International BreweriesNSA:IBP -9.52%44 Net Current Asset Value is ₦0.60 as of Mar. 2026, which is 100% below its 10-year median of 19.60. GuruFocus rates NSA:IBP with a GF Score™ of 44/100 and a GF Value™ of ₦2.31 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 118 Beverages - Alcoholic companies, International Breweries ranks worse than 82.2% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
International Breweries's net current asset value per share for the quarter that ended in Mar. 2026 was ₦0.60.
The historical rank and industry rank for International Breweries's Net Current Asset Value or its related term are showing as below:
NSA:IBP'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 15.83 Med: 19.6 Max: 23.33
Current: 15.83
During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of International Breweries was 23.33. The lowest was 15.83. And the median was 19.60.
NSA:IBP's Price-to-Net-Current-Asset-Value is ranked worse than 82.2% of 118
companies
in the Beverages - Alcoholic industry
Industry Median: 5.245
vs NSA:IBP: 15.83
International Breweries (NSA:IBP) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
International Breweries Net Current Asset Value Related Terms
International Breweries Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for International Breweries's Net Current Asset Value 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.
International Breweries Net Current Asset Value Chart
NSA:IBP vs BUD, STZ, TAP: Net Current Asset Value Comparison
For the Beverages - Brewers subindustry, International Breweries's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Price-to-Net-Current-Asset-Value vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, International Breweries's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where International Breweries's Price-to-Net-Current-Asset-Value 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.
What does a Net Current Asset Value of ₦0.60 mean?
International Breweries (NSA:IBP) has a Net Current Asset Value of ₦0.60 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on International Breweries and its competitors. This is 97% below median its historical median of 19.60. Over the past decade, International Breweries' Net Current Asset Value has ranged from 15.83 to 23.33. According to the industry distribution chart, International Breweries ranks #97 out of 118 companies in the Beverages - Alcoholic industry, placing it in the top 82.2%.
Is International Breweries' Net Current Asset Value too high?
International Breweries' current Net Current Asset Value of ₦0.60 is 97% below median its 10-year median of 19.60. Over the past 10 years, this metric has ranged from a low of 15.83 to a high of 23.33. Based on the distribution chart, International Breweries ranks #97 out of 118 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. 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' Net Current Asset Value compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, International Breweries ranks #97 out of 118 companies for Net Current Asset Value. This places International Breweries in the lower half of its industry. The industry median Net Current Asset Value is 5.25. Historically, International Breweries' own Net Current Asset Value has ranged from 15.83 to 23.33 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Beverages - Alcoholic company?
The median Net Current Asset Value among Beverages - Alcoholic companies is 5.25, based on 118 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value 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 Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on International Breweries and its competitors. For the Beverages - Alcoholic industry, the median Net Current Asset Value is 5.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Breweries's current Net Current Asset Value is ₦0.60, which is 97% below median its own 10-year median of 19.60. 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 ₦2.31, compared to a current price of ₦9.50 — trading 311.3% above its estimated fair value. The current Net Current Asset Value is ₦0.60, which is 97% below median its 10-year median of 19.60. 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 Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For International Breweries (NSA:IBP), the current Net Current Asset Value is ₦0.60 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 ₦9.50 is trading 311.3% above its estimated GF Value™ of ₦2.31.
GuruFocus considers International Breweries to be Significantly Overvalued.
Key valuation signals for NSA:IBP:
Net Current Asset Value: ₦0.60 (97% below median its 10-year median of 19.60)
GF Value™: ₦2.31 vs. price of ₦9.50 (311.3% above fair value)
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
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