Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Unilever Nigeria's average basic shares outstanding for the quarter that ended in Dec. 2025 was 5,762 Mil.
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Be Aware
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Unilever Nigeria Shares Outstanding (Basic Average) Related Terms
Unilever Nigeria Shares Outstanding (Basic Average) Historical Data
* Premium members only.
The historical data trend for Unilever Nigeria's Shares Outstanding (Basic Average) 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.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.
What does a Shares Outstanding (Basic Average) of 5,762 Mil mean?
Unilever Nigeria (NSA:LEVBROS) has a Shares Outstanding (Basic Average) of 5,762 Mil as of Dec. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Unilever Nigeria and its competitors.
Is Unilever Nigeria's Shares Outstanding (Basic Average) too high?
Unilever Nigeria's current Shares Outstanding (Basic Average) is 5,762 Mil. Overall, Unilever Nigeria has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Unilever Nigeria's Shares Outstanding (Basic Average) compare to PG and CL?
Unilever Nigeria's Shares Outstanding (Basic Average) of 5,762 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for a Consumer Packaged Goods company?
A good Shares Outstanding (Basic Average) depends on the Consumer Packaged Goods industry context. However, Shares Outstanding (Basic Average) 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 Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Unilever Nigeria and its competitors. Unilever Nigeria's current Shares Outstanding (Basic Average) is 5,762 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unilever Nigeria stock overvalued right now?
Based on GuruFocus' analysis, Unilever Nigeria (NSA:LEVBROS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦52.35, compared to a current price of ₦140.00 — trading 167.4% above its estimated fair value. The current Shares Outstanding (Basic Average) is 5,762 Mil. Unilever Nigeria's overall GF Score™ is 72/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Unilever Nigeria (NSA:LEVBROS), the current Shares Outstanding (Basic Average) is 5,762 Mil 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 Unilever Nigeria (NSA:LEVBROS) Overvalued in 2026?
Based on GuruFocus' analysis, Unilever Nigeria stock appears to be overvalued.
The current stock price of ₦140.00 is trading 167.4% above its estimated GF Value™ of ₦52.35.
GuruFocus considers Unilever Nigeria to be Significantly Overvalued.
Key valuation signals for NSA:LEVBROS:
Shares Outstanding (Basic Average): 5,762 Mil
GF Value™: ₦52.35 vs. price of ₦140.00 (167.4% above fair value)
No single metric tells the full story. See the NSA:LEVBROS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Unilever Nigeria PLC is principally involved in the manufacture and marketing of Nutrition, Beauty & Wellbeing, and Personal Care products. It has manufacturing sites in Oregun, Lagos State, and Agbara, Ogun State. The company's operating segments are: Foods, Personal Care, and Beauty & Wellbeing. Maximum revenue is generated from the Foods segment, which includes the sale of savoury products. The Personal Care segment includes the sale of oral care and deodorant products, and the Beauty & Wellbeing segment includes sales of skin care products. Geographically, the company generates maximum revenue from its business in Nigeria, and to a lesser extent, also exports its products to other countries.
72GF Score
Get the complete analysis for NSA:LEVBROS
Shares Outstanding (Basic Average) 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:LEVBROS has been successfully added to your 
