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, Nigerian Breweries's Enterprise Value is ₦2,170,107 Mil.
Nigerian Breweries's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₦211,071 Mil. Therefore, Nigerian Breweries's EV-to-EBIT ratio for today is 10.28.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Nigerian Breweries's Enterprise Value is ₦2,170,107 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 ratio for today is 7.39.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Nigerian Breweries's Enterprise Value is ₦2,170,107 Mil.
Nigerian Breweries's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was ₦1,496,803 Mil. Therefore, Nigerian Breweries's EV-to-Revenue ratio for today is 1.45.
*** 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.
Nigerian Breweries (NSA:NB) 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.
Nigerian Breweries's current Enterprise Value is ₦2,170,107 Mil.
Nigerian Breweries's 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 ₦211,071 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Nigerian Breweries's current Enterprise Value is ₦2,170,107 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.
Nigerian Breweries's current Enterprise Value is ₦2,170,107 Mil.
Nigerian Breweries's Revenue 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 ₦1,496,803 Mil.
Nigerian Breweries's current Enterprise Value is ₦2,170,107 Mil.
Nigerian Breweries's Cash Flow from Operations 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 ₦383,520 Mil.
Nigerian Breweries's current Enterprise Value is ₦2,170,107 Mil.
Nigerian Breweries's Free Cash Flow 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 ₦257,291 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 Enterprise Value Related Terms
Nigerian Breweries Enterprise Value Historical Data
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The historical data trend for Nigerian Breweries's Enterprise Value 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 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.
Nigerian Breweries Enterprise Value vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Nigerian Breweries's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Nigerian Breweries's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Nigerian Breweries'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 ₦2,170,107 Mil mean?
Nigerian Breweries (NSA:NB) has a Enterprise Value of ₦2,170,107 Mil as of Jun. 28, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Nigerian Breweries and its competitors.
Is Nigerian Breweries' Enterprise Value too high?
Nigerian Breweries' current Enterprise Value is ₦2,170,107 Mil. 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' Enterprise Value compare to STZ and TAP?
Nigerian Breweries' Enterprise Value of ₦2,170,107 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 Enterprise Value for a Beverages - Alcoholic company?
A good Enterprise Value depends on the Beverages - Alcoholic 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 Nigerian Breweries and its competitors. Nigerian Breweries's current Enterprise Value is ₦2,170,107 Mil. 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 ₦30.66, compared to a current price of ₦72.50 — trading 136.5% above its estimated fair value. The current Enterprise Value is ₦2,170,107 Mil. Nigerian Breweries' overall GF Score™ is 64/100 with 2 warning signs 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 Nigerian Breweries (NSA:NB), the current Enterprise Value is ₦2,170,107 Mil as of Jun. 28, 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 ₦72.50 is trading 136.5% above its estimated GF Value™ of ₦30.66.
GuruFocus considers Nigerian Breweries to be Significantly Overvalued.
Key valuation signals for NSA:NB:
Enterprise Value: ₦2,170,107 Mil
GF Value™: ₦30.66 vs. price of ₦72.50 (136.5% above fair value)
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
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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