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Nigerian (NSE) Industrials Sector Analysis

UpdatedMay 29, 2026
DataAggregated Company Financials
Companies15
  • 7D-2.0%
  • 3M16.0%
  • 1Y150.1%
  • YTD90.3%

Over the last 7 days, the Industrials industry has dropped 2.0%, driven by Nigerian Aviation Handling declining 4.4%. This takes the industry's 12 month performance to a gain of 150%.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 29 May 2026₦1.4t₦1.0t₦65.0b22.6x20.9x1.3x
Sun, 26 Apr 2026₦1.3t₦1.0t₦65.5b17.6x20.2x1.3x
Tue, 24 Mar 2026₦1.2t₦1.0t₦68.5b17.8x17.4x1.2x
Thu, 19 Feb 2026₦1.1t₦1.0t₦68.7b14.8x16.1x1.1x
Sat, 17 Jan 2026₦736.0b₦943.2b₦53.4b12.5x13.8x0.8x
Mon, 15 Dec 2025₦657.9b₦943.2b₦52.7b11.6x12.5x0.7x
Wed, 12 Nov 2025₦615.1b₦944.0b₦52.9b10.8x11.6x0.7x
Fri, 10 Oct 2025₦668.0b₦913.9b₦45.8b12.1x14.6x0.7x
Sun, 07 Sep 2025₦669.0b₦913.9b₦45.9b12.3x14.6x0.7x
Tue, 05 Aug 2025₦655.4b₦908.9b₦43.8b13.8x15x0.7x
Thu, 03 Jul 2025₦553.5b₦834.6b₦40.3b11.5x13.8x0.7x
Sat, 31 May 2025₦534.2b₦833.7b₦39.7b10.1x13.5x0.6x
Mon, 28 Apr 2025₦475.2b₦761.9b₦41.1b8.8x11.6x0.6x
Wed, 26 Mar 2025₦482.0b₦751.4b₦41.0b9.7x11.8x0.6x
Fri, 21 Feb 2025₦473.3b₦750.8b₦40.9b10x11.6x0.6x
Sun, 19 Jan 2025₦444.3b₦689.4b₦37.1b10.1x12x0.6x
Tue, 17 Dec 2024₦429.3b₦689.4b₦37.1b7.7x11.6x0.6x
Thu, 14 Nov 2024₦455.0b₦686.7b₦37.0b7.6x12.3x0.7x
Sat, 12 Oct 2024₦430.4b₦608.4b₦32.4b7.2x13.3x0.7x
Mon, 09 Sep 2024₦444.5b₦608.1b₦32.4b9x13.7x0.7x
Wed, 07 Aug 2024₦323.2b₦605.5b₦32.4b8.1x10x0.5x
Fri, 05 Jul 2024₦314.5b₦580.9b₦32.5b11x9.7x0.5x
Sun, 02 Jun 2024₦282.2b₦578.2b₦31.6b10.7x8.9x0.5x
Tue, 30 Apr 2024₦250.6b₦590.4b₦21.1b11.8x11.9x0.4x
Thu, 28 Mar 2024₦248.2b₦588.6b₦21.2b10.4x11.7x0.4x
Sat, 24 Feb 2024₦239.2b₦588.6b₦21.2b10.7x11.3x0.4x
Mon, 22 Jan 2024₦254.0b₦582.8b₦20.1b13.4x12.6x0.4x
Wed, 20 Dec 2023₦190.6b₦582.4b₦20.2b9.8x9.4x0.3x
Fri, 17 Nov 2023₦189.4b₦582.0b₦20.1b10.5x9.4x0.3x
Sun, 15 Oct 2023₦184.3b₦569.8b₦19.2b10.5x9.6x0.3x
Tue, 12 Sep 2023₦187.2b₦570.0b₦19.1b10.4x9.8x0.3x
Thu, 10 Aug 2023₦169.4b₦569.8b₦19.1b10.2x8.8x0.3x
Sat, 08 Jul 2023₦150.5b₦546.8b₦11.8b11.1x12.7x0.3x
Mon, 05 Jun 2023₦130.6b₦547.0b₦11.8b8.7x11x0.2x
Price to Earnings Ratio

11x


Total Market Cap: ₦130.6bTotal Earnings: ₦11.8bTotal Revenue: ₦547.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Industrials Sector Price to Earnings3Y Average 12.5x202420252026
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 20.9x which is higher than its 3-year average PE of 12.5x.
  • 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-0.88%
Industrials-1.99%
Trade Distributors2.27%
Construction0%0
Industrials0%0
Machinery0%0
Airlines0%0
Electrical-0.68%
Logistics-2.50%
Infrastructure-2.99%
Transportation-6.61%
Commercial Services-14.72%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 37.1x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Commercial Services industry, which is trading below its 3-year average of 71.6x.
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
TRIPPLEG Tripple Gee₦3.980.5%
+₦19.8m		92.3%PE1055.4x

Latest News

CILEASING
₦6.50
C & I Leasing
7D
-1.5%
1Y
51.2%
ABCTRANS
₦8.25
ABC Transport
7D
-9.1%
1Y
179.7%
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
₦189.50
Nigerian Aviation Handling
7D
-6.1%
1Y
168.2%
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
₦3.98
Tripple Gee
7D
0.5%
1Y
92.3%
TIP
₦28.40
Initiates
7D
-16.0%
1Y
343.8%
REDSTAREX
₦34.00
Red Star Express
7D
-2.7%
1Y
308.7%
TRANSEXPR
₦5.28
Trans-Nationwide Express
7D
-7.7%
1Y
140.0%
JOHNHOLT
₦16.95
John Holt
7D
-9.8%
1Y
123.0%
New Narrative • May 12

John Holt Plc Returns to Profitability in Q2 2025/2026 on Strong Revenue Growth and Improved Operating Performance

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securities) John Holt Plc delivered a significant turnaround performance for the quarter ended March 31, 2026, supported by strong revenue expansion, improved operational efficiency, and higher contributions from its technical products and leasing services segment. Revenue grew sharply by 126% YoY to ₦1.28 billion, while the Group returned to profitability with Profit Before Tax (PBT) of ₦63 million compared to a loss of ₦162 million in the corresponding period of 2025.
CUTIX
₦3.10
Cutix
7D
-2.8%
1Y
-9.4%