British American Tobacco Industries (BTI) Stock Analysis & Forecast

Nov 4 close

$62.97+2.07 (+3.4%)

Gekko Brief

AI summaryNov 4 close

Goldman Sachs upgraded BTI this week from Neutral to Buy, calling it the clearest growth inflection story among tobacco manufacturers and citing expected acceleration in Velo adoption alongside growth in the U.S. business. Separately, the company confirmed that all 122,343 shares repurchased on 23 October are slated for cancellation, part of an ongoing buyback program with Merrill Lynch International that runs until 23 December 2026.

BTI closed at $62.97, up 3.4%, sitting between its 50-day average of $56.82 and 200-day average of $59.21, within a 52-week range of $52.06 to $67.30. The one-month return stands at 18.8%. The GekkoIndex reads 49, placing the stock in the Neutral zone, while the gap to Gekko Fair Value of $102.27 shows the price 38.4% below that level.

The next earnings report is scheduled for 11 February 2027, 98 days away and outside a typical 20-trading-day hold. No insider or Congress buying appears in the past 90 days, and no unusual options activity appears in the past 30 days. Seasonality from this point in the calendar has averaged a 5.5% return over the next 20 trading days across 5 years, rising in 5 of those years. Consensus among 3 covering firms stands at buy, with a consensus target of $70.37 implying 11.8% upside.

Written by AI from the Nov 4, 2026 close and checked automatically against the figures on this page.

British American Tobacco Industries price vs fair value

▲$102.27$62.97Nov ’25May ’26Nov ’26
Close $62.97200-day averageGekko Fair Value $102.27

British American Tobacco Industries quick facts

Market cap
$136.4B
P/E ratio
15.9
Forward P/E
11.9
EPS, TTM
$3.90
Revenue, TTM
$25.78B
Profit margin
25%
Dividend yield
5.39%
Beta
0.09
Volume
5.64M avg 5.22M
1-year return
+20.1%
Typical daily move
±2%
Typical 20-day move
±4.4%
50-day average
$56.82
200-day average
$59.21
Next earnings
Feb 11 before open
Shares outstanding
2.15B
52-week range
$52.06$67.30

British American Tobacco Industries swing-trade checklist

British American Tobacco Industries scores 3 supportive, 2 mixed and 0 headwinds across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive2 mixed0 headwinds

  • Trendmixed

    Averages disagree

    Close $62.97 sits between the 50-day ($56.82) and 200-day ($59.21) averages, or the averages disagree.

    See the chart
  • GekkoIndexmixed

    49, Neutral

    Reading 49 is in the Neutral zone.

    See the GekkoIndex
  • Fair valuesupportive

    38.4% below

    Price is 38.4% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings risksupportive

    Reports in 98 days

    Next report Feb 11, 2027, 98 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +5.5% on average

    From this point in the calendar, the next 20 trading days averaged +5.5% over 5 years, rising in 5 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

British American Tobacco Industries stock chart and price history

British American Tobacco Industries closed at $62.97 on Nov 4, 2026, +20.1% over the past year, inside a 52-week range of $52.06 to $67.30.

Close50-day average200-day averageVolume
British American Tobacco Industries share price, past year, with 50-day and 200-day moving averages and volume$50$55$60$65DecJan 2026FebMarAprMayJunJulAugSepOct62.97

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
+18.8%
3 months
+7.2%
6 months
+5.7%
1 year
+20.1%
The full BTI chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open BTI in Gekko

Follow British American Tobacco Industries through every session

Put BTI on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.

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About British American Tobacco Industries

British American Tobacco Industries makes and sells tobacco and nicotine products to consumers across the United States, Europe, Latin America, Canada, the Asia-Pacific, the Middle East, Central Asia, the Caucasus, and Africa. Its range spans vapour devices, heated products that warm a plant-based substance through a battery-powered unit, modern oral items such as nicotine pouches, traditional oral products like snus and moist snuff, roll-your-own and fine cut tobacco, and combustible cigarette sticks. It is known for a wide portfolio of brand names, including Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Natural American Spirit, Camel Snus, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, and State Express 555.

The company moves its goods to market through retail outlets, reaching consumers in the many regions it serves rather than through a single channel or customer type.

British American Tobacco Industries traces its founding to 1902 and keeps its headquarters in London, United Kingdom. Its shares trade under the ticker BTI.

Sector
Consumer non-durables
Website
bat.com

British American Tobacco Industries GekkoIndex: the smart money zone

British American Tobacco Industries’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 49, in the Neutral zone, down 2.2 points over five sessions.

010049Neutral

Down 2.2 points over five sessions.

Reading for Nov 4, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying17+1.6%+3.5%+7.9%+9.6%
Accumulation179+0.9%+1.6%+3.7%+6.9%
Neutral (current zone)371+0.5%+1.3%+1.9%+5.9%
Distribution78+0.2%−0.7%−0.1%+2.6%
Selling5Too few readings yet

Average BTI share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.0% over 20 days. Past behaviour doesn’t guarantee future results.

Neutral zone: No clear directional signal. About the five zones →

See every daily GekkoIndex reading plotted over the BTI price, zone by zone.Track BTI in Gekko

Is British American Tobacco Industries stock overvalued? Gekko Fair Value

British American Tobacco Industries trades 38.4% below Gekko Fair Value of $102.27, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what British American Tobacco Industries shares are worth, recalculated every trading day.

$102.27

Gekko Fair Value, Nov 4, 2026

38.4% Undervalued

At the end of Sep 2026 the price was 40.8% below the estimate.

Gekko Fair ValueShare price, month end
$102$61Sep 2026OctNov 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open BTI in Gekko

British American Tobacco Industries insider and Congress trading

No open-market insider purchases were filed for British American Tobacco Industries, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for BTI in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every BTI insider filing, plotted on the chart in Gekko.Open BTI in Gekko

Congress trades last 90 days

No trades in BTI were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for BTI, plotted on the chart in Gekko.Open BTI in Gekko

British American Tobacco Industries earnings: next date and track record

British American Tobacco Industries reports on Feb 11, 2027, before the open (98 days away), and beat the EPS estimate in 3 of its last 8 reports.

3 of 8reports beat the EPS estimate
±2.4%average move across the report
4 of 8reports followed by a gain

Share-price move across each report

−0.6%Nov ’24−9.2%Feb ’25+0.9%May ’25+2.2%Jul ’25+0.6%Nov ’25−1.4%Feb ’26+0.2%Apr ’26−3.8%Jul ’26

Last earnings call, Jul 30, 2026 AI summary

What they said
BTI delivered H1 2026 results in line with expectations, with group revenue up 2.9%, adjusted gross profit up 3.8%, and adjusted diluted EPS up 7.9% on a constant currency basis. New category revenue accelerated 18%, led by Modern Oral up 66% and Velo driving smokeless to 19.8% of group revenue with 35 million total consumers. U.S. total revenue grew 8.5% with adjusted operating profit up 10.1%. New category contribution surged 55% to GBP 269 million. Adjusting items included GBP 800 million trademark amortization and GBP 370 million Fit2Win charges.
Guidance
Management expects adjusted profit from operations to accelerate in H2, driven by AME and APMEA improvements and Fit2Win savings phasing. BTI targets leverage within 2-2.5x corridor by year-end, maintains progressive dividend, and executes GBP 1.3 billion share buyback in 2026. Full-year algorithm delivery is anticipated.
ReportedEPSSurpriseRevenueSurpriseMove
Jul 30, 2026$2.25
est $2.21
+1.8%$16.43B
est $16.42B
0.0%−3.8%
Apr 28, 2026$0.00
est $0.00
———+0.2%
Feb 12, 2026$2.55
est $2.50
+2.0%$18.43B
est $17.83B
+3.4%−1.4%
Nov 28, 2025$0.00
est $0.00
———+0.6%
Jul 31, 2025$2.79
est $2.24
+24.6%$16.45B
est $16.24B
+1.3%+2.2%
May 30, 2025$0.00
est $0.00
———+0.9%
Feb 13, 2025−$0.66
est $0.00
—$16.92B
est $17.74B
−4.6%−9.2%
Nov 29, 2024$0.00
est $0.00
———−0.6%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

British American Tobacco Industries stock forecast and analyst price targets

Analysts’ average 12-month price target for British American Tobacco Industries is $70.37, +11.8% from the last close, from 3 firms rating the stock in the last 90 days.

$70.37consensus 12-month target, +11.8% from the last close
Low $68.10High $75.05
Buy3
Hold0
Sell0

Each firm’s latest rating in the last 90 days: 3 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Nov 2Goldman SachsBuy, upgraded$75.05+19.2%
Oct 1Bank of America SecuritiesBuy, maintained——
Sep 7Morgan StanleyBuy, maintained$68.10+8.1%
+1.9%average 20-day move after past Neutral readings
+5.5%average move over the next 20 trading days in the last 5 years
±2%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

British American Tobacco Industries seasonality: the next 20 trading days

Over the next 20 trading days from Nov 4, British American Tobacco Industries averaged +5.5% across the last 5 years, rising in 5 of them.

Next 20 trading days, by year

+0.3%2021+10.2%2022+1.6%2023+5.5%2024+8.6%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+1.1%3 of 5
Next 10 trading days+2.7%5 of 5
Next 15 trading days+4.5%4 of 5
Next 20 trading days+5.5%5 of 5
Next 30 trading days+5.0%4 of 5

For scale, BTI’s typical 20-trading-day move in either direction is about 4.4%.

British American Tobacco Industries market cap and key statistics

British American Tobacco Industries’s market cap is $136.4B, with a P/E ratio of 15.9 and revenue of $25.78B over the last twelve months.

Valuation

Market cap
$136.4B
P/E ratio
15.9
Forward P/E
11.9
EPS, TTM
$3.90
Gekko Fair Value
$102.27

Trading

Volume
5.64M
Avg volume, 20 days
5.22M
52-week high
$67.30
52-week low
$52.06
Shares outstanding
2.15B

Financials

Revenue, TTM
$25.78B
Profit margin
25%
Return on equity
13.4%
Quarterly earnings growth, YoY
−28.6%

Risk and income

Beta
0.09
Typical daily move
±2%
Typical 20-day move
±4.4%
Dividend yield
5.39%

British American Tobacco Industries stock news this week

Coverage of British American Tobacco Industries this week reads positive: 4 positive, 2 neutral and 1 negative headlines.

News sentiment positive

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In the Buying zone today

Reporting earnings this week

Popular on Gekko

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British American Tobacco Industries stock FAQ

What is British American Tobacco Industries’s market cap?

British American Tobacco Industries’s market cap is $136.4B at the Nov 4, 2026 close of $62.97, with 2.15B shares outstanding. The shares trade on a P/E ratio of 15.9.

What is the British American Tobacco Industries stock forecast?

The consensus analyst 12-month price target for British American Tobacco Industries is $70.37, +11.8% from the last close. Of the 3 firms that rated the stock in the last 90 days, 3 rate it a buy, 0 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is British American Tobacco Industries stock overvalued or undervalued?

On Gekko’s estimate British American Tobacco Industries is undervalued: the Nov 4, 2026 close of $62.97 is 38.4% below Gekko Fair Value of $102.27. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does British American Tobacco Industries report earnings next?

British American Tobacco Industries is expected to report on Feb 11, 2027, before the market opens (98 days away). Analysts expect earnings of $2.61 per share on revenue of $18.61B. British American Tobacco Industries beat the earnings estimate in 3 of its last 8 reports, moving 2.4% on average across the report.

What is British American Tobacco Industries’s 52-week high and low?

British American Tobacco Industries’s 52-week high is $67.30 and its 52-week low is $52.06; it closed at $62.97 on Nov 4, 2026, +20.1% over the past year.

Is British American Tobacco Industries stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (fair value, earnings risk and seasonality), 2 as mixed (trend and gekkoindex). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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