Nigerian BreweriesNSA:NB 64 PS Ratio is 1.51 as of Jul. 01, 2026, which is 29% above its 10-year median of 1.17. GuruFocus rates NSA:NB with a GF Score™ of 64/100 and a GF Value™ of ₦30.65 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 211 Beverages - Alcoholic companies, Nigerian Breweries ranks better than 53.08% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Nigerian Breweries's share price is ₦72.50.
Nigerian Breweries's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ₦47.93. Hence, Nigerian Breweries's PS Ratio for today is 1.51.
The historical rank and industry rank for Nigerian Breweries's PS Ratio or its related term are showing as below:
NSA:NB'
s PS Ratio Range Over the Past 10 Years
Min: 0.32 Med: 1.17 Max: 4.51
Current: 1.51
During the past 13 years, Nigerian Breweries's highest PS Ratio was 4.51. The lowest was 0.32. And the median was 1.17.
NSA:NB's PS Ratio is ranked better than 53.08% of 211
companies
in the Beverages - Alcoholic industry
Industry Median: 1.64
vs NSA:NB: 1.51
Nigerian Breweries PLC revenue per share has been in decline over the past 3 years.
During the past 12 months, the average Revenue per Share Growth Rate of Nigerian Breweries was -42.40% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -8.30% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 14.30% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 10.90% per year.
During the past 13 years, Nigerian Breweries's highest 3-Year average Revenue per Share Growth Rate was 32.30% per year. The lowest was -8.30% per year. And the median was 8.10% per year.
Back to Basics: PS Ratio
Nigerian Breweries (NSA:NB) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Nigerian Breweries PS Ratio Related Terms
Nigerian Breweries PS Ratio Historical Data
* Premium members only.
The historical data trend for Nigerian Breweries's PS 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 Beverages - Brewers subindustry, Nigerian Breweries's PS Ratio, along with its competitors' market caps and PS 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.
Nigerian Breweries PS Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Nigerian Breweries's PS Ratio distribution charts can be found below:
* The bar in red indicates where Nigerian Breweries's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Nigerian Breweries's Share Price of today is ₦72.50. Nigerian Breweries's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦47.93.
* 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:
Nigerian Breweries (NSA:NB) has a PS Ratio of 1.51 as of Jul. 01, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Nigerian Breweries and its competitors. This is 29% above median its historical median of 1.17. Over the past decade, Nigerian Breweries' PS Ratio has ranged from 0.32 to 4.51. According to the industry distribution chart, Nigerian Breweries ranks #99 out of 211 companies in the Beverages - Alcoholic industry, placing it in the top 46.9%.
Is Nigerian Breweries' PS Ratio too high?
Nigerian Breweries' current PS Ratio of 1.51 is 29% above median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 4.51. The Beverages - Alcoholic industry median PS Ratio is 1.64. Nigerian Breweries' value of 1.51 is 7.9% below this industry median. Based on the distribution chart, Nigerian Breweries ranks #99 out of 211 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Nigerian Breweries has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nigerian Breweries' PS Ratio compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Nigerian Breweries ranks #99 out of 211 companies for PS Ratio. This puts Nigerian Breweries in the upper half of its industry. The industry median PS Ratio is 1.64. Nigerian Breweries' value of 1.51 is 7.9% below this benchmark. Historically, Nigerian Breweries' own PS Ratio has ranged from 0.32 to 4.51 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 1.64, Nigerian Breweries 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 PS Ratio for a Beverages - Alcoholic company?
The median PS Ratio among Beverages - Alcoholic companies is 1.64, based on 211 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nigerian Breweries's current PS Ratio of 1.51 is 7.9% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Nigerian Breweries and its competitors. For the Beverages - Alcoholic industry, the median PS Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nigerian Breweries's current PS Ratio is 1.51, which is 29% above median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nigerian Breweries stock overvalued right now?
Based on GuruFocus' analysis, Nigerian Breweries (NSA:NB) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦30.65, compared to a current price of ₦72.50 — trading 136.5% above its estimated fair value. The current PS Ratio is 1.51, which is 29% above median its 10-year median of 1.17 and 7.9% below the Beverages - Alcoholic industry median of 1.64. Nigerian Breweries' overall GF Score™ is 64/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Nigerian Breweries (NSA:NB), the current PS Ratio is 1.51 as of Jul. 01, 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 Nigerian Breweries (NSA:NB) Overvalued in 2026?
Based on GuruFocus' analysis, Nigerian Breweries stock appears to be overvalued.
The current stock price of ₦72.50 is trading 136.5% above its estimated GF Value™ of ₦30.65.
GuruFocus considers Nigerian Breweries to be Significantly Overvalued.
Key valuation signals for NSA:NB:
PS Ratio: 1.51 (29% above median its 10-year median of 1.17)
GF Value™: ₦30.65 vs. price of ₦72.50 (136.5% above fair value)
Industry Position: 7.9% below the Beverages - Alcoholic median (#99 of 211)
No single metric tells the full story. See the NSA:NB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nigerian Breweries PLC is a Brewing firm. The company's principal activities are brewing, marketing, and selling lager, stout, non-alcoholic malt, and soft drinks. Geographically, it derives a majority of its revenue from Nigeria and also has a presence in the United Kingdom, the Netherlands, the United States of America, Canada, some parts of Africa, and parts of the Middle East and Asia. The company's brands include Star, Goldberg, Turbo King, Ace Bitters, Gulder, Maltina, Legend Extra Stout, Amstel Malta, Heineken, Maltina Sip-it, Fayrouz, Goldberg, Malta Gold, and others.
64GF Score
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