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Nigerian BreweriesNSA:NB +0.65%64 EV-to-EBITDA is 7.97 as of Jul. 27, 2026, which is 6% above its 10-year median of 7.53. GuruFocus rates NSA:NB with a GF Score™ of 64/100 and a GF Value™ of ₦31.26 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 169 Beverages - Alcoholic companies, Nigerian Breweries ranks better than 69.82% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Nigerian Breweries's enterprise value is ₦2,340,513 Mil.
Nigerian Breweries's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ₦293,557 Mil. Therefore, Nigerian Breweries's EV-to-EBITDA for today is 7.97.
The historical rank and industry rank for Nigerian Breweries's EV-to-EBITDA or its related term are showing as below:
NSA:NB'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -57.02 Med: 7.53 Max: 18.4
Current: 7.97
During the past 13 years, the highest EV-to-EBITDA of Nigerian Breweries was 18.40. The lowest was -57.02. And the median was 7.53.
NSA:NB's EV-to-EBITDA is ranked better than 69.82% of 169
companies
in the Beverages - Alcoholic industry
Industry Median: 11.03
vs NSA:NB: 7.97
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Nigerian Breweries's PE Ratio (TTM) for today is calculated as:
Nigerian Breweries's share price for today is ₦78.00.
Nigerian Breweries's Earnings per Share (Diluted) 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 ₦3.570.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Nigerian Breweries's EV-to-EBITDA 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 EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Nigerian Breweries's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Nigerian Breweries's EV-to-EBITDA falls into.
Nigerian Breweries's current Enterprise Value is ₦2,340,513 Mil.
Nigerian Breweries's EBITDA 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 ₦293,557 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.
Nigerian Breweries (NSA:NB) has a EV-to-EBITDA of 7.97 as of Jul. 27, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Nigerian Breweries. This is near median its historical median of 7.53. According to the industry distribution chart, Nigerian Breweries ranks #51 out of 169 companies in the Beverages - Alcoholic industry, placing it in the top 30.2%.
Is Nigerian Breweries' EV-to-EBITDA too high?
Nigerian Breweries' current EV-to-EBITDA of 7.97 is near median its 10-year median of 7.53. The Beverages - Alcoholic industry median EV-to-EBITDA is 11.03. Nigerian Breweries' value of 7.97 is 27.7% below this industry median. Based on the distribution chart, Nigerian Breweries ranks #51 out of 169 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' EV-to-EBITDA compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Nigerian Breweries ranks #51 out of 169 companies for EV-to-EBITDA. This puts Nigerian Breweries in the upper half of its industry. The industry median EV-to-EBITDA is 11.03. Nigerian Breweries' value of 7.97 is 27.7% below this benchmark. While the company's 10-year median is 7.53 vs. the industry median of 11.03, Nigerian Breweries has consistently been below 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 EV-to-EBITDA for a Beverages - Alcoholic company?
The median EV-to-EBITDA among Beverages - Alcoholic companies is 11.03, based on 169 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nigerian Breweries's current EV-to-EBITDA of 7.97 is 27.7% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Nigerian Breweries. For the Beverages - Alcoholic industry, the median EV-to-EBITDA is 11.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nigerian Breweries's current EV-to-EBITDA is 7.97, which is near median its own 10-year median of 7.53. 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 ₦31.26, compared to a current price of ₦78.00 — trading 149.5% above its estimated fair value. The current EV-to-EBITDA is 7.97, which is near median its 10-year median of 7.53 and 27.7% below the Beverages - Alcoholic industry median of 11.03. Nigerian Breweries' overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Nigerian Breweries (NSA:NB), the current EV-to-EBITDA is 7.97 as of Jul. 27, 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 ₦78.00 is trading 149.5% above its estimated GF Value™ of ₦31.26.
GuruFocus considers Nigerian Breweries to be Significantly Overvalued.
Key valuation signals for NSA:NB:
EV-to-EBITDA: 7.97 (near median its 10-year median of 7.53)
GF Value™: ₦31.26 vs. price of ₦78.00 (149.5% above fair value)
Industry Position: 27.7% below the Beverages - Alcoholic median (#51 of 169)
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
Get the complete analysis for NSA:NB
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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