Mutual Benefits Assurance (NSA:MBAS) ROE % Adjusted to Book Value: -102.49% (As of Dec. 2025)


NSA:MBAS Mutual Benefits Assurance PLC NSA:MBAS
59 GF Score
Price ₦3.84
GF Value ₦2.25
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Mutual Benefits Assurance ROE % Adjusted to Book Value?

Mutual Benefits Assurance NSA:MBAS +5.21% 59 ROE % Adjusted to Book Value is -102.49% as of Dec. 2025. 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.

Mutual Benefits Assurance's ROE % for the quarter that ended in Dec. 2025 was -68.67%. Mutual Benefits Assurance's PB Ratio for the quarter that ended in Dec. 2025 was 0.67. Mutual Benefits Assurance's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was -102.49%.


Mutual Benefits Assurance ROE % Adjusted to Book Value Related Terms


Mutual Benefits Assurance ROE % Adjusted to Book Value Historical Data

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The historical data trend for Mutual Benefits Assurance's ROE % Adjusted to Book Value 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.

Mutual Benefits Assurance ROE % Adjusted to Book Value Chart

Mutual Benefits Assurance Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -72.16 60.52 61.26 44.82 22.87

Mutual Benefits Assurance Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Sep24 Dec24 Jun25 Sep25 Dec25
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 87.58 0.00 13.48 -102.49

NSA:MBAS vs BRK.A, AIG, HIG: ROE % Adjusted to Book Value Comparison

For the Insurance - Diversified subindustry, Mutual Benefits Assurance's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Insurance Industry

For the Insurance industry and Financial Services sector, Mutual Benefits Assurance's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Mutual Benefits Assurance's ROE % Adjusted to Book Value falls into.


NSA:MBAS
59GF Score
Mutual Benefits Assurance PLC NSA:MBAS
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Mutual Benefits Assurance ROE % Adjusted to Book Value Calculation

Mutual Benefits Assurance's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=15.32% / 0.67
=22.87%

Mutual Benefits Assurance's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-68.67% / 0.67
=-102.49%

* 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.

What does a ROE % Adjusted to Book Value of -102.49% mean?
Mutual Benefits Assurance (NSA:MBAS) has a ROE % Adjusted to Book Value of -102.49% as of Dec. 2025. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Mutual Benefits Assurance and its competitors.
Is Mutual Benefits Assurance's ROE % Adjusted to Book Value too high?
Mutual Benefits Assurance's current ROE % Adjusted to Book Value is -102.49%. 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 ROE % Adjusted to Book Value compare to BRK.A and AIG?
Mutual Benefits Assurance's ROE % Adjusted to Book Value of -102.49% can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Insurance company?
A good ROE % Adjusted to Book Value depends on the Insurance industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Mutual Benefits Assurance and its competitors. Mutual Benefits Assurance's current ROE % Adjusted to Book Value is -102.49%. 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 ₦3.84 — trading 70.7% above its estimated fair value. The current ROE % Adjusted to Book Value is -102.49%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Mutual Benefits Assurance (NSA:MBAS), the current ROE % Adjusted to Book Value is -102.49% as of Dec. 2025. 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 ₦3.84 is trading 70.7% above its estimated GF Value™ of ₦2.25. GuruFocus considers Mutual Benefits Assurance to be Significantly Overvalued.

Key valuation signals for NSA:MBAS:

  • ROE % Adjusted to Book Value: -102.49%
  • GF Value™: ₦2.25 vs. price of ₦3.84 (70.7% above fair value)
  • GF Score™: 59/100 with 1 warning sign

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 Business Description

Address 233 Ikorodu Road, Aret Adams House, Ilupeju, Lagos, NGA
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

Get the complete analysis for NSA:MBAS

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦3.84
Price
₦2.25
GF Value