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Nigerian (NSE) Diversified Banks Industry Analysis
UpdatedJan 17, 2025
DataAggregated Company Financials
Companies12
- 7D-0.9%
- 3M22.8%
- 1Y6.7%
- YTDn/a
Last week, the Diversified Banks industry hasn't moved much but Zenith Bank is up 5.5% in that time. The past year has been better, since the industry has gained 4.4% in that time. Looking forward, earnings are forecast to grow by 3.0% annually.
Industry Valuation and Performance
Has the Nigerian Diversified Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 Jan 2025 | ₦7.7t | ₦13.7t | ₦5.3t | 1.8x | 1.4x | 0.6x |
| Sun, 15 Dec 2024 | ₦7.2t | ₦13.7t | ₦5.3t | 1.7x | 1.3x | 0.5x |
| Tue, 12 Nov 2024 | ₦6.9t | ₦13.8t | ₦5.3t | 1.6x | 1.3x | 0.5x |
| Thu, 10 Oct 2024 | ₦6.3t | ₦12.4t | ₦4.7t | 1.8x | 1.3x | 0.5x |
| Sat, 07 Sep 2024 | ₦5.8t | ₦11.7t | ₦4.5t | 1.5x | 1.3x | 0.5x |
| Mon, 05 Aug 2024 | ₦5.6t | ₦11.3t | ₦4.5t | 1.4x | 1.2x | 0.5x |
| Wed, 03 Jul 2024 | ₦5.6t | ₦11.0t | ₦4.4t | 1.5x | 1.3x | 0.5x |
| Fri, 31 May 2024 | ₦5.3t | ₦10.6t | ₦4.3t | 1.4x | 1.2x | 0.5x |
| Sun, 28 Apr 2024 | ₦5.2t | ₦8.9t | ₦3.4t | 1.5x | 1.5x | 0.6x |
| Tue, 26 Mar 2024 | ₦6.7t | ₦7.9t | ₦2.7t | 3x | 2.5x | 0.8x |
| Thu, 22 Feb 2024 | ₦5.9t | ₦8.2t | ₦2.7t | 2.8x | 2.2x | 0.7x |
| Sat, 20 Jan 2024 | ₦7.2t | ₦6.8t | ₦2.5t | 3.8x | 2.9x | 1.1x |
| Mon, 18 Dec 2023 | ₦5.8t | ₦6.7t | ₦2.4t | 2.9x | 2.4x | 0.9x |
| Wed, 15 Nov 2023 | ₦5.1t | ₦6.8t | ₦2.4t | 2.6x | 2.1x | 0.7x |
| Fri, 13 Oct 2023 | ₦4.6t | ₦6.1t | ₦2.2t | 2.6x | 2.1x | 0.7x |
| Sun, 10 Sep 2023 | ₦5.0t | ₦5.4t | ₦1.6t | 4.2x | 3.2x | 0.9x |
| Tue, 08 Aug 2023 | ₦4.7t | ₦5.2t | ₦1.4t | 4.4x | 3.5x | 0.9x |
| Thu, 06 Jul 2023 | ₦4.6t | ₦4.9t | ₦1.2t | 4.5x | 3.9x | 0.9x |
| Sat, 03 Jun 2023 | ₦3.7t | ₦4.4t | ₦1.1t | 3.3x | 3.2x | 0.8x |
| Mon, 01 May 2023 | ₦3.1t | ₦4.4t | ₦1.1t | 3.2x | 2.8x | 0.7x |
| Wed, 29 Mar 2023 | ₦3.1t | ₦4.2t | ₦1.2t | 2.8x | 2.6x | 0.7x |
| Fri, 24 Feb 2023 | ₦3.2t | ₦4.2t | ₦1.2t | 2.9x | 2.7x | 0.8x |
| Sun, 22 Jan 2023 | ₦3.1t | ₦4.1t | ₦1.2t | 2.8x | 2.6x | 0.8x |
| Tue, 20 Dec 2022 | ₦2.9t | ₦4.1t | ₦1.2t | 2.5x | 2.5x | 0.7x |
| Thu, 17 Nov 2022 | ₦2.7t | ₦4.1t | ₦1.2t | 2.4x | 2.3x | 0.7x |
| Sat, 15 Oct 2022 | ₦2.6t | ₦3.9t | ₦1.1t | 2.4x | 2.3x | 0.7x |
| Mon, 12 Sep 2022 | ₦2.9t | ₦3.9t | ₦1.1t | 2.6x | 2.6x | 0.7x |
| Wed, 10 Aug 2022 | ₦2.9t | ₦3.8t | ₦1.1t | 2.6x | 2.6x | 0.8x |
| Fri, 08 Jul 2022 | ₦2.9t | ₦3.7t | ₦1.1t | 2.8x | 2.7x | 0.8x |
| Sun, 05 Jun 2022 | ₦3.2t | ₦3.7t | ₦1.1t | 2.9x | 2.9x | 0.9x |
| Tue, 03 May 2022 | ₦3.3t | ₦3.6t | ₦978.9b | 3.3x | 3.4x | 0.9x |
| Thu, 31 Mar 2022 | ₦3.0t | ₦3.5t | ₦964.2b | 3.1x | 3.1x | 0.9x |
| Sat, 26 Feb 2022 | ₦3.2t | ₦3.4t | ₦951.2b | 3.4x | 3.4x | 1x |
| Mon, 24 Jan 2022 | ₦3.1t | ₦3.4t | ₦927.2b | 3.2x | 3.3x | 0.9x |
Price to Earnings Ratio
3.3x
Current Industry PE
- Investors are pessimistic on the Nigerian Diversified Banks 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 1.4x which is lower than its 3-year average PE of 2.4x.
- The industry is trading close to its 3-year average PS ratio of 0.74x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 79% per year over the last three years.
- Revenues for these companies have grown 60% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Nigerian Diversified Banks compare with similar industries?
| NG Market | -4.44% | |
| Financials | -1.48% | |
| Banks | -0.89% | |
| Diversified Banks | -0.89% | |
| Regional Banks | 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 | |
|---|---|---|---|---|---|
| GTCO Guaranty Trust Holding | ₦58.00 | 1.8% +₦20.4b | 27.5% | PB0.5x | |
| ZENITHBANK Zenith Bank | ₦46.95 | 1.0% +₦14.1b | 6.0% | PB0.4x | |
| FCMB FCMB Group | ₦10.35 | 0.5% +₦990.1m | -5.9% | PB0.3x |