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Nigerian (NSE) Industrials Sector Analysis

UpdatedMay 11, 2026
DataAggregated Company Financials
Companies15
  • 7D0.05%
  • 3M22.2%
  • 1Y152.0%
  • YTD84.9%

The Industrials is pretty flat in the last 7 days, but Initiates has stood out, gaining 20%. As for the the longer term, the industry is up 152% over the past 12 months.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 11 May 2026₦1.3t₦1.0t₦64.8b20.3x19.6x1.2x
Wed, 08 Apr 2026₦1.2t₦1.0t₦68.5b17.7x18x1.2x
Fri, 06 Mar 2026₦1.2t₦1.0t₦68.5b17.6x17.5x1.2x
Sun, 01 Feb 2026₦863.8b₦1.0t₦68.7b13x12.6x0.8x
Tue, 30 Dec 2025₦672.4b₦943.2b₦52.7b11.5x12.8x0.7x
Thu, 27 Nov 2025₦667.6b₦943.4b₦52.8b11.7x12.6x0.7x
Sat, 25 Oct 2025₦721.9b₦913.9b₦45.8b13.5x15.8x0.8x
Mon, 22 Sep 2025₦681.8b₦913.9b₦45.9b12.3x14.9x0.7x
Wed, 20 Aug 2025₦682.4b₦914.0b₦46.1b12x14.8x0.7x
Fri, 18 Jul 2025₦597.2b₦854.2b₦38.8b14.8x15.4x0.7x
Sun, 15 Jun 2025₦504.3b₦833.8b₦40.3b10.2x12.5x0.6x
Tue, 13 May 2025₦514.0b₦832.8b₦39.4b9.4x13x0.6x
Thu, 10 Apr 2025₦464.6b₦752.3b₦40.9b9.7x11.4x0.6x
Sat, 08 Mar 2025₦466.6b₦751.4b₦41.0b9.9x11.4x0.6x
Mon, 03 Feb 2025₦459.1b₦741.7b₦37.3b10.6x12.3x0.6x
Wed, 01 Jan 2025₦454.7b₦689.4b₦37.1b9.7x12.3x0.7x
Fri, 29 Nov 2024₦456.1b₦688.0b₦37.3b7.6x12.2x0.7x
Sun, 27 Oct 2024₦430.8b₦609.9b₦32.6b7.2x13.2x0.7x
Tue, 24 Sep 2024₦393.3b₦608.1b₦32.4b8.5x12.1x0.6x
Thu, 22 Aug 2024₦381.9b₦606.7b₦32.1b9x11.9x0.6x
Sat, 20 Jul 2024₦311.3b₦580.9b₦32.6b11x9.5x0.5x
Mon, 17 Jun 2024₦291.2b₦580.7b₦32.1b10.7x9.1x0.5x
Wed, 15 May 2024₦265.2b₦598.6b₦30.7b11.4x8.6x0.4x
Fri, 12 Apr 2024₦246.7b₦586.6b₦21.1b10.5x11.7x0.4x
Sun, 10 Mar 2024₦237.6b₦588.6b₦21.2b10.9x11.2x0.4x
Tue, 06 Feb 2024₦243.7b₦588.6b₦21.2b10.9x11.5x0.4x
Thu, 04 Jan 2024₦210.5b₦582.4b₦20.2b11x10.4x0.4x
Sat, 02 Dec 2023₦188.5b₦582.4b₦20.2b10.1x9.3x0.3x
Mon, 30 Oct 2023₦188.3b₦582.4b₦21.1b10.6x8.9x0.3x
Wed, 27 Sep 2023₦180.6b₦569.9b₦19.2b10.3x9.4x0.3x
Fri, 25 Aug 2023₦172.1b₦569.8b₦19.1b9.2x9x0.3x
Sun, 23 Jul 2023₦154.1b₦557.4b₦16.6b11.3x9.3x0.3x
Tue, 20 Jun 2023₦133.8b₦546.8b₦11.7b11.3x11.4x0.2x
Thu, 18 May 2023₦128.8b₦547.0b₦11.8b8.8x10.9x0.2x
Price to Earnings Ratio

10.9x


Total Market Cap: ₦128.8bTotal Earnings: ₦11.8bTotal Revenue: ₦547.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Industrials Sector Price to Earnings3Y Average 12.3x202420252026
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 19.6x which is higher than its 3-year average PE of 12.3x.
  • The 3-year average PS ratio of 0.60x 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 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-0.071%
Industrials0.053%
Commercial Services14.03%
Transportation9.62%
Industrials9.51%
Trade Distributors8.53%
Electrical1.71%
Construction0%0
Machinery0%0
Airlines0%0
Infrastructure-1.10%
Logistics-9.84%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 34.0x.
    • 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?

CompanyLast Price7D1YValuation
TIP Initiates₦35.9021.7%
+₦5.7b		431.9%PE7.6x
ABCTRANS ABC Transport₦5.709.6%
+₦1.2b		83.9%PE14.1x
CUTIX Cutix₦3.214.9%
+₦1.1b		26.4%PE101.1x
JOHNHOLT John Holt₦17.5015.1%
+₦895.0m		233.3%PS4.6x

Latest News

ABCTRANS
₦5.70
ABC Transport
7D
9.6%
1Y
83.9%
Narrative Update • May 10

ABC Transport Plc Delivers Strong Q4 2025 Earnings Growth Driven by Revenue Expansion and Improved Operating Leverage

Analyst: Qudus Adebara Executive Summary ABC Transport Plc recorded a strong performance for the fourth quarter ended December 31, 2025, supported by robust revenue growth across its core transport, haulage, and franchise operations, improved gross margins, and effective cost management despite elevated operating and financing costs. The Group benefited from higher passenger volumes, increased haulage activities, and stronger franchise income, which more than offset rising administrative expenses and finance costs.
REDSTAREX
₦25.05
Red Star Express
7D
-11.0%
1Y
351.4%
SKYAVN
₦130.75
Skyway Aviation Handling
7D
-8.6%
1Y
116.1%
TIP
₦35.90
Initiates
7D
21.7%
1Y
431.9%
Narrative Update • May 07

The Initiates Plc Delivers Exceptional FY 2025 Earnings Growth Driven by Revenue Expansion and Associate Contributions

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) The Initiates Plc recorded an outstanding financial performance for the year ended 31 December 2025, driven by strong revenue expansion, improved operating efficiency, and contributions from its foreign associate. Revenue surged by 151% YoY to ₦11.70 billion, supported primarily by significant growth in the Kwale operational base.
CILEASING
₦7.00
C & I Leasing
7D
-0.7%
1Y
81.3%
JOHNHOLT
₦17.50
John Holt
7D
15.1%
1Y
233.3%
NAHCO
₦203.95
Nigerian Aviation Handling
7D
2.7%
1Y
210.8%
CUTIX
₦3.21
Cutix
7D
4.9%
1Y
26.4%