British American Tobacco PLC (BATS) - Net Assets

Latest as of December 2025: GBX48.15 Billion GBX ≈ $5.86 Million USD

Based on the latest financial reports, British American Tobacco PLC (BATS) has net assets worth GBX48.15 Billion GBX (≈ $5.86 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX109.29 Billion ≈ $13.30 Million USD) and total liabilities (GBX61.15 Billion ≈ $7.44 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check British American Tobacco PLC liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX48.15 Billion
% of Total Assets 44.05%
Annual Growth Rate 14.33%
5-Year Change -28.57%
10-Year Change 472.75%
Growth Volatility 263.28

British American Tobacco PLC - Net Assets Trend (1995–2025)

This chart illustrates how British American Tobacco PLC's net assets have evolved over time, based on quarterly financial data. Also explore British American Tobacco PLC asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for British American Tobacco PLC (1995–2025)

The table below shows the annual net assets of British American Tobacco PLC from 1995 to 2025. For live valuation and market cap data, see market cap of British American Tobacco PLC.

Year Net Assets Change
2025-12-31 GBX48.15 Billion
≈ $5.86 Million		 -3.70%
2024-12-31 GBX49.99 Billion
≈ $6.08 Million		 -5.55%
2023-12-31 GBX52.93 Billion
≈ $6.44 Million		 -30.08%
2022-12-31 GBX75.71 Billion
≈ $9.21 Million		 +12.33%
2021-12-31 GBX67.40 Billion
≈ $8.20 Million		 +7.06%
2020-12-31 GBX62.95 Billion
≈ $7.66 Million		 -1.88%
2019-12-31 GBX64.16 Billion
≈ $7.81 Million		 -2.33%
2018-12-31 GBX65.69 Billion
≈ $7.99 Million		 +7.64%
2017-12-31 GBX61.03 Billion
≈ $7.43 Million		 +625.98%
2016-12-31 GBX8.41 Billion
≈ $1.02 Million		 +67.05%
2015-12-31 GBX5.03 Billion
≈ $612.25K		 -13.45%
2014-12-31 GBX5.81 Billion
≈ $707.40K		 -16.16%
2013-12-31 GBX6.93 Billion
≈ $843.79K		 -10.85%
2012-12-31 GBX7.78 Billion
≈ $946.48K		 -8.20%
2011-12-31 GBX8.47 Billion
≈ $1.03 Million		 -11.25%
2010-12-31 GBX9.55 Billion
≈ $1.16 Million		 +20.68%
2009-12-31 GBX7.91 Billion
≈ $962.66K		 +9.66%
2008-12-31 GBX7.21 Billion
≈ $877.86K		 +1.78%
2007-12-31 GBX7.09 Billion
≈ $862.53K		 +6.00%
2006-12-31 GBX6.69 Billion
≈ $813.74K		 -2.75%
2005-12-31 GBX6.88 Billion
≈ $836.73K		 +12.42%
2004-12-31 GBX6.12 Billion
≈ $744.26K		 +33.38%
2003-12-31 GBX4.59 Billion
≈ $557.98K		 +142.39%
2002-12-31 GBX-10.82 Billion
≈ $-1.32 Million		 -312.82%
2001-12-31 GBX5.08 Billion
≈ $618.45K		 -7.85%
2000-12-31 GBX5.52 Billion
≈ $671.14K		 +4.55%
1999-12-31 GBX5.28 Billion
≈ $641.94K		 +1263.31%
1998-12-31 GBX387.00 Million
≈ $47.09K		 +57.96%
1997-12-31 GBX245.00 Million
≈ $29.81K		 -76.17%
1996-12-31 GBX1.03 Billion
≈ $125.08K		 +18.57%
1995-12-31 GBX867.00 Million
≈ $105.49K		 --

Equity Component Analysis

This analysis shows how different components contribute to British American Tobacco PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 2321200000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings GBX22.93 Billion 47.84%
Common Stock GBX577.00 Million 1.20%
Other Comprehensive Income GBX22.10 Billion 46.11%
Other Components GBX2.32 Billion 4.84%
Total Equity GBX47.93 Billion 100.00%

British American Tobacco PLC Competitors by Market Cap

The table below lists competitors of British American Tobacco PLC ranked by their market capitalization.

Company Market Cap
Viet Capital Securities JSC
VN:VCI
 $1.14 Billion
Guangdong Hoshion Aluminium Co Ltd
SHE:002824
 $1.14 Billion
Lucky Harvest
SHE:002965
 $1.14 Billion
Aryt Industries Ltd
TA:ARYT
 $1.14 Billion
HIT Welding Industry Co. Ltd.
SHE:301137
 $1.14 Billion
Three Squirrels
SHE:300783
 $1.14 Billion
Nanobiotix
NASDAQ:NBTX
 $1.14 Billion
Maas Group Holdings Ltd
AU:MGH
 $1.14 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in British American Tobacco PLC's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 49,643,000,000 to 47,926,000,000, a change of -1,717,000,000 (-3.5%).
  • Net income of 7,764,000,000 contributed positively to equity growth.
  • Dividend payments of 5,238,000,000 reduced retained earnings.
  • Share repurchases of 1,173,000,000 reduced equity.
  • Other comprehensive income decreased equity by 5,227,000,000.
  • Other factors increased equity by 2,157,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income GBX7.76 Billion +16.2%
Dividends Paid GBX5.24 Billion -10.93%
Share Repurchases GBX1.17 Billion -2.45%
Other Comprehensive Income GBX-5.23 Billion -10.91%
Other Changes GBX2.16 Billion +4.5%
Total Change GBX- -3.46%

Book Value vs Market Value Analysis

This analysis compares British American Tobacco PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 198.63x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 19490.52x to 198.63x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1995-12-31 GBX0.22 GBX4329.00 x
1996-12-31 GBX0.31 GBX4329.00 x
1997-12-31 GBX0.11 GBX4329.00 x
1998-12-31 GBX0.03 GBX4329.00 x
1999-12-31 GBX2.13 GBX4329.00 x
2000-12-31 GBX2.25 GBX4329.00 x
2001-12-31 GBX2.10 GBX4329.00 x
2002-12-31 GBX2.29 GBX4329.00 x
2003-12-31 GBX1.93 GBX4329.00 x
2004-12-31 GBX2.61 GBX4329.00 x
2005-12-31 GBX2.93 GBX4329.00 x
2006-12-31 GBX2.85 GBX4329.00 x
2007-12-31 GBX3.03 GBX4329.00 x
2008-12-31 GBX3.07 GBX4329.00 x
2009-12-31 GBX3.36 GBX4329.00 x
2010-12-31 GBX4.07 GBX4329.00 x
2011-12-31 GBX3.61 GBX4329.00 x
2012-12-31 GBX3.30 GBX4329.00 x
2013-12-31 GBX2.93 GBX4329.00 x
2014-12-31 GBX2.43 GBX4329.00 x
2015-12-31 GBX2.16 GBX4329.00 x
2016-12-31 GBX3.61 GBX4329.00 x
2017-12-31 GBX26.85 GBX4329.00 x
2018-12-31 GBX28.90 GBX4329.00 x
2019-12-31 GBX28.22 GBX4329.00 x
2020-12-31 GBX27.67 GBX4329.00 x
2021-12-31 GBX29.63 GBX4329.00 x
2022-12-31 GBX33.28 GBX4329.00 x
2023-12-31 GBX23.58 GBX4329.00 x
2024-12-31 GBX22.31 GBX4329.00 x
2025-12-31 GBX21.79 GBX4329.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently British American Tobacco PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 16.20%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 30.32%
  • • Asset Turnover: 0.23x
  • • Equity Multiplier: 2.28x
  • Recent ROE (16.20%) is below the historical average (57.85%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1995 170.97% 12.70% 0.84x 16.02x GBX809.70 Million
1996 140.94% 13.64% 0.89x 11.54x GBX917.90 Million
1997 168.16% 5.76% 0.84x 34.90x GBX387.50 Million
1998 540.63% 4.86% 0.96x 116.44x GBX339.60 Million
1999 11.53% 6.13% 0.56x 3.37x GBX73.90 Million
2000 13.58% 6.34% 0.62x 3.48x GBX182.30 Million
2001 21.25% 8.88% 0.66x 3.62x GBX534.60 Million
2002 22.22% 10.87% 650.87x 0.00x GBX633.50 Million
2003 14.47% 5.97% 0.56x 4.32x GBX194.90 Million
2004 47.76% 26.25% 0.61x 3.00x GBX2.24 Billion
2005 26.65% 18.95% 0.49x 2.87x GBX1.10 Billion
2006 29.35% 19.42% 0.55x 2.75x GBX1.25 Billion
2007 31.00% 21.26% 0.53x 2.73x GBX1.44 Billion
2008 35.38% 20.27% 0.44x 3.97x GBX1.76 Billion
2009 35.64% 19.09% 0.53x 3.50x GBX1.95 Billion
2010 31.27% 19.34% 0.53x 3.03x GBX1.96 Billion
2011 37.90% 20.10% 0.57x 3.32x GBX2.28 Billion
2012 50.82% 25.00% 0.56x 3.66x GBX3.05 Billion
2013 58.85% 25.58% 0.57x 4.05x GBX3.24 Billion
2014 56.53% 22.30% 0.53x 4.75x GBX2.56 Billion
2015 87.66% 32.74% 0.42x 6.44x GBX3.80 Billion
2016 56.81% 32.89% 0.36x 4.86x GBX3.83 Billion
2017 61.73% 191.85% 0.14x 2.32x GBX31.45 Billion
2018 9.22% 24.63% 0.17x 2.24x GBX-512.40 Million
2019 8.93% 22.04% 0.18x 2.21x GBX-686.20 Million
2020 10.21% 24.83% 0.19x 2.20x GBX132.70 Million
2021 10.14% 26.48% 0.19x 2.05x GBX90.90 Million
2022 8.84% 24.10% 0.18x 2.04x GBX-870.80 Million
2023 -27.33% -52.66% 0.23x 2.26x GBX-19.62 Billion
2024 6.18% 11.86% 0.22x 2.40x GBX-1.90 Billion
2025 16.20% 30.32% 0.23x 2.28x GBX2.97 Billion

Industry Comparison

This section compares British American Tobacco PLC's net assets metrics with peer companies in the Tobacco industry.

Industry Context

  • Industry: Tobacco
  • Average net assets among peers: $425,000,000
  • Average return on equity (ROE) among peers: 72.94%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
British American Tobacco PLC (BATS) GBX48.15 Billion 170.97% 1.27x $1.14 Billion
Imperial Brands PLC (IMB) $425.00 Million 72.94% 5.52x $266.62 Million

About British American Tobacco PLC

LSE:BATS UK Tobacco
Market Cap
$1.14 Billion
GBX9.39 Trillion GBX
Market Cap Rank
#8547 Global
#26 in UK
Share Price
GBX4329.00
Change (1 day)
+0.14%
52-Week Range
GBX3025.00 - GBX4640.00
All Time High
GBX4640.00
Categories
Companies in UK Tobacco
About

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 p… Read more