Mutual Benefits Assurance (NSA:MBAS) EV-to-OCF: (As of Aug. 09, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

NSA:MBAS Mutual Benefits Assurance PLC NSA:MBAS
61 GF Score
Price ₦3.29
GF Value ₦2.30
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Mutual Benefits Assurance EV-to-OCF?

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Mutual Benefits Assurance's Enterprise Value is ₦17,240.97 Mil. Mutual Benefits Assurance's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was ₦0.00 Mil. Therefore, Mutual Benefits Assurance's EV-to-OCF for today is .

The historical rank and industry rank for Mutual Benefits Assurance's EV-to-OCF or its related term are showing as below:

NSA:MBAS' s EV-to-OCF Range Over the Past 10 Years
Min: -102   Med: 6.34   Max: 281.95
Current: -102

During the past 11 years, the highest EV-to-OCF of Mutual Benefits Assurance was 281.95. The lowest was -102.00. And the median was 6.34.

NSA:MBAS's EV-to-OCF is ranked better than
97.82% of 504 companies
in the Insurance industry
Industry Median: 6.85 vs NSA:MBAS: -102.00

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.

As of today (2026-08-09), Mutual Benefits Assurance's stock price is ₦3.29. Mutual Benefits Assurance's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was ₦-0.293. Therefore, Mutual Benefits Assurance's PE Ratio (TTM) for today is At Loss.


Mutual Benefits Assurance  (NSA:MBAS) EV-to-OCF Explanation

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.

Mutual Benefits Assurance's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=3.29/-0.293
=At Loss

Mutual Benefits Assurance's share price for today is ₦3.29.
Mutual Benefits Assurance'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 ₦-0.293.

* 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.


Mutual Benefits Assurance EV-to-OCF Related Terms


Mutual Benefits Assurance EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Mutual Benefits Assurance'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.

Mutual Benefits Assurance EV-to-OCF Chart

Mutual Benefits Assurance Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.95 -9.93 -2.66 -3.14 -24.31

Mutual Benefits Assurance Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Sep24 Dec24 Jun25 Sep25 Dec25
EV-to-OCF 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 0.00 -3.14 0.00 0.00 -24.31

NSA:MBAS vs BRK.A, AIG, HIG: EV-to-OCF Comparison

For the Insurance - Diversified subindustry, Mutual Benefits Assurance'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.


Mutual Benefits Assurance EV-to-OCF vs Insurance Industry

For the Insurance industry and Financial Services sector, Mutual Benefits Assurance's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Mutual Benefits Assurance's EV-to-OCF falls into.


NSA:MBAS
61GF Score
Mutual Benefits Assurance PLC NSA:MBAS
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mutual Benefits Assurance EV-to-OCF Calculation

Mutual Benefits Assurance's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=17240.974/0
=

Mutual Benefits Assurance's current Enterprise Value is ₦17,240.97 Mil.
Mutual Benefits Assurance'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 ₦0.00 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.

Is Mutual Benefits Assurance (NSA:MBAS) Overvalued in 2026?

Based on GuruFocus' analysis, Mutual Benefits Assurance stock appears to be overvalued. The current stock price of ₦3.29 is trading 43% above its estimated GF Value™ of ₦2.30. GuruFocus considers Mutual Benefits Assurance to be Significantly Overvalued.

Key valuation signals for NSA:MBAS:

  • EV-to-OCF:
  • GF Value™: ₦2.30 vs. price of ₦3.29 (43% above fair value)
  • GF Score™: 61/100 with 1 warning sign

No single metric tells the full story. See the NSA:MBAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mutual Benefits Assurance Business Description

Address 233 Ikorodu Road, Aret Adams House, Ilupeju, Lagos, NGA
Mutual Benefits Assurance PLC is a financial and wealth protection company in Nigeria. The principal objective of the Company is to render qualitative life related insurance & risks management services. It is a premium provider of life insurance, annuity and investment products and services. It has four reportable operating segments; assurance business, real estate, microfinance bank, and oil and gas exploration and production. The majority of revenue comes from Assurance business which covers the protection of customers' assets (Particularly their properties, both for personal and commercial business) and indemnification of other parties that have suffered damage as a result of customers accident. It has presence in Nigeria, and Liberia.
61GF Score

Get the complete analysis for NSA:MBAS

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

₦3.29
Price
₦2.30
GF Value