ABEV vs. BTI: Ambev vs. British American Tobacco Stock Comparison

November 11, 2026

How do Ambev (ABEV) and British American Tobacco (BTI) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Ambev (ABEV) and British American Tobacco (BTI) both fall under the Food, Beverage & Tobacco industry group, but ABEV is classified in Beverages while BTI is classified in Tobacco.

Both Ambev (ABEV) and British American Tobacco (BTI) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.

Company profile comparison for Ambev (ABEV) and British American Tobacco (BTI)
Profile Item	ABEV	BTI
Name	Ambev S.A. ADR	British American Tobacco plc ADR
Country/Region	Brazil	United Kingdom
GICS Sector	Consumer Staples	Consumer Staples
GICS Industry Group	Food, Beverage & Tobacco	Food, Beverage & Tobacco
GICS Industry	Beverages	Tobacco
GICS Sub-Industry	Brewers	Tobacco
Market Capitalization	43.01 billion USD	130.83 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 5, 1997	April 14, 1980
Security Type	ADR	ADR

Price Performance

Cumulative Growth

ABEV

BTI

GSPC

Ambev (ABEV) vs. British American Tobacco (BTI), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Ambev (ABEV) and British American Tobacco (BTI). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Ambev (ABEV) and British American Tobacco (BTI). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Ambev (ABEV) and British American Tobacco (BTI)
Metric	ABEV	BTI
Total Return (1Y)	15.68%	16.59%
Total Return (3Y, Annualized)	5.87%	34.31%
Total Return (5Y, Annualized)	1.96%	20.24%

Risk Profile

Drawdown History

ABEV

BTI

GSPC

Ambev (ABEV) vs. British American Tobacco (BTI), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Ambev (ABEV) and British American Tobacco (BTI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Ambev (ABEV) and British American Tobacco (BTI)
Metric	ABEV	BTI
Volatility (1Y, Annualized)	35.89%	26.28%
Beta (5Y)	0.56	0.29
Max Drawdown (5Y)	-38.91%	-29.84%
Avg. Volume (3M)	26.44M	5.01M

Risk-Adjusted Performance

Risk-Return Positioning

ABEV and BTI are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Ambev (ABEV) and British American Tobacco (BTI)
Metric	ABEV	BTI
Sharpe Ratio (1Y)	0.32	0.47
Sortino Ratio (1Y)	0.47	0.71

Profitability

ROE (TTM)

Ambev (ABEV) at 17.65% sits in the top ROE quartile, while British American Tobacco (BTI) at 13.42% is closer to the peer norm — stronger capital efficiency for ABEV.

ABEV

Food, Beverage & Tobacco industry group

17.65%

Max: 32.02%
ABEV: 17.65%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

BTI

Food, Beverage & Tobacco industry group

13.42%

Max: 32.02%
Q3: 16.61%
BTI: 13.42%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

Ambev (ABEV) vs. British American Tobacco (BTI): A comparison of their ROE against the Food, Beverage & Tobacco industry group benchmark.

Net Margin (TTM)

British American Tobacco (BTI) at 24.99% keeps the most of each sales dollar — above its industry’s net margin range — and Ambev (ABEV) at 17.69% also retains a top-quartile share.

ABEV

Food, Beverage & Tobacco industry group

17.69%

Max: 24.83%
ABEV: 17.69%
Q3: 11.22%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

BTI

Food, Beverage & Tobacco industry group

24.99%

BTI: 24.99%
Max: 24.83%
Q3: 11.22%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

Ambev (ABEV) vs. British American Tobacco (BTI): A comparison of their net margin against the Food, Beverage & Tobacco industry group benchmark.

Operating Margin (TTM)

Both Ambev (ABEV) at 25.56% and British American Tobacco (BTI) at 34.91% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

ABEV

Food, Beverage & Tobacco industry group

25.56%

Max: 34.91%
ABEV: 25.56%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

BTI

Food, Beverage & Tobacco industry group

34.91%

BTI: 34.91%
Max: 34.91%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

Ambev (ABEV) vs. British American Tobacco (BTI): A comparison of their operating margin against the Food, Beverage & Tobacco industry group benchmark.

Profitability Metrics

Profitability metrics for Ambev (ABEV) and British American Tobacco (BTI)
Metric	ABEV	BTI
ROE (TTM)	17.65%	13.42%
ROA (TTM)	10.27%	5.12%
Net Margin (TTM)	17.69%	24.99%
Operating Margin (TTM)	25.56%	34.91%
Gross Margin (TTM)	51.78%	82.72%

Growth

Revenue Growth

British American Tobacco (BTI) at -0.99% is around its peer norm for revenue growth, while Ambev (ABEV) at -1.35% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Ambev (ABEV) vs. British American Tobacco (BTI): A comparison of their Revenue Growth across different time periods.

EPS Growth

British American Tobacco (BTI) at 156.69% clears its industry range for EPS growth, a much stronger earnings trajectory than Ambev (ABEV) at 2.20%, which is closer to a typical peer reading.

Ambev (ABEV) vs. British American Tobacco (BTI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Ambev (ABEV) and British American Tobacco (BTI)
Metric	ABEV	BTI
Revenue Growth (YoY)	-1.35%	-0.99%
Revenue Growth (3Y CAGR)	3.45%	-2.53%
EPS Growth (YoY)	2.20%	156.69%
EPS Growth (3Y CAGR)	0.00%	6.15%

Financial Strength

Current Ratio (MRQ)

Ambev (ABEV) at 1.06 keeps current ratio within its industry’s typical mid-range, while British American Tobacco (BTI) at 0.84 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for BTI.

ABEV

Food, Beverage & Tobacco industry group

1.06

Max: 4.01
Q3: 2.35
Median: 1.53
ABEV: 1.06
Q1: 1.02
Min: 0.33

BTI

Food, Beverage & Tobacco industry group

0.84

Max: 4.01
Q3: 2.35
Median: 1.53
Q1: 1.02
BTI: 0.84
Min: 0.33

Ambev (ABEV) vs. British American Tobacco (BTI): A comparison of their current ratio against the Food, Beverage & Tobacco industry group benchmark.

Debt / Equity (MRQ)

Ambev (ABEV) at 0.03 keeps leverage in the lower industry quartile, while British American Tobacco (BTI) at 0.72 runs a more typical debt-to-equity mix.

ABEV

Food, Beverage & Tobacco industry group

0.03

Max: 2.19
Q3: 1.11
Median: 0.68
Q1: 0.33
ABEV: 0.03
Min: 0.00

BTI

Food, Beverage & Tobacco industry group

0.72

Max: 2.19
Q3: 1.11
BTI: 0.72
Median: 0.68
Q1: 0.33
Min: 0.00

Ambev (ABEV) vs. British American Tobacco (BTI): A comparison of their debt-to-equity ratio against the Food, Beverage & Tobacco industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Ambev (ABEV) and British American Tobacco (BTI)
Metric	ABEV	BTI
Current Ratio (MRQ)	1.06	0.84
Debt / Equity (MRQ)	0.03	0.72
Net Debt / EBITDA	-0.72	2.90

Dividends

Dividend Yield (TTM)

British American Tobacco (BTI) at 3.88% earns its spot in the top quartile of its industry’s yields; Ambev (ABEV) at 9.64% is past the top of its own peer range — territory where a dividend-safety check matters more than the headline number.

ABEV

Food, Beverage & Tobacco industry group

9.64%

ABEV: 9.64%
Max: 9.38%
Q3: 3.77%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

BTI

Food, Beverage & Tobacco industry group

3.88%

Max: 9.38%
BTI: 3.88%
Q3: 3.77%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

Ambev (ABEV) vs. British American Tobacco (BTI): A comparison of their dividend yield against the Food, Beverage & Tobacco industry group benchmark.

Dividend Payout Ratio (TTM)

Ambev (ABEV) at 74.21% pays out a band-typical share of earnings, while British American Tobacco (BTI) at 83.97% distributes more than its industry norm — less retained, thinner cover.

ABEV

Food, Beverage & Tobacco industry group

74.21%

Max: 199.19%
Q3: 81.03%
ABEV: 74.21%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

BTI

Food, Beverage & Tobacco industry group

83.97%

Max: 199.19%
BTI: 83.97%
Q3: 81.03%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

Ambev (ABEV) vs. British American Tobacco (BTI): A comparison of their payout ratio against the Food, Beverage & Tobacco industry group benchmark.

Dividend Metrics

Dividend metrics for Ambev (ABEV) and British American Tobacco (BTI)
Metric	ABEV	BTI
Dividend Yield (TTM)	9.64%	3.88%
Dividend Payout Ratio (TTM)	74.21%	83.97%

Valuation

P/E Ratio (TTM)

Both Ambev (ABEV) at 14.68 and British American Tobacco (BTI) at 15.61 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

ABEV

Food, Beverage & Tobacco industry group

14.68

Max: 52.52
Q3: 30.78
Median: 18.76
ABEV: 14.68
Q1: 12.77
Min: 4.72

BTI

Food, Beverage & Tobacco industry group

15.61

Max: 52.52
Q3: 30.78
Median: 18.76
BTI: 15.61
Q1: 12.77
Min: 4.72

Ambev (ABEV) vs. British American Tobacco (BTI): A comparison of their P/E ratio against the Food, Beverage & Tobacco industry group benchmark.

P/S Ratio (TTM)

Ambev (ABEV) at 0.48 sits in the cheaper P/S ratio quartile while British American Tobacco (BTI) at 5.08 prices above its industry range — a wide gap in sales valuation between them.

ABEV

Food, Beverage & Tobacco industry group

0.48

Max: 4.64
Q3: 2.27
Median: 1.17
Q1: 0.52
ABEV: 0.48
Min: 0.00

BTI

Food, Beverage & Tobacco industry group

5.08

BTI: 5.08
Max: 4.64
Q3: 2.27
Median: 1.17
Q1: 0.52
Min: 0.00

Ambev (ABEV) vs. British American Tobacco (BTI): A comparison of their P/S ratio against the Food, Beverage & Tobacco industry group benchmark.

P/B Ratio (MRQ)

Ambev (ABEV) at 2.38 sits near its industry’s typical P/B ratio, while British American Tobacco (BTI) at 10.59 prices above its benchmark range — BTI looks rich relative to book.

ABEV

Food, Beverage & Tobacco industry group

2.38

Max: 6.35
Q3: 3.07
ABEV: 2.38
Median: 1.58
Q1: 0.82
Min: 0.00

BTI

Food, Beverage & Tobacco industry group

10.59

BTI: 10.59
Max: 6.35
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00

Ambev (ABEV) vs. British American Tobacco (BTI): A comparison of their P/B ratio against the Food, Beverage & Tobacco industry group benchmark.

Valuation Metrics

Valuation metrics for Ambev (ABEV) and British American Tobacco (BTI)
Metric	ABEV	BTI
P/E Ratio (TTM)	14.68	15.61
P/S Ratio (TTM)	0.48	5.08
P/B Ratio (MRQ)	2.38	10.59
Free Cash Flow Yield (TTM)	48.96%	2.69%