Nigerian (NSE) Materials Sector Analysis

UpdatedMar 06, 2026

DataAggregated Company Financials

Companies13

7D-0.05%
3M35.3%
1Y97.9%
YTD32.4%

Over the last 7 days, the Materials industry has dropped 1.2%, driven by a pullback from Dangote Cement of 2.4%. This takes the industry's 12 month performance to a gain of 98%. Earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 06 Mar 2026	₦24.8t	₦6.8t	₦1.7t	14.5x	14.8x	3.7x
Sun, 01 Feb 2026	₦19.7t	₦6.5t	₦1.6t	11.7x	12.6x	3x
Tue, 30 Dec 2025	₦18.6t	₦6.5t	₦1.6t	10.7x	12x	2.8x
Thu, 27 Nov 2025	₦16.8t	₦6.5t	₦1.6t	9.4x	10.8x	2.6x
Sat, 25 Oct 2025	₦20.0t	₦6.2t	₦1.3t	13.3x	15x	3.2x
Mon, 22 Sep 2025	₦16.2t	₦6.1t	₦1.3t	12.6x	12.6x	2.6x
Wed, 20 Aug 2025	₦17.0t	₦6.1t	₦1.3t	11x	13.3x	2.8x
Fri, 18 Jul 2025	₦13.9t	₦5.8t	₦900.7b	14.6x	15.4x	2.4x
Sun, 15 Jun 2025	₦12.3t	₦5.8t	₦709.5b	10x	17.3x	2.1x
Tue, 13 May 2025	₦11.9t	₦5.8t	₦701.7b	9.9x	16.9x	2.1x
Thu, 10 Apr 2025	₦12.3t	₦5.3t	₦501.0b	11.5x	24.6x	2.3x
Sat, 08 Mar 2025	₦12.8t	₦5.0t	₦455.1b	11.1x	28.1x	2.6x
Mon, 03 Feb 2025	₦11.0t	₦4.7t	₦586.6b	12.4x	18.8x	2.3x
Wed, 01 Jan 2025	₦12.4t	₦4.7t	₦581.5b	13.8x	21.3x	2.6x
Fri, 29 Nov 2024	₦12.3t	₦4.7t	₦581.5b	12x	21.1x	2.6x
Sun, 27 Oct 2024	₦12.4t	₦4.5t	₦549.7b	13.6x	22.6x	2.8x
Tue, 24 Sep 2024	₦13.5t	₦4.3t	₦556.1b	13.1x	24.2x	3.2x
Thu, 22 Aug 2024	₦13.5t	₦4.3t	₦556.1b	13.3x	24.2x	3.2x
Sat, 20 Jul 2024	₦16.5t	₦3.7t	₦562.5b	14.3x	29.4x	4.5x
Mon, 17 Jun 2024	₦16.5t	₦3.7t	₦562.5b	14x	29.4x	4.5x
Wed, 15 May 2024	₦16.6t	₦3.7t	₦448.3b	12.2x	37x	4.4x
Fri, 12 Apr 2024	₦17.1t	₦3.2t	₦462.4b	11.7x	37x	5.3x
Sun, 10 Mar 2024	₦16.9t	₦3.2t	₦576.6b	11.7x	29.3x	5.3x
Tue, 06 Feb 2024	₦19.8t	₦2.9t	₦599.3b	13.8x	33x	6.9x
Thu, 04 Jan 2024	₦9.5t	₦2.9t	₦551.3b	10.7x	17.3x	3.3x
Sat, 02 Dec 2023	₦9.5t	₦2.9t	₦551.3b	9.1x	17.3x	3.3x
Mon, 30 Oct 2023	₦9.4t	₦2.8t	₦554.1b	8.3x	17x	3.3x
Wed, 27 Sep 2023	₦9.5t	₦2.6t	₦497.5b	8.4x	19.1x	3.6x
Fri, 25 Aug 2023	₦9.9t	₦2.6t	₦497.5b	7.3x	20x	3.8x
Sun, 23 Jul 2023	₦9.9t	₦2.5t	₦518.5b	9x	19.1x	4x
Tue, 20 Jun 2023	₦8.3t	₦2.5t	₦518.5b	9.1x	16x	3.4x
Thu, 18 May 2023	₦8.2t	₦2.5t	₦528.0b	8x	15.4x	3.3x
Sat, 15 Apr 2023	₦8.4t	₦2.5t	₦522.9b	7.1x	16.1x	3.4x
Mon, 13 Mar 2023	₦8.8t	₦2.5t	₦522.5b	7.9x	16.9x	3.6x

Price to Earnings Ratio

16.9x

Mon, 13 Mar 2023

Current Industry PE

Investors are pessimistic on the Nigerian Materials industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 14.8x which is lower than its 3-year average PE of 20.5x.

The industry is trading close to its 3-year average PS ratio of 3.4x.

Past Earnings Growth

The earnings for companies in the Materials industry have grown 47% per year over the last three years.
Revenues for these companies have grown 40% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.