International BreweriesNSA:IBP -8.33%44 Pretax Margin % is 22.56% as of Mar. 2026, which is 155% above its 10-year median of 8.84. 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 211 Beverages - Alcoholic companies, International Breweries ranks better than 71.09% on this metric.
The historical rank and industry rank for International Breweries's Pretax Margin % or its related term are showing as below:
NSA:IBP'
s Pretax Margin % Range Over the Past 10 Years
Min: -37.32 Med: 8.84 Max: 21.23
Current: 14.45
NSA:IBP's Pretax Margin % is ranked better than 71.09% of 211
companies
in the Beverages - Alcoholic industry
Industry Median: 6.09
vs NSA:IBP: 14.45
International Breweries (NSA:IBP) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
International Breweries Pretax Margin % Related Terms
International Breweries Pretax Margin % 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 Beverages - Brewers subindustry, International Breweries's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, International Breweries's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where International Breweries's Pretax Margin % 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.
International Breweries (NSA:IBP) has a Pretax Margin % of 22.56% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on International Breweries and its competitors. This is 155% above median its historical median of 8.84. According to the industry distribution chart, International Breweries ranks #61 out of 211 companies in the Beverages - Alcoholic industry, placing it in the top 28.9%.
Is International Breweries' Pretax Margin % too high?
International Breweries' current Pretax Margin % of 22.56% is 155% above median its 10-year median of 8.84. The Beverages - Alcoholic industry median Pretax Margin % is 6.09. International Breweries' value of 22.56% is 270.4% above this industry median. Based on the distribution chart, International Breweries ranks #61 out of 211 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. 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' Pretax Margin % compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, International Breweries ranks #61 out of 211 companies for Pretax Margin %. This puts International Breweries in the upper half of its industry. The industry median Pretax Margin % is 6.09. International Breweries' value of 22.56% is 270.4% above this benchmark. While the company's 10-year median is 8.84 vs. the industry median of 6.09, 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 Pretax Margin % for a Beverages - Alcoholic company?
The median Pretax Margin % among Beverages - Alcoholic companies is 6.09, based on 211 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. International Breweries's current Pretax Margin % of 22.56% is 270.4% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on International Breweries and its competitors. For the Beverages - Alcoholic industry, the median Pretax Margin % is 6.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Breweries's current Pretax Margin % is 22.56%, which is 155% above median its own 10-year median of 8.84. 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 Pretax Margin % is 22.56%, which is 155% above median its 10-year median of 8.84 and 270.4% above the Beverages - Alcoholic industry median of 6.09. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For International Breweries (NSA:IBP), the current Pretax Margin % is 22.56% 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 ₦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:
Pretax Margin %: 22.56% (155% above median its 10-year median of 8.84)
GF Value™: ₦2.30 vs. price of ₦10.45 (354.3% above fair value)
Industry Position: 270.4% above the Beverages - Alcoholic median (#61 of 211)
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
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