British American Tobacco Bangladesh Co (DHA:BATBC) Return-on-Tangible-Asset: 7.19% (As of Mar. 2026) — 62% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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 BDT224.80
GF Value BDT310.68
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is British American Tobacco Bangladesh Co Return-on-Tangible-Asset?

British American Tobacco Bangladesh Co DHA:BATBC +0.36% 86 Return-on-Tangible-Asset is 7.19% as of Mar. 2026, which is 62% below its 10-year median of 19.12. GuruFocus rates DHA:BATBC with a GF Score™ of 86/100 and a GF Value™ of BDT310.68 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 49 Tobacco Products companies, British American Tobacco Bangladesh Co ranks worse than 61.22% on this metric.

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. British American Tobacco Bangladesh Co's annualized Net Income for the quarter that ended in Mar. 2026 was BDT8,380 Mil. British American Tobacco Bangladesh Co's average total tangible assets for the quarter that ended in Mar. 2026 was BDT116,577 Mil. Therefore, British American Tobacco Bangladesh Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.19%.

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

DHA:BATBC' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.14   Med: 19.12   Max: 23.35
Current: 4.14

During the past 11 years, British American Tobacco Bangladesh Co's highest Return-on-Tangible-Asset was 23.35%. The lowest was 4.14%. And the median was 19.12%.

DHA:BATBC's Return-on-Tangible-Asset is ranked worse than
61.22% of 49 companies
in the Tobacco Products industry
Industry Median: 10.52 vs DHA:BATBC: 4.14

British American Tobacco Bangladesh Co  (DHA:BATBC) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


British American Tobacco Bangladesh Co Return-on-Tangible-Asset Related Terms


British American Tobacco Bangladesh Co Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for British American Tobacco Bangladesh Co's Return-on-Tangible-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 Return-on-Tangible-Asset Chart

British American Tobacco Bangladesh Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.04 22.20 19.09 17.04 5.48

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
Return-on-Tangible-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 11.56 3.48 10.99 -4.77 7.19

DHA:BATBC vs PM, MO, TPB: Return-on-Tangible-Asset Comparison

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

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

* The bar in red indicates where British American Tobacco Bangladesh Co's Return-on-Tangible-Asset falls into.


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

British American Tobacco Bangladesh Co Return-on-Tangible-Asset Calculation

British American Tobacco Bangladesh Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=5839.923/( (101586.789+111690.832)/ 2 )
=5839.923/106638.8105
=5.48 %

British American Tobacco Bangladesh Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=8380.256/( (111690.832+121462.17)/ 2 )
=8380.256/116576.501
=7.19 %

* 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.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2026) net income data.

What does a Return-on-Tangible-Asset of 7.19% mean?
British American Tobacco Bangladesh Co (DHA:BATBC) has a Return-on-Tangible-Asset of 7.19% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on British American Tobacco Bangladesh Co and its competitors. This is 62% below median its historical median of 19.12. Over the past decade, British American Tobacco Bangladesh Co's Return-on-Tangible-Asset has ranged from 4.14 to 23.35. According to the industry distribution chart, British American Tobacco Bangladesh Co ranks #30 out of 49 companies in the Tobacco Products industry, placing it in the top 61.2%.
Is British American Tobacco Bangladesh Co's Return-on-Tangible-Asset too high?
British American Tobacco Bangladesh Co's current Return-on-Tangible-Asset of 7.19% is 62% below median its 10-year median of 19.12. Over the past 10 years, this metric has ranged from a low of 4.14 to a high of 23.35. The Tobacco Products industry median Return-on-Tangible-Asset is 10.52. British American Tobacco Bangladesh Co's value of 7.19% is 31.7% below this industry median. Based on the distribution chart, British American Tobacco Bangladesh Co ranks #30 out of 49 companies in the Tobacco Products industry, which is below 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 Return-on-Tangible-Asset compare to PM and MO?
According to the Tobacco Products industry distribution chart, British American Tobacco Bangladesh Co ranks #30 out of 49 companies for Return-on-Tangible-Asset. This places British American Tobacco Bangladesh Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 10.52. British American Tobacco Bangladesh Co's value of 7.19% is 31.7% below this benchmark. Historically, British American Tobacco Bangladesh Co's own Return-on-Tangible-Asset has ranged from 4.14 to 23.35 over the past decade. While the company's 10-year median is 19.12 vs. the industry median of 10.52, British American Tobacco Bangladesh Co 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 Return-on-Tangible-Asset for a Tobacco Products company?
The median Return-on-Tangible-Asset among Tobacco Products companies is 10.52, based on 49 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-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 Return-on-Tangible-Asset of 7.19% is 31.7% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on British American Tobacco Bangladesh Co and its competitors. For the Tobacco Products industry, the median Return-on-Tangible-Asset is 10.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. British American Tobacco Bangladesh Co's current Return-on-Tangible-Asset is 7.19%, which is 62% below median its own 10-year median of 19.12. 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 BDT310.68, compared to a current price of BDT224.80 — trading 27.6% below its estimated fair value. The current Return-on-Tangible-Asset is 7.19%, which is 62% below median its 10-year median of 19.12 and 31.7% below the Tobacco Products industry median of 10.52. British American Tobacco Bangladesh Co's overall GF Score™ is 86/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For British American Tobacco Bangladesh Co (DHA:BATBC), the current Return-on-Tangible-Asset is 7.19% 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 BDT224.80 is trading 27.6% below its estimated GF Value™ of BDT310.68. GuruFocus considers British American Tobacco Bangladesh Co to be Modestly Undervalued.

Key valuation signals for DHA:BATBC:

  • Return-on-Tangible-Asset: 7.19% (62% below median its 10-year median of 19.12)
  • GF Value™: BDT310.68 vs. price of BDT224.80 (27.6% below fair value)
  • GF Score™: 86/100 with 9 warning signs
  • Industry Position: 31.7% below the Tobacco Products median (#30 of 49)

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

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

BDT224.80
Price
BDT310.68
GF Value