British American Tobacco PLC Tangible Net Worth Ratio
British American Tobacco PLC tangible net worth ratio. British American Tobacco PLC (BATS) has a Tangible Net Worth Ratio of -79.2% as of June 2026. This metric is calculated by deducting intangible assets (GBX87.09 Billion) from net assets (GBX48.59 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Check how strategically is British American Tobacco PLC's equity deployed to assess the company's strategic physical and investment asset allocation.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of British American Tobacco PLC (1995–2025)
Tangible net worth ratio of British American Tobacco PLC from 1995 to 2025. This chart shows how British American Tobacco PLC's Tangible Net Worth Ratio has changed across 30 annual periods from 1995 to 2025. As of June 2026, the ratio stands at -79.2%, reflecting net assets of GBX48.59 Billion with intangible assets of GBX87.09 Billion GBX. See BATS working capital ratio to evaluate short-term liquidity relative to the company's equity base.
British American Tobacco PLC Tangible Net Worth Ratio by Year (1995–2025)
British American Tobacco PLC tangible net worth ratio by year from 1995 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for British American Tobacco PLC from 1995 to 2025, covering 30 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see British American Tobacco PLC market capitalisation.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 0.3% | GBX48.15 Billion | GBX48.02 Billion | GBX109.29 Billion | ▲ +6.6 pp |
| 2024 | -6.3% | GBX49.99 Billion | GBX53.15 Billion | GBX118.90 Billion | ▼ -3.4 pp |
| 2023 | -2.9% | GBX52.93 Billion | GBX54.47 Billion | GBX118.72 Billion | ▲ +4.2 pp |
| 2022 | -7.1% | GBX75.71 Billion | GBX81.12 Billion | GBX153.55 Billion | ▲ +0.3 pp |
| 2021 | -7.5% | GBX67.40 Billion | GBX72.43 Billion | GBX137.37 Billion | ▲ +6.9 pp |
| 2020 | -14.4% | GBX62.95 Billion | GBX72.02 Billion | GBX137.69 Billion | ▲ +1.7 pp |
| 2019 | -16.1% | GBX64.16 Billion | GBX74.47 Billion | GBX141.00 Billion | ▲ +2.4 pp |
| 2018 | -18.5% | GBX65.69 Billion | GBX77.85 Billion | GBX146.34 Billion | ▲ +2.2 pp |
| 2017 | -20.7% | GBX61.03 Billion | GBX73.64 Billion | GBX141.04 Billion | ▼ -107.7 pp |
| 2016 | 87.0% | GBX8.41 Billion | GBX1.09 Billion | GBX39.77 Billion | ▲ +9.1 pp |
| 2015 | 77.9% | GBX5.03 Billion | GBX1.11 Billion | GBX31.52 Billion | ▼ -5.6 pp |
| 2014 | 83.5% | GBX5.81 Billion | GBX962.00 Million | GBX26.17 Billion | ▼ -2.8 pp |
| 2013 | 86.2% | GBX6.93 Billion | GBX956.00 Million | GBX26.88 Billion | ▼ -2.0 pp |
| 2012 | 88.2% | GBX7.78 Billion | GBX917.00 Million | GBX27.33 Billion | ▲ +129.7 pp |
| 2011 | -41.5% | GBX8.47 Billion | GBX11.99 Billion | GBX27.12 Billion | ▼ -11.0 pp |
| 2010 | -30.5% | GBX9.55 Billion | GBX12.46 Billion | GBX27.86 Billion | ▲ +24.1 pp |
| 2009 | -54.6% | GBX7.91 Billion | GBX12.23 Billion | GBX26.61 Billion | ▲ +16.1 pp |
| 2008 | -70.7% | GBX7.21 Billion | GBX12.32 Billion | GBX27.55 Billion | ▼ -56.4 pp |
| 2007 | -14.3% | GBX7.09 Billion | GBX8.11 Billion | GBX18.76 Billion | ▼ -2.5 pp |
| 2006 | -11.8% | GBX6.69 Billion | GBX7.48 Billion | GBX17.78 Billion | ▲ +4.4 pp |
| 2005 | -16.1% | GBX6.88 Billion | GBX7.99 Billion | GBX19.05 Billion | ▲ +9.7 pp |
| 2004 | -25.9% | GBX6.12 Billion | GBX7.70 Billion | GBX17.77 Billion | ▲ +48.8 pp |
| 2003 | -74.7% | GBX4.59 Billion | GBX8.01 Billion | GBX18.86 Billion | ▼ -45.9 pp |
| 2001 | -28.8% | GBX5.08 Billion | GBX6.55 Billion | GBX17.23 Billion | ▲ +1.0 pp |
| 2000 | -29.8% | GBX5.52 Billion | GBX7.16 Billion | GBX17.74 Billion | ▼ -28.6 pp |
| 1999 | -1.2% | GBX5.28 Billion | GBX5.34 Billion | GBX16.23 Billion | ▲ +155.2 pp |
| 1998 | -156.3% | GBX387.00 Million | GBX992.00 Million | GBX7.45 Billion | ▲ +504.1 pp |
| 1997 | -660.4% | GBX245.00 Million | GBX1.86 Billion | GBX8.55 Billion | ▼ -599.4 pp |
| 1996 | -61.0% | GBX1.03 Billion | GBX1.66 Billion | GBX8.09 Billion | ▲ +25.2 pp |
| 1995 | -86.2% | GBX867.00 Million | GBX1.61 Billion | GBX8.06 Billion | — |