Nigerian BreweriesNSA:NB -1.09%64 Days Payable is 102.57 as of Mar. 2026, which is 42% above its 10-year median of 72.38. GuruFocus rates NSA:NB with a GF Score™ of 64/100 and a GF Value™ of ₦30.66 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 202 Beverages - Alcoholic companies, Nigerian Breweries ranks better than 62.38% on this metric.
The historical rank and industry rank for Nigerian Breweries's Days Payable or its related term are showing as below:
NSA:NB'
s Days Payable Range Over the Past 10 Years
Min: 47.23 Med: 72.38 Max: 126.49
Current: 126.49
During the past 13 years, Nigerian Breweries's highest Days Payable was 126.49. The lowest was 47.23. And the median was 72.38.
NSA:NB's Days Payable is ranked better than 62.38% of 202
companies
in the Beverages - Alcoholic industry
Industry Median: 80.855
vs NSA:NB: 126.49
Nigerian Breweries's Days Payable
increased
from Mar. 2025 (102.13) to Mar. 2026 (102.57).
It may suggest that Nigerian Breweriesdelayed paying its suppliers.
Nigerian Breweries Days Payable Related Terms
Nigerian Breweries Days Payable Historical Data
* Premium members only.
The historical data trend for Nigerian Breweries's Days Payable 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.
For the Beverages - Brewers subindustry, Nigerian Breweries's Days Payable, along with its competitors' market caps and Days Payable 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.
Nigerian Breweries Days Payable vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Nigerian Breweries's Days Payable distribution charts can be found below:
* The bar in red indicates where Nigerian Breweries's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Nigerian Breweries's Days Payable for the fiscal year that ended in Dec. 2025 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.
Nigerian Breweries (NSA:NB) has a Days Payable of 102.57 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Nigerian Breweries and its competitors. This is 42% above median its historical median of 72.38. Over the past decade, Nigerian Breweries' Days Payable has ranged from 47.23 to 126.49. According to the industry distribution chart, Nigerian Breweries ranks #76 out of 202 companies in the Beverages - Alcoholic industry, placing it in the top 37.6%.
Is Nigerian Breweries' Days Payable too high?
Nigerian Breweries' current Days Payable of 102.57 is 42% above median its 10-year median of 72.38. Over the past 10 years, this metric has ranged from a low of 47.23 to a high of 126.49. The Beverages - Alcoholic industry median Days Payable is 80.86. Nigerian Breweries' value of 102.57 is 26.9% above this industry median. Based on the distribution chart, Nigerian Breweries ranks #76 out of 202 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Nigerian Breweries has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nigerian Breweries' Days Payable compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Nigerian Breweries ranks #76 out of 202 companies for Days Payable. This puts Nigerian Breweries in the upper half of its industry. The industry median Days Payable is 80.86. Nigerian Breweries' value of 102.57 is 26.9% above this benchmark. Historically, Nigerian Breweries' own Days Payable has ranged from 47.23 to 126.49 over the past decade. While the company's 10-year median is 72.38 vs. the industry median of 80.86, Nigerian Breweries 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 Days Payable for a Beverages - Alcoholic company?
The median Days Payable among Beverages - Alcoholic companies is 80.86, based on 202 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nigerian Breweries's current Days Payable of 102.57 is 26.9% 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 Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Nigerian Breweries and its competitors. For the Beverages - Alcoholic industry, the median Days Payable is 80.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nigerian Breweries's current Days Payable is 102.57, which is 42% above median its own 10-year median of 72.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nigerian Breweries stock overvalued right now?
Based on GuruFocus' analysis, Nigerian Breweries (NSA:NB) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦30.66, compared to a current price of ₦72.50 — trading 136.5% above its estimated fair value. The current Days Payable is 102.57, which is 42% above median its 10-year median of 72.38 and 26.9% above the Beverages - Alcoholic industry median of 80.86. Nigerian Breweries' overall GF Score™ is 64/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Nigerian Breweries (NSA:NB), the current Days Payable is 102.57 as of Mar. 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 Nigerian Breweries (NSA:NB) Overvalued in 2026?
Based on GuruFocus' analysis, Nigerian Breweries stock appears to be overvalued.
The current stock price of ₦72.50 is trading 136.5% above its estimated GF Value™ of ₦30.66.
GuruFocus considers Nigerian Breweries to be Significantly Overvalued.
Key valuation signals for NSA:NB:
Days Payable: 102.57 (42% above median its 10-year median of 72.38)
GF Value™: ₦30.66 vs. price of ₦72.50 (136.5% above fair value)
Industry Position: 26.9% above the Beverages - Alcoholic median (#76 of 202)
No single metric tells the full story. See the NSA:NB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nigerian Breweries PLC is a Brewing firm. The company's principal activities are brewing, marketing, and selling lager, stout, non-alcoholic malt, and soft drinks. Geographically, it derives a majority of its revenue from Nigeria and also has a presence in the United Kingdom, the Netherlands, the United States of America, Canada, some parts of Africa, and parts of the Middle East and Asia. The company's brands include Star, Goldberg, Turbo King, Ace Bitters, Gulder, Maltina, Legend Extra Stout, Amstel Malta, Heineken, Maltina Sip-it, Fayrouz, Goldberg, Malta Gold, and others.
64GF Score
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