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Nigerian (NSE) Industrials Sector Analysis
UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies16
- 7D6.1%
- 3M37.4%
- 1Y100.2%
- YTD26.8%
In the last week, the Industrials industry is up 6.7%, with Julius Berger Nigeria up 9.9%. During this same period, the Red Star Express underperformed, falling 18%. This means that the industry has gained 95% over the past year.
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 |
|---|---|---|---|---|---|---|
| Thu, 05 Feb 2026 | ₦904.7b | ₦1.0t | ₦68.7b | 12.9x | 13.2x | 0.9x |
| Sat, 03 Jan 2026 | ₦712.4b | ₦943.2b | ₦52.7b | 12x | 13.5x | 0.8x |
| Mon, 01 Dec 2025 | ₦665.3b | ₦943.0b | ₦52.7b | 11.3x | 12.6x | 0.7x |
| Wed, 29 Oct 2025 | ₦721.1b | ₦914.7b | ₦46.0b | 12.8x | 15.7x | 0.8x |
| Fri, 26 Sep 2025 | ₦679.8b | ₦913.9b | ₦45.9b | 12.1x | 14.8x | 0.7x |
| Sun, 24 Aug 2025 | ₦655.1b | ₦913.9b | ₦46.1b | 12x | 14.2x | 0.7x |
| Tue, 22 Jul 2025 | ₦600.2b | ₦854.2b | ₦38.8b | 14.8x | 15.5x | 0.7x |
| Thu, 19 Jun 2025 | ₦510.2b | ₦833.8b | ₦40.3b | 10.3x | 12.7x | 0.6x |
| Sat, 17 May 2025 | ₦523.5b | ₦833.7b | ₦39.7b | 9.4x | 13.2x | 0.6x |
| Mon, 14 Apr 2025 | ₦469.3b | ₦760.3b | ₦41.0b | 9.9x | 11.5x | 0.6x |
| Wed, 12 Mar 2025 | ₦466.0b | ₦751.4b | ₦41.0b | 9.9x | 11.4x | 0.6x |
| Fri, 07 Feb 2025 | ₦467.6b | ₦750.8b | ₦40.9b | 9x | 11.4x | 0.6x |
| Sun, 05 Jan 2025 | ₦464.6b | ₦689.4b | ₦37.1b | 9.9x | 12.5x | 0.7x |
| Tue, 03 Dec 2024 | ₦455.8b | ₦689.4b | ₦37.1b | 7.7x | 12.3x | 0.7x |
| Thu, 31 Oct 2024 | ₦451.9b | ₦610.5b | ₦32.8b | 7.2x | 13.8x | 0.7x |
| Sat, 28 Sep 2024 | ₦393.6b | ₦608.4b | ₦32.4b | 8x | 12.1x | 0.6x |
| Mon, 26 Aug 2024 | ₦381.6b | ₦606.4b | ₦32.1b | 9x | 11.9x | 0.6x |
| Wed, 24 Jul 2024 | ₦318.8b | ₦580.9b | ₦32.6b | 11x | 9.8x | 0.5x |
| Fri, 21 Jun 2024 | ₦296.9b | ₦579.1b | ₦31.7b | 10.7x | 9.4x | 0.5x |
| Sun, 19 May 2024 | ₦274.1b | ₦598.6b | ₦30.7b | 11.4x | 8.9x | 0.5x |
| Tue, 16 Apr 2024 | ₦246.0b | ₦586.6b | ₦20.0b | 12.6x | 12.3x | 0.4x |
| Thu, 14 Mar 2024 | ₦245.9b | ₦588.6b | ₦21.2b | 10.2x | 11.6x | 0.4x |
| Sat, 10 Feb 2024 | ₦237.1b | ₦588.6b | ₦21.2b | 10.9x | 11.2x | 0.4x |
| Mon, 08 Jan 2024 | ₦215.0b | ₦582.8b | ₦20.1b | 11x | 10.7x | 0.4x |
| Wed, 06 Dec 2023 | ₦187.9b | ₦582.0b | ₦20.1b | 10.6x | 9.4x | 0.3x |
| Fri, 03 Nov 2023 | ₦191.6b | ₦586.8b | ₦20.4b | 9.7x | 9.4x | 0.3x |
| Sun, 01 Oct 2023 | ₦180.6b | ₦569.9b | ₦19.2b | 10x | 9.4x | 0.3x |
| Tue, 29 Aug 2023 | ₦170.6b | ₦569.8b | ₦19.1b | 9.7x | 8.9x | 0.3x |
| Thu, 27 Jul 2023 | ₦160.5b | ₦558.5b | ₦17.2b | 11.1x | 9.3x | 0.3x |
| Sat, 24 Jun 2023 | ₦137.6b | ₦546.8b | ₦11.7b | 12x | 11.8x | 0.3x |
| Mon, 22 May 2023 | ₦127.7b | ₦547.0b | ₦11.8b | 8.6x | 10.8x | 0.2x |
| Wed, 19 Apr 2023 | ₦116.8b | ₦544.4b | ₦12.9b | 8.3x | 9.1x | 0.2x |
| Fri, 17 Mar 2023 | ₦110.4b | ₦541.5b | ₦14.2b | 7.3x | 7.8x | 0.2x |
| Sun, 12 Feb 2023 | ₦105.5b | ₦543.3b | ₦13.1b | 6.7x | 8.1x | 0.2x |
Price to Earnings Ratio
8.1x
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 12.8x which is higher than its 3-year average PE of 11.5x.
- The industry is trading close to its 3-year average PS ratio of 0.51x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 74% 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 | 2.05% | |
| Industrials | 6.07% | |
| Commercial Services | 21.25% | |
| Construction | 9.65% | |
| Infrastructure | 5.46% | |
| Trade Distributors | 4.14% | |
| Industrials | 0.95% | |
| Machinery | 0% | 0 |
| Airlines | 0% | 0 |
| Electrical | -1.74% | |
| Transportation | -5.09% | |
| Logistics | -16.65% | |
Industry PE
- Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 18.8x.
- 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 | |
|---|---|---|---|---|---|
| JBERGER Julius Berger Nigeria | ₦200.00 | 9.9% +₦28.8b | 43.1% | PE10.4x | |
| SKYAVN Skyway Aviation Handling | ₦138.90 | 8.0% +₦13.9b | 247.3% | PE16x | |
| NAHCO Nigerian Aviation Handling | ₦119.00 | 3.5% +₦7.8b | 112.9% | PE12.9x | |
| TIP Initiates | ₦19.70 | 31.8% +₦4.2b | 467.7% | PE5.2x | |
| SCOA SCOA Nigeria | ₦31.60 | 9.9% +₦1.9b | 761.0% | PE55.3x |