Which has the lower trailing P/E, BTI or PEP?

BTI has the lower trailing P/E: BTI trades at 13.64 and PEP at 16.48. P/E is one valuation measure and does not by itself establish which business is cheaper.

Does BTI or PEP pay a bigger dividend?

BTI yields 6.28% and PEP yields 4.62% based on trailing dividends and the latest price.

How have BTI and PEP total returns compared?

Over the past 10 years, BTI delivered 5.30% and PEP delivered 4.91% annualized total return. Past performance doesn't predict future results.

British American Tobacco p.l.c. (BTI) vs PepsiCo, Inc. (PEP)

A side-by-side comparison of British American Tobacco p.l.c. and PepsiCo, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

BTI

British American Tobacco p.l.c.

$114.34B

$53.01Consumer DefensiveDelayed quote: Oct 6, 2026, 4:00 PM EDT

PEP

PepsiCo, Inc.

$171.72B

$125.71Consumer DefensiveDelayed quote: Oct 6, 2026, 4:00 PM EDT

Total return — BTI vs PEP

growth of $100 · dividends reinvested · last 10y

BTI +64.2% (+5.1%/yr)PEP +61.2% (+4.9%/yr)BTI compounded faster over this window

BTI PEP

BTI vs PEP: by the numbers

•PEP is the larger company ($171.72B vs $114.34B market cap).
•BTI trades at the lower trailing earnings multiple (13.64 vs 16.48 P/E), one valuation lens rather than an overall verdict.
•BTI pays the higher dividend yield (6.28% vs 4.62%).

Metrics side by side

Valuation

Metric	BTI	PEP
P/E ratio	13.64	16.48
Forward P/E	N/A	14.71
PEG ratio	3.19	5.04
P/S ratio	3.31	1.77
P/B ratio	1.78	7.77
EV / EBITDA	9.85	11.39
FCF yield	N/A	5.41%

Profitability

Metric	BTI	PEP
Gross margin	N/A	53.96%
Operating margin	N/A	14.96%
Net margin	N/A	10.82%
ROE	N/A	47.45%
ROIC	N/A	13.22%

Dividends

Metric	BTI	PEP
Dividend yield	6.28%	4.62%
Payout ratio	85.48%	76.08%

Growth (annualized)

Metric	BTI	PEP
Revenue CAGR (5Y)	N/A	6.18%
EPS CAGR (5Y)	4.31%	3.25%
FCF CAGR (5Y)	-9.26%	6.77%
Total return CAGR (5Y)	16.96%	-0.45%

Frequently asked

Which has the lower trailing P/E, BTI or PEP?: BTI has the lower trailing P/E: BTI trades at 13.64 and PEP at 16.48. P/E is one valuation measure and does not by itself establish which business is cheaper.
Does BTI or PEP pay a bigger dividend?: BTI yields 6.28% and PEP yields 4.62% based on trailing dividends and the latest price.
How have BTI and PEP total returns compared?: Over the past 10 years, BTI delivered 5.30% and PEP delivered 4.91% annualized total return. Past performance doesn't predict future results.

Go deeper

Full BTI analysis Full PEP analysis Interactive comparison tool

Dig into the metrics

British American Tobacco p.l.c. P/E ratio PepsiCo P/E ratio British American Tobacco p.l.c. dividend yield PepsiCo dividend yield British American Tobacco p.l.c. ROE PepsiCo ROE British American Tobacco p.l.c. operating margin PepsiCo operating margin British American Tobacco p.l.c. revenue growth PepsiCo revenue growth British American Tobacco p.l.c. free cash flow PepsiCo free cash flow

British American Tobacco p.l.c. & PepsiCo appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers Highest ROE Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.