation

British American Tobacco's Pretax Margin for the quarter that ended in Jun. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=4052/12235
=33.12%

During the past 13 years, British American Tobacco's highest Pretax Margin was 150.93%. The lowest was -62.53%. And the median was 33.91%.

* 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 Pre-Tax Income Related Terms


British American Tobacco Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for British American Tobacco's Pre-Tax Income 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 Pre-Tax Income Chart

British American Tobacco Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9,163.00 9,324.00 -17,061.00 3,538.00 9,859.00

British American Tobacco Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Pre-Tax Income 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 5,600.00 -2,062.00 5,574.00 4,285.00 4,052.00

CHIX:BATSL vs PM, MO, TPB: Pre-Tax Income Comparison

For the Tobacco subindustry, British American Tobacco's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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 Pre-Tax Income vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, British American Tobacco's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where British American Tobacco's Pre-Tax Income falls into.


CHIX:BATSL
71GF Score
British American Tobacco PLC CHIX:BATSL
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

British American Tobacco Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

British American Tobacco's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=11659+0+-1927+214+-87
=9,859

British American Tobacco's Pretax Income for the quarter that ended in Jun. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=4266+0+-403+0+189
=4,052

Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was £8,337 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.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of £8,337 Mil mean?
British American Tobacco (CHIX:BATSL) has a Pre-Tax Income of £8,337 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on British American Tobacco and its competitors.
Is British American Tobacco's Pre-Tax Income too high?
British American Tobacco's current Pre-Tax Income is £8,337 Mil. Overall, British American Tobacco has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does British American Tobacco's Pre-Tax Income compare to PM and MO?
British American Tobacco's Pre-Tax Income of £8,337 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 Pre-Tax Income for a Tobacco Products company?
A good Pre-Tax Income depends on the Tobacco Products industry context. However, Pre-Tax Income 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 Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on British American Tobacco and its competitors. British American Tobacco's current Pre-Tax Income is £8,337 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 (CHIX:BATSL) is currently considered Significantly Overvalued. The stock's GF Value™ is £31.53, compared to a current price of £41.34 — trading 31.1% above its estimated fair value. The current Pre-Tax Income is £8,337 Mil. British American Tobacco's overall GF Score™ is 71/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For British American Tobacco (CHIX:BATSL), the current Pre-Tax Income is £8,337 Mil 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 (CHIX:BATSL) Overvalued in 2026?

Based on GuruFocus' analysis, British American Tobacco stock appears to be overvalued. The current stock price of £41.34 is trading 31.1% above its estimated GF Value™ of £31.53. GuruFocus considers British American Tobacco to be Significantly Overvalued.

Key valuation signals for CHIX:BATSL:

  • Pre-Tax Income: £8,337 Mil
  • GF Value™: £31.53 vs. price of £41.34 (31.1% above fair value)
  • GF Score™: 71/100 with 2 warning signs

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


British American Tobacco Business Description

Address Globe House, 4 Temple Place, London, GBR, WC2R 2PG
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

Get the complete analysis for CHIX:BATSL

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£41.34
Price
£31.53
GF Value