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BT Group plc BT-A.L

GB · London Stock Exchange · XLON · stock · Communication Services · website

BT Group plc statistics & valuation

Market cap£21.3B
P / E19.7×
P / S1.1×
P / B1.7×
P / FCF11.4×
Dividend yield3.80%
Net margin5.5%
Return on equity8.6%
FCF margin9.5%
Net debt£22.5B
Enterprise value USD$57.8B
Earnings yield EBIT/EV8.1%
Return on capital8.5%
Graham number -99.2%£1.76

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (£1.76); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
9.20% 4.10% 5.20% 5.50% 2023202420252026
Gross margin (%)
73.30% 72.50% 73.60% 74.10% 2023202420252026
Operating margin (%)
16.20% 16.50% 17.10% 18.00% 2023202420252026
Return on equity (%)
13.10% 6.80% 8.20% 8.60% 2023202420252026
Shares outstanding
9.85B 9.85B 9.85B 9.85B 2023202420252026
Net debt (£)
£23.62B £23.14B £23.15B £22.48B 2023202420252026
Share buybacks (£)
£138.0M £133.0M £79.0M £126.0M 2023202420252026
Return on assets (%)
3.60% 1.70% 2.10% 2.20% 2023202420252026
Free cash flow margin (%)
6.90% 4.70% 10.10% 9.50% 2023202420252026
Debt / equity (×)
1.65× 1.88× 1.81× 1.81× 2023202420252026
EPS (£)
£0.19 £0.09 £0.11 £0.11 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

BT Group plc trades at about 1998.1× earnings — above its 10-year norm (10-year range 840.5×–2005.1×, median 1639.6×).

840.5× 2005.1×

Shaded band = 10-year range (840.5×–2005.1×); dot = today's 1998.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin74.1%73.6%72.5%73.3%
Operating margin18.0%17.1%16.5%16.2%
Net margin5.5%5.2%4.1%9.2%
FCF margin9.5%10.1%4.7%6.9%
Return on assets2.2%2.1%1.7%3.6%
Return on equity8.6%8.2%6.8%13.1%
Debt / equity1.44×1.29×1.37×1.15×
Current ratio0.850.810.890.91

Computed from company filings · GB · as of 2026-03-31. Figures in GBP. Facts plus Stocktoria's own computed scores — not investment advice.