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Mitchells & Butlers plc (MAB.L)

Consumer Cyclical Balanced

Poring pints and serving Sunday roasts across Britain at well-known local pubs like All Bar One and Harvester.

£2.76

Is Mitchells & Butlers plc a good stock for a UK beginner?

The honest version: Poring pints and serving Sunday roasts across Britain at well-known local pubs like All Bar One and Harvester.

No rating · no target price · nothing for sale here
Price-11.3%
52-week range-7% past year
£2.76
Low £2.23High £3.02
Where today's price sits versus its past year - context, not a signal.
If you had put £1,000 into Mitchells & Butlers plc
£887-11%

Over about 2 years to 2026-07-31. This is the share price only; any dividends would add to it. Past performance is not a guide to the future, and it could just as easily have fallen.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
£1.64B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
638.65K
Day range: The lowest and highest price the shares traded at during the latest day.
£2.76 – £2.85
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
£2.23 – £3.02
P/E ratio: Price-to-earnings: the share price divided by yearly profit per share. Lower can mean cheaper; higher often means investors expect fast growth.
8.9
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
0.0%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
1.28
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 1.28
Calm
Wild
Roughly in step with the market

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▼ -2% past week · ▼ -7% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

successful pub revamps and debt reduction transform the business value

The bear case

shifting consumer habits away from traditional pub dining permanently hurt demand

What does Mitchells & Butlers plc do?

Ever popped into a Toby Carvery for a mountain of roast beef or met friends for cocktails at an All Bar One? That is the world of Mitchells & Butlers, a giant hospitality group running hundreds of pubs, bars, and restaurants across the UK. The takings flow from keeping tables full of diners and quenching people's thirst, so they hinge entirely on whether folks feel flush enough to eat out. The crucial thing to watch here is how they manage rising costs of food and staff wages while keeping their pub doors inviting.

VQGMI
Factor profile

On our factor screen it looks strongest on value and momentum, and weakest on income.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 85Quality: How profitable and financially healthy the company is (higher = stronger). 39Growth: How fast revenue and earnings are growing (higher = faster). 41Momentum: How the share price has been trending recently (higher = stronger recent run). 54Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 10
Quick checks
What's strong
  • Value screens high (85/100)
  • Owns a huge, recognisable portfolio of household-name pub and restaurant brands
  • Trades at a relatively low multiple of its earnings and assets
  • Steady baseline demand for social eating and drinking in the UK
What to watch
  • Income screens low (10/100)
  • Continually rising staff and food supply costs
  • High street footfall fluctuations driven by cost-of-living pressures
  • Managing large property estates requires constant maintenance spending

What do Mitchells & Butlers plc's numbers mean?

P/E
8.9
This shows how many pounds investors are paying for every pound of current yearly earnings, suggesting the market views it as a slower-growing business.
Forward P/E
8.3
Based on analysts' forecasts for future profits, this looks slightly cheaper, hinting at expected earnings improvements ahead.
Gross margin
17.1%
This tells us that out of every pound taken at the till, around 17p is left over after paying directly for food and drink supplies.
Dividend yield
0.0%
The company currently pays no cash dividends to shareholders, choosing to keep or reinvest its cash elsewhere.

Does Mitchells & Butlers plc pay a dividend?

No - Mitchells & Butlers plc doesn't currently pay a dividend, so the whole return would rest on the share price. Plenty of growing companies reinvest their profits instead of paying them out - neither approach is better or worse, they're just different.

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What are the scenarios for Mitchells & Butlers plc?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

£3£3£2today · £3▲ Bull · £3• Base · £3▼ Bear · £2in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+5% to +15%strong festive drinking and dining season lifts short-term sales
Base
-2% to +5%steady visitor numbers matching general high street trends
Bear
-15% to -5%unusually cold weather or rail strikes keep punters away from pubs

What are the pros and cons of Mitchells & Butlers plc?

3bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case3
  • Owns a huge, recognisable portfolio of household-name pub and restaurant brands
  • Trades at a relatively low multiple of its earnings and assets
  • Steady baseline demand for social eating and drinking in the UK
The catch3
  • Pays zero dividends right now, so no cash returns for income seekers
  • Slim profit margins leave little room for error
  • Exposed to economic downturns when people cut back on dining out
Key risks3
  • Continually rising staff and food supply costs
  • High street footfall fluctuations driven by cost-of-living pressures
  • Managing large property estates requires constant maintenance spending
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: medium · data: GBP · flags: none · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-01 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Figures as of 2026-08-01. Prices may be delayed and numbers can go stale - always double-check before acting.