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Nigerian (NSE) Diversified Banks Industry Analysis

UpdatedAug 25, 2026
DataAggregated Company Financials
Companies13
  • 7D-3.3%
  • 3M4.8%
  • 1Y52.4%
  • YTDn/a

Over the last 7 days, the Diversified Banks industry has dropped 3.3%, driven by First HoldCo declining 8.6%. In the past year, the industry has gained 52%. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

Has the Nigerian Diversified Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 25 Aug 2026₦24.2t₦15.4t₦4.7t5.5x5.2x1.6x
Thu, 23 Jul 2026₦24.2t₦15.3t₦4.6t6.2x5.2x1.6x
Sat, 20 Jun 2026₦20.6t₦15.1t₦4.5t5.3x4.6x1.4x
Mon, 18 May 2026₦23.5t₦15.0t₦4.5t5.5x5.3x1.6x
Wed, 15 Apr 2026₦20.2t₦14.7t₦4.6t5x4.4x1.4x
Fri, 13 Mar 2026₦18.3t₦14.3t₦4.3t4.6x4.2x1.3x
Sun, 08 Feb 2026₦16.0t₦14.2t₦4.3t4.4x3.7x1.1x
Tue, 06 Jan 2026₦15.2t₦14.7t₦4.8t4.1x3.2x1x
Thu, 04 Dec 2025₦12.8t₦14.7t₦4.7t4x2.7x0.9x
Sat, 01 Nov 2025₦13.4t₦14.4t₦4.8t3.7x2.8x0.9x
Mon, 29 Sep 2025₦11.4t₦14.2t₦4.7t2.7x2.4x0.8x
Wed, 27 Aug 2025₦13.6t₦14.6t₦5.1t3.1x2.7x0.9x
Fri, 25 Jul 2025₦13.4t₦14.4t₦5.1t3x2.6x0.9x
Sun, 22 Jun 2025₦10.5t₦14.4t₦5.1t2.5x2.1x0.7x
Tue, 20 May 2025₦9.8t₦14.5t₦5.1t2.3x1.9x0.7x
Thu, 17 Apr 2025₦8.8t₦14.3t₦5.2t2.4x1.7x0.6x
Sat, 15 Mar 2025₦9.0t₦14.0t₦5.5t2.1x1.6x0.6x
Mon, 10 Feb 2025₦9.5t₦13.9t₦5.5t2.4x1.7x0.7x
Wed, 08 Jan 2025₦7.6t₦13.6t₦5.3t1.8x1.4x0.6x
Fri, 06 Dec 2024₦7.1t₦13.8t₦5.3t1.6x1.3x0.5x
Sun, 03 Nov 2024₦6.8t₦13.5t₦5.3t1.6x1.3x0.5x
Tue, 01 Oct 2024₦6.5t₦12.3t₦4.8t1.7x1.3x0.5x
Thu, 29 Aug 2024₦5.8t₦11.3t₦4.4t1.5x1.3x0.5x
Sat, 27 Jul 2024₦5.6t₦11.2t₦4.4t1.5x1.3x0.5x
Mon, 24 Jun 2024₦5.6t₦10.9t₦4.4t1.5x1.3x0.5x
Wed, 22 May 2024₦5.2t₦10.7t₦4.2t1.3x1.2x0.5x
Fri, 19 Apr 2024₦5.5t₦8.6t₦3.3t1.8x1.6x0.6x
Sun, 17 Mar 2024₦6.6t₦8.2t₦2.7t2.9x2.4x0.8x
Tue, 13 Feb 2024₦6.1t₦8.0t₦2.7t3x2.3x0.8x
Thu, 11 Jan 2024₦6.9t₦6.9t₦2.5t3.6x2.8x1x
Sat, 09 Dec 2023₦5.6t₦6.7t₦2.4t2.7x2.3x0.8x
Mon, 06 Nov 2023₦4.9t₦6.7t₦2.4t2.3x2x0.7x
Wed, 04 Oct 2023₦4.6t₦6.1t₦2.2t2.6x2.1x0.7x
Fri, 01 Sep 2023₦4.5t₦5.3t₦1.4t4.4x3.3x0.9x
Price to Earnings Ratio

3.3x


Total Market Cap: ₦4.5tTotal Earnings: ₦1.4tTotal Revenue: ₦5.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Diversified Banks Industry Price to Earnings3Y Average 2.5x202420252026
Current Industry PE
  • Investors are optimistic on the Nigerian Diversified Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 5.2x which is higher than its 3-year average PE of 2.5x.
  • The 3-year average PS ratio of 0.85x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 51% per year over the last three years.
  • Revenues for these companies have grown 43% 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-1.74%
Financials-2.98%
Banks-3.28%
Diversified Banks-3.28%
Regional Banks0%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?

CompanyLast Price7D1YValuation
ACCESSCORP Access Holdings₦27.502.6%
+₦37.1b		0.2%PB0.4x
STERLINGNG Sterling Financial Holdings₦7.700.7%
+₦3.4b		0%PB1x
WEMABANK Wema Bank₦28.950.2%
+₦2.0b		23.2%PB1.7x

Latest News

FIDELITYBK
₦18.80
Fidelity Bank
7D
-14.5%
1Y
-9.8%
STERLINGNG
₦7.70
Sterling Financial Holdings
7D
0.7%
1Y
0%
FCMB
₦11.45
FCMB Group
7D
-4.6%
1Y
5.0%
ETI
₦69.75
Ecobank Transnational
7D
-0.4%
1Y
77.9%
JAIZBANK
₦8.45
Jaiz Bank
7D
-0.6%
1Y
80.2%
WEMABANK
₦28.95
Wema Bank
7D
0.2%
1Y
23.2%
ACCESSCORP
₦27.50
Access Holdings
7D
2.6%
1Y
0.2%
FIRSTHOLDCO
₦127.90
First HoldCo
7D
-8.6%
1Y
293.5%
ZENITHBANK
₦122.00
Zenith Bank
7D
-0.2%
1Y
74.3%
UBA
₦44.45
United Bank for Africa
7D
-1.6%
1Y
-7.3%
GTCO
₦127.70
Guaranty Trust Holding
7D
-0.6%
1Y
33.0%
Narrative Update • Jul 15

GTCO: Higher Margins And Dividend Policy Will Support Future Upside Potential

Analysts have revised their fair value estimate for Guaranty Trust Holding to NGN147.39 from NGN86.39, citing updated assumptions for revenue growth, profit margins, and future P/E expectations as key drivers of the higher price target. What’s in the News for Guaranty Trust Holding Guaranty Trust Holding has scheduled a board meeting for July 28, 2026, to consider the audited financial statements for the half year ending June 30, 2026, with potential discussion of half year dividend matters and other business items.