Mutual Benefits Assurance (NSA:MBAS) EPS without NRI: ₦-0.29 (TTM As of Dec. 2025)


NSA:MBAS Mutual Benefits Assurance PLC NSA:MBAS
61 GF Score
Price ₦3.39
GF Value ₦2.25
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Mutual Benefits Assurance EPS without NRI?

Mutual Benefits Assurance NSA:MBAS -0.29% 61 EPS without NRI is ₦-0.29 as of Dec. 2025. GuruFocus rates NSA:MBAS with a GF Score™ of 61/100 and a GF Value™ of ₦2.25 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 403 Insurance companies, Mutual Benefits Assurance ranks better than 87.1% on this metric.

Mutual Benefits Assurance's earnings per share without non-recurring items for the three months ended in Dec. 2025 was ₦-0.42. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2025 was ₦-0.29.

During the past 12 months, Mutual Benefits Assurance's average earnings per share (NRI) Growth Rate was 3.10% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was 63.10% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was 0.00% 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 Mutual Benefits Assurance's EPS without NRI or its related term are showing as below:

NSA:MBAS' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -27.2   Med: 22.6   Max: 63.1
Current: 63.1

During the past 11 years, Mutual Benefits Assurance's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 63.10% per year. The lowest was -27.20% per year. And the median was 22.60% per year.

NSA:MBAS's 3-Year EPS without NRI Growth Rate is ranked better than
87.1% of 403 companies
in the Insurance industry
Industry Median: 16.3 vs NSA:MBAS: 63.10

Mutual Benefits Assurance's EPS (Diluted) for the three months ended in Dec. 2025 was ₦-0.42. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was ₦-0.29.

Mutual Benefits Assurance's EPS (Basic) for the three months ended in Dec. 2025 was ₦-0.42. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was ₦-0.29.


Mutual Benefits Assurance  (NSA:MBAS) 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.


Mutual Benefits Assurance EPS without NRI Related Terms


Mutual Benefits Assurance EPS without NRI Historical Data

* Premium members only.

The historical data trend for Mutual Benefits Assurance'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.

Mutual Benefits Assurance EPS without NRI Chart

Mutual Benefits Assurance Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.35 0.15 0.29 0.64 0.66

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
EPS without NRI 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 0.13 0.00 0.13 -0.42

NSA:MBAS vs BRK.A, AIG, HIG: EPS without NRI Comparison

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


Mutual Benefits Assurance PE Ratio without NRI vs Insurance Industry

For the Insurance industry and Financial Services sector, Mutual Benefits Assurance's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Mutual Benefits Assurance's PE Ratio without NRI falls into.


NSA:MBAS
61GF Score
Mutual Benefits Assurance PLC NSA:MBAS
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
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Mutual Benefits Assurance 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 quarterly data reported by the company within the most recent 12 months, which was ₦-0.29

* 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.

Frequently Asked Questions Learn more about EPS without NRI →
What does a EPS without NRI of ₦-0.29 mean?
Mutual Benefits Assurance (NSA:MBAS) has a EPS without NRI of ₦-0.29 as of Dec. 2025. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Mutual Benefits Assurance and its competitors. According to the industry distribution chart, Mutual Benefits Assurance ranks #52 out of 403 companies in the Insurance industry, placing it in the top 12.9%.
Is Mutual Benefits Assurance's EPS without NRI too high?
Mutual Benefits Assurance's current EPS without NRI is ₦-0.29. Based on the distribution chart, Mutual Benefits Assurance ranks #52 out of 403 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Mutual Benefits Assurance has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mutual Benefits Assurance's EPS without NRI compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Mutual Benefits Assurance ranks #52 out of 403 companies for EPS without NRI. This places Mutual Benefits Assurance in the top 13% of its industry — outperforming the majority of peers. The industry median EPS without NRI is 16.30. 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 an Insurance company?
The median EPS without NRI among Insurance companies is 16.30, based on 403 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 Mutual Benefits Assurance and its competitors. For the Insurance industry, the median EPS without NRI is 16.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mutual Benefits Assurance's current EPS without NRI is ₦-0.29. 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 ₦3.39 — trading 50.7% above its estimated fair value. The current EPS without NRI is ₦-0.29. Mutual Benefits Assurance's overall GF Score™ is 61/100 with 1 warning sign 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 Mutual Benefits Assurance (NSA:MBAS), the current EPS without NRI is ₦-0.29 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 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 ₦3.39 is trading 50.7% above its estimated GF Value™ of ₦2.25. GuruFocus considers Mutual Benefits Assurance to be Significantly Overvalued.

Key valuation signals for NSA:MBAS:

  • EPS without NRI: ₦-0.29
  • GF Value™: ₦2.25 vs. price of ₦3.39 (50.7% 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

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦3.39
Price
₦2.25
GF Value