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Nigerian (NSE) Healthcare Sector Analysis

UpdatedSep 18, 2025
DataAggregated Company Financials
Companies5
  • 7D0.9%
  • 3M33.5%
  • 1Y178.3%
  • YTD101.5%

Last week, the Healthcare industry hasn't moved much but May & Baker Nigeria is up 7.7% in that time. As for the the longer term, the industry is up 180% over the past 12 months.

Sector Valuation and Performance

Has the Nigerian Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Sep 2025₦245.0b₦149.5b₦11.8b11.2x20.8x1.6x
Sat, 16 Aug 2025₦241.7b₦148.8b₦11.8b11.5x20.5x1.6x
Mon, 14 Jul 2025₦233.3b₦137.4b₦9.3b14.2x25.2x1.7x
Wed, 11 Jun 2025₦158.5b₦137.4b₦9.3b10.3x17.1x1.2x
Fri, 09 May 2025₦117.5b₦132.3b₦10.1b7.4x11.6x0.9x
Sun, 06 Apr 2025₦106.1b₦113.1b₦6.7b8.6x15.9x0.9x
Tue, 04 Mar 2025₦110.7b₦113.1b₦6.7b8.5x16.4x1x
Thu, 30 Jan 2025₦126.8b₦103.4b₦3.8b9.3x33.8x1.2x
Sat, 28 Dec 2024₦107.7b₦103.4b₦3.8b8.5x28.7x1x
Mon, 25 Nov 2024₦101.3b₦103.4b₦3.8b8x27x1x
Wed, 23 Oct 2024₦107.7b₦92.5b₦2.0b10.8x54x1.2x
Fri, 20 Sep 2024₦90.6b₦92.5b₦2.0b10.3x45.4x1x
Sun, 18 Aug 2024₦93.1b₦92.5b₦2.0b10.1x46.7x1x
Tue, 16 Jul 2024₦94.2b₦84.8b₦2.1b8.7x44x1.1x
Thu, 13 Jun 2024₦91.1b₦84.8b₦2.1b8.4x42.6x1.1x
Sat, 11 May 2024₦97.7b₦84.6b₦1.9b9.6x52.2x1.2x
Mon, 08 Apr 2024₦97.3b₦75.0b₦1.7b11.3x57.8x1.3x
Wed, 06 Mar 2024₦95.1b₦75.0b₦1.7b10x56.4x1.3x
Fri, 02 Feb 2024₦125.1b₦90.5b₦3.9b12.3x32x1.4x
Sun, 31 Dec 2023₦129.6b₦85.6b₦4.7b11.7x27.4x1.5x
Tue, 28 Nov 2023₦118.8b₦85.6b₦4.7b11.8x25.1x1.4x
Thu, 26 Oct 2023₦68.9b₦82.7b₦5.7b8.1x12x0.8x
Sat, 23 Sep 2023₦68.3b₦82.7b₦5.7b8.2x11.9x0.8x
Mon, 21 Aug 2023₦66.4b₦83.1b₦6.1b8.2x10.9x0.8x
Wed, 19 Jul 2023₦64.7b₦81.7b₦6.1b7.8x10.6x0.8x
Fri, 16 Jun 2023₦54.3b₦81.7b₦6.1b6x8.9x0.7x
Sun, 14 May 2023₦47.8b₦81.7b₦6.1b5x7.8x0.6x
Tue, 11 Apr 2023₦47.0b₦83.3b₦6.1b5.3x7.7x0.6x
Thu, 09 Mar 2023₦48.9b₦84.2b₦5.9b5.5x8.3x0.6x
Sat, 04 Feb 2023₦45.4b₦84.2b₦5.9b5.5x7.7x0.5x
Mon, 02 Jan 2023₦42.0b₦84.7b₦6.9b4.6x6.1x0.5x
Wed, 30 Nov 2022₦40.6b₦84.7b₦6.9b4.2x5.9x0.5x
Fri, 28 Oct 2022₦40.4b₦82.6b₦6.8b6.8x6x0.5x
Sun, 25 Sep 2022₦43.4b₦82.6b₦6.8b7.1x6.4x0.5x
Price to Earnings Ratio

6.4x


Total Market Cap: ₦43.4bTotal Earnings: ₦6.8bTotal Revenue: ₦82.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Healthcare Sector Price to Earnings3Y Average 23.8x202320242025
Current Industry PE
  • Investors are pessimistic on the Nigerian Healthcare industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 20.8x which is lower than its 3-year average PE of 23.8x.
  • The 3-year average PS ratio of 0.98x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 20% per year over the last three years.
  • Revenues for these companies have grown 22% 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 Healthcare sector?

NG Market1.59%
Healthcare0.89%
Pharma0.90%
Healthcare Services0%0
Industry PE
  • Investors are most optimistic about the Pharma industry even though it's trading below its 3-year average PE ratio of 23.0x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Pharma industry, which is trading below its 3-year average of 23.0x.
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?

CompanyLast Price7D1YValuation
MAYBAKER May & Baker Nigeria₦17.507.7%
+₦2.2b		150.0%PE12.9x

Latest News

MAYBAKER
₦17.50
May & Baker Nigeria
7D
7.7%
1Y
150.0%