Narrative Update • Sep 08
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Nigerian (NSE) Commercial Services Industry Analysis
UpdatedSep 20, 2026
DataAggregated Company Financials
Companies2
- 7D4.9%
- 3M-13.4%
- 1Y78.3%
- YTD65.7%
All of the companies in the Commercial Services industry have been up over the last week, with the industry up 2.2%. This means that the industry has gained 85% over the past year.
Industry Valuation and Performance
Has the Nigerian Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 20 Sep 2026 | ₦55.7b | ₦18.9b | ₦4.1b | 12.1x | 13.5x | 3x |
| Tue, 18 Aug 2026 | ₦27.9b | ₦18.8b | ₦4.2b | 5.2x | 6.7x | 1.5x |
| Thu, 16 Jul 2026 | ₦32.3b | ₦18.5b | ₦4.5b | 13.3x | 7.2x | 1.7x |
| Sat, 13 Jun 2026 | ₦36.5b | ₦18.5b | ₦4.3b | 28.9x | 8.4x | 2x |
| Mon, 11 May 2026 | ₦38.3b | ₦18.5b | ₦4.3b | 27.8x | 8.8x | 2.1x |
| Wed, 08 Apr 2026 | ₦24.8b | ₦16.8b | ₦4.3b | 6.7x | 5.7x | 1.5x |
| Fri, 06 Mar 2026 | ₦34.5b | ₦16.8b | ₦4.3b | 6.4x | 8x | 2.1x |
| Sun, 01 Feb 2026 | ₦23.5b | ₦16.8b | ₦4.3b | 6x | 5.4x | 1.4x |
| Tue, 30 Dec 2025 | ₦17.7b | ₦12.5b | ₦3.5b | 6.6x | 5.1x | 1.4x |
| Thu, 27 Nov 2025 | ₦15.9b | ₦12.5b | ₦3.5b | 6x | 4.6x | 1.3x |
| Sat, 25 Oct 2025 | ₦20.2b | ₦11.3b | ₦2.8b | 9x | 7.3x | 1.8x |
| Mon, 22 Sep 2025 | ₦17.9b | ₦11.3b | ₦2.8b | 8.5x | 6.5x | 1.6x |
| Wed, 20 Aug 2025 | ₦18.4b | ₦11.3b | ₦2.8b | 8.3x | 6.6x | 1.6x |
| Fri, 18 Jul 2025 | ₦14.6b | ₦10.1b | ₦2.8b | 5.1x | 5.1x | 1.4x |
| Sun, 15 Jun 2025 | ₦9.4b | ₦10.1b | ₦2.8b | 3.2x | 3.3x | 0.9x |
| Tue, 13 May 2025 | ₦9.5b | ₦9.3b | ₦1.9b | 5.4x | 4.9x | 1x |
| Thu, 10 Apr 2025 | ₦5.5b | ₦9.3b | ₦1.9b | 3.1x | 2.9x | 0.6x |
| Sat, 08 Mar 2025 | ₦5.5b | ₦9.2b | ₦1.5b | 3.7x | 3.6x | 0.6x |
| Mon, 03 Feb 2025 | ₦7.8b | ₦11.3b | ₦1.4b | 3.6x | 5.7x | 0.7x |
| Wed, 01 Jan 2025 | ₦6.5b | ₦9.4b | ₦1.1b | 3.6x | 6x | 0.7x |
| Fri, 29 Nov 2024 | ₦6.3b | ₦9.4b | ₦1.1b | 3.6x | 5.8x | 0.7x |
| Sun, 27 Oct 2024 | ₦6.1b | ₦8.7b | ₦847.1m | 4.5x | 7.2x | 0.7x |
| Tue, 24 Sep 2024 | ₦6.3b | ₦8.7b | ₦847.1m | 4.4x | 7.4x | 0.7x |
| Thu, 22 Aug 2024 | ₦5.9b | ₦8.7b | ₦847.1m | 4.2x | 7x | 0.7x |
| Sat, 20 Jul 2024 | ₦5.5b | ₦8.7b | ₦481.4m | 20.9x | 11.3x | 0.6x |
| Mon, 17 Jun 2024 | ₦5.1b | ₦8.4b | ₦4.7m | 101.2x | 1076.9x | 0.6x |
| Wed, 15 May 2024 | ₦5.5b | ₦8.4b | ₦4.7m | 101.6x | 1175.8x | 0.7x |
| Fri, 12 Apr 2024 | ₦5.5b | ₦8.7b | -₦262,695,848.00 | 6x | -20.8x | 0.6x |
| Sun, 10 Mar 2024 | ₦5.2b | ₦8.6b | -₦366,145,204.00 | 7.5x | -14.2x | 0.6x |
| Tue, 06 Feb 2024 | ₦5.5b | ₦8.6b | -₦366,145,204.00 | 8.5x | -15.1x | 0.6x |
| Thu, 04 Jan 2024 | ₦3.9b | ₦8.9b | -₦138,754,927.00 | 17.7x | -28x | 0.4x |
| Sat, 02 Dec 2023 | ₦3.3b | ₦8.9b | -₦138,754,927.00 | 13.5x | -24.1x | 0.4x |
| Mon, 30 Oct 2023 | ₦3.4b | ₦9.3b | -₦58,002,768.00 | 9.6x | -59.1x | 0.4x |
| Wed, 27 Sep 2023 | ₦3.5b | ₦9.3b | -₦58,002,768.00 | 9.7x | -61x | 0.4x |
Price to Earnings Ratio
-61x
Current Industry PE
- There are only 2 companies in the Nigerian Commercial Services industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- Total earnings for the Commercial Services industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 27% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Nigerian Industrials industry?
| NG Market | 3.53% | |
| Industrials | -0.72% | |
| Commercial Services | 4.91% | |
| Environmental and Facilities Services | 5.58% | |
| Commercial Printing | -1.92% | |
Industry PE
- Investors are most optimistic about the Environmental and Facilities Services industry which is trading above its 3-year average PE ratio of 4.9x.
- 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 | |
|---|---|---|---|---|---|
| TIP Initiates | ₦25.55 | 5.6% +₦2.7b | 112.9% | PE12.1x |