International BreweriesNSA:IBP -8.33%44 ROA % is 10.00% as of Mar. 2026, which is 279% above its 10-year median of 2.64. 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 214 Beverages - Alcoholic companies, International Breweries ranks better than 73.36% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. International Breweries's annualizedNet Income for the quarter that ended in Mar. 2026 was ₦78,463 Mil.
International Breweries's average Total Assets over the quarter that ended in Mar. 2026 was ₦784,864 Mil. Therefore, International Breweries's annualized ROA % for the quarter that ended in Mar. 2026 was 10.00%.
The historical rank and industry rank for International Breweries's ROA % or its related term are showing as below:
NSA:IBP'
s ROA % Range Over the Past 10 Years
Min: -15.65 Med: 2.64 Max: 8.7
Current: 6.83
During the past 9 years, International Breweries's highest ROA % was 8.70%. The lowest was -15.65%. And the median was 2.64%.
NSA:IBP's ROA % is ranked better than 73.36% of 214
companies
in the Beverages - Alcoholic industry
Industry Median: 2.94
vs NSA:IBP: 6.83
International Breweries (NSA:IBP) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, International Breweries's ROA % distribution charts can be found below:
* The bar in red indicates where International Breweries's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
International Breweries (NSA:IBP) has a ROA % of 10.00% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on International Breweries and its competitors. This is 279% above median its historical median of 2.64. According to the industry distribution chart, International Breweries ranks #57 out of 214 companies in the Beverages - Alcoholic industry, placing it in the top 26.6%.
Is International Breweries' ROA % too high?
International Breweries' current ROA % of 10.00% is 279% above median its 10-year median of 2.64. The Beverages - Alcoholic industry median ROA % is 2.94. International Breweries' value of 10.00% is 240.1% above this industry median. Based on the distribution chart, International Breweries ranks #57 out of 214 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' ROA % compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, International Breweries ranks #57 out of 214 companies for ROA %. This puts International Breweries in the upper half of its industry. The industry median ROA % is 2.94. International Breweries' value of 10.00% is 240.1% above this benchmark. While the company's 10-year median is 2.64 vs. the industry median of 2.94, 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 ROA % for a Beverages - Alcoholic company?
The median ROA % among Beverages - Alcoholic companies is 2.94, based on 214 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. International Breweries's current ROA % of 10.00% is 240.1% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on International Breweries and its competitors. For the Beverages - Alcoholic industry, the median ROA % is 2.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Breweries's current ROA % is 10.00%, which is 279% above median its own 10-year median of 2.64. 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 ROA % is 10.00%, which is 279% above median its 10-year median of 2.64 and 240.1% above the Beverages - Alcoholic industry median of 2.94. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For International Breweries (NSA:IBP), the current ROA % is 10.00% 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:
ROA %: 10.00% (279% above median its 10-year median of 2.64)
GF Value™: ₦2.30 vs. price of ₦10.45 (354.3% above fair value)
Industry Position: 240.1% above the Beverages - Alcoholic median (#57 of 214)
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
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSA:IBP has been successfully added to your 
