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International BreweriesNSA:IBP 47 Earnings Yield (Joel Greenblatt) % is 4.42% as of Mar. 2026. GuruFocus rates NSA:IBP with a GF Score™ of 47/100 and a GF Value™ of ₦2.35 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 212 Beverages - Alcoholic companies, International Breweries ranks worse than 53.3% on this metric.
International Breweries's Enterprise Value for the quarter that ended in Mar. 2026 was ₦2,247,368 Mil.
International Breweries's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₦99,347 Mil. International Breweries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 4.42%.
The historical rank and industry rank for International Breweries's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NSA:IBP'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5647.38 Med: -8.39 Max: 6.88
Current: 4.52
During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of International Breweries was 6.88%. The lowest was -5647.38%. And the median was -8.39%.
NSA:IBP's Earnings Yield (Joel Greenblatt) % is ranked worse than 53.3% of 212
companies
in the Beverages - Alcoholic industry
Industry Median: 5.34
vs NSA:IBP: 4.52
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. International Breweries's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
International Breweries (NSA:IBP) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
International Breweries Earnings Yield (Joel Greenblatt) % Related Terms
International Breweries Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for International Breweries's Earnings Yield (Joel Greenblatt) % 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.
International Breweries Earnings Yield (Joel Greenblatt) % Chart
For the Beverages - Brewers subindustry, International Breweries's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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.
International Breweries Earnings Yield (Joel Greenblatt) % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, International Breweries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where International Breweries's Earnings Yield (Joel Greenblatt) % falls into.
International Breweries Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
International Breweriess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
International Breweries's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦99,347 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 4.42% mean?
International Breweries (NSA:IBP) has a Earnings Yield (Joel Greenblatt) % of 4.42% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on International Breweries and its competitors. According to the industry distribution chart, International Breweries ranks #113 out of 212 companies in the Beverages - Alcoholic industry, placing it in the top 53.3%.
Is International Breweries' Earnings Yield (Joel Greenblatt) % too high?
International Breweries' current Earnings Yield (Joel Greenblatt) % is 4.42%. The Beverages - Alcoholic industry median Earnings Yield (Joel Greenblatt) % is 5.34. International Breweries' value of 4.42% is 17.2% below this industry median. Based on the distribution chart, International Breweries ranks #113 out of 212 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, International Breweries has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does International Breweries' Earnings Yield (Joel Greenblatt) % compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, International Breweries ranks #113 out of 212 companies for Earnings Yield (Joel Greenblatt) %. This places International Breweries in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.34. International Breweries' value of 4.42% is 17.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Beverages - Alcoholic company?
The median Earnings Yield (Joel Greenblatt) % among Beverages - Alcoholic companies is 5.34, based on 212 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. International Breweries's current Earnings Yield (Joel Greenblatt) % of 4.42% is 17.2% below 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on International Breweries and its competitors. For the Beverages - Alcoholic industry, the median Earnings Yield (Joel Greenblatt) % is 5.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Breweries's current Earnings Yield (Joel Greenblatt) % is 4.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Breweries stock overvalued right now?
Based on GuruFocus' analysis, International Breweries (NSA:IBP) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦2.35, compared to a current price of ₦13.70 — trading 483% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 4.42% and 17.2% below the Beverages - Alcoholic industry median of 5.34. International Breweries' overall GF Score™ is 47/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For International Breweries (NSA:IBP), the current Earnings Yield (Joel Greenblatt) % is 4.42% 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 International Breweries (NSA:IBP) Overvalued in 2026?
Based on GuruFocus' analysis, International Breweries stock appears to be overvalued.
The current stock price of ₦13.70 is trading 483% above its estimated GF Value™ of ₦2.35.
GuruFocus considers International Breweries to be Significantly Overvalued.
Key valuation signals for NSA:IBP:
Earnings Yield (Joel Greenblatt) %: 4.42%
GF Value™: ₦2.35 vs. price of ₦13.70 (483% above fair value)
Industry Position: 17.2% below the Beverages - Alcoholic median (#113 of 212)
No single metric tells the full story. See the NSA:IBP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
International Breweries PLC engages in brewing, packaging, and marketing beer, alcoholic flavored/non-alcoholic beverages, and soft drinks in Nigeria. The company offers its products under the Trophy Lager, Trophy Black, Castle Milk Stout, Castle Lager, Redds, Hero, Grand Malt, Betamalt malt drink, and Voltic Water brands.
47GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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