The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

BATS.L

Concerning the House

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 pouches; combustibles, including cigarette sticks and other tobacco stick products; traditional oral products, such as snus and moist snuff; and fine cut/roll-your-own tobacco products. It sells its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Natural American Spirit, and Camel Snus brands, as well as Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, and State Express 555 brands. The company distributes its products to retail outlets. British American Tobacco p.l.c. was founded in 1902 and is headquartered in London, the United Kingdom.

United Kingdom · www.bat.com

Quotation

$4,264.00

+114.00 (+2.7%)

52w hi$4,961.34
52w lo$3,731.45
Vol4.07M
As ofAug 13
The Verdict

Hold

Our score -0.20

Short+0.02
Medium-0.37
Long-0.28

computed 2026-08-13

By the Numbers

British American Tobacco p.l.c.

Consumer Defensive · Tobacco

Market cap$91.91B
Enterprise value$122.59B
Trailing P/E14.65x
Forward P/E10.95x
EV / EBITDA10.95x
P / S (ttm)3.57x
Profit margin25.0%
Return on equity13.4%
Revenue growth+1.4%
Earnings growth-28.6%
Debt / equity72.15
Risk Metrics
Beta vs SPX-0.12
Corr SPX-0.09
Annual vol23.1%
Annual ret+26.7%
Sharpe1.16
Max DD-14.9%

Window: 504 trading days (491 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.20
Sector+0.02
Technical-0.14
Earnings+0.00
Sentiment+0.32

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$4,150.00$4,264.00$4,135.00$4,264.004.07M
Aug 12$4,225.00$4,239.00$4,150.00$4,150.003.45M
Aug 11$4,236.00$4,257.00$4,202.00$4,202.003.07M
Aug 10$4,402.00$4,404.00$4,205.00$4,228.002.36M
Aug 7$4,350.00$4,458.50$4,341.00$4,421.002.30M