Nestle NigeriaNSA:NESTLE 76 Cyclically Adjusted PB Ratio is 121.22 as of Jul. 07, 2026, which is 398% above its 10-year median of 24.36. GuruFocus rates NSA:NESTLE with a GF Score™ of 76/100 and a GF Value™ of ₦2,165.14 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,442 Consumer Packaged Goods companies, Nestle Nigeria ranks worse than 99.86% on this metric.
The historical rank and industry rank for Nestle Nigeria's Cyclically Adjusted PB Ratio or its related term are showing as below:
NSA:NESTLE'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 16.05 Med: 24.36 Max: 132.46
Current: 121.21
During the past years, Nestle Nigeria's highest Cyclically Adjusted PB Ratio was 132.46. The lowest was 16.05. And the median was 24.36.
NSA:NESTLE's Cyclically Adjusted PB Ratio is ranked worse than 99.86% of 1442
companies
in the Consumer Packaged Goods industry
Industry Median: 1.255
vs NSA:NESTLE: 121.21
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
Nestle Nigeria's adjusted book value per share data for the three months ended in Mar. 2026 was ₦65.147. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₦25.78 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Nestle Nigeria (NSA:NESTLE) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
Nestle Nigeria Cyclically Adjusted PB Ratio Related Terms
Nestle Nigeria Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for Nestle Nigeria's Cyclically Adjusted PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSA:NESTLE vs KHC, GIS, HRL: Cyclically Adjusted PB Ratio Comparison
For the Packaged Foods subindustry, Nestle Nigeria's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nestle Nigeria Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Nestle Nigeria's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Nestle Nigeria's Cyclically Adjusted PB Ratio falls into.
Nestle Nigeria Cyclically Adjusted PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
Nestle Nigeria's Cyclically Adjusted PB Ratio for today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PB Ratio of 121.22 mean?
Nestle Nigeria (NSA:NESTLE) has a Cyclically Adjusted PB Ratio of 121.22 as of Jul. 07, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Nestle Nigeria and its competitors. This is 398% above median its historical median of 24.36. Over the past decade, Nestle Nigeria's Cyclically Adjusted PB Ratio has ranged from 16.05 to 132.46. According to the industry distribution chart, Nestle Nigeria ranks #1440 out of 1442 companies in the Consumer Packaged Goods industry, placing it in the top 99.9%.
Is Nestle Nigeria's Cyclically Adjusted PB Ratio too high?
Nestle Nigeria's current Cyclically Adjusted PB Ratio of 121.22 is 398% above median its 10-year median of 24.36. Over the past 10 years, this metric has ranged from a low of 16.05 to a high of 132.46. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Nestle Nigeria's value of 121.22 is 9559% above this industry median. Based on the distribution chart, Nestle Nigeria ranks #1440 out of 1442 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Nestle Nigeria has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nestle Nigeria's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Nestle Nigeria ranks #1440 out of 1442 companies for Cyclically Adjusted PB Ratio. This places Nestle Nigeria in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Nestle Nigeria's value of 121.22 is 9559% above this benchmark. Historically, Nestle Nigeria's own Cyclically Adjusted PB Ratio has ranged from 16.05 to 132.46 over the past decade. While the company's 10-year median is 24.36 vs. the industry median of 1.26, Nestle Nigeria has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,442 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nestle Nigeria's current Cyclically Adjusted PB Ratio of 121.22 is 9559% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Nestle Nigeria and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nestle Nigeria's current Cyclically Adjusted PB Ratio is 121.22, which is 398% above median its own 10-year median of 24.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nestle Nigeria stock overvalued right now?
Based on GuruFocus' analysis, Nestle Nigeria (NSA:NESTLE) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦2,165.14, compared to a current price of ₦3,125.00 — trading 44.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 121.22, which is 398% above median its 10-year median of 24.36 and 9559% above the Consumer Packaged Goods industry median of 1.26. Nestle Nigeria's overall GF Score™ is 76/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Nestle Nigeria (NSA:NESTLE), the current Cyclically Adjusted PB Ratio is 121.22 as of Jul. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nestle Nigeria (NSA:NESTLE) Overvalued in 2026?
Based on GuruFocus' analysis, Nestle Nigeria stock appears to be overvalued.
The current stock price of ₦3,125.00 is trading 44.3% above its estimated GF Value™ of ₦2,165.14.
GuruFocus considers Nestle Nigeria to be Significantly Overvalued.
Key valuation signals for NSA:NESTLE:
Cyclically Adjusted PB Ratio: 121.22 (398% above median its 10-year median of 24.36)
GF Value™: ₦2,165.14 vs. price of ₦3,125.00 (44.3% above fair value)
Industry Position: 9559% above the Consumer Packaged Goods median (#1440 of 1442)
No single metric tells the full story. See the NSA:NESTLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nestle Nigeria PLC is a food and beverage company. It is involved in the business of manufacturing, marketing, and distribution of food products. The firm has categorized its products into Baby foods, Coffee, Culinary, Dairy, Drinks, and Recipes. It develops and markets its products under brands such as Cerelac, Nescafe, Nido, Maggi, Milo, etc. The company has Food and Beverage reportable segments. The Food segment engaged in the production and sale of Maggi, Cerelac, SMA, Nan, Lactogen, and Golden Morn. The Beverage segment consists of the production and sale of Milo, Chocomilo, Nido, Nescafe, Milo ready-to-drink, and Nestle Pure Life. The Food segment generates the majority of the revenue. Geographically, the majority of the revenue is generated from Nigeria.
76GF Score
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