Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Unilever NigeriaNSA:LEVBROS 83 EV-to-OCF is 12.46 as of Aug. 15, 2026, which is 313% above its 10-year median of 3.02. GuruFocus rates NSA:LEVBROS with a GF Score™ of 83/100 and a GF Value™ of ₦53.14 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,983 Consumer Packaged Goods companies, Unilever Nigeria ranks worse than 72.97% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Unilever Nigeria's Enterprise Value is ₦571,772 Mil.
Unilever Nigeria's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was ₦45,898 Mil. Therefore, Unilever Nigeria's EV-to-OCF for today is 12.46.
The historical rank and industry rank for Unilever Nigeria's EV-to-OCF or its related term are showing as below:
NSA:LEVBROS'
s EV-to-OCF Range Over the Past 10 Years
Min: -200.48 Med: 3.02 Max: 454.44
Current: 15.92
During the past 13 years, the highest EV-to-OCF of Unilever Nigeria was 454.44. The lowest was -200.48. And the median was 3.02.
NSA:LEVBROS's EV-to-OCF is ranked worse than 72.97% of 1983
companies
in the Consumer Packaged Goods industry
Industry Median: 8.28
vs NSA:LEVBROS: 15.92
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
Unilever Nigeria's PE Ratio (TTM) for today is calculated as:
Unilever Nigeria's share price for today is ₦118.30.
Unilever Nigeria's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦5.597.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Unilever Nigeria EV-to-OCF Related Terms
Unilever Nigeria EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Unilever Nigeria's EV-to-OCF 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 Household & Personal Products subindustry, Unilever Nigeria's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
Unilever Nigeria EV-to-OCF vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Unilever Nigeria's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Unilever Nigeria's EV-to-OCF falls into.
Unilever Nigeria's current Enterprise Value is ₦571,772 Mil.
Unilever Nigeria's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦45,898 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.
Unilever Nigeria (NSA:LEVBROS) has a EV-to-OCF of 12.46 as of Aug. 15, 2026. This is 313% above median its historical median of 3.02. According to the industry distribution chart, Unilever Nigeria ranks #1447 out of 1983 companies in the Consumer Packaged Goods industry, placing it in the top 73%.
Is Unilever Nigeria's EV-to-OCF too high?
Unilever Nigeria's current EV-to-OCF of 12.46 is 313% above median its 10-year median of 3.02. The Consumer Packaged Goods industry median EV-to-OCF is 8.28. Unilever Nigeria's value of 12.46 is 50.5% above this industry median. Based on the distribution chart, Unilever Nigeria ranks #1447 out of 1983 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Unilever Nigeria has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Unilever Nigeria's EV-to-OCF compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Unilever Nigeria ranks #1447 out of 1983 companies for EV-to-OCF. This places Unilever Nigeria in the lower half of its industry. The industry median EV-to-OCF is 8.28. Unilever Nigeria's value of 12.46 is 50.5% above this benchmark. While the company's 10-year median is 3.02 vs. the industry median of 8.28, Unilever 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 EV-to-OCF for a Consumer Packaged Goods company?
The median EV-to-OCF among Consumer Packaged Goods companies is 8.28, based on 1,983 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Unilever Nigeria's current EV-to-OCF of 12.46 is 50.5% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Consumer Packaged Goods industry, the median EV-to-OCF is 8.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Unilever Nigeria's current EV-to-OCF is 12.46, which is 313% above median its own 10-year median of 3.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unilever Nigeria stock overvalued right now?
Based on GuruFocus' analysis, Unilever Nigeria (NSA:LEVBROS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦53.14, compared to a current price of ₦118.30 — trading 122.6% above its estimated fair value. The current EV-to-OCF is 12.46, which is 313% above median its 10-year median of 3.02 and 50.5% above the Consumer Packaged Goods industry median of 8.28. Unilever Nigeria's overall GF Score™ is 83/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Unilever Nigeria (NSA:LEVBROS), the current EV-to-OCF is 12.46 as of Aug. 15, 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 Unilever Nigeria (NSA:LEVBROS) Overvalued in 2026?
Based on GuruFocus' analysis, Unilever Nigeria stock appears to be overvalued.
The current stock price of ₦118.30 is trading 122.6% above its estimated GF Value™ of ₦53.14.
GuruFocus considers Unilever Nigeria to be Significantly Overvalued.
Key valuation signals for NSA:LEVBROS:
EV-to-OCF: 12.46 (313% above median its 10-year median of 3.02)
GF Value™: ₦53.14 vs. price of ₦118.30 (122.6% above fair value)
Industry Position: 50.5% above the Consumer Packaged Goods median (#1447 of 1983)
No single metric tells the full story. See the NSA:LEVBROS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Unilever Nigeria PLC is principally involved in the manufacture and marketing of Nutrition, Beauty & Wellbeing, and Personal Care products. It has manufacturing sites in Oregun, Lagos State, and Agbara, Ogun State. The company's operating segments are: Foods, Personal Care, and Beauty & Wellbeing. Maximum revenue is generated from the Foods segment, which includes the sale of savoury products. The Personal Care segment includes the sale of oral care and deodorant products, and the Beauty & Wellbeing segment includes sales of skin care products. Geographically, the company generates maximum revenue from its business in Nigeria, and to a lesser extent, also exports its products to other countries.
83GF Score
Get the complete analysis for NSA:LEVBROS
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSA:LEVBROS has been successfully added to your 
