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Nigerian (NSE) Telecom Sector Analysis
UpdatedJul 11, 2025
DataAggregated Company Financials
Companies6
- 7D8.9%
- 3M65.5%
- 1Y86.4%
- YTD28.3%
The Telecom industry is up 8.9% in the last week, with MTN Nigeria Communications up 10%. During this same period, the Legend Internet underperformed, falling 13%. In the last 12 months, the industry was up 86%.
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 |
|---|---|---|---|---|---|---|
| Sat, 12 Jul 2025 | ₦31.5b | ₦14.1b | -₦986,010,000.00 | 8.8x | -31.9x | 2.2x |
| Mon, 09 Jun 2025 | ₦22.5b | ₦14.1b | -₦1,035,376,000.00 | 6.5x | -21.7x | 1.6x |
| Wed, 07 May 2025 | ₦30.4b | ₦13.9b | -₦1,310,011,000.00 | 10.6x | -23.2x | 2.2x |
| Fri, 04 Apr 2025 | ₦10.6b | ₦13.9b | -₦2,510,056,000.00 | 12.2x | -4.2x | 0.8x |
| Sun, 02 Mar 2025 | ₦11.1b | ₦13.9b | -₦2,510,056,000.00 | 13.9x | -4.4x | 0.8x |
| Tue, 28 Jan 2025 | ₦14.3b | ₦11.5b | -₦2,858,698,000.00 | 15.9x | -5x | 1.2x |
| Thu, 26 Dec 2024 | ₦10.9b | ₦11.3b | -₦2,805,178,000.00 | 8.4x | -3.9x | 1x |
| Sat, 23 Nov 2024 | ₦10.5b | ₦11.3b | -₦2,809,025,000.00 | 8.6x | -3.7x | 0.9x |
| Mon, 21 Oct 2024 | ₦10.0b | ₦10.3b | -₦3,058,638,000.00 | n/a | -3.3x | 1x |
| Wed, 18 Sep 2024 | ₦10.2b | ₦10.3b | -₦3,058,638,000.00 | n/a | -3.3x | 1x |
| Fri, 16 Aug 2024 | ₦8.6b | ₦10.3b | -₦3,058,638,000.00 | n/a | -2.8x | 0.8x |
| Sun, 14 Jul 2024 | ₦9.0b | ₦10.8b | -₦2,344,982,000.00 | 242.6x | -3.8x | 0.8x |
| Tue, 11 Jun 2024 | ₦8.6b | ₦10.8b | -₦2,046,038,000.00 | 5.9x | -4.2x | 0.8x |
| Thu, 09 May 2024 | ₦8.8b | ₦11.3b | -₦381,009,000.00 | 5.7x | -23.1x | 0.8x |
| Sat, 06 Apr 2024 | ₦8.6b | ₦11.2b | -₦302,669,000.00 | 6.4x | -28.6x | 0.8x |
| Mon, 04 Mar 2024 | ₦10.8b | ₦11.2b | -₦302,669,000.00 | 6.4x | -35.6x | 1x |
| Wed, 31 Jan 2024 | ₦6.2t | ₦2.3t | ₦238.9b | 10.7x | 25.8x | 2.6x |
| Fri, 29 Dec 2023 | ₦5.3t | ₦2.3t | ₦238.9b | 5.5x | 22.1x | 2.3x |
| Sun, 26 Nov 2023 | ₦5.0t | ₦2.3t | ₦238.9b | 5.7x | 20.9x | 2.1x |
| Tue, 24 Oct 2023 | ₦5.2t | ₦2.2t | ₦308.2b | 4.4x | 17x | 2.3x |
| Thu, 21 Sep 2023 | ₦5.7t | ₦2.2t | ₦308.2b | 4.5x | 18.4x | 2.5x |
| Sat, 19 Aug 2023 | ₦5.6t | ₦2.2t | ₦308.4b | 4.9x | 18.1x | 2.5x |
| Mon, 17 Jul 2023 | ₦5.4t | ₦2.1t | ₦365.1b | 6.8x | 14.8x | 2.5x |
| Wed, 14 Jun 2023 | ₦5.3t | ₦2.1t | ₦364.0b | 6.8x | 14.5x | 2.5x |
| Fri, 12 May 2023 | ₦4.7t | ₦2.1t | ₦364.0b | 5.7x | 12.8x | 2.2x |
| Sun, 09 Apr 2023 | ₦4.9t | ₦2.0t | ₦360.5b | 4.5x | 13.5x | 2.4x |
| Tue, 07 Mar 2023 | ₦5.0t | ₦2.0t | ₦360.5b | 5x | 13.8x | 2.5x |
| Thu, 02 Feb 2023 | ₦4.6t | ₦1.9t | ₦347.7b | 4.8x | 13.2x | 2.4x |
| Sat, 31 Dec 2022 | ₦4.4t | ₦1.9t | ₦348.2b | 3.1x | 12.6x | 2.3x |
| Mon, 28 Nov 2022 | ₦4.3t | ₦1.9t | ₦348.2b | 3x | 12.3x | 2.2x |
| Wed, 26 Oct 2022 | ₦4.0t | ₦1.8t | ₦337.8b | 5.1x | 11.9x | 2.2x |
| Fri, 23 Sep 2022 | ₦4.1t | ₦1.8t | ₦337.8b | 5.1x | 12x | 2.2x |
| Sun, 21 Aug 2022 | ₦4.0t | ₦1.8t | ₦338.2b | 6.2x | 11.8x | 2.2x |
| Tue, 19 Jul 2022 | ₦4.7t | ₦1.8t | ₦321.5b | 4.8x | 14.6x | 2.7x |
Price to Earnings Ratio
14.6x
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 1.8x is lower than the industry's current PS ratio of 2.2x.
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 | 2.69% | |
| Telecom | 8.90% | |
| Media | 26.99% | |
| Wireless Telecom | 0% | 0 |
| Telecom Services and Carriers | -6.70% | |
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 | |
|---|---|---|---|---|---|
| MTNN MTN Nigeria Communications | ₦395.00 | 10.5% +₦786.3b | 97.5% | PE66.3x | |
| DAARCOMM Daar Communications | ₦0.95 | 41.8% +₦2.2b | 82.7% | PS1.4x | |
| LEARNAFRCA Learn Africa | ₦6.01 | 13.4% +₦616.2m | 92.1% | PE11x | |
| UPL University Press | ₦6.70 | 10.0% +₦263.2m | 190.0% | PE6.4x |