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East African Breweries's earnings per share without non-recurring items for the
six
months ended in Dec. 2025 was KES23.36.
Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2025 was KES25.09.
During the past 12 months, East African Breweries's average earnings per share (NRI) Growth Rate was 47.30% per year.
During the past 3 years, the average earnings per share (NRI) Growth Rate was -10.40% per year.
During the past 5 years, the average earnings per share (NRI) Growth Rate was 16.30% per year.
During the past 10 years, the average earnings per share (NRI) Growth Rate was 3.20% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.
The historical rank and industry rank for East African Breweries's EPS without NRI or its related term are showing as below:
NAI:EABL'
s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -18.1 Med: 0.9 Max: 30.9
Current: -10.4
During the past 13 years, East African Breweries's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 30.90% per year. The lowest was -18.10% per year. And the median was 0.90% per year.
NAI:EABL's 3-Year EPS without NRI Growth Rate is ranked worse than 75.43% of 175
companies
in the Beverages - Alcoholic industry
Industry Median: 3.5
vs NAI:EABL: -10.40
East African Breweries (NAI:EABL) EPS without NRI Explanation
EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
East African Breweries EPS without NRI Related Terms
East African Breweries EPS without NRI Historical Data
* Premium members only.
The historical data trend for East African Breweries's EPS without NRI 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, East African Breweries's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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.
East African Breweries PE Ratio without NRI vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, East African Breweries's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where East African Breweries's PE Ratio without NRI falls into.
East African Breweries EPS without NRI Calculation
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.
EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was KES25.09
* 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.
East African Breweries (NAI:EABL) has a EPS without NRI of KES25.09 as of Dec. 2025. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on East African Breweries and its competitors. According to the industry distribution chart, East African Breweries ranks #132 out of 175 companies in the Beverages - Alcoholic industry, placing it in the top 75.4%.
Is East African Breweries' EPS without NRI too high?
East African Breweries' current EPS without NRI is KES25.09. Based on the distribution chart, East African Breweries ranks #132 out of 175 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, East African Breweries has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does East African Breweries' EPS without NRI compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, East African Breweries ranks #132 out of 175 companies for EPS without NRI. This places East African Breweries in the lower half of its industry. The industry median EPS without NRI is 3.50. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a Beverages - Alcoholic company?
The median EPS without NRI among Beverages - Alcoholic companies is 3.50, based on 175 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on East African Breweries and its competitors. For the Beverages - Alcoholic industry, the median EPS without NRI is 3.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. East African Breweries's current EPS without NRI is KES25.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is East African Breweries stock overvalued right now?
Based on GuruFocus' analysis, East African Breweries (NAI:EABL) is currently considered Modestly Undervalued. The stock's GF Value™ is KES321.34, compared to a current price of KES286.00 — trading 11% below its estimated fair value. The current EPS without NRI is KES25.09. East African Breweries' overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For East African Breweries (NAI:EABL), the current EPS without NRI is KES25.09 as of Dec. 2025. 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 East African Breweries (NAI:EABL) Overvalued in 2026?
Based on GuruFocus' analysis, East African Breweries stock appears to be undervalued.
The current stock price of KES286.00 is trading 11% below its estimated GF Value™ of KES321.34.
GuruFocus considers East African Breweries to be Modestly Undervalued.
Key valuation signals for NAI:EABL:
EPS without NRI: KES25.09
GF Value™: KES321.34 vs. price of KES286.00 (11% below fair value)
No single metric tells the full story. See the NAI:EABL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
East African Breweries PLC is a branded alcohol beverage company. The firm and its subsidiaries are involved in the marketing, production, and distribution of a collection of brands that range from beer, spirits, and adult non-alcoholic drinks. The company has invested in breweries, distilleries, support industries, and a distribution network across the region. The firm derives its revenue mainly from brewing, marketing, and selling of drinks, malt, and barley. Its geographical segments include Kenya, Uganda, and Tanzania, of which the majority of the revenue is generated from Kenya.
87GF Score
Get the complete analysis for NAI:EABL
EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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