Methodology
Six largest publicly traded tobacco companies (i.e. 93.5% of the total market capitalization of all publicly traded tobacco & nicotine companies). Total Shareholder Return (TSR) expressed as a percentage, including price appreciation and dividends paid in a given period. In US$ terms: US ADR for BAT (ticker: BTI), currency converted for Imperial Brands, Japan Tobacco and ITC.
TSR = [(Last Price − Initial Price) + Dividends] / Initial Price
Major Tobacco Companies: TSR 2024
| (US$) | Last Price | Initial price | ΔPrice | Dividend | Return | TSR |
| Imperial | 31.94 | 22.98 | 8.96 | 1.95 | 10.90 | 47.4% |
| Altria | 52.29 | 40.34 | 11.95 | 4.00 | 15.95 | 39.5% |
| BAT | 36.32 | 29.29 | 7.03 | 2.95 | 9.98 | 34.1% |
| PMI | 120.35 | 94.08 | 26.27 | 5.30 | 31.57 | 33.6% |
| Japan Tobacco | 25.94 | 25.84 | 0.09 | 1.30 | 1.39 | 5.4% |
| ITC | 5.68 | 5.56 | 0.12 | 0.16 | 0.29 | 5.1% |
| SP500 | 5,882 | 4,770 | 1,112 | 69 | 1,181 | 24.8% |
| XLP | 78.61 | 72.03 | 6.58 | 2.18 | 8.76 | 12.2% |
Returns in Local Currencies
| LC | Last Price | Initial price | ΔPrice | Dividend | Return | TSR |
| Imperial (£) | 25.53 | 18.07 | 7.47 | 1.51 | 8.98 | 49.7% |
| BAT (£) | 28.80 | 22.96 | 5.85 | 2.36 | 8.20 | 35.7% |
| JT (¥) | 4,080 | 3,645 | 435 | 194 | 629 | 17.3% |
| ITC (₹) | 486.2 | 462.1 | 24.1 | 13.8 | 37.9 | 8.2% |
Currency Fluctuations
| Last Price | Initial price | ΔPrice | %Price | Average Price | |
| £/$ | 1.251 | 1.272 | -0.021 | -1.7% | 1.291 |
| $/¥ | 157.3 | 141.0 | 16.3 | +11.5% | 149.1 |
| $/₹ | 85.64 | 83.17 | 2.47 | +3.0% | 83.68 |
