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Nigerian (NSE) Diversified Banks Industry Analysis

UpdatedFeb 13, 2026
DataAggregated Company Financials
Companies12
  • 7D3.2%
  • 3M23.5%
  • 1Y37.0%
  • YTDn/a

The Diversified Banks industry is up 3.2% in the last week, with Guaranty Trust Holding up 7.0%. This takes the industry's 12 month performance to a gain of 37%. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Feb 2026₦16.5t₦14.3t₦4.3t4.6x3.8x1.2x
Sun, 11 Jan 2026₦14.8t₦14.7t₦4.8t3.9x3.1x1x
Tue, 09 Dec 2025₦13.3t₦14.7t₦4.8t3.8x2.8x0.9x
Thu, 06 Nov 2025₦13.0t₦14.7t₦4.8t3.6x2.7x0.9x
Sat, 04 Oct 2025₦11.4t₦14.2t₦4.7t2.8x2.4x0.8x
Mon, 01 Sep 2025₦13.3t₦14.6t₦5.1t3x2.6x0.9x
Wed, 30 Jul 2025₦13.6t₦14.4t₦5.1t3.1x2.7x0.9x
Fri, 27 Jun 2025₦11.0t₦14.4t₦5.1t2.6x2.2x0.8x
Sun, 25 May 2025₦9.7t₦14.4t₦5.1t2.3x1.9x0.7x
Tue, 22 Apr 2025₦9.0t₦14.1t₦5.1t2.4x1.8x0.6x
Thu, 20 Mar 2025₦8.7t₦13.9t₦5.5t2.1x1.6x0.6x
Sat, 15 Feb 2025₦9.5t₦13.9t₦5.5t2.3x1.7x0.7x
Mon, 13 Jan 2025₦7.7t₦13.7t₦5.3t1.8x1.5x0.6x
Wed, 11 Dec 2024₦7.1t₦13.7t₦5.3t1.7x1.3x0.5x
Fri, 08 Nov 2024₦7.0t₦13.9t₦5.4t1.6x1.3x0.5x
Sun, 06 Oct 2024₦6.3t₦12.4t₦4.7t1.8x1.4x0.5x
Tue, 03 Sep 2024₦5.9t₦11.6t₦4.5t1.5x1.3x0.5x
Thu, 01 Aug 2024₦5.4t₦11.2t₦4.4t1.4x1.2x0.5x
Sat, 29 Jun 2024₦5.6t₦11.0t₦4.4t1.5x1.3x0.5x
Mon, 27 May 2024₦4.9t₦10.6t₦4.2t1.2x1.2x0.5x
Wed, 24 Apr 2024₦5.3t₦8.8t₦3.4t1.7x1.6x0.6x
Fri, 22 Mar 2024₦6.8t₦7.8t₦2.6t3x2.6x0.9x
Sun, 18 Feb 2024₦6.1t₦8.0t₦2.7t2.9x2.3x0.8x
Tue, 16 Jan 2024₦7.2t₦6.8t₦2.4t3.8x2.9x1.1x
Thu, 14 Dec 2023₦5.8t₦6.7t₦2.4t2.8x2.4x0.9x
Sat, 11 Nov 2023₦5.0t₦6.7t₦2.4t2.6x2.1x0.7x
Mon, 09 Oct 2023₦4.6t₦6.1t₦2.2t2.6x2.2x0.8x
Wed, 06 Sep 2023₦4.9t₦5.5t₦1.6t4.2x3.2x0.9x
Fri, 04 Aug 2023₦4.7t₦5.2t₦1.4t4.2x3.5x0.9x
Sun, 02 Jul 2023₦4.5t₦4.9t₦1.2t4.4x3.8x0.9x
Tue, 30 May 2023₦3.5t₦4.4t₦1.1t3.2x3.1x0.8x
Thu, 27 Apr 2023₦3.1t₦4.3t₦1.1t3.2x2.8x0.7x
Sat, 25 Mar 2023₦3.1t₦4.2t₦1.2t2.8x2.6x0.7x
Mon, 20 Feb 2023₦3.2t₦4.2t₦1.2t2.8x2.7x0.8x
Price to Earnings Ratio

2.7x


Total Market Cap: ₦3.2tTotal Earnings: ₦1.2tTotal Revenue: ₦4.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Diversified Banks Industry Price to Earnings3Y Average 2.2x202420252026
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 3.8x which is higher than its 3-year average PE of 2.2x.
  • The 3-year average PS ratio of 0.74x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 54% per year over the last three years.
  • Revenues for these companies have grown 51% 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 Market5.11%
Financials3.25%
Banks3.21%
Diversified Banks3.21%
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
GTCO Guaranty Trust Holding₦112.0011.7%
+₦372.7b		76.5%PB1.1x
ZENITHBANK Zenith Bank₦81.4010.0%
+₦303.9b		57.8%PB0.7x
UBA United Bank for Africa₦48.309.3%
+₦181.2b		24.8%PB0.5x
ACCESSCORP Access Holdings₦24.807.8%
+₦93.3b		-11.9%PB0.3x
FIDELITYBK Fidelity Bank₦20.908.0%
+₦77.8b		7.2%PB1x

Latest News

ETI
₦45.00
Ecobank Transnational
7D
-13.3%
1Y
29.7%
ACCESSCORP
₦24.80
Access Holdings
7D
7.8%
1Y
-11.9%

Access Holdings Plc – Strategic Acquisition Update (Proposed 100% Acquisition of Bidvest Bank, South Africa)

Author: Qudus Adebara Transaction Overview Access Holdings Plc has announced that the long-stop date for its proposed acquisition of 100% equity stake in Bidvest Bank (South Africa) by its flagship subsidiary, Access Bank Plc , has expired without completion. Target: Bidvest Bank (South Africa) Proposed Stake: 100% Announcement Date: December 12, 2024 Long-Stop Date: January 26, 2026 Status: Transaction not completed due to unmet conditions (including regulatory approvals) The transaction, which had been progressing through multi-jurisdictional regulatory processes, did not meet all conditions precedent within the stipulated timeline.
STERLINGNG
₦7.95
Sterling Financial Holdings
7D
4.6%
1Y
31.6%

STERLING FINANCIAL HOLDINGS PLC Q3 Result – Strong Earnings Momentum Fueled by Robust Interest Income and Trading Gains

STERLING FINANCIAL HOLDINGS PLC Q3 Result – Strong Earnings Momentum Fueled by Robust Interest Income and Trading Gains Amid Higher Operating Costs Analyst: Qudus Adebara Executive Summary Sterling Financial Holdings Plc delivered a solid performance for the nine months ended September 30, 2025, reporting strong earnings growth driven by improved net interest income, higher fees and commissions, and significant trading and fair-value gains. The Group demonstrated resilience amid tighter macroeconomic liquidity conditions and high inflationary operating costs.
WEMABANK
₦26.00
Wema Bank
7D
4.0%
1Y
116.7%

last Report

Wema Bank Plc – Strong Loan Growth and Profitability Drive Solid 9M 2025 Performance Analyst: Qudus Adebara Executive Summary Wema Bank Plc delivered a robust performance for the nine months ended September 30, 2025, with strong revenue growth, expanded loan book, and improved profitability metrics. The Bank’s financial results reflect strong net interest income, effective cost management, and disciplined credit risk control.
FIRSTHOLDCO
₦48.15
First HoldCo
7D
2.4%
1Y
48.4%
GTCO
₦112.00
Guaranty Trust Holding
7D
11.7%
1Y
76.5%

GTCO: Stable Margins And Board Dividend Agenda Will Support Future Upside

Analysts have nudged their fair value estimate for Guaranty Trust Holding to ₦131.83 from ₦130.00, reflecting updated assumptions around slightly different revenue growth, profit margin and forward P/E inputs. What's in the News Guaranty Trust Holding Company Plc has scheduled a board meeting for January 27, 2026.
ZENITHBANK
₦81.40
Zenith Bank
7D
10.0%
1Y
57.8%

ZENITHBANK: Board Review And Dividend Proposal Will Guide Steady Outlook

Analysts have kept their fair value estimate for Zenith Bank broadly unchanged at $72.01, with only slight adjustments to inputs such as the discount rate, revenue growth, profit margin and future P/E to reflect updated assumptions. What's in the News Zenith Bank has scheduled a Board meeting for January 29, 2026, to review the Group's audited financial statements for the financial year ending December 31, 2025 (Key Developments).
NPFMCRFBK
₦5.60
NPF Microfinance Bank
7D
-6.7%
1Y
207.7%
FIDELITYBK
₦20.90
Fidelity Bank
7D
8.0%
1Y
7.2%
UBA
₦48.30
United Bank for Africa
7D
9.3%
1Y
24.8%