PB Ratio: 1.78

Basis: FMP quote market capitalization / book value attributable to common shareholders (matching reported total stockholders equity minus preferred stock). Source: stored company filings and market data; unavailable inputs remain N/A.

Is the P/B ratio high or low?

The P/B ratio of 1.78 is 39% above its estimated 5-year average of 1.28, around the middle of its estimated 5-year range (0.70–2.27).

As of 2026-10-06T09:40:47.533Z. 9.96% below its estimated 12-month average of 1.98.

BTI PB Ratio Metrics

P/B vs. estimated history

At 1.78, P/B is near its estimated 20-year median — higher than 40% of readings in its estimated 20-year history.

Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.

Book Value Analysis

PB Ratio Formula & Definition

PB Ratio = Market Cap / (Total Shareholders' Equity − Preferred Stock)

The price-to-book ratio compares market capitalization to book value attributable to common shareholders (total equity minus preferred stock). Lower values can indicate a cheaper valuation relative to net assets.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

PB Ratio FAQ

What is the P/B ratio for British American Tobacco p.l.c. (BTI)?

The P/B ratio for BTI stock is 1.78.

Is British American Tobacco p.l.c.'s P/B ratio high or low?

The P/B ratio of 1.78 is 39% above its estimated 5-year average of 1.28, around the middle of its estimated 5-year range (0.70–2.27).

What is the estimated TTM average P/B ratio for British American Tobacco p.l.c. (BTI)?

The estimated TTM average P/B ratio for BTI stock is 1.98.

What is the estimated 3Y average P/B ratio for British American Tobacco p.l.c. (BTI)?

The estimated 3Y average P/B ratio for BTI stock is 1.48.

What is the estimated 5Y average P/B ratio for British American Tobacco p.l.c. (BTI)?

The estimated 5Y average P/B ratio for BTI stock is 1.28.

What is the estimated 10Y average P/B ratio for British American Tobacco p.l.c. (BTI)?

The estimated 10Y average P/B ratio for BTI stock is 1.21.

What is the estimated 15Y average P/B ratio for British American Tobacco p.l.c. (BTI)?

The estimated 15Y average P/B ratio for BTI stock is 4.95.

What is the estimated 20Y average P/B ratio for British American Tobacco p.l.c. (BTI)?

The estimated 20Y average P/B ratio for BTI stock is 5.87.

Showing the most recent 260 of 4,405 data points. The chart above shows the full history.

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