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Nigerian (NSE) Telecom Sector Analysis
UpdatedSep 18, 2025
DataAggregated Company Financials
Companies6
- 7D-3.1%
- 3M6.6%
- 1Y69.9%
- YTD17.1%
Over the last 7 days, the Telecom industry has dropped 3.1%, driven by a pullback from Legend Internet of 7.3%. In the past year, the industry has gained 70%.
Sector Valuation and Performance
Has the Nigerian Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Sep 2025 | ₦28.7b | ₦14.3b | -₦766,935,000.00 | 12.6x | -37.4x | 2x |
| Sun, 17 Aug 2025 | ₦30.0b | ₦14.3b | -₦766,935,000.00 | 12.4x | -39.1x | 2.1x |
| Tue, 15 Jul 2025 | ₦28.8b | ₦14.1b | -₦1,005,077,000.00 | 8.1x | -28.6x | 2x |
| Thu, 12 Jun 2025 | ₦25.2b | ₦14.1b | -₦1,035,376,000.00 | 6.9x | -24.3x | 1.8x |
| Sat, 10 May 2025 | ₦29.9b | ₦13.9b | -₦1,310,011,000.00 | 12.1x | -22.8x | 2.1x |
| Mon, 07 Apr 2025 | ₦11.0b | ₦13.9b | -₦2,510,056,000.00 | 12.7x | -4.4x | 0.8x |
| Wed, 05 Mar 2025 | ₦11.2b | ₦13.9b | -₦2,510,056,000.00 | 14.5x | -4.5x | 0.8x |
| Fri, 31 Jan 2025 | ₦14.0b | ₦11.5b | -₦2,858,698,000.00 | 19.1x | -4.9x | 1.2x |
| Sun, 29 Dec 2024 | ₦11.2b | ₦11.3b | -₦2,805,178,000.00 | 9.2x | -4x | 1x |
| Tue, 26 Nov 2024 | ₦10.0b | ₦11.3b | -₦2,805,178,000.00 | 8.4x | -3.6x | 0.9x |
| Thu, 24 Oct 2024 | ₦10.8b | ₦10.3b | -₦3,058,638,000.00 | n/a | -3.5x | 1.1x |
| Sat, 21 Sep 2024 | ₦11.0b | ₦10.3b | -₦3,058,638,000.00 | n/a | -3.6x | 1.1x |
| Mon, 19 Aug 2024 | ₦8.3b | ₦10.3b | -₦3,058,638,000.00 | n/a | -2.7x | 0.8x |
| Wed, 17 Jul 2024 | ₦9.0b | ₦10.8b | -₦2,344,982,000.00 | 242.6x | -3.9x | 0.8x |
| Fri, 14 Jun 2024 | ₦8.2b | ₦10.8b | -₦2,046,038,000.00 | 5.9x | -4x | 0.8x |
| Sun, 12 May 2024 | ₦9.1b | ₦11.1b | -₦1,048,193,000.00 | 6.1x | -8.6x | 0.8x |
| Tue, 09 Apr 2024 | ₦8.6b | ₦11.2b | -₦302,669,000.00 | 6.4x | -28.6x | 0.8x |
| Thu, 07 Mar 2024 | ₦10.1b | ₦11.2b | -₦302,669,000.00 | 6.5x | -33.3x | 0.9x |
| Sat, 03 Feb 2024 | ₦6.1t | ₦2.3t | ₦239.0b | 9.7x | 25.5x | 2.6x |
| Mon, 01 Jan 2024 | ₦5.5t | ₦2.3t | ₦238.9b | 5.9x | 23.2x | 2.4x |
| Wed, 29 Nov 2023 | ₦5.0t | ₦2.3t | ₦238.9b | 5.7x | 20.9x | 2.1x |
| Fri, 27 Oct 2023 | ₦5.2t | ₦2.2t | ₦308.2b | 4.8x | 17x | 2.4x |
| Sun, 24 Sep 2023 | ₦5.6t | ₦2.2t | ₦308.2b | 4.4x | 18.3x | 2.5x |
| Tue, 22 Aug 2023 | ₦5.6t | ₦2.2t | ₦308.4b | 4.9x | 18.1x | 2.5x |
| Thu, 20 Jul 2023 | ₦5.4t | ₦2.1t | ₦365.1b | 6.9x | 14.8x | 2.5x |
| Sat, 17 Jun 2023 | ₦5.6t | ₦2.1t | ₦364.0b | 7.1x | 15.3x | 2.6x |
| Mon, 15 May 2023 | ₦4.7t | ₦2.1t | ₦364.0b | 5.7x | 12.8x | 2.2x |
| Wed, 12 Apr 2023 | ₦4.9t | ₦2.0t | ₦360.5b | 4.5x | 13.5x | 2.4x |
| Fri, 10 Mar 2023 | ₦5.1t | ₦2.0t | ₦360.5b | 4.6x | 14x | 2.5x |
| Sun, 05 Feb 2023 | ₦4.8t | ₦2.0t | ₦360.5b | 4.8x | 13.4x | 2.4x |
| Tue, 03 Jan 2023 | ₦4.4t | ₦1.9t | ₦348.2b | 3.1x | 12.6x | 2.3x |
| Thu, 01 Dec 2022 | ₦4.3t | ₦1.9t | ₦348.2b | 3x | 12.3x | 2.2x |
| Sat, 29 Oct 2022 | ₦4.0t | ₦1.8t | ₦337.8b | 4.6x | 11.9x | 2.2x |
| Mon, 26 Sep 2022 | ₦4.1t | ₦1.8t | ₦337.8b | 5.1x | 12.1x | 2.2x |
Price to Earnings Ratio
12.1x
Current Industry PE
- Investors are optimistic on the Nigerian Communication Services industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- Total earnings for the Communication Services industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 80% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Nigerian Telecom sector?
| NG Market | 1.59% | |
| Telecom | -3.06% | |
| Wireless Telecom | 0% | 0 |
| Media | -0.58% | |
| Telecom Services and Carriers | -7.23% | |
Industry PE
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 | |
|---|---|---|---|---|---|
| No data available | |||||