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Nigerian (NSE) Industrials Sector Analysis
UpdatedMar 02, 2026
DataAggregated Company Financials
Companies17
- 7D-0.3%
- 3M78.0%
- 1Y161.2%
- YTD67.6%
Over the last 7 days, the Industrials industry has remained flat, although notably Red Star Express gained 6.5%. The past year has been better, since the industry has gained 161% in that time.
Sector Valuation and Performance
Has the Nigerian Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 03 Mar 2026 | ₦1.2t | ₦1.0t | ₦69.0b | 17.6x | 17.5x | 1.2x |
| Thu, 29 Jan 2026 | ₦852.9b | ₦943.2b | ₦53.4b | 13.6x | 16x | 0.9x |
| Sat, 27 Dec 2025 | ₦673.1b | ₦943.2b | ₦52.7b | 11.6x | 12.8x | 0.7x |
| Mon, 24 Nov 2025 | ₦650.7b | ₦943.4b | ₦52.8b | 11.3x | 12.3x | 0.7x |
| Wed, 22 Oct 2025 | ₦693.7b | ₦913.9b | ₦45.8b | 12.5x | 15.1x | 0.8x |
| Fri, 19 Sep 2025 | ₦685.0b | ₦913.9b | ₦45.9b | 12.3x | 14.9x | 0.7x |
| Sun, 17 Aug 2025 | ₦682.1b | ₦914.0b | ₦46.1b | 11.7x | 14.8x | 0.7x |
| Tue, 15 Jul 2025 | ₦598.4b | ₦854.2b | ₦38.8b | 14.8x | 15.4x | 0.7x |
| Thu, 12 Jun 2025 | ₦502.6b | ₦833.8b | ₦40.3b | 10.1x | 12.5x | 0.6x |
| Sat, 10 May 2025 | ₦529.6b | ₦832.8b | ₦39.4b | 9.1x | 13.4x | 0.6x |
| Mon, 07 Apr 2025 | ₦479.9b | ₦751.9b | ₦40.4b | 10.2x | 11.9x | 0.6x |
| Wed, 05 Mar 2025 | ₦461.6b | ₦751.4b | ₦41.0b | 9.7x | 11.3x | 0.6x |
| Fri, 31 Jan 2025 | ₦448.2b | ₦689.8b | ₦37.3b | 9.7x | 12x | 0.6x |
| Sun, 29 Dec 2024 | ₦455.3b | ₦689.4b | ₦37.1b | 9.7x | 12.3x | 0.7x |
| Tue, 26 Nov 2024 | ₦461.0b | ₦686.7b | ₦37.0b | 7.7x | 12.5x | 0.7x |
| Thu, 24 Oct 2024 | ₦429.8b | ₦608.7b | ₦32.5b | 7.2x | 13.2x | 0.7x |
| Sat, 21 Sep 2024 | ₦393.3b | ₦608.1b | ₦32.4b | 8.5x | 12.1x | 0.6x |
| Mon, 19 Aug 2024 | ₦374.1b | ₦606.7b | ₦32.1b | 8.2x | 11.6x | 0.6x |
| Wed, 17 Jul 2024 | ₦296.7b | ₦580.9b | ₦32.6b | 11x | 9.1x | 0.5x |
| Fri, 14 Jun 2024 | ₦290.7b | ₦580.7b | ₦32.1b | 10.7x | 9.1x | 0.5x |
| Sun, 12 May 2024 | ₦269.3b | ₦598.6b | ₦30.7b | 11.4x | 8.8x | 0.4x |
| Tue, 09 Apr 2024 | ₦246.7b | ₦586.6b | ₦21.0b | 10.5x | 11.8x | 0.4x |
| Thu, 07 Mar 2024 | ₦238.6b | ₦588.6b | ₦21.2b | 10.7x | 11.3x | 0.4x |
| Sat, 03 Feb 2024 | ₦244.8b | ₦588.0b | ₦21.0b | 11.4x | 11.6x | 0.4x |
| Mon, 01 Jan 2024 | ₦206.0b | ₦582.4b | ₦20.2b | 10.5x | 10.2x | 0.4x |
| Wed, 29 Nov 2023 | ₦188.0b | ₦582.0b | ₦20.1b | 10.5x | 9.4x | 0.3x |
| Fri, 27 Oct 2023 | ₦188.4b | ₦567.4b | ₦19.2b | 10.5x | 9.8x | 0.3x |
| Sun, 24 Sep 2023 | ₦181.2b | ₦569.9b | ₦19.2b | 10.4x | 9.4x | 0.3x |
| Tue, 22 Aug 2023 | ₦171.1b | ₦569.8b | ₦19.1b | 9.7x | 8.9x | 0.3x |
| Thu, 20 Jul 2023 | ₦148.3b | ₦546.7b | ₦11.6b | 11.1x | 12.8x | 0.3x |
| Sat, 17 Jun 2023 | ₦133.8b | ₦546.8b | ₦11.7b | 10.9x | 11.4x | 0.2x |
| Mon, 15 May 2023 | ₦125.0b | ₦547.0b | ₦11.8b | 8.9x | 10.6x | 0.2x |
| Wed, 12 Apr 2023 | ₦114.4b | ₦544.4b | ₦12.9b | 7.4x | 8.9x | 0.2x |
| Fri, 10 Mar 2023 | ₦111.3b | ₦541.5b | ₦14.2b | 7.7x | 7.8x | 0.2x |
Price to Earnings Ratio
7.8x
Current Industry PE
- Investors are optimistic on the Nigerian Industrials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 17.5x which is higher than its 3-year average PE of 11.7x.
- The 3-year average PS ratio of 0.53x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 69% per year over the last three years.
- Revenues for these companies have grown 24% 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 Industrials sector?
| NG Market | -1.91% | |
| Industrials | -0.34% | |
| Logistics | 6.62% | |
| Construction | 4.99% | |
| Commercial Services | 2.78% | |
| Trade Distributors | 2.74% | |
| Machinery | 0% | 0 |
| Airlines | 0% | 0 |
| Industrials | -0.97% | |
| Electrical | -1.59% | |
| Infrastructure | -4.20% | |
| Transportation | -25.00% | |
Industry PE
- Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 20.8x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
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 | |
|---|---|---|---|---|---|
| REDSTAREX Red Star Express | ₦31.95 | 6.5% +₦1.9b | 384.1% | PE34.9x | |
| TIP Initiates | ₦18.60 | 6.0% +₦934.5m | 359.3% | PE4.9x | |
| TRANSEXPR Trans-Nationwide Express | ₦2.36 | 9.8% +₦104.6m | 18.0% | PS6.1x |