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Nigerian (NSE) Diversified Banks Industry Analysis
UpdatedJun 03, 2025
DataAggregated Company Financials
Companies12
- 7D0.8%
- 3M1.4%
- 1Y47.4%
- YTDn/a
Last week, the Diversified Banks industry hasn't moved much but Ecobank Transnational is up 8.5% in that time. The past year has been better, since the industry has gained 47% in that time. Earnings are forecast to grow by 12% 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 |
|---|---|---|---|---|---|---|
| Wed, 04 Jun 2025 | ₦10.0t | ₦14.4t | ₦5.1t | 2.2x | 2x | 0.7x |
| Fri, 02 May 2025 | ₦9.7t | ₦14.3t | ₦5.1t | 2.4x | 1.9x | 0.7x |
| Sun, 30 Mar 2025 | ₦9.1t | ₦14.0t | ₦5.3t | 2.2x | 1.7x | 0.7x |
| Tue, 25 Feb 2025 | ₦9.0t | ₦13.9t | ₦5.5t | 2.2x | 1.7x | 0.6x |
| Thu, 23 Jan 2025 | ₦7.7t | ₦13.7t | ₦5.3t | 1.7x | 1.5x | 0.6x |
| Sat, 21 Dec 2024 | ₦7.4t | ₦13.7t | ₦5.3t | 1.7x | 1.4x | 0.5x |
| Mon, 18 Nov 2024 | ₦7.2t | ₦13.8t | ₦5.3t | 1.7x | 1.3x | 0.5x |
| Wed, 16 Oct 2024 | ₦6.3t | ₦12.4t | ₦4.7t | 1.8x | 1.3x | 0.5x |
| Fri, 13 Sep 2024 | ₦5.9t | ₦11.9t | ₦4.8t | 1.6x | 1.2x | 0.5x |
| Sun, 11 Aug 2024 | ₦5.9t | ₦11.3t | ₦4.4t | 1.5x | 1.3x | 0.5x |
| Tue, 09 Jul 2024 | ₦5.8t | ₦11.0t | ₦4.4t | 1.6x | 1.3x | 0.5x |
| Thu, 06 Jun 2024 | ₦5.3t | ₦10.8t | ₦4.4t | 1.4x | 1.2x | 0.5x |
| Sat, 04 May 2024 | ₦5.6t | ₦9.5t | ₦3.6t | 1.6x | 1.6x | 0.6x |
| Mon, 01 Apr 2024 | ₦7.0t | ₦8.1t | ₦3.0t | 2.9x | 2.4x | 0.9x |
| Wed, 28 Feb 2024 | ₦5.8t | ₦8.1t | ₦2.7t | 2.5x | 2.2x | 0.7x |
| Fri, 26 Jan 2024 | ₦7.0t | ₦6.8t | ₦2.5t | 3.6x | 2.8x | 1x |
| Sun, 24 Dec 2023 | ₦6.0t | ₦6.9t | ₦2.5t | 3x | 2.4x | 0.9x |
| Tue, 21 Nov 2023 | ₦5.0t | ₦6.7t | ₦2.4t | 2.6x | 2.1x | 0.7x |
| Thu, 19 Oct 2023 | ₦4.7t | ₦6.1t | ₦2.2t | 2.7x | 2.2x | 0.8x |
| Sat, 16 Sep 2023 | ₦4.8t | ₦6.0t | ₦2.0t | 3x | 2.4x | 0.8x |
| Mon, 14 Aug 2023 | ₦4.8t | ₦5.3t | ₦1.4t | 4.4x | 3.5x | 0.9x |
| Wed, 12 Jul 2023 | ₦4.9t | ₦5.0t | ₦1.2t | 4.8x | 4.2x | 1x |
| Fri, 09 Jun 2023 | ₦3.6t | ₦4.4t | ₦1.1t | 3.4x | 3.3x | 0.8x |
| Sun, 07 May 2023 | ₦3.2t | ₦4.4t | ₦1.1t | 3x | 2.8x | 0.7x |
| Tue, 04 Apr 2023 | ₦3.2t | ₦4.1t | ₦1.2t | 2.8x | 2.7x | 0.8x |
| Thu, 02 Mar 2023 | ₦3.3t | ₦4.2t | ₦1.2t | 3x | 2.8x | 0.8x |
| Sat, 28 Jan 2023 | ₦3.1t | ₦4.1t | ₦1.2t | 2.9x | 2.7x | 0.8x |
| Mon, 26 Dec 2022 | ₦3.0t | ₦4.1t | ₦1.2t | 2.6x | 2.5x | 0.7x |
| Wed, 23 Nov 2022 | ₦2.7t | ₦4.1t | ₦1.2t | 2.5x | 2.3x | 0.7x |
| Fri, 21 Oct 2022 | ₦2.6t | ₦3.9t | ₦1.1t | 2.5x | 2.3x | 0.7x |
| Sun, 18 Sep 2022 | ₦2.8t | ₦3.9t | ₦1.1t | 2.5x | 2.5x | 0.7x |
| Tue, 16 Aug 2022 | ₦2.9t | ₦3.8t | ₦1.1t | 2.7x | 2.6x | 0.8x |
| Thu, 14 Jul 2022 | ₦2.9t | ₦3.7t | ₦1.1t | 2.8x | 2.7x | 0.8x |
| Sat, 11 Jun 2022 | ₦3.1t | ₦3.7t | ₦1.1t | 2.9x | 2.8x | 0.8x |
Price to Earnings Ratio
2.8x
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 2.0x which is lower than its 3-year average PE of 2.2x.
- The industry is trading close to its 3-year average PS ratio of 0.70x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 67% per year over the last three years.
- Revenues for these companies have grown 57% 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 | 1.05% | |
| Financials | 1.10% | |
| Banks | 0.83% | |
| Diversified Banks | 0.83% | |
| Regional Banks | 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 | |
|---|---|---|---|---|---|
| FIRSTHOLDCO First HoldCo | ₦27.75 | 7.8% +₦83.8b | 26.1% | PB0.4x | |
| ETI Ecobank Transnational | ₦32.00 | 8.5% +₦61.5b | 52.4% | PB0.4x | |
| FIDELITYBK Fidelity Bank | ₦19.00 | 2.7% +₦25.1b | 90.0% | PB1x | |
| FCMB FCMB Group | ₦10.00 | 3.1% +₦11.9b | 25.0% | PB0.5x | |
| ZENITHBANK Zenith Bank | ₦48.60 | 0.2% +₦4.1b | 51.9% | PB0.4x |