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Nigerian (NSE) Market Analysis & Valuation
UpdatedJul 08, 2025
DataAggregated Company Financials
Companies131
- 7D1.4%
- 3M15.1%
- 1Y19.6%
- YTD15.2%
Over the last 7 days, the market has risen 1.4%, driven by gains of 3.3% in the Consumer Staples sector. As for the past 12 months, the market is up 20%. As for the next few years, earnings are expected to grow by 21% per annum.
Trending IndustriesOil and Gas
Market Valuation and Performance
Has the Nigerian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 08 Jul 2025 | ₦54.5t | ₦33.0t | ₦7.2t | 10.3x | 7.6x | 1.7x |
| Thu, 05 Jun 2025 | ₦50.3t | ₦33.1t | ₦7.2t | 8.6x | 7x | 1.5x |
| Sat, 03 May 2025 | ₦47.5t | ₦32.9t | ₦7.3t | 7.4x | 6.5x | 1.4x |
| Mon, 31 Mar 2025 | ₦46.6t | ₦30.4t | ₦6.7t | 8.7x | 6.9x | 1.5x |
| Wed, 26 Feb 2025 | ₦46.6t | ₦28.9t | ₦7.0t | 9x | 6.7x | 1.6x |
| Fri, 24 Jan 2025 | ₦42.2t | ₦26.6t | ₦7.0t | 8.6x | 6.1x | 1.6x |
| Sun, 22 Dec 2024 | ₦42.6t | ₦29.5t | ₦7.0t | 7.8x | 6.1x | 1.4x |
| Tue, 19 Nov 2024 | ₦40.9t | ₦29.6t | ₦7.0t | 7.6x | 5.9x | 1.4x |
| Thu, 17 Oct 2024 | ₦108.0t | ₦26.1t | ₦6.1t | 7.4x | 17.8x | 4.1x |
| Sat, 14 Sep 2024 | ₦115.7t | ₦25.4t | ₦6.1t | 7.4x | 19x | 4.6x |
| Mon, 12 Aug 2024 | ₦38.3t | ₦24.7t | ₦5.7t | 6.3x | 6.7x | 1.5x |
| Wed, 10 Jul 2024 | ₦39.3t | ₦22.5t | ₦5.7t | 7.2x | 6.9x | 1.7x |
| Fri, 07 Jun 2024 | ₦38.5t | ₦22.3t | ₦5.6t | 6.8x | 6.8x | 1.7x |
| Sun, 05 May 2024 | ₦39.8t | ₦21.7t | ₦4.7t | 7.1x | 8.6x | 1.8x |
| Tue, 02 Apr 2024 | ₦42.3t | ₦19.4t | ₦3.8t | 8.3x | 11x | 2.2x |
| Thu, 29 Feb 2024 | ₦42.5t | ₦21.6t | ₦3.9t | 8.1x | 10.8x | 2x |
| Sat, 27 Jan 2024 | ₦45.4t | ₦20.1t | ₦3.6t | 10x | 12.5x | 2.3x |
| Mon, 25 Dec 2023 | ₦30.9t | ₦20.0t | ₦3.6t | 8.4x | 8.6x | 1.5x |
| Wed, 22 Nov 2023 | ₦29.8t | ₦19.9t | ₦3.6t | 8.3x | 8.3x | 1.5x |
| Fri, 20 Oct 2023 | ₦29.4t | ₦18.5t | ₦3.4t | 8x | 8.8x | 1.6x |
| Sun, 17 Sep 2023 | ₦30.0t | ₦18.4t | ₦3.2t | 8.2x | 9.3x | 1.6x |
| Tue, 15 Aug 2023 | ₦28.3t | ₦17.3t | ₦2.6t | 7.6x | 10.9x | 1.6x |
| Thu, 13 Jul 2023 | ₦29.6t | ₦16.9t | ₦2.5t | 9x | 11.7x | 1.7x |
| Sat, 10 Jun 2023 | ₦25.0t | ₦16.4t | ₦2.4t | 7.4x | 10.2x | 1.5x |
| Mon, 08 May 2023 | ₦22.9t | ₦16.4t | ₦2.5t | 6.9x | 9.2x | 1.4x |
| Wed, 05 Apr 2023 | ₦23.0t | ₦15.8t | ₦2.5t | 6.7x | 9.1x | 1.5x |
| Fri, 03 Mar 2023 | ₦23.4t | ₦15.7t | ₦2.5t | 7.5x | 9.2x | 1.5x |
| Sun, 29 Jan 2023 | ₦21.8t | ₦15.2t | ₦2.4t | 7.1x | 9x | 1.4x |
| Tue, 27 Dec 2022 | ₦20.7t | ₦15.1t | ₦2.4t | 7x | 8.6x | 1.4x |
| Thu, 24 Nov 2022 | ₦19.6t | ₦15.0t | ₦2.4t | 6.6x | 8.2x | 1.3x |
| Sat, 22 Oct 2022 | ₦18.4t | ₦14.4t | ₦2.4t | 6.7x | 7.7x | 1.3x |
| Mon, 19 Sep 2022 | ₦18.4t | ₦14.4t | ₦2.4t | 7.4x | 7.7x | 1.3x |
| Wed, 17 Aug 2022 | ₦18.8t | ₦14.1t | ₦2.3t | 8x | 8x | 1.3x |
| Fri, 15 Jul 2022 | ₦20.4t | ₦13.5t | ₦2.3t | 8.7x | 8.9x | 1.5x |
Price to Earnings Ratio
8.9x
Current Market PE
- Investors are pessimistic on the Nigerian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 7.6x which is lower than its 3-year average PE of 9.1x.
Past Earnings Growth
- The earnings for Nigerian listed companies have grown 46% per year over the last three years.
- Revenues for these companies have grown 35% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Nigerian Market?
| NG Market | 1.43% | |
| Real Estate | 26.77% | |
| Tech | 18.08% | |
| Telecom | 14.17% | |
| Industrials | 6.43% | |
| Healthcare | 5.51% | |
| Consumer Staples | 3.26% | |
| Energy | 2.56% | |
| Financials | 2.52% | |
| Consumer Discretionary | 0.33% | |
| Utilities | -0.20% | |
| Materials | -2.05% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth, which is trading close to its 3-year average PE ratio of 52.9x.
- Analysts are expecting annual earnings growth of 33.0%, which is lower than the prior year's growth of 73.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Consumer Staples sector, expecting annual earnings growth of 33% over the next 5 years.
- However this is lower than its past earnings growth rate of 74% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 13% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| INTBREW International Breweries | ₦15.70 | 12.9% +₦302.9b | 287.7% | PS4.7x | Consumer Staples | |
| GTCO Guaranty Trust Holding | ₦84.50 | 4.0% +₦267.5b | 77.9% | PB0.7x | Financials | |
| NB Nigerian Breweries | ₦63.00 | 6.8% +₦123.9b | 112.1% | PS1.6x | Consumer Staples | |
| WAPCO Lafarge Africa | ₦92.50 | 6.1% +₦85.4b | 156.9% | PE10.4x | Materials | |
| FIRSTHOLDCO First HoldCo | ₦28.00 | 7.7% +₦83.8b | 22.3% | PB0.4x | Financials |
