International Breweries (NSA:IBP) EBIT: ₦99,347 Mil (TTM As of Mar. 2026)


NSA:IBP International Breweries PLC NSA:IBP
44 GF Score
Price ₦10.45
GF Value ₦2.30
Valuation Significantly Overvalued
! 2 Warning Signs
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What is International Breweries EBIT?

International Breweries NSA:IBP -8.33% 44 EBIT is ₦99,347 Mil as of Mar. 2026. GuruFocus rates NSA:IBP with a GF Score™ of 44/100 and a GF Value™ of ₦2.30 (Significantly Overvalued). The stock has 2 warning signs investors should review.

International Breweries's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₦39,657 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₦99,347 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. International Breweries's annualized ROC % for the quarter that ended in Mar. 2026 was 17.65%. International Breweries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 40.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. International Breweries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.02%.


International Breweries  (NSA:IBP) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

International Breweries's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=158627.172 * ( 1 - 51.34% )/( (0 + 437449.299)/ 1 )
=77187.9818952/437449.299
=17.65 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=784863.621 - 210347.32 - ( 161487.955 - max(0, 229100.162 - 366167.164+161487.955))
=437449.299

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

International Breweries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=158627.172/( ( (0 + max(0, 0)) + (392525.306 + max(-5668.111, 0)) )/ 1 )
=158627.172/( ( 0 + 392525.306 )/ 1 )
=158627.172/392525.306
=40.41 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(108642.346 + 95830.596 + 206.26699999999) - (210347.32 + 0 + 0)
=-5668.111

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

International Breweries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=99346.753/1649933.065
=6.02 %

* 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 EBIT Related Terms


International Breweries EBIT Historical Data

* Premium members only.

The historical data trend for International Breweries's EBIT 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 EBIT Chart

International Breweries Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only -15,036.55 -16,166.79 -67,542.85 -77,066.33 91,828.56

International Breweries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32,138.60 30,169.24 18,035.42 11,485.30 39,656.79

NSA:IBP vs STZ, TAP: EBIT Comparison

For the Beverages - Brewers subindustry, International Breweries's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, International Breweries's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where International Breweries's EV-to-EBIT falls into.


NSA:IBP
44GF Score
International Breweries PLC NSA:IBP
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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International Breweries EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

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.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₦99,347 Mil mean?
International Breweries (NSA:IBP) has a EBIT of ₦99,347 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on International Breweries.
Is International Breweries' EBIT too high?
International Breweries' current EBIT is ₦99,347 Mil. Overall, International Breweries has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does International Breweries' EBIT compare to STZ and TAP?
International Breweries' EBIT of ₦99,347 Mil can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Beverages - Alcoholic company?
A good EBIT depends on the Beverages - Alcoholic industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on International Breweries. International Breweries's current EBIT is ₦99,347 Mil. 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 ₦2.30, compared to a current price of ₦10.45 — trading 354.3% above its estimated fair value. The current EBIT is ₦99,347 Mil. International Breweries' overall GF Score™ is 44/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For International Breweries (NSA:IBP), the current EBIT is ₦99,347 Mil 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 ₦10.45 is trading 354.3% above its estimated GF Value™ of ₦2.30. GuruFocus considers International Breweries to be Significantly Overvalued.

Key valuation signals for NSA:IBP:

  • EBIT: ₦99,347 Mil
  • GF Value™: ₦2.30 vs. price of ₦10.45 (354.3% above fair value)
  • GF Score™: 44/100 with 2 warning signs

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 Business Description

Address Abuja Street, Plot 5A, Desiderata Building, Banana Island, Ikoyi, Lagos, NGA
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.
44GF Score

Get the complete analysis for NSA:IBP

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦10.45
Price
₦2.30
GF Value