Mutual Benefits AssuranceNSA:MBAS -4.95%59 PB Ratio is 0.79 as of Jun. 25, 2026, which is 163% above its 10-year median of 0.30. GuruFocus rates NSA:MBAS with a GF Score™ of 59/100 and a GF Value™ of ₦2.25 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 499 Insurance companies, Mutual Benefits Assurance ranks better than 76.55% on this metric.
The historical rank and industry rank for Mutual Benefits Assurance's PB Ratio or its related term are showing as below:
NSA:MBAS'
s PB Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.3 Max: 1.44
Current: 0.79
During the past 11 years, Mutual Benefits Assurance's highest PB Ratio was 1.44. The lowest was 0.12. And the median was 0.30.
NSA:MBAS's PB Ratio is ranked better than 76.55% of 499
companies
in the Insurance industry
Industry Median: 1.39
vs NSA:MBAS: 0.79
During the past 12 months, Mutual Benefits Assurance's average Book Value Per Share Growth Rate was 186.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 63.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 18.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 10.60% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Mutual Benefits Assurance was 63.20% per year. The lowest was -13.00% per year. And the median was 8.85% per year.
Back to Basics: PB Ratio
Mutual Benefits Assurance (NSA:MBAS) 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.
Mutual Benefits Assurance PB Ratio Related Terms
Mutual Benefits Assurance PB Ratio 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 Insurance - Diversified subindustry, Mutual Benefits Assurance'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.
Mutual Benefits Assurance PB Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, Mutual Benefits Assurance's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mutual Benefits Assurance'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.
Mutual Benefits Assurance (NSA:MBAS) has a PB Ratio of 0.79 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Mutual Benefits Assurance and its competitors. This is 163% above median its historical median of 0.30. Over the past decade, Mutual Benefits Assurance's PB Ratio has ranged from 0.12 to 1.44. According to the industry distribution chart, Mutual Benefits Assurance ranks #117 out of 499 companies in the Insurance industry, placing it in the top 23.4%.
Is Mutual Benefits Assurance's PB Ratio too high?
Mutual Benefits Assurance's current PB Ratio of 0.79 is 163% above median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 1.44. The Insurance industry median PB Ratio is 1.39. Mutual Benefits Assurance's value of 0.79 is 43.2% below this industry median. Based on the distribution chart, Mutual Benefits Assurance ranks #117 out of 499 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Mutual Benefits Assurance has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mutual Benefits Assurance's PB Ratio compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Mutual Benefits Assurance ranks #117 out of 499 companies for PB Ratio. This places Mutual Benefits Assurance in the top 23% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.39. Mutual Benefits Assurance's value of 0.79 is 43.2% below this benchmark. Historically, Mutual Benefits Assurance's own PB Ratio has ranged from 0.12 to 1.44 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 1.39, Mutual Benefits Assurance 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 PB Ratio for an Insurance company?
The median PB Ratio among Insurance companies is 1.39, based on 499 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. Mutual Benefits Assurance's current PB Ratio of 0.79 is 43.2% 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 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 Mutual Benefits Assurance and its competitors. For the Insurance industry, the median PB Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mutual Benefits Assurance's current PB Ratio is 0.79, which is 163% above median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mutual Benefits Assurance stock overvalued right now?
Based on GuruFocus' analysis, Mutual Benefits Assurance (NSA:MBAS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦2.25, compared to a current price of ₦3.65 — trading 62.2% above its estimated fair value. The current PB Ratio is 0.79, which is 163% above median its 10-year median of 0.30 and 43.2% below the Insurance industry median of 1.39. Mutual Benefits Assurance's overall GF Score™ is 59/100 with 1 warning sign 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 Mutual Benefits Assurance (NSA:MBAS), the current PB Ratio is 0.79 as of Jun. 25, 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 Mutual Benefits Assurance (NSA:MBAS) Overvalued in 2026?
Based on GuruFocus' analysis, Mutual Benefits Assurance stock appears to be overvalued.
The current stock price of ₦3.65 is trading 62.2% above its estimated GF Value™ of ₦2.25.
GuruFocus considers Mutual Benefits Assurance to be Significantly Overvalued.
Key valuation signals for NSA:MBAS:
PB Ratio: 0.79 (163% above median its 10-year median of 0.30)
GF Value™: ₦2.25 vs. price of ₦3.65 (62.2% above fair value)
Industry Position: 43.2% below the Insurance median (#117 of 499)
No single metric tells the full story. See the NSA:MBAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mutual Benefits Assurance PLC is a financial and wealth protection company in Nigeria. The principal objective of the Company is to render qualitative life related insurance & risks management services. It is a premium provider of life insurance, annuity and investment products and services. It has four reportable operating segments; assurance business, real estate, microfinance bank, and oil and gas exploration and production. The majority of revenue comes from Assurance business which covers the protection of customers' assets (Particularly their properties, both for personal and commercial business) and indemnification of other parties that have suffered damage as a result of customers accident. It has presence in Nigeria, and Liberia.
59GF Score
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