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Stock Comparison · Structural lead, mixed market

British American Tobacco p.l.c. vs 3M Company: Which Stock Looks Stronger in 2026?

British American Tobacco p.l.c holds the cleaner structural position, with stability as the main driver and valuation adding further support. The market setup is currently leaning toward 3M Company, which does not confirm the structural lead. That leaves a split case: the structural lead stays with British American Tobacco p.l.c, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (BATS.L: STOXX 600, MMM: Russell 1000).

Updated 2026-08-16

Most of the visible separation comes from stability. British American Tobacco p.l.c. leads by 10 points on the overall comparison score.

Trajectory Similarity
0.62
Moderately similar
Peer-set rank: #2
within British American Tobacco p.l.c.'s functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

The pair shares a valid long-term profile match, but the trajectories are not especially close.

The strongest overlap appears in revenue growth trajectory and investment intensity.

Similarity drivers
revenue growth trajectoryinvestment intensity
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
BATS.L
British American Tobacco p.l.c.
70
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600
vs
MMM
3M Company
60
Peer-Score
Signal qualityMedium
Peer basis: Russell 1000

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: BATS.L vs MMM Profitability 79 86 Stability 67 41 Valuation 83 60 Growth 41 41 BATS.L MMM
Gap Ranking
#1 Stability +26
#2 Valuation +23
#3 Profitability +7
#4 Growth
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for BATS.L and MMM Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer BATS.LMMM Relative valuation Structural strength

The two profiles are relatively close, but the price setup still leans toward British American Tobacco p.l.c..

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Stability
Both rank well on stability, but British American Tobacco p.l.c. still holds a clear edge.
Valuation
On valuation, the same pattern holds: both are strong, but British American Tobacco p.l.c. still leads clearly.
Stability — Dominant Gap
BATS.L
67
MMM
41
Gap+26in favour of BATS.L

The stability gap is wide, with the stronger side looking materially steadier through time.

What keeps the gap from being one-sided

The market setup is mixed for both, so the structural comparison carries most of the weight here.

What this means for the comparison

Stability is the clearest driver, and valuation also supports British American Tobacco p.l.c.'s broader structural position.

Explore full peer positioning in AssetNext

Break down the BATS.L vs MMM comparison across all dimensions with the full interactive tool.

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Similar stability-and-valuation comparisons

Explore how BATS.L and MMM each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.