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Mutual Benefits AssuranceNSA:MBAS +0.93%61 Shiller PE Ratio is 13.00 as of Jul. 31, 2026, which is 5% below its 10-year median of 13.62. GuruFocus rates NSA:MBAS with a GF Score™ of 61/100 and a GF Value™ of ₦2.29 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 374 Insurance companies, Mutual Benefits Assurance ranks better than 61.5% on this metric.
The historical rank and industry rank for Mutual Benefits Assurance's Shiller PE Ratio or its related term are showing as below:
NSA:MBAS'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 3.21 Med: 13.62 Max: 21.68
Current: 13.98
During the past 11 years, Mutual Benefits Assurance's highest Shiller PE Ratio was 21.68. The lowest was 3.21. And the median was 13.62.
NSA:MBAS's Shiller PE Ratio is ranked better than 61.5% of 374
companies
in the Insurance industry
Industry Median: 16.865
vs NSA:MBAS: 13.98
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Mutual Benefits Assurance's adjusted earnings per share data of for the fiscal year that ended in Dec25 was ₦0.660. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is ₦0.25 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Mutual Benefits Assurance (NSA:MBAS) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Mutual Benefits Assurance Shiller PE Ratio Related Terms
Mutual Benefits Assurance Shiller PE Ratio Historical 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.
NSA:MBAS vs BRK.A, AIG, HIG: Shiller PE Ratio Comparison
For the Insurance - Diversified subindustry, Mutual Benefits Assurance's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.
Mutual Benefits Assurance Shiller PE Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, Mutual Benefits Assurance's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Mutual Benefits Assurance's Shiller PE Ratio falls into.
Mutual Benefits Assurance Shiller PE Ratio Calculation
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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.
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Mutual Benefits Assurance (NSA:MBAS) has a Shiller PE Ratio of 13.00 as of Jul. 31, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Mutual Benefits Assurance and its competitors. This is near median its historical median of 13.62. Over the past decade, Mutual Benefits Assurance's Shiller PE Ratio has ranged from 3.21 to 21.68. According to the industry distribution chart, Mutual Benefits Assurance ranks #144 out of 374 companies in the Insurance industry, placing it in the top 38.5%.
Is Mutual Benefits Assurance's Shiller PE Ratio too high?
Mutual Benefits Assurance's current Shiller PE Ratio of 13.00 is near median its 10-year median of 13.62. Over the past 10 years, this metric has ranged from a low of 3.21 to a high of 21.68. The Insurance industry median Shiller PE Ratio is 16.87. Mutual Benefits Assurance's value of 13.00 is 22.9% below this industry median. Based on the distribution chart, Mutual Benefits Assurance ranks #144 out of 374 companies in the Insurance industry, which is above the industry midpoint. Overall, Mutual Benefits Assurance has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mutual Benefits Assurance's Shiller PE Ratio compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Mutual Benefits Assurance ranks #144 out of 374 companies for Shiller PE Ratio. This puts Mutual Benefits Assurance in the upper half of its industry. The industry median Shiller PE Ratio is 16.87. Mutual Benefits Assurance's value of 13.00 is 22.9% below this benchmark. Historically, Mutual Benefits Assurance's own Shiller PE Ratio has ranged from 3.21 to 21.68 over the past decade. While the company's 10-year median is 13.62 vs. the industry median of 16.87, Mutual Benefits Assurance 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 Shiller PE Ratio for an Insurance company?
The median Shiller PE Ratio among Insurance companies is 16.87, based on 374 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mutual Benefits Assurance's current Shiller PE Ratio of 13.00 is 22.9% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Mutual Benefits Assurance and its competitors. For the Insurance industry, the median Shiller PE Ratio is 16.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mutual Benefits Assurance's current Shiller PE Ratio is 13.00, which is near median its own 10-year median of 13.62. 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 ₦2.29, compared to a current price of ₦3.25 — trading 41.9% above its estimated fair value. The current Shiller PE Ratio is 13.00, which is near median its 10-year median of 13.62 and 22.9% below the Insurance industry median of 16.87. Mutual Benefits Assurance's overall GF Score™ is 61/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Mutual Benefits Assurance (NSA:MBAS), the current Shiller PE Ratio is 13.00 as of Jul. 31, 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 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 ₦3.25 is trading 41.9% above its estimated GF Value™ of ₦2.29.
GuruFocus considers Mutual Benefits Assurance to be Significantly Overvalued.
Key valuation signals for NSA:MBAS:
Shiller PE Ratio: 13.00 (near median its 10-year median of 13.62)
GF Value™: ₦2.29 vs. price of ₦3.25 (41.9% above fair value)
Industry Position: 22.9% below the Insurance median (#144 of 374)
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 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.
61GF Score
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