International BreweriesNSA:IBP -8.33%44 PB Ratio is 3.39 as of Jun. 27, 2026, which is 229% above its 10-year median of 1.03. 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 83.9% on this metric.
International Breweries PLC stock PB Ratio (=3.5) is close to 1-year low of 3.5.
The historical rank and industry rank for International Breweries's PB Ratio or its related term are showing as below:
NSA:IBP'
s PB Ratio Range Over the Past 10 Years
Min: 0.5 Med: 1.03 Max: 4.7
Current: 3.39
During the past 9 years, International Breweries's highest PB Ratio was 4.70. The lowest was 0.50. And the median was 1.03.
NSA:IBP's PB Ratio is ranked worse than 83.9% of 205
companies
in the Beverages - Alcoholic industry
Industry Median: 1.66
vs NSA:IBP: 3.39
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of International Breweries was 14.10% per year. The lowest was -13.40% per year. And the median was 3.90% per year.
Back to Basics: PB Ratio
International Breweries (NSA:IBP) PB Ratio Explanation
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.
* 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 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.
International Breweries PB Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, International Breweries's PB Ratio distribution charts can be found below:
* The bar in red indicates where International Breweries'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.
* 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.
International Breweries (NSA:IBP) has a PB Ratio of 3.39 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on International Breweries and its competitors. This is 229% above median its historical median of 1.03. Over the past decade, International Breweries' PB Ratio has ranged from 0.50 to 4.70. According to the industry distribution chart, International Breweries ranks #172 out of 205 companies in the Beverages - Alcoholic industry, placing it in the top 83.9%.
Is International Breweries' PB Ratio too high?
International Breweries' current PB Ratio of 3.39 is 229% above median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 4.70. The Beverages - Alcoholic industry median PB Ratio is 1.66. International Breweries' value of 3.39 is 104.2% above this industry median. Based on the distribution chart, International Breweries ranks #172 out of 205 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' PB Ratio compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, International Breweries ranks #172 out of 205 companies for PB Ratio. This places International Breweries in the lower half of its industry. The industry median PB Ratio is 1.66. International Breweries' value of 3.39 is 104.2% above this benchmark. Historically, International Breweries' own PB Ratio has ranged from 0.50 to 4.70 over the past decade. While the company's 10-year median is 1.03 vs. the industry median of 1.66, International 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 PB Ratio for a Beverages - Alcoholic company?
The median PB Ratio among Beverages - Alcoholic companies is 1.66, based on 205 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. International Breweries's current PB Ratio of 3.39 is 104.2% 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 International Breweries and its competitors. For the Beverages - Alcoholic industry, the median PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Breweries's current PB Ratio is 3.39, which is 229% above median its own 10-year median of 1.03. 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 PB Ratio is 3.39, which is 229% above median its 10-year median of 1.03 and 104.2% above the Beverages - Alcoholic industry median of 1.66. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For International Breweries (NSA:IBP), the current PB Ratio is 3.39 as of Jun. 27, 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:
PB Ratio: 3.39 (229% above median its 10-year median of 1.03)
GF Value™: ₦2.30 vs. price of ₦10.45 (354.3% above fair value)
Industry Position: 104.2% above the Beverages - Alcoholic median (#172 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
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