Nigerian Breweries (NSA:NB) ROE % Adjusted to Book Value: 10.37% (As of Mar. 2026)


NSA:NB Nigerian Breweries PLC NSA:NB
64 GF Score
Price ₦72.50
GF Value ₦30.66
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Nigerian Breweries ROE % Adjusted to Book Value?

Nigerian Breweries NSA:NB -1.09% 64 ROE % Adjusted to Book Value is 10.37% as of Mar. 2026. GuruFocus rates NSA:NB with a GF Score™ of 64/100 and a GF Value™ of ₦30.66 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Nigerian Breweries's ROE % for the quarter that ended in Mar. 2026 was 38.04%. Nigerian Breweries's PB Ratio for the quarter that ended in Mar. 2026 was 3.67. Nigerian Breweries's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 10.37%.


Nigerian Breweries ROE % Adjusted to Book Value Related Terms


Nigerian Breweries ROE % Adjusted to Book Value Historical Data

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The historical data trend for Nigerian Breweries'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.

Nigerian Breweries ROE % Adjusted to Book Value Chart

Nigerian Breweries 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 3.37 3.21 -14.95 -25.73 4.66

Nigerian Breweries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 17.58 9.98 -0.51 2.36 10.37

NSA:NB vs STZ, TAP: ROE % Adjusted to Book Value Comparison

For the Beverages - Brewers subindustry, Nigerian Breweries'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.


Nigerian Breweries ROE % Adjusted to Book Value vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Nigerian Breweries's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Nigerian Breweries's ROE % Adjusted to Book Value falls into.


NSA:NB
64GF Score
Nigerian Breweries PLC NSA:NB
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Nigerian Breweries ROE % Adjusted to Book Value Calculation

Nigerian Breweries'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
=19.37% / 4.16
=4.66%

Nigerian Breweries's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=38.04% / 3.67
=10.37%

* 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 10.37% mean?
Nigerian Breweries (NSA:NB) has a ROE % Adjusted to Book Value of 10.37% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Nigerian Breweries and its competitors.
Is Nigerian Breweries' ROE % Adjusted to Book Value too high?
Nigerian Breweries' current ROE % Adjusted to Book Value is 10.37%. 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' ROE % Adjusted to Book Value compare to STZ and TAP?
Nigerian Breweries' ROE % Adjusted to Book Value of 10.37% can be compared against companies in the Beverages - Alcoholic 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 a Beverages - Alcoholic company?
A good ROE % Adjusted to Book Value depends on the Beverages - Alcoholic 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 Nigerian Breweries and its competitors. Nigerian Breweries's current ROE % Adjusted to Book Value is 10.37%. 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 ₦30.66, compared to a current price of ₦72.50 — trading 136.5% above its estimated fair value. The current ROE % Adjusted to Book Value is 10.37%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Nigerian Breweries (NSA:NB), the current ROE % Adjusted to Book Value is 10.37% 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 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 ₦30.66. GuruFocus considers Nigerian Breweries to be Significantly Overvalued.

Key valuation signals for NSA:NB:

  • ROE % Adjusted to Book Value: 10.37%
  • GF Value™: ₦30.66 vs. price of ₦72.50 (136.5% above fair value)
  • GF Score™: 64/100 with 2 warning signs

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 Business Description

Address 1, Abebe Village Road, P. O. Box 545, Iganmu House, Iganmu, Lagos, NGA, 101241
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

Get the complete analysis for NSA:NB

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

₦72.50
Price
₦30.66
GF Value