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Tobacco, Nicotine, and E-Cigarettes Research Report: Introduction

The aerosol from e-cigarettes contains fewer toxic chemicals than cigarette smoke, but it still includes substances like nicotine, heavy metals, and volatile organic compounds

A new take on an old idea Philip Morris International (PM +1.17%) and British American Tobacco (BTI -0.43%) may have just done that, hitting on the future of electronic cigarettes with their competing iQOS and iFuse devices

On a forward-adjusted basis, BTI's price-to-earnings (non-GAAP) ratio of 12.51 times is lower than the industry average of 15.10 times.

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