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Nigerian (NSE) Capital Markets Industry Analysis
UpdatedMar 15, 2026
DataAggregated Company Financials
Companies4
- 7D6.1%
- 3M52.2%
- 1Y61.9%
- YTD37.1%
The Capital Markets industry is up 11% in the last week, with Nigerian Exchange Group up 17%. In the last 12 months, the industry was up 64%.
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 |
|---|---|---|---|---|---|---|
| Sun, 15 Mar 2026 | ₦871.0b | ₦168.2b | ₦48.4b | 18.1x | 18x | 5.2x |
| Tue, 10 Feb 2026 | ₦739.2b | ₦153.2b | ₦52.4b | 15.6x | 14.1x | 4.8x |
| Thu, 08 Jan 2026 | ₦667.2b | ₦160.6b | ₦53.0b | 12.4x | 12.6x | 4.2x |
| Sat, 06 Dec 2025 | ₦571.8b | ₦160.6b | ₦53.0b | 10.3x | 10.8x | 3.6x |
| Mon, 03 Nov 2025 | ₦600.7b | ₦172.6b | ₦53.1b | 10.7x | 11.3x | 3.5x |
| Wed, 01 Oct 2025 | ₦615.1b | ₦145.4b | ₦50.7b | 11.4x | 12.1x | 4.2x |
| Fri, 29 Aug 2025 | ₦621.2b | ₦145.4b | ₦50.7b | 11.4x | 12.3x | 4.3x |
| Sun, 27 Jul 2025 | ₦721.2b | ₦131.1b | ₦46.4b | 15.4x | 15.6x | 5.5x |
| Tue, 24 Jun 2025 | ₦617.5b | ₦98.2b | ₦47.8b | 13.2x | 12.9x | 6.3x |
| Thu, 22 May 2025 | ₦604.7b | ₦98.0b | ₦47.8b | 13.5x | 12.7x | 6.2x |
| Sat, 19 Apr 2025 | ₦527.8b | ₦87.3b | ₦43.5b | 13.6x | 12.1x | 6x |
| Mon, 17 Mar 2025 | ₦537.9b | ₦87.3b | ₦43.5b | 11x | 12.4x | 6.2x |
| Wed, 12 Feb 2025 | ₦599.6b | ₦69.8b | ₦36.4b | 14.9x | 16.5x | 8.6x |
| Fri, 10 Jan 2025 | ₦568.9b | ₦55.7b | ₦29.3b | 27.9x | 19.4x | 10.2x |
| Sun, 08 Dec 2024 | ₦457.1b | ₦55.7b | ₦29.3b | 16.1x | 15.6x | 8.2x |
| Tue, 05 Nov 2024 | ₦447.5b | ₦45.9b | ₦24.2b | 12.8x | 18.5x | 9.8x |
| Thu, 03 Oct 2024 | ₦454.3b | ₦45.6b | ₦19.7b | 14.9x | 23.1x | 10x |
| Sat, 31 Aug 2024 | ₦438.7b | ₦45.6b | ₦19.7b | 13.7x | 22.3x | 9.6x |
| Mon, 29 Jul 2024 | ₦342.5b | ₦41.7b | ₦19.7b | 14.3x | 17.4x | 8.2x |
| Wed, 26 Jun 2024 | ₦239.4b | ₦32.4b | ₦19.9b | 10.4x | 12x | 7.4x |
| Fri, 24 May 2024 | ₦207.4b | ₦32.4b | ₦19.9b | 8.5x | 10.4x | 6.4x |
| Sun, 21 Apr 2024 | ₦206.0b | ₦30.7b | ₦18.9b | 9x | 10.9x | 6.7x |
| Tue, 19 Mar 2024 | ₦240.5b | ₦41.7b | ₦16.7b | 12.8x | 14.4x | 5.8x |
| Thu, 15 Feb 2024 | ₦246.7b | ₦43.8b | ₦13.2b | 14.8x | 18.7x | 5.6x |
| Sat, 13 Jan 2024 | ₦265.9b | ₦43.8b | ₦13.2b | 16.7x | 20.1x | 6.1x |
| Mon, 11 Dec 2023 | ₦208.6b | ₦43.8b | ₦13.2b | 12.3x | 15.8x | 4.8x |
| Wed, 08 Nov 2023 | ₦200.6b | ₦44.2b | ₦13.4b | 12.5x | 14.9x | 4.5x |
| Fri, 06 Oct 2023 | ₦172.0b | ₦38.3b | ₦11.2b | 14.8x | 15.4x | 4.5x |
| Sun, 03 Sep 2023 | ₦160.7b | ₦38.3b | ₦11.2b | 12.4x | 14.3x | 4.2x |
| Tue, 01 Aug 2023 | ₦152.3b | ₦39.2b | ₦11.2b | 13.2x | 13.6x | 3.9x |
| Thu, 29 Jun 2023 | ₦171.3b | ₦39.2b | ₦11.9b | 10.9x | 14.4x | 4.4x |
| Sat, 27 May 2023 | ₦152.8b | ₦39.2b | ₦11.9b | 8.8x | 12.8x | 3.9x |
| Mon, 24 Apr 2023 | ₦140.2b | ₦39.2b | ₦12.0b | 7.2x | 11.7x | 3.6x |
| Wed, 22 Mar 2023 | ₦146.8b | ₦35.5b | ₦11.8b | 7.9x | 12.4x | 4.1x |
Price to Earnings Ratio
12.4x
Current Industry PE
- Investors are optimistic on the Nigerian Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 18.5x which is higher than its 3-year average PE of 14.7x.
- The industry is trading close to its 3-year average PS ratio of 5.9x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 60% per year over the last three years.
- Revenues for these companies have grown 64% 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 | 0.89% | |
| Financials | -0.96% | |
| Capital Markets | 6.12% | |
| Financial Exchanges and Data | 16.93% | |
| Asset Management | 5.93% | |
| Investment Banking and Brokerage | -2.86% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 33.1x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Investment Banking and Brokerage industry, which is trading close to its 3-year average of 13.3x.
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 | ₦176.50 | 16.9% +₦56.3b | 472.1% | PE37.1x | |
| VFDGROUP VFD Group | ₦12.50 | 5.9% +₦5.3b | 58.9% | PE13.4x | |
| AFRIPRUD Africa Prudential | ₦15.50 | 2.0% +₦1.2b | -10.1% | PE22.8x | |
| DEAPCAP DEAP Capital Management & Trust | ₦7.00 | 6.1% +₦600.0m | 660.9% | PS790.5x |