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Nigerian BreweriesNSA:NB -2.44%75 Equity-to-Asset is 0.59 as of Jun. 2026, which is 40% above its 10-year median of 0.42. GuruFocus rates NSA:NB with a GF Score™ of 75/100 and a GF Value™ of ₦43.66 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 213 Beverages - Alcoholic companies, Nigerian Breweries ranks better than 58.22% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nigerian Breweries's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ₦645,865 Mil. Nigerian Breweries's Total Assets for the quarter that ended in Jun. 2026 was ₦1,093,544 Mil.
Therefore, Nigerian Breweries's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.59.
The historical rank and industry rank for Nigerian Breweries's Equity-to-Asset or its related term are showing as below:
NSA:NB'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.09 Med: 0.42 Max: 0.59
Current: 0.59
During the past 13 years, the highest Equity to Asset Ratio of Nigerian Breweries was 0.59. The lowest was -0.09. And the median was 0.42.
NSA:NB's Equity-to-Asset is ranked better than 58.22% of 213
companies
in the Beverages - Alcoholic industry
Industry Median: 0.54
vs NSA:NB: 0.59
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Nigerian Breweries Equity-to-Asset Related Terms
Nigerian Breweries Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Nigerian Breweries's Equity-to-Asset 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 Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Nigerian Breweries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Nigerian Breweries's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Nigerian Breweries's Equity to Asset Ratio 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.
Nigerian Breweries (NSA:NB) has a Equity-to-Asset of 0.59 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Nigerian Breweries and its competitors. This is 40% above median its historical median of 0.42. According to the industry distribution chart, Nigerian Breweries ranks #89 out of 213 companies in the Beverages - Alcoholic industry, placing it in the top 41.8%.
Is Nigerian Breweries' Equity-to-Asset too high?
Nigerian Breweries' current Equity-to-Asset of 0.59 is 40% above median its 10-year median of 0.42. The Beverages - Alcoholic industry median Equity-to-Asset is 0.54. Nigerian Breweries' value of 0.59 is 9.3% above this industry median. Based on the distribution chart, Nigerian Breweries ranks #89 out of 213 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Nigerian Breweries has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nigerian Breweries' Equity-to-Asset compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Nigerian Breweries ranks #89 out of 213 companies for Equity-to-Asset. This puts Nigerian Breweries in the upper half of its industry. The industry median Equity-to-Asset is 0.54. Nigerian Breweries' value of 0.59 is 9.3% above this benchmark. While the company's 10-year median is 0.42 vs. the industry median of 0.54, Nigerian Breweries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Beverages - Alcoholic company?
The median Equity-to-Asset among Beverages - Alcoholic companies is 0.54, based on 213 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nigerian Breweries's current Equity-to-Asset of 0.59 is 9.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Nigerian Breweries and its competitors. For the Beverages - Alcoholic industry, the median Equity-to-Asset is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nigerian Breweries's current Equity-to-Asset is 0.59, which is 40% above median its own 10-year median of 0.42. 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 ₦43.66, compared to a current price of ₦68.00 — trading 55.7% above its estimated fair value. The current Equity-to-Asset is 0.59, which is 40% above median its 10-year median of 0.42 and 9.3% above the Beverages - Alcoholic industry median of 0.54. Nigerian Breweries' overall GF Score™ is 75/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Nigerian Breweries (NSA:NB), the current Equity-to-Asset is 0.59 as of Jun. 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 ₦68.00 is trading 55.7% above its estimated GF Value™ of ₦43.66.
GuruFocus considers Nigerian Breweries to be Significantly Overvalued.
Key valuation signals for NSA:NB:
Equity-to-Asset: 0.59 (40% above median its 10-year median of 0.42)
GF Value™: ₦43.66 vs. price of ₦68.00 (55.7% above fair value)
Industry Position: 9.3% above the Beverages - Alcoholic median (#89 of 213)
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.
75GF Score
Get the complete analysis for NSA:NB
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