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Nigerian (NSE) Diversified Banks Industry Analysis

UpdatedDec 26, 2024
DataAggregated Company Financials
Companies12
  • 7D5.0%
  • 3M19.7%
  • 1Y30.5%
  • YTDn/a

Over the last 7 days, the Diversified Banks industry has risen 6.7%, driven by gains from every company within the industry. This takes the industry's 12 month performance to a gain of 30%. Looking forward, earnings are expected to remain mostly flat in the next few years.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Dec 2024₦7.6t₦13.7t₦5.3t1.8x1.4x0.6x
Sat, 23 Nov 2024₦7.1t₦13.9t₦5.4t1.6x1.3x0.5x
Mon, 21 Oct 2024₦6.3t₦12.5t₦4.8t1.8x1.3x0.5x
Wed, 18 Sep 2024₦6.1t₦12.0t₦4.8t1.8x1.3x0.5x
Fri, 16 Aug 2024₦5.7t₦11.3t₦4.4t1.5x1.3x0.5x
Sun, 14 Jul 2024₦5.7t₦11.1t₦4.4t1.5x1.3x0.5x
Tue, 11 Jun 2024₦5.3t₦10.9t₦4.4t1.4x1.2x0.5x
Thu, 09 May 2024₦5.6t₦10.4t₦4.2t1.5x1.3x0.5x
Sat, 06 Apr 2024₦6.5t₦8.0t₦2.9t2.8x2.2x0.8x
Mon, 04 Mar 2024₦5.9t₦8.1t₦2.7t2.7x2.2x0.7x
Wed, 31 Jan 2024₦7.0t₦6.9t₦2.5t3.2x2.8x1x
Fri, 29 Dec 2023₦6.0t₦6.8t₦2.5t3x2.4x0.9x
Sun, 26 Nov 2023₦5.1t₦6.8t₦2.4t2.6x2.1x0.8x
Tue, 24 Oct 2023₦4.7t₦6.1t₦2.2t2.7x2.2x0.8x
Thu, 21 Sep 2023₦4.8t₦6.1t₦2.0t3x2.4x0.8x
Sat, 19 Aug 2023₦4.7t₦5.2t₦1.4t4.4x3.5x0.9x
Mon, 17 Jul 2023₦4.2t₦4.9t₦1.2t3.9x3.6x0.9x
Wed, 14 Jun 2023₦4.0t₦4.4t₦1.1t3.7x3.6x0.9x
Fri, 12 May 2023₦3.2t₦4.4t₦1.1t3x2.8x0.7x
Sun, 09 Apr 2023₦3.1t₦4.2t₦1.2t2.7x2.6x0.7x
Tue, 07 Mar 2023₦3.3t₦4.2t₦1.2t2.9x2.7x0.8x
Thu, 02 Feb 2023₦3.2t₦4.2t₦1.2t2.9x2.7x0.8x
Sat, 31 Dec 2022₦3.0t₦4.1t₦1.2t2.7x2.6x0.7x
Mon, 28 Nov 2022₦2.8t₦4.1t₦1.2t2.4x2.4x0.7x
Wed, 26 Oct 2022₦2.6t₦3.9t₦1.1t2.4x2.3x0.7x
Fri, 23 Sep 2022₦2.8t₦3.9t₦1.1t2.6x2.5x0.7x
Sun, 21 Aug 2022₦2.9t₦3.8t₦1.1t2.6x2.6x0.8x
Tue, 19 Jul 2022₦3.0t₦3.7t₦1.1t2.7x2.7x0.8x
Thu, 16 Jun 2022₦3.0t₦3.7t₦1.1t2.9x2.8x0.8x
Sat, 14 May 2022₦3.3t₦3.6t₦978.8b3.1x3.3x0.9x
Mon, 11 Apr 2022₦3.0t₦3.5t₦963.7b3.1x3.1x0.9x
Wed, 09 Mar 2022₦3.2t₦3.4t₦963.8b3.3x3.3x0.9x
Fri, 04 Feb 2022₦3.2t₦3.4t₦945.8b3.4x3.4x0.9x
Sun, 02 Jan 2022₦3.0t₦3.4t₦926.8b3.2x3.2x0.9x
Price to Earnings Ratio

3.2x


Total Market Cap: ₦3.0tTotal Earnings: ₦926.8bTotal Revenue: ₦3.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Diversified Banks Industry Price to Earnings3Y Average 2.4x20232024
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 Market0.27%
Financials4.85%
Banks5.01%
Diversified Banks5.00%
Regional Banks10.00%
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
UBA United Bank for Africa₦36.007.5%
+₦85.5b		43.4%PB0.4x
GTCO Guaranty Trust Holding₦57.957.3%
+₦80.6b		44.7%PB0.5x
FIDELITYBK Fidelity Bank₦17.5010.4%
+₦52.8b		65.9%PB0.8x
FBNH FBN Holdings₦27.904.1%
+₦39.5b		18.5%PB0.4x
ZENITHBANK Zenith Bank₦46.002.7%
+₦37.7b		20.4%PB0.4x
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STERLINGNG

₦5.85

Sterling Financial Holdings

7D

17.0%

1Y

32.1%

ZENITHBANK

₦46.00

Zenith Bank

7D

2.7%

1Y

20.4%

ACCESSCORP

₦24.70

Access Holdings

7D

2.9%

1Y

6.7%

GTCO

₦57.95

Guaranty Trust Holding

7D

7.3%

1Y

44.7%

UBA

₦36.00

United Bank for Africa

7D

7.5%

1Y

43.4%

WEMABANK

₦9.00

Wema Bank

7D

3.4%

1Y

65.7%

FIDELITYBK

₦17.50

Fidelity Bank

7D

10.4%

1Y

65.9%

FBNH

₦27.90

FBN Holdings

7D

4.1%

1Y

18.5%