Have your own idea? Try our Stock Screener
Nigerian (NSE) Capital Markets Industry Analysis
UpdatedAug 14, 2025
DataAggregated Company Financials
Companies5
- 7D0.6%
- 3M13.1%
- 1Y67.3%
- YTD18.4%
Over the last 7 days, the Capital Markets industry has dropped 4.0%, driven by a pullback from United Capital of 5.0%. Meanwhile, DEAP Capital Management & Trust actually outperformed within the industry, gaining 23% in the last week. This takes the industry's 12 month performance to a gain of 63%.
Industry Valuation and Performance
Has the Nigerian Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 14 Aug 2025 | ₦670.5b | ₦145.4b | ₦50.7b | 12.7x | 13.2x | 4.6x |
| Sat, 12 Jul 2025 | ₦690.5b | ₦131.1b | ₦46.4b | 14.3x | 14.9x | 5.3x |
| Mon, 09 Jun 2025 | ₦631.1b | ₦98.2b | ₦47.8b | 14.2x | 13.2x | 6.4x |
| Wed, 07 May 2025 | ₦602.2b | ₦94.2b | ₦46.9b | 14.5x | 12.8x | 6.4x |
| Fri, 04 Apr 2025 | ₦469.9b | ₦87.3b | ₦43.5b | 9.9x | 10.8x | 5.4x |
| Sun, 02 Mar 2025 | ₦602.9b | ₦69.8b | ₦36.4b | 14.9x | 16.6x | 8.6x |
| Tue, 28 Jan 2025 | ₦574.2b | ₦55.7b | ₦29.3b | 28.4x | 19.6x | 10.3x |
| Thu, 26 Dec 2024 | ₦515.1b | ₦55.7b | ₦29.3b | 22.7x | 17.6x | 9.3x |
| Sat, 23 Nov 2024 | ₦433.4b | ₦48.5b | ₦25.4b | 13.4x | 17.1x | 8.9x |
| Mon, 21 Oct 2024 | ₦453.9b | ₦45.8b | ₦24.1b | 13.8x | 18.8x | 9.9x |
| Wed, 18 Sep 2024 | ₦450.7b | ₦45.6b | ₦19.7b | 13.6x | 22.9x | 9.9x |
| Fri, 16 Aug 2024 | ₦392.9b | ₦45.6b | ₦19.7b | 14x | 20x | 8.6x |
| Sun, 14 Jul 2024 | ₦278.9b | ₦38.5b | ₦17.5b | 13.6x | 16x | 7.2x |
| Tue, 11 Jun 2024 | ₦217.9b | ₦32.4b | ₦19.9b | 9x | 10.9x | 6.7x |
| Thu, 09 May 2024 | ₦213.6b | ₦32.4b | ₦19.9b | 8.6x | 10.7x | 6.6x |
| Sat, 06 Apr 2024 | ₦245.4b | ₦41.7b | ₦16.7b | 13.5x | 14.7x | 5.9x |
| Mon, 04 Mar 2024 | ₦227.4b | ₦43.8b | ₦13.2b | 14x | 17.2x | 5.2x |
| Wed, 31 Jan 2024 | ₦244.4b | ₦43.8b | ₦13.2b | 14.3x | 18.5x | 5.6x |
| Fri, 29 Dec 2023 | ₦249.5b | ₦43.8b | ₦13.2b | 13.8x | 18.9x | 5.7x |
| Sun, 26 Nov 2023 | ₦207.0b | ₦43.8b | ₦13.2b | 12.2x | 15.6x | 4.7x |
| Tue, 24 Oct 2023 | ₦211.3b | ₦39.3b | ₦11.7b | 13.5x | 18.1x | 5.4x |
| Thu, 21 Sep 2023 | ₦170.1b | ₦38.3b | ₦11.2b | 13.2x | 15.2x | 4.4x |
| Sat, 19 Aug 2023 | ₦153.2b | ₦38.3b | ₦11.2b | 12.1x | 13.7x | 4x |
| Mon, 17 Jul 2023 | ₦151.0b | ₦38.5b | ₦12.0b | 10.4x | 12.6x | 3.9x |
| Wed, 14 Jun 2023 | ₦159.7b | ₦39.2b | ₦11.9b | 9.9x | 13.4x | 4.1x |
| Fri, 12 May 2023 | ₦147.8b | ₦39.3b | ₦11.9b | 8.4x | 12.4x | 3.8x |
| Sun, 09 Apr 2023 | ₦140.0b | ₦35.5b | ₦11.8b | 8.2x | 11.8x | 3.9x |
| Tue, 07 Mar 2023 | ₦153.6b | ₦38.6b | ₦11.8b | 9.2x | 13x | 4x |
| Thu, 02 Feb 2023 | ₦144.7b | ₦26.5b | ₦13.9b | 33.6x | 10.4x | 5.5x |
| Sat, 31 Dec 2022 | ₦132.9b | ₦26.3b | ₦13.9b | 30.2x | 9.5x | 5x |
| Mon, 28 Nov 2022 | ₦120.1b | ₦26.3b | ₦13.9b | 27.5x | 8.6x | 4.6x |
| Wed, 26 Oct 2022 | ₦113.6b | ₦27.9b | ₦15.6b | 10.5x | 7.3x | 4.1x |
| Fri, 23 Sep 2022 | ₦102.9b | ₦27.1b | ₦15.2b | 9.4x | 6.8x | 3.8x |
| Sun, 21 Aug 2022 | ₦111.5b | ₦27.1b | ₦15.2b | 10.5x | 7.3x | 4.1x |
Price to Earnings Ratio
7.3x
Current Industry PE
- Investors are relatively neutral on the Nigerian Capital Markets industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 14.0x.
- The 3-year average PS ratio of 6.0x is higher than the industry's current PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 49% per year over the last three years.
- Revenues for these companies have grown 75% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Nigerian Financials industry?
| NG Market | 0.83% | |
| Financials | 2.86% | |
| Capital Markets | 0.58% | |
| Financial Exchanges and Data | 9.92% | |
| Investment Banking and Brokerage | -0.47% | |
| Asset Management | -7.79% | |
Industry PE
- Investors are most optimistic about the Investment Banking and Brokerage industry which is trading above its 3-year average PE ratio of 12.1x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Asset Management industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 6.0x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NGXGROUP Nigerian Exchange Group | ₦69.25 | 9.9% +₦13.8b | 223.6% | PE12.7x | |
| AFRIPRUD Africa Prudential | ₦16.05 | 2.6% +₦1.6b | 245.2% | PE27x | |
| DEAPCAP DEAP Capital Management & Trust | ₦1.63 | 22.6% +₦450.0m | 239.6% | n/a |