International BreweriesNSA:IBP -8.33%44 Gross Margin % is 42.02% as of Mar. 2026, which is 25% above its 10-year median of 33.65. GuruFocus rates NSA:IBP with a GF Score™ of 44/100 and a GF Value™ of ₦2.30 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 205 Beverages - Alcoholic companies, International Breweries ranks worse than 65.85% on this metric.
NSA:IBP's Gross Margin % is ranked worse than 65.85% of 205
companies
in the Beverages - Alcoholic industry
Industry Median: 42.29
vs NSA:IBP: 35.17
International Breweries had a gross margin of 42.02% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for International Breweries was -4.30% per year.
International Breweries (NSA:IBP) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
International Breweries had a gross margin of 42.02% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
International Breweries Gross Margin % Related Terms
International Breweries Gross Margin % 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.
For the Beverages - Brewers subindustry, International Breweries's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.
International Breweries Gross Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, International Breweries's Gross Margin % distribution charts can be found below:
* The bar in red indicates where International Breweries's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
International Breweries (NSA:IBP) has a Gross Margin % of 42.02% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on International Breweries and its competitors. This is 25% above median its historical median of 33.65. Over the past decade, International Breweries' Gross Margin % has ranged from 25.40 to 48.14. According to the industry distribution chart, International Breweries ranks #135 out of 205 companies in the Beverages - Alcoholic industry, placing it in the top 65.9%.
Is International Breweries' Gross Margin % too high?
International Breweries' current Gross Margin % of 42.02% is 25% above median its 10-year median of 33.65. Over the past 10 years, this metric has ranged from a low of 25.40 to a high of 48.14. The Beverages - Alcoholic industry median Gross Margin % is 42.29. International Breweries' value of 42.02% is 0.6% below this industry median. Based on the distribution chart, International Breweries ranks #135 out of 205 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, International Breweries has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does International Breweries' Gross Margin % compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, International Breweries ranks #135 out of 205 companies for Gross Margin %. This places International Breweries in the lower half of its industry. The industry median Gross Margin % is 42.29. International Breweries' value of 42.02% is 0.6% below this benchmark. Historically, International Breweries' own Gross Margin % has ranged from 25.40 to 48.14 over the past decade. While the company's 10-year median is 33.65 vs. the industry median of 42.29, International Breweries has consistently been below 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 Gross Margin % for a Beverages - Alcoholic company?
The median Gross Margin % among Beverages - Alcoholic companies is 42.29, based on 205 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. International Breweries's current Gross Margin % of 42.02% is 0.6% below 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on International Breweries and its competitors. For the Beverages - Alcoholic industry, the median Gross Margin % is 42.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Breweries's current Gross Margin % is 42.02%, which is 25% above median its own 10-year median of 33.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Breweries stock overvalued right now?
Based on GuruFocus' analysis, International Breweries (NSA:IBP) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦2.30, compared to a current price of ₦10.45 — trading 354.3% above its estimated fair value. The current Gross Margin % is 42.02%, which is 25% above median its 10-year median of 33.65 and 0.6% below the Beverages - Alcoholic industry median of 42.29. International Breweries' overall GF Score™ is 44/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For International Breweries (NSA:IBP), the current Gross Margin % is 42.02% as of Mar. 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 International Breweries (NSA:IBP) Overvalued in 2026?
Based on GuruFocus' analysis, International Breweries stock appears to be overvalued.
The current stock price of ₦10.45 is trading 354.3% above its estimated GF Value™ of ₦2.30.
GuruFocus considers International Breweries to be Significantly Overvalued.
Key valuation signals for NSA:IBP:
Gross Margin %: 42.02% (25% above median its 10-year median of 33.65)
GF Value™: ₦2.30 vs. price of ₦10.45 (354.3% above fair value)
Industry Position: 0.6% below the Beverages - Alcoholic median (#135 of 205)
No single metric tells the full story. See the NSA:IBP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
International Breweries PLC engages in brewing, packaging, and marketing beer, alcoholic flavored/non-alcoholic beverages, and soft drinks in Nigeria. The company offers its products under the Trophy Lager, Trophy Black, Castle Milk Stout, Castle Lager, Redds, Hero, Grand Malt, Betamalt malt drink, and Voltic Water brands.
44GF Score
Get the complete analysis for NSA:IBP
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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