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Nigerian (NSE) Industrials Sector Analysis

UpdatedMay 23, 2026
DataAggregated Company Financials
Companies15
  • 7D2.1%
  • 3M18.5%
  • 1Y161.7%
  • YTD94.1%

The Industrials industry is up 1.5% in the last week, with Skyway Aviation Handling up 9.8%. This means that the industry has gained 163% over the past year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 May 2026₦1.4t₦1.0t₦65.0b23.8x21.3x1.3x
Mon, 20 Apr 2026₦1.3t₦1.0t₦65.5b17.6x19.5x1.2x
Wed, 18 Mar 2026₦1.2t₦1.0t₦68.5b17.8x17.1x1.1x
Fri, 13 Feb 2026₦1.1t₦1.0t₦68.7b16.1x16x1.1x
Sun, 11 Jan 2026₦738.9b₦943.2b₦53.4b12.8x13.8x0.8x
Tue, 09 Dec 2025₦663.2b₦943.2b₦52.7b11.3x12.6x0.7x
Thu, 06 Nov 2025₦665.0b₦944.0b₦53.2b12.4x12.5x0.7x
Sat, 04 Oct 2025₦649.1b₦913.9b₦45.8b12.2x14.2x0.7x
Mon, 01 Sep 2025₦674.1b₦913.9b₦45.9b12.3x14.7x0.7x
Wed, 30 Jul 2025₦660.0b₦856.6b₦38.1b15.9x17.3x0.8x
Fri, 27 Jun 2025₦553.0b₦833.8b₦40.3b11.4x13.7x0.7x
Sun, 25 May 2025₦519.8b₦833.7b₦39.7b8.9x13.1x0.6x
Tue, 22 Apr 2025₦468.6b₦760.4b₦40.9b9.9x11.4x0.6x
Thu, 20 Mar 2025₦486.0b₦751.4b₦41.0b10x11.9x0.6x
Sat, 15 Feb 2025₦474.8b₦750.8b₦40.9b10.1x11.6x0.6x
Mon, 13 Jan 2025₦461.0b₦670.8b₦36.7b9.2x12.6x0.7x
Wed, 11 Dec 2024₦457.1b₦689.4b₦37.1b7.7x12.3x0.7x
Fri, 08 Nov 2024₦458.2b₦632.2b₦38.9b8.1x11.8x0.7x
Sun, 06 Oct 2024₦409.9b₦608.4b₦32.4b7.9x12.6x0.7x
Tue, 03 Sep 2024₦448.2b₦606.7b₦32.1b9x13.9x0.7x
Thu, 01 Aug 2024₦332.0b₦591.6b₦35.9b9x9.3x0.6x
Sat, 29 Jun 2024₦313.0b₦580.7b₦32.1b10.7x9.8x0.5x
Mon, 27 May 2024₦281.3b₦598.6b₦30.7b10.8x9.2x0.5x
Wed, 24 Apr 2024₦244.3b₦586.6b₦20.4b11.6x12x0.4x
Fri, 22 Mar 2024₦244.1b₦588.6b₦21.2b10.2x11.5x0.4x
Sun, 18 Feb 2024₦236.5b₦588.6b₦21.2b10.5x11.2x0.4x
Tue, 16 Jan 2024₦242.5b₦582.8b₦20.1b13.3x12.1x0.4x
Thu, 14 Dec 2023₦190.4b₦582.4b₦20.2b10x9.4x0.3x
Sat, 11 Nov 2023₦187.1b₦582.5b₦20.1b11x9.3x0.3x
Mon, 09 Oct 2023₦182.6b₦569.9b₦19.2b10.4x9.5x0.3x
Wed, 06 Sep 2023₦185.5b₦570.0b₦19.1b10.3x9.7x0.3x
Fri, 04 Aug 2023₦170.0b₦569.8b₦19.1b10.4x8.9x0.3x
Sun, 02 Jul 2023₦147.2b₦546.8b₦11.7b12x12.6x0.3x
Tue, 30 May 2023₦130.5b₦547.0b₦11.8b9.2x11x0.2x
Price to Earnings Ratio

11x


Total Market Cap: ₦130.5bTotal Earnings: ₦11.8bTotal Revenue: ₦547.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Industrials Sector Price to Earnings3Y Average 12.4x202420252026
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 21.3x which is higher than its 3-year average PE of 12.4x.
  • The 3-year average PS ratio of 0.61x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 76% per year over the last three years.
  • Revenues for these companies have grown 23% 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-0.28%
Industrials2.06%
Transportation44.82%
Commercial Services9.22%
Logistics6.61%
Electrical6.18%
Infrastructure1.85%
Construction0%0
Industrials0%0
Machinery0%0
Airlines0%0
Trade Distributors-2.22%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 36.0x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Trade Distributors industry, which is trading below its 3-year average of 10.3x.
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?

CompanyLast Price7D1YValuation
SKYAVN Skyway Aviation Handling₦156.959.8%
+₦19.0b		136.4%PE25x
ABCTRANS ABC Transport₦9.0844.8%
+₦6.7b		264.7%PE22.5x
EUNISELL Eunisell Interlinked₦209.959.4%
+₦4.3b		1,521.2%PE415.2x
REDSTAREX Red Star Express₦34.959.6%
+₦2.9b		420.9%PE38.1x
ACADEMY Academy Press₦9.1529.8%
+₦1.9b		149.5%PE62.2x

Latest News

ABCTRANS
₦9.08
ABC Transport
7D
44.8%
1Y
264.7%
Narrative Update • May 21

ABC Transport Plc – Launch of Historic & Archive Centre to Preserve Corporate Heritage and Strengthen Brand Legacy

Author: Qudus Adebara ABC Transport Plc has officially unveiled its Historic and Archive Centre at the company’s Corporate Head Office in Owerri, Imo State, marking a major milestone in its 33-year corporate journey and reinforcing its long-term commitment to institutional legacy, innovation, and brand sustainability. The unveiling, which coincided with the birthday celebration of the company’s Founder, Frank Nneji, represents a strategic initiative aimed at preserving the company’s historical achievements, operational evolution, and transformational impact on Nigeria’s transportation and logistics industry.
NAHCO
₦201.90
Nigerian Aviation Handling
7D
-1.5%
1Y
225.0%
Narrative Update • May 21

Nigerian Aviation Handling Company Plc Reports Strong FY 2025 Earnings Growth Driven by Revenue Expansion and Operating Leverage

Analyst: Qudus Adebara Executive Summary Nigerian Aviation Handling Company Plc (“NAHCO”) delivered a strong financial performance for the year ended 31 December 2025, recording consolidated revenue of ₦65.21 billion, representing a 21.8% YoY increase from ₦53.54 billion in FY 2024. The performance was driven by higher aircraft handling volumes, growth in cargo handling activities, and diversification into export commodities such as sesame seeds and raw cashew nuts.
TRIPPLEG
₦3.96
Tripple Gee
7D
-6.2%
1Y
72.2%
ACADEMY
₦9.15
Academy Press
7D
29.8%
1Y
149.5%
SKYAVN
₦156.95
Skyway Aviation Handling
7D
9.8%
1Y
136.4%
CILEASING
₦6.60
C & I Leasing
7D
-2.2%
1Y
61.0%
TIP
₦33.80
Initiates
7D
4.6%
1Y
445.2%
EUNISELL
₦209.95
Eunisell Interlinked
7D
9.4%
1Y
1,521.2%
REDSTAREX
₦34.95
Red Star Express
7D
9.6%
1Y
420.9%
TRANSEXPR
₦5.72
Trans-Nationwide Express
7D
-19.0%
1Y
160.0%
CUTIX
₦3.19
Cutix
7D
-0.3%
1Y
0.6%
AUSTINLAZ
₦4.00
Austin Laz
7D
-3.6%
1Y
94.2%