Nigerian BreweriesNSA:NB -1.09%64 Market Cap is ₦2,246,269 Mil as of Jun. 28, 2026. GuruFocus rates NSA:NB with a GF Score™ of 64/100 and a GF Value™ of ₦30.66 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 216 Beverages - Alcoholic companies, Nigerian Breweries ranks better than 75.46% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Nigerian Breweries's share price for the quarter that ended in Mar. 2026 was ₦73. Nigerian Breweries's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 30,983 Mil. Therefore, Nigerian Breweries's market cap for the quarter that ended in Mar. 2026 was ₦2,261,761 Mil.
Nigerian Breweries's quarterly market cap
increased
from Sep. 2025 (₦2,261,761 Mil) to Dec. 2025 (₦2,333,022 Mil) but then
declined
from Dec. 2025 (₦2,333,022 Mil) to Mar. 2026 (₦2,261,761 Mil).
Nigerian Breweries's annual market cap
increased
from Dec. 2023 (₦369,941 Mil) to Dec. 2024 (₦991,457 Mil) and
increased
from Dec. 2024 (₦991,457 Mil) to Dec. 2025 (₦2,333,022 Mil).
Enterprise Value is 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 and cash equivalents. Nigerian Breweries's Enterprise Value for Today is ₦2,170,107 Mil.
Nigerian Breweries (NSA:NB) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Nigerian Breweries Market Cap Related Terms
Nigerian Breweries Market Cap Historical Data
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The historical data trend for Nigerian Breweries's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Nigerian Breweries's Market Cap distribution charts can be found below:
* The bar in red indicates where Nigerian Breweries's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Nigerian Breweries's Market Cap 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 Market Cap of ₦2,246,269 Mil as of Jun. 28, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Nigerian Breweries and its competitors. According to the industry distribution chart, Nigerian Breweries ranks #53 out of 216 companies in the Beverages - Alcoholic industry, placing it in the top 24.5%.
Is Nigerian Breweries' Market Cap too high?
Nigerian Breweries' current Market Cap is ₦2,246,269 Mil. Based on the distribution chart, Nigerian Breweries ranks #53 out of 216 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. 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' Market Cap compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Nigerian Breweries ranks #53 out of 216 companies for Market Cap. This places Nigerian Breweries in the top 25% of its industry — outperforming the majority of peers. The industry median Market Cap is 249.37. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Beverages - Alcoholic company?
The median Market Cap among Beverages - Alcoholic companies is 249.37, based on 216 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Nigerian Breweries and its competitors. For the Beverages - Alcoholic industry, the median Market Cap is 249.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nigerian Breweries's current Market Cap is ₦2,246,269 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 Market Cap is ₦2,246,269 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Nigerian Breweries (NSA:NB), the current Market Cap is ₦2,246,269 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:
Market Cap: ₦2,246,269 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
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