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Nigerian (NSE) Diversified Banks Industry Analysis
UpdatedNov 03, 2025
DataAggregated Company Financials
Companies12
- 7D-0.2%
- 3M-9.9%
- 1Y43.0%
- YTDn/a
The Diversified Banks is pretty flat in the last 7 days, but Ecobank Transnational has stood out, gaining 8.3%. As for the the longer term, the industry is up 43% over the past 12 months. 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 |
|---|---|---|---|---|---|---|
| Mon, 03 Nov 2025 | ₦13.4t | ₦14.7t | ₦4.8t | 3.7x | 2.8x | 0.9x |
| Wed, 01 Oct 2025 | ₦11.4t | ₦14.2t | ₦4.7t | 2.7x | 2.4x | 0.8x |
| Fri, 29 Aug 2025 | ₦13.4t | ₦14.6t | ₦5.1t | 3x | 2.6x | 0.9x |
| Sun, 27 Jul 2025 | ₦13.5t | ₦14.3t | ₦5.1t | 3x | 2.7x | 0.9x |
| Tue, 24 Jun 2025 | ₦10.6t | ₦14.4t | ₦5.1t | 2.6x | 2.1x | 0.7x |
| Thu, 22 May 2025 | ₦9.6t | ₦14.4t | ₦5.1t | 2.3x | 1.9x | 0.7x |
| Sat, 19 Apr 2025 | ₦9.0t | ₦14.2t | ₦5.2t | 2.4x | 1.7x | 0.6x |
| Mon, 17 Mar 2025 | ₦9.0t | ₦14.0t | ₦5.5t | 2.1x | 1.6x | 0.6x |
| Wed, 12 Feb 2025 | ₦9.3t | ₦13.9t | ₦5.5t | 2.4x | 1.7x | 0.7x |
| Fri, 10 Jan 2025 | ₦7.7t | ₦13.7t | ₦5.3t | 1.8x | 1.5x | 0.6x |
| Sun, 08 Dec 2024 | ₦7.2t | ₦13.8t | ₦5.3t | 1.7x | 1.3x | 0.5x |
| Tue, 05 Nov 2024 | ₦6.9t | ₦13.5t | ₦5.3t | 1.6x | 1.3x | 0.5x |
| Thu, 03 Oct 2024 | ₦6.5t | ₦12.3t | ₦4.7t | 1.9x | 1.4x | 0.5x |
| Sat, 31 Aug 2024 | ₦5.8t | ₦11.3t | ₦4.4t | 1.5x | 1.3x | 0.5x |
| Mon, 29 Jul 2024 | ₦5.6t | ₦11.2t | ₦4.4t | 1.5x | 1.3x | 0.5x |
| Wed, 26 Jun 2024 | ₦5.5t | ₦11.1t | ₦4.4t | 1.5x | 1.2x | 0.5x |
| Fri, 24 May 2024 | ₦5.0t | ₦10.6t | ₦4.2t | 1.4x | 1.2x | 0.5x |
| Sun, 21 Apr 2024 | ₦5.4t | ₦8.6t | ₦3.3t | 1.8x | 1.6x | 0.6x |
| Tue, 19 Mar 2024 | ₦6.7t | ₦8.1t | ₦2.7t | 2.9x | 2.5x | 0.8x |
| Thu, 15 Feb 2024 | ₦6.1t | ₦8.0t | ₦2.7t | 3x | 2.3x | 0.8x |
| Sat, 13 Jan 2024 | ₦7.1t | ₦6.9t | ₦2.5t | 3.7x | 2.9x | 1x |
| Mon, 11 Dec 2023 | ₦5.6t | ₦6.7t | ₦2.4t | 2.7x | 2.3x | 0.8x |
| Wed, 08 Nov 2023 | ₦5.0t | ₦6.7t | ₦2.4t | 2.5x | 2.1x | 0.7x |
| Fri, 06 Oct 2023 | ₦4.6t | ₦6.1t | ₦2.2t | 2.6x | 2.1x | 0.8x |
| Sun, 03 Sep 2023 | ₦4.8t | ₦5.5t | ₦1.6t | 3.9x | 3.1x | 0.9x |
| Tue, 01 Aug 2023 | ₦4.7t | ₦5.2t | ₦1.4t | 4.2x | 3.4x | 0.9x |
| Thu, 29 Jun 2023 | ₦4.4t | ₦4.9t | ₦1.2t | 4.3x | 3.8x | 0.9x |
| Sat, 27 May 2023 | ₦3.5t | ₦4.4t | ₦1.1t | 3.2x | 3.1x | 0.8x |
| Mon, 24 Apr 2023 | ₦3.1t | ₦4.3t | ₦1.1t | 3.1x | 2.8x | 0.7x |
| Wed, 22 Mar 2023 | ₦3.1t | ₦4.2t | ₦1.2t | 2.8x | 2.6x | 0.7x |
| Fri, 17 Feb 2023 | ₦3.2t | ₦4.2t | ₦1.2t | 2.9x | 2.7x | 0.8x |
| Sun, 15 Jan 2023 | ₦3.2t | ₦4.1t | ₦1.2t | 2.8x | 2.7x | 0.8x |
| Tue, 13 Dec 2022 | ₦2.8t | ₦4.1t | ₦1.2t | 2.5x | 2.4x | 0.7x |
| Thu, 10 Nov 2022 | ₦2.6t | ₦4.1t | ₦1.2t | 2.4x | 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 2.8x 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 60% per year over the last three years.
- Revenues for these companies have grown 53% 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 | -0.64% | |
| Financials | -0.088% | |
| Banks | -0.20% | |
| Diversified Banks | -0.20% | |
| 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 | ₦39.00 | 8.3% +₦73.8b | 61.2% | PB0.4x | |
| FIDELITYBK Fidelity Bank | ₦19.10 | 1.3% +₦12.6b | 32.6% | PB1x | |
| UBA United Bank for Africa | ₦40.50 | 0.7% +₦12.3b | 27.0% | PB0.4x | |
| STERLINGNG Sterling Financial Holdings | ₦7.85 | 1.9% +₦7.8b | 57.6% | PB1x | |
| JAIZBANK Jaiz Bank | ₦4.41 | 1.4% +₦2.7b | 87.7% | PB2.9x |