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HBM NigeriaNSA:HBMNG 77 PB Ratio is 6.68 as of Aug. 29, 2026, which is 496% above its 10-year median of 1.12. GuruFocus rates NSA:HBMNG with a GF Score™ of 77/100 and a GF Value™ of ₦139.56 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 399 Building Materials companies, HBM Nigeria ranks worse than 92.98% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-08-29), HBM Nigeria's share price is ₦334.00. HBM Nigeria's Book Value per Share for the quarter that ended in Jun. 2026 was ₦50.02. Hence, HBM Nigeria's PB Ratio of today is 6.68.
Warning Sign:
HBM Nigeria PLC stock PB Ratio (=6.68) is close to 5-year high of 7.26.
The historical rank and industry rank for HBM Nigeria's PB Ratio or its related term are showing as below:
NSA:HBMNG'
s PB Ratio Range Over the Past 10 Years
Min: 0.39 Med: 1.12 Max: 7.48
Current: 6.68
During the past 13 years, HBM Nigeria's highest PB Ratio was 7.48. The lowest was 0.39. And the median was 1.12.
NSA:HBMNG's PB Ratio is ranked worse than 92.98% of 399
companies
in the Building Materials industry
Industry Median: 1.19
vs NSA:HBMNG: 6.68
During the past 12 months, HBM Nigeria's average Book Value Per Share Growth Rate was 45.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 18.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of HBM Nigeria was 46.40% per year. The lowest was -29.60% per year. And the median was 13.85% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
HBM Nigeria PB Ratio Related Terms
HBM Nigeria PB Ratio Historical Data
* Premium members only.
The historical data trend for HBM Nigeria's PB Ratio 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 Building Materials subindustry, HBM Nigeria's PB Ratio, along with its competitors' market caps and PB Ratio 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.
HBM Nigeria PB Ratio vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, HBM Nigeria's PB Ratio distribution charts can be found below:
* The bar in red indicates where HBM Nigeria's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
HBM Nigeria's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
HBM Nigeria (NSA:HBMNG) has a PB Ratio of 6.68 as of Aug. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on HBM Nigeria and its competitors. This is 496% above median its historical median of 1.12. Over the past decade, HBM Nigeria's PB Ratio has ranged from 0.39 to 7.48. According to the industry distribution chart, HBM Nigeria ranks #371 out of 399 companies in the Building Materials industry, placing it in the top 93%.
Is HBM Nigeria's PB Ratio too high?
HBM Nigeria's current PB Ratio of 6.68 is 496% above median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 7.48. The Building Materials industry median PB Ratio is 1.19. HBM Nigeria's value of 6.68 is 461.3% above this industry median. Based on the distribution chart, HBM Nigeria ranks #371 out of 399 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, HBM Nigeria has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HBM Nigeria's PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, HBM Nigeria ranks #371 out of 399 companies for PB Ratio. This places HBM Nigeria in the lower half of its industry. The industry median PB Ratio is 1.19. HBM Nigeria's value of 6.68 is 461.3% above this benchmark. Historically, HBM Nigeria's own PB Ratio has ranged from 0.39 to 7.48 over the past decade. While the company's 10-year median is 1.12 vs. the industry median of 1.19, HBM Nigeria 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 PB Ratio for a Building Materials company?
The median PB Ratio among Building Materials companies is 1.19, based on 399 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HBM Nigeria's current PB Ratio of 6.68 is 461.3% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on HBM Nigeria and its competitors. For the Building Materials industry, the median PB Ratio is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HBM Nigeria's current PB Ratio is 6.68, which is 496% above median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HBM Nigeria stock overvalued right now?
Based on GuruFocus' analysis, HBM Nigeria (NSA:HBMNG) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦139.56, compared to a current price of ₦334.00 — trading 139.3% above its estimated fair value. The current PB Ratio is 6.68, which is 496% above median its 10-year median of 1.12 and 461.3% above the Building Materials industry median of 1.19. HBM Nigeria's overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For HBM Nigeria (NSA:HBMNG), the current PB Ratio is 6.68 as of Aug. 29, 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 HBM Nigeria (NSA:HBMNG) Overvalued in 2026?
Based on GuruFocus' analysis, HBM Nigeria stock appears to be overvalued.
The current stock price of ₦334.00 is trading 139.3% above its estimated GF Value™ of ₦139.56.
GuruFocus considers HBM Nigeria to be Significantly Overvalued.
Key valuation signals for NSA:HBMNG:
PB Ratio: 6.68 (496% above median its 10-year median of 1.12)
GF Value™: ₦139.56 vs. price of ₦334.00 (139.3% above fair value)
Industry Position: 461.3% above the Building Materials median (#371 of 399)
No single metric tells the full story. See the NSA:HBMNG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lafarge Africa PLC through its subsidiaries is engaged in manufacturing and marketing of cement, concrete, and aggregates products, including the provision of building solutions. The brands in products portfolio of the company includes ECOPlanet Unicem, Elephant cement, ThermoSet, Watershield, Powermax, and Supaset cement among others. It has two segments Cement & Readymix products. The majority of the revenue is generated from the cement segment.
77GF Score
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