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Nigerian (NSE) Diversified Banks Industry Analysis
UpdatedNov 01, 2025
DataAggregated Company Financials
Companies12
- 7D-2.7%
- 3M-10.8%
- 1Y44.4%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has dropped 4.0%, driven by Zenith Bank declining 6.7%. In contrast, Ecobank Transnational has gained 10%. In the past year, the industry has gained 46%. As for the next few years, earnings are expected to grow by 14% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 01 Nov 2025 | ₦13.4t | ₦14.4t | ₦4.8t | 3.7x | 2.8x | 0.9x |
| Mon, 29 Sep 2025 | ₦11.4t | ₦14.2t | ₦4.7t | 2.7x | 2.4x | 0.8x |
| Wed, 27 Aug 2025 | ₦13.6t | ₦14.6t | ₦5.1t | 3.1x | 2.7x | 0.9x |
| Fri, 25 Jul 2025 | ₦13.4t | ₦14.4t | ₦5.1t | 3x | 2.6x | 0.9x |
| Sun, 22 Jun 2025 | ₦10.5t | ₦14.4t | ₦5.1t | 2.5x | 2.1x | 0.7x |
| Tue, 20 May 2025 | ₦9.8t | ₦14.5t | ₦5.1t | 2.3x | 1.9x | 0.7x |
| Thu, 17 Apr 2025 | ₦8.8t | ₦14.3t | ₦5.2t | 2.4x | 1.7x | 0.6x |
| Sat, 15 Mar 2025 | ₦9.0t | ₦14.0t | ₦5.5t | 2.1x | 1.6x | 0.6x |
| Mon, 10 Feb 2025 | ₦9.5t | ₦13.9t | ₦5.5t | 2.4x | 1.7x | 0.7x |
| Wed, 08 Jan 2025 | ₦7.6t | ₦13.6t | ₦5.3t | 1.8x | 1.4x | 0.6x |
| Fri, 06 Dec 2024 | ₦7.1t | ₦13.8t | ₦5.3t | 1.6x | 1.3x | 0.5x |
| Sun, 03 Nov 2024 | ₦6.8t | ₦13.5t | ₦5.3t | 1.6x | 1.3x | 0.5x |
| Tue, 01 Oct 2024 | ₦6.5t | ₦12.3t | ₦4.8t | 1.7x | 1.3x | 0.5x |
| Thu, 29 Aug 2024 | ₦5.8t | ₦11.3t | ₦4.4t | 1.5x | 1.3x | 0.5x |
| Sat, 27 Jul 2024 | ₦5.6t | ₦11.2t | ₦4.4t | 1.5x | 1.3x | 0.5x |
| Mon, 24 Jun 2024 | ₦5.6t | ₦10.9t | ₦4.4t | 1.5x | 1.3x | 0.5x |
| Wed, 22 May 2024 | ₦5.2t | ₦10.7t | ₦4.2t | 1.3x | 1.2x | 0.5x |
| Fri, 19 Apr 2024 | ₦5.5t | ₦8.6t | ₦3.3t | 1.8x | 1.6x | 0.6x |
| Sun, 17 Mar 2024 | ₦6.6t | ₦8.2t | ₦2.7t | 2.9x | 2.4x | 0.8x |
| Tue, 13 Feb 2024 | ₦6.1t | ₦8.0t | ₦2.7t | 3x | 2.3x | 0.8x |
| Thu, 11 Jan 2024 | ₦6.9t | ₦6.9t | ₦2.5t | 3.6x | 2.8x | 1x |
| Sat, 09 Dec 2023 | ₦5.6t | ₦6.7t | ₦2.4t | 2.7x | 2.3x | 0.8x |
| Mon, 06 Nov 2023 | ₦4.9t | ₦6.7t | ₦2.4t | 2.3x | 2x | 0.7x |
| Wed, 04 Oct 2023 | ₦4.6t | ₦6.1t | ₦2.2t | 2.6x | 2.1x | 0.7x |
| Fri, 01 Sep 2023 | ₦4.5t | ₦5.3t | ₦1.4t | 4.4x | 3.3x | 0.9x |
| Sun, 30 Jul 2023 | ₦4.8t | ₦5.2t | ₦1.3t | 4.5x | 3.6x | 0.9x |
| Tue, 27 Jun 2023 | ₦4.3t | ₦4.9t | ₦1.2t | 4.2x | 3.6x | 0.9x |
| Thu, 25 May 2023 | ₦3.4t | ₦4.4t | ₦1.1t | 3.1x | 3x | 0.8x |
| Sat, 22 Apr 2023 | ₦3.1t | ₦4.3t | ₦1.1t | 3.1x | 2.8x | 0.7x |
| Mon, 20 Mar 2023 | ₦3.0t | ₦4.2t | ₦1.2t | 2.8x | 2.6x | 0.7x |
| Wed, 15 Feb 2023 | ₦3.2t | ₦4.2t | ₦1.2t | 2.9x | 2.7x | 0.8x |
| Fri, 13 Jan 2023 | ₦3.1t | ₦4.1t | ₦1.2t | 2.8x | 2.7x | 0.8x |
| Sun, 11 Dec 2022 | ₦2.8t | ₦4.1t | ₦1.2t | 2.5x | 2.4x | 0.7x |
| Tue, 08 Nov 2022 | ₦2.6t | ₦4.1t | ₦1.2t | 2.3x | 2.2x | 0.6x |
Price to Earnings Ratio
2.2x
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 3.0x which is higher than its 3-year average PE of 2.2x.
- The industry is trading close to its 3-year average PS ratio of 0.72x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 58% per year over the last three years.
- Revenues for these companies have grown 52% 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 | -1.49% | |
| Financials | -1.97% | |
| Banks | -2.68% | |
| Diversified Banks | -2.68% | |
| Regional Banks | -0.25% | |
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 | |
|---|---|---|---|---|---|
| ETI Ecobank Transnational | ₦38.95 | 8.2% +₦72.5b | 61.0% | PB0.4x | |
| FCMB FCMB Group | ₦10.75 | 1.4% +₦6.4b | 17.5% | PB0.6x | |
| JAIZBANK Jaiz Bank | ₦4.50 | 3.0% +₦5.8b | 100.0% | PB2.8x |
