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Imperial Brands PLC IMB.L

GB · London Stock Exchange · XLON · stock · Consumer Defensive · website

Imperial Brands PLC statistics & valuation

Market cap£20.1B
P / E9.7×
P / S0.6×
P / B4.2×
P / FCF6.4×
Net margin6.4%
FCF margin9.8%
Net debt£8.6B
Enterprise value USD$38.7B
Earnings yield EBIT/EV12.2%
Return on capital20.7%
Graham number -99.3%£18.85

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 (£18.85); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
4.80% 7.20% 8.10% 6.40% 2022202320242025
Gross margin (%)
18.50% 20.60% 20.90% 21.80% 2022202320242025
Operating margin (%)
10.30% 10.50% 11.00% 10.80% 2022202320242025
Return on equity (%)
22.90% 38.70% 48.00% 42.90% 2022202320242025
Shares outstanding
761.3M 761.3M 761.3M 761.3M 2022202320242025
Net debt (£)
£8.40B £8.38B £8.01B £8.56B 2022202320242025
Share buybacks (£)
£0 £1.01B £1.02B £1.24B 2022202320242025
Return on assets (%)
5.10% 7.90% 9.40% 7.20% 2022202320242025
Free cash flow margin (%)
9.70% 9.10% 8.90% 9.80% 2022202320242025
Debt / equity (×)
1.49× 1.62× 1.67× 2.07× 2022202320242025
EPS (£)
£1.65 £2.51 £2.99 £2.49 2022202320242025

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

Imperial Brands PLC trades at about 1060.2× earnings — below its 10-year norm (10-year range 698.2×–1289.6×, median 1213.4×).

698.2× 1289.6×

Shaded band = 10-year range (698.2×–1289.6×); dot = today's 1060.2×.

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)

RatioFY2025FY2024FY2023FY2022
Gross margin21.8%20.9%20.6%18.5%
Operating margin10.8%11.0%10.5%10.3%
Net margin6.4%8.1%7.2%4.8%
FCF margin9.8%8.9%9.1%9.7%
Return on assets7.2%9.4%7.9%5.1%
Return on equity42.9%48.0%38.7%22.9%
Debt / equity1.77×1.38×1.31×1.31×
Current ratio0.740.720.720.80

Computed from company filings · GB · as of 2025-09-30. Figures in GBP. Facts plus Stocktoria's own computed scores — not investment advice.