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Nigerian (NSE) Brewers Industry Analysis
UpdatedJul 22, 2026
DataAggregated Company Financials
Companies5
- 7D2.5%
- 3M-5.9%
- 1Y11.8%
- YTDn/a
Over the last 7 days, the Brewers industry has dropped 3.3%, driven by International Breweries declining 9.6%. Over the past 12 months, the industry was up 9.3%. Earnings are forecast to grow by 26% annually.
Industry Valuation and Performance
Has the Nigerian Brewers Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 23 Jul 2026 | ₦5.5t | ₦2.6t | ₦183.9b | 40.4x | 30.1x | 2.1x |
| Sat, 20 Jun 2026 | ₦5.2t | ₦2.6t | ₦183.9b | 35.1x | 28.3x | 2x |
| Mon, 18 May 2026 | ₦5.9t | ₦2.6t | ₦183.9b | 40.9x | 32.3x | 2.2x |
| Wed, 15 Apr 2026 | ₦6.0t | ₦2.6t | ₦191.7b | 39.6x | 31.4x | 2.3x |
| Fri, 13 Mar 2026 | ₦5.8t | ₦2.6t | ₦191.5b | 33.8x | 30.5x | 2.2x |
| Sun, 08 Feb 2026 | ₦5.9t | ₦2.6t | ₦201.7b | 33.5x | 29.3x | 2.3x |
| Tue, 06 Jan 2026 | ₦5.9t | ₦2.6t | ₦195.3b | 35.8x | 30.1x | 2.3x |
| Thu, 04 Dec 2025 | ₦4.6t | ₦2.6t | ₦195.3b | 28.4x | 23.5x | 1.8x |
| Sat, 01 Nov 2025 | ₦4.9t | ₦2.6t | ₦196.0b | 30.9x | 24.8x | 1.9x |
| Mon, 29 Sep 2025 | ₦5.2t | ₦2.1t | ₦73.4b | 62.6x | 70.6x | 2.5x |
| Wed, 27 Aug 2025 | ₦4.9t | ₦2.1t | ₦73.4b | 57.4x | 66.8x | 2.4x |
| Fri, 25 Jul 2025 | ₦4.9t | ₦2.3t | -₦55,864,246,819.00 | 27.7x | -87.9x | 2.2x |
| Sun, 22 Jun 2025 | ₦3.9t | ₦2.3t | -₦55,864,246,819.00 | 21.2x | -70.2x | 1.7x |
| Tue, 20 May 2025 | ₦3.6t | ₦2.3t | -₦55,864,246,819.00 | 19.7x | -65.2x | 1.6x |
| Thu, 17 Apr 2025 | ₦2.0t | ₦1.6t | -₦257,692,552,819.00 | 41.1x | -7.7x | 1.2x |
| Sat, 15 Mar 2025 | ₦2.0t | ₦1.5t | -₦298,365,237,819.00 | 43.8x | -6.6x | 1.3x |
| Mon, 10 Feb 2025 | ₦949.8b | ₦437.9b | -₦153,937,998,819.00 | 70.5x | -6.2x | 2.2x |
| Wed, 08 Jan 2025 | ₦929.8b | ₦437.9b | -₦153,937,998,819.00 | 80x | -6x | 2.1x |
| Fri, 06 Dec 2024 | ₦713.9b | ₦437.9b | -₦153,937,998,819.00 | 76.2x | -4.6x | 1.6x |
| Sun, 03 Nov 2024 | ₦67.4t | ₦437.8b | -₦153,943,752,686.00 | 65.9x | -437.5x | 153.8x |
| Tue, 01 Oct 2024 | ₦67.5t | ₦387.0b | -₦142,828,262,686.00 | n/a | -472.7x | 174.4x |
| Thu, 29 Aug 2024 | ₦75.8t | ₦387.0b | -₦142,828,262,686.00 | n/a | -530.5x | 195.8x |
| Sat, 27 Jul 2024 | ₦32.7b | ₦15.5b | -₦45,171,000.00 | n/a | -723.7x | 2.1x |
| Mon, 24 Jun 2024 | ₦38.1b | ₦13.5b | -₦356,699,000.00 | n/a | -106.9x | 2.8x |
| Wed, 22 May 2024 | ₦136.9b | ₦277.7b | -₦59,824,074,000.00 | n/a | -2.3x | 0.5x |
| Fri, 19 Apr 2024 | ₦559.1b | ₦1.1t | -₦192,830,650,000.00 | 71x | -2.9x | 0.5x |
| Sun, 17 Mar 2024 | ₦557.5b | ₦1.1t | -₦193,662,594,883.00 | 118.4x | -2.9x | 0.5x |
| Tue, 13 Feb 2024 | ₦701.5b | ₦1.1t | -₦146,118,187,883.00 | 113.4x | -4.8x | 0.6x |
| Thu, 11 Jan 2024 | ₦674.2b | ₦1.0t | -₦124,915,316,883.00 | 108x | -5.4x | 0.6x |
| Sat, 09 Dec 2023 | ₦681.7b | ₦1.0t | -₦124,915,316,883.00 | 113.4x | -5.5x | 0.6x |
| Mon, 06 Nov 2023 | ₦679.5b | ₦1.0t | -₦124,915,316,883.00 | 116.5x | -5.4x | 0.6x |
| Wed, 04 Oct 2023 | ₦715.6b | ₦1.0t | -₦117,048,196,883.00 | 54.4x | -6.1x | 0.7x |
| Fri, 01 Sep 2023 | ₦691.1b | ₦1.0t | -₦117,048,196,883.00 | 50.8x | -5.9x | 0.7x |
| Sun, 30 Jul 2023 | ₦665.0b | ₦992.6b | -₦54,136,997,883.00 | 49.4x | -12.3x | 0.7x |
Price to Earnings Ratio
-12.3x
Current Industry PE
- Investors are pessimistic on the Nigerian Brewers industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 29.5x which is higher than its 3-year average PE of -52.0x.
- The 3-year average PS ratio of 14.7x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- Total earnings for the Brewers industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 39% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Nigerian Brewers compare with similar industries?
| NG Market | 2.49% | |
| Consumer Staples | 0.47% | |
| Beverage | 2.46% | |
| Brewers | 2.46% | |
| Soft Drinks | 0% | 0 |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| INTBREW International Breweries | ₦13.90 | 6.5% +₦143.0b | 1.5% | PE56.8x | |
| NB Nigerian Breweries | ₦76.90 | 3.9% +₦89.9b | 6.1% | PE21.6x | |
| GUINNESS Guinness Nigeria | ₦332.00 | 0.9% +₦6.6b | 243.0% | PE23.6x |