BTI
British American Tobacco p.l.c.Consumer Defensive · $118.0B market cap
Verdict
Share price
$52.64
close of Oct 3, 2026
Fair value
$49.16
Sticker Price
Payback Price
$19.67
buy price
BTI is Fairly Valued: at $52.64 it's within 7% of its fair value of $49.16. Its buy price (Payback Price) is $19.67, 63% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.
How we valued it
Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.
Business quality
2 of 5 clear the 10% bar. What are the Big Five?
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3 of the investors we track hold BTI. In Q1 2026, 2 added. Who we track
First Eagle Investment Management
First Eagle Investment Management · as of Q2 2026
$106.2M
1,718,852 shares
Sarah Ketterer
Causeway Capital Management · as of Q2 2026
$33.8M
547,925 shares
Lee Ainslie
Maverick Capital · as of Q2 2026
$2.3M
36,682 shares
Moves in Q1 2026
About British American Tobacco p.l.c.
British American Tobacco p.l.c. provides tobacco and nicotine products to consumers in the United States, Europe, Latin America, Canada, the Asia-Pacific, the Middle East, Central Asia, Caucasus, and Africa. The company offers vapour products; heated products, which consists of a battery-powered device and a plant-based substance consumable that is heated; modern oral products, such as nicotine pouches…
Tobacco
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works