Nigerian (NSE) Industrials Sector Analysis

UpdatedApr 24, 2026

DataAggregated Company Financials

Companies16

7D5.1%
3M61.1%
1Y174.6%
YTD84.0%

Over the last 7 days, the Industrials industry has risen 5.1%, driven by gains from Nigerian Aviation Handling of 21%. This takes the industry's 12 month performance to a gain of 175%.

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
Fri, 24 Apr 2026	₦1.3t	₦1.0t	₦65.5b	17.6x	20.2x	1.3x
Sun, 22 Mar 2026	₦1.2t	₦1.0t	₦68.5b	17.8x	17.4x	1.2x
Tue, 17 Feb 2026	₦1.1t	₦1.0t	₦68.7b	15x	15.7x	1.1x
Thu, 15 Jan 2026	₦740.5b	₦943.2b	₦53.4b	12.7x	13.9x	0.8x
Sat, 13 Dec 2025	₦657.9b	₦943.2b	₦52.7b	11.6x	12.5x	0.7x
Mon, 10 Nov 2025	₦653.5b	₦944.0b	₦53.1b	11.6x	12.3x	0.7x
Wed, 08 Oct 2025	₦658.4b	₦913.9b	₦45.8b	12.3x	14.4x	0.7x
Fri, 05 Sep 2025	₦669.0b	₦913.9b	₦45.9b	12.3x	14.6x	0.7x
Sun, 03 Aug 2025	₦637.6b	₦913.2b	₦46.0b	13.2x	13.9x	0.7x
Tue, 01 Jul 2025	₦531.4b	₦833.8b	₦40.3b	11.3x	13.2x	0.6x
Thu, 29 May 2025	₦531.6b	₦833.7b	₦39.7b	10.1x	13.4x	0.6x
Sat, 26 Apr 2025	₦475.2b	₦760.4b	₦40.9b	10.1x	11.6x	0.6x
Mon, 24 Mar 2025	₦481.7b	₦751.4b	₦41.0b	9.7x	11.8x	0.6x
Wed, 19 Feb 2025	₦473.1b	₦750.8b	₦40.9b	10x	11.6x	0.6x
Fri, 17 Jan 2025	₦444.7b	₦689.4b	₦37.1b	10.1x	12x	0.6x
Sun, 15 Dec 2024	₦428.1b	₦689.4b	₦37.1b	7.7x	11.5x	0.6x
Tue, 12 Nov 2024	₦456.1b	₦686.7b	₦37.0b	7.6x	12.3x	0.7x
Thu, 10 Oct 2024	₦430.4b	₦608.4b	₦32.4b	7.2x	13.3x	0.7x
Sat, 07 Sep 2024	₦444.5b	₦608.1b	₦32.4b	9x	13.7x	0.7x
Mon, 05 Aug 2024	₦317.3b	₦605.5b	₦32.4b	8.1x	9.8x	0.5x
Wed, 03 Jul 2024	₦313.2b	₦580.7b	₦32.1b	10.7x	9.8x	0.5x
Fri, 31 May 2024	₦282.4b	₦578.2b	₦31.6b	10.7x	8.9x	0.5x
Sun, 28 Apr 2024	₦244.6b	₦590.4b	₦21.1b	11.8x	11.6x	0.4x
Tue, 26 Mar 2024	₦248.1b	₦588.6b	₦21.2b	10.4x	11.7x	0.4x
Thu, 22 Feb 2024	₦239.8b	₦588.6b	₦21.2b	10.9x	11.3x	0.4x
Sat, 20 Jan 2024	₦254.0b	₦582.8b	₦20.1b	13.4x	12.6x	0.4x
Mon, 18 Dec 2023	₦190.5b	₦582.4b	₦20.2b	9.8x	9.4x	0.3x
Wed, 15 Nov 2023	₦189.1b	₦582.0b	₦20.1b	10.5x	9.4x	0.3x
Fri, 13 Oct 2023	₦183.5b	₦569.8b	₦19.2b	10.5x	9.6x	0.3x
Sun, 10 Sep 2023	₦187.2b	₦570.0b	₦19.1b	10.7x	9.8x	0.3x
Tue, 08 Aug 2023	₦170.3b	₦569.8b	₦19.1b	10.2x	8.9x	0.3x
Thu, 06 Jul 2023	₦149.6b	₦546.8b	₦11.7b	10.9x	12.8x	0.3x
Sat, 03 Jun 2023	₦131.5b	₦547.0b	₦11.8b	8.7x	11.1x	0.2x
Mon, 01 May 2023	₦118.8b	₦544.7b	₦13.0b	8.8x	9.1x	0.2x

Price to Earnings Ratio

9.1x

Mon, 01 May 2023

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 20.2x which is higher than its 3-year average PE of 12.2x.

The 3-year average PS ratio of 0.58x 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 71% 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	6.07%
Industrials	5.08%
Infrastructure	14.03%
Logistics	5.40%
Commercial Services	3.20%
Industrials	0%	0
Machinery	0%	0
Airlines	0%	0
Trade Distributors	-0.77%
Electrical	-2.20%
Construction	-3.62%
Transportation	-8.65%

Industry PE

Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 30.8x.

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
NAHCO Nigerian Aviation Handling	₦242.00	21.0% +₦81.9b	253.3%	PE26.9x
TRANSEXPR Trans-Nationwide Express	₦8.71	58.4% +₦1.6b	335.5%	PS22x
TIP Initiates	₦21.45	7.8% +₦1.4b	375.6%	PE5.6x