Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Mutual Benefits Assurance's Enterprise Value is ₦24,462.98 Mil.
Mutual Benefits Assurance's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was ₦-5,633.51 Mil. Therefore, Mutual Benefits Assurance's EV-to-EBIT ratio for today is -4.34.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Mutual Benefits Assurance (NSA:MBAS) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Mutual Benefits Assurance's EV-to-EBIT for today is
Mutual Benefits Assurance's current Enterprise Value is ₦24,462.98 Mil.
Mutual Benefits Assurance's EBIT 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 ₦-5,633.51 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Mutual Benefits Assurance's EV-to-EBITDA for today is:
Mutual Benefits Assurance's current Enterprise Value is ₦24,462.98 Mil.
Mutual Benefits Assurance's EBITDA 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 ₦-5,633.51 Mil.
Mutual Benefits Assurance's current Enterprise Value is ₦24,462.98 Mil.
Mutual Benefits Assurance's Revenue 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 ₦-7,658.40 Mil.
Mutual Benefits Assurance's current Enterprise Value is ₦24,462.98 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.
Mutual Benefits Assurance's current Enterprise Value is ₦24,462.98 Mil.
Mutual Benefits Assurance's Free Cash Flow 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.
Mutual Benefits Assurance Enterprise Value Related Terms
Mutual Benefits Assurance Enterprise Value Historical Data
* 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.
NSA:MBAS vs BRK.A, AIG, HIG: Enterprise Value Comparison
For the Insurance - Diversified subindustry, Mutual Benefits Assurance's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Insurance Industry
For the Insurance industry and Financial Services sector, Mutual Benefits Assurance's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Mutual Benefits Assurance's Enterprise Value falls into.
Mutual Benefits Assurance Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Mutual Benefits Assurance's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
What does a Enterprise Value of ₦24,462.98 Mil mean?
Mutual Benefits Assurance (NSA:MBAS) has a Enterprise Value of ₦24,462.98 Mil as of Jun. 24, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Mutual Benefits Assurance and its competitors.
Is Mutual Benefits Assurance's Enterprise Value too high?
Mutual Benefits Assurance's current Enterprise Value is ₦24,462.98 Mil. Overall, Mutual Benefits Assurance has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mutual Benefits Assurance's Enterprise Value compare to BRK.A and AIG?
Mutual Benefits Assurance's Enterprise Value of ₦24,462.98 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Insurance company?
A good Enterprise Value depends on the Insurance industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Mutual Benefits Assurance and its competitors. Mutual Benefits Assurance's current Enterprise Value is ₦24,462.98 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mutual Benefits Assurance stock overvalued right now?
Based on GuruFocus' analysis, Mutual Benefits Assurance (NSA:MBAS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦2.25, compared to a current price of ₦3.65 — trading 62.2% above its estimated fair value. The current Enterprise Value is ₦24,462.98 Mil. Mutual Benefits Assurance's overall GF Score™ is 59/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Mutual Benefits Assurance (NSA:MBAS), the current Enterprise Value is ₦24,462.98 Mil as of Jun. 24, 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 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 ₦3.65 is trading 62.2% above its estimated GF Value™ of ₦2.25.
GuruFocus considers Mutual Benefits Assurance to be Significantly Overvalued.
Key valuation signals for NSA:MBAS:
Enterprise Value: ₦24,462.98 Mil
GF Value™: ₦2.25 vs. price of ₦3.65 (62.2% above fair value)
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 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.
59GF Score
Get the complete analysis for NSA:MBAS
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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