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Stock Comparison · Structural lead, mixed market

British American Tobacco p.l.c. vs Mandatum Oyj: Which Stock Looks Stronger in 2026?

British American Tobacco p.l.c holds the cleaner structural position, with the lead spread across profitability and growth. Mandatum Oyj still has the edge on growth, which keeps the comparison from looking entirely one-sided. The market setup is currently leaning toward Mandatum Oyj, 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. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-08-16

The clearest score difference appears in profitability, while growth still leans the other way. British American Tobacco p.l.c. leads by 18 points on the overall comparison score.

Trajectory Similarity
0.60
Moderately similar
Peer-set rank: #3
within British American Tobacco p.l.c.'s functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

A moderate similarity means the pair is structurally comparable, but not a near-twin trajectory match.

The clearest structural overlap shows up in investment intensity and revenue growth trajectory.

Similarity drivers
investment intensityrevenue growth trajectory
What reduces the match
margin trend
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
MANTA.HE
Mandatum Oyj
52
Peer-Score
Signal qualityLow
Peer basis: STOXX 600

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 MANTA.HE Profitability 79 30 Stability 67 64 Valuation 83 48 Growth 41 80 BATS.L MANTA.HE
Gap Ranking
#1 Profitability +49
#2 Growth +39
#3 Valuation +35
#4 Stability +3
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for BATS.L and MANTA.HE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer BATS.LMANTA.HE Relative valuation Structural strength

British American Tobacco p.l.c. and Mandatum Oyj look relatively close on structure, 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
Profitability
On profitability, British American Tobacco p.l.c. ranks near the top of the group; Mandatum Oyj sits in the weaker half.
Growth
On growth, the edge is clear — both rank well, but Mandatum Oyj sits noticeably higher.
Profitability — Dominant Gap
BATS.L
79
MANTA.HE
30
Gap+49in favour of BATS.L

The clearest distance comes from a stronger profitability profile.

What keeps the gap from being one-sided

Mandatum Oyj still pushes back on growth, with a 35-point revenue-growth advantage that keeps the read from becoming one-way.

What this means for the comparison

Profitability settles the comparison, while pricing and growth keep the broader setup from looking fully aligned.

Explore full peer positioning in AssetNext

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

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Other comparisons with conflicting dimension signals

Explore how BATS.L and MANTA.HE 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.