Nigerian Breweries

Nigerian Breweries EV/EBIT

The EV/EBIT (Enterprise Value to EBIT) of Nigerian Breweries (NB.NL) as of Nov 7, 2026 is 36.36. In the previous year, EV/EBIT (Enterprise Value to EBIT) was 57.31 — a change of -36.57% (lower).

EV/EBIT

36.36

YoY

-36.57%

Last updated:

EV/EBIT (Enterprise Value to EBIT) of Nigerian Breweries is 2024 36.36 . EV/EBIT (Enterprise Value to EBIT) of Nigerian Breweries was 2023 57.31 . It decreases by -36.57% lower compared to the previous year.

The Nigerian Breweries EV/EBIT history

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  • 25 Years

  • Max

EV/EBIT
Date
EV/EBIT
Jan 1, 2018
67.61 NGN
Jan 1, 2019
70.88 NGN
Jan 1, 2021
64.76 NGN
Jan 1, 2022
48.84 NGN
Jan 1, 2023
57.31 NGN
Jan 1, 2024
36.36 NGN
Jan 1, 2025 (e)
3.12 NGN
Jan 1, 2026 (e)
2.38 NGN
The Nigerian Breweries EV/EBIT history
YEAREV/EBITYoY
est2.38-23.72%
est3.12-91.42%
36.36-36.57%
57.31+17.34%
48.84-24.58%
64.76-8.63%
70.88+4.83%
67.61+50.53%
44.92-4.73%
47.15+17.63%
40.08—

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Nigerian Breweries Valuation

Details

Historical Valuation Multiples

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Price-to-Earnings Ratio (P/E)

The P/E ratio divides Nigerian Breweries's share price by its earnings per share. It tells you how many years of current earnings you are "paying for" when you buy the stock. A P/E of 20 means you pay $20 for every $1 of annual earnings. The S&P 500 historically trades at an average P/E of roughly 15–17. A P/E significantly above that may signal high growth expectations; one below may indicate undervaluation — or declining business quality.

Price-to-Sales Ratio (P/S)

The P/S ratio divides market capitalization by total revenue. Unlike the P/E ratio, it works even for companies that are not yet profitable, making it essential for evaluating high-growth firms. A P/S below 1.0 may indicate undervaluation, while ratios above 10 are typically reserved for fast-growing tech or SaaS companies with high expected future margins.

Price-to-EBIT Ratio

This ratio relates Nigerian Breweries's market price to its operating earnings, excluding the effects of debt structure and tax jurisdiction. It is particularly useful for comparing companies across different countries or with different levels of leverage, because it focuses purely on operational profitability. Lower values suggest cheaper operational earnings.

How to Use This Chart

This chart plots Nigerian Breweries's valuation multiples over time. Compare the current P/E, P/S, and P/EBIT to their own historical averages — if the current ratio is well below the multi-year average, the stock may be relatively cheap compared to its own track record. Combine this with industry comparisons: a P/E that looks high in absolute terms may be justified if Nigerian Breweries grows earnings faster than its peers.

Nigerian Breweries Stock analysis

What does Nigerian Breweries do? Nigerian Breweries PLC generates revenue through the production and sale of various beverage products under its portfolio of brands. The company's core offerings include lager beers such as Star lager, Gulder lager, Heineken lager, and premium brands like Desperados with its tequila flavor. Non-alcoholic products like Maltina, a nourishing malt drink, and Fayrouz, a non-alcoholic soft drink, also contribute significantly to sales. The firm markets and sells these products across Nigeria, targeting consumers seeking both alcoholic and non-alcoholic beverage options. Ancillary business activities, including manufacturing bottles, cans, and packaging materials, further support revenue streams by supplying essential components for its beverage production. The company's brand portfolio features products such as Maltina Sip-it, Legend Extra Stout, Amstel Malta, and Malta Gold, which are marketed to diverse consumer segments. Lager beers like 33 Export, Williams dark ale, and Turbo Kings dark ale cater to traditional beer drinkers, while newer offerings like Star Lite and Star Radler appeal to younger demographics. The firm's focus on both established brands and innovative product lines ensures consistent market presence. Sales channels include retail outlets, supermarkets, and hospitality venues, where its products are distributed under the Nigerian Breweries PLC brand name. Nigerian Breweries PLC's revenue model relies on selling its branded beverages directly to consumers through a wide network of distributors and retailers. Key products such as Star lager, Gulder lager, and Maltina are consistently popular across different regions in Nigeria, driving steady sales volumes. The company also benefits from ancillary manufacturing, which produces packaging materials like crown corks and cartons, reducing external procurement costs and enhancing overall profitability. This integrated approach to production and distribution strengthens the company's market position and ensures sustainable revenue generation. Nigerian Breweries is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Nigerian Breweries stock

EV/EBIT (Enterprise Value to EBIT) of Nigerian Breweries is 36.36 in 2024.

EV/EBIT (Enterprise Value to EBIT) of Nigerian Breweries changed from 57.31 to 36.36, representing a -36.57% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of EV/EBIT (Enterprise Value to EBIT) Nigerian Breweries since 2006 – with annual values, charts, and detailed analysis.

The EV/EBIT ratio measures a company's enterprise value relative to its operating earnings. It accounts for debt, making it useful for comparing companies with different capital structures.

EV/EBIT = Enterprise Value / Earnings Before Interest and Taxes

To evaluate EV/EBIT (Enterprise Value to EBIT)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for EV/EBIT (Enterprise Value to EBIT).

A 'good' varies by industry and company stage. On Eulerpool, you can compare EV/EBIT (Enterprise Value to EBIT)'s Nigerian Breweries with sector peers and the industry average to assess whether it is attractive.

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Valuation — Nigerian Breweries

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