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Nigerian (NSE) Utilities Sector Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies3
  • 7D-0.3%
  • 3M1.1%
  • 1Y-7.8%
  • YTD0.3%

The Utilities industry has been flat over the last week, but Transnational has lost 3.6%. As for the longer term, the industry has declined 7.6% in the last year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Mar 2026₦5.6t₦1.1t₦204.5b25.2x27.6x5x
Fri, 13 Feb 2026₦5.7t₦1.1t₦179.6b25.2x31.6x5.1x
Sun, 11 Jan 2026₦5.6t₦1.1t₦179.3b25.6x31.3x5.2x
Tue, 09 Dec 2025₦5.6t₦1.1t₦179.3b25.6x31.1x5.2x
Thu, 06 Nov 2025₦5.9t₦1.1t₦179.3b28.5x32.8x5.5x
Sat, 04 Oct 2025₦5.7t₦1.0t₦174.9b27x32.6x5.5x
Mon, 01 Sep 2025₦5.5t₦1.0t₦174.9b24.6x31.3x5.3x
Wed, 30 Jul 2025₦5.8t₦1.0t₦174.9b27.5x33.1x5.6x
Fri, 27 Jun 2025₦5.7t₦925.1b₦162.1b25.9x35.4x6.2x
Sun, 25 May 2025₦5.7t₦925.1b₦162.1b26.6x35.5x6.2x
Tue, 22 Apr 2025₦6.0t₦832.3b₦154.9b34.2x38.8x7.2x
Thu, 20 Mar 2025₦6.1t₦851.0b₦159.0b34.2x38.2x7.1x
Sat, 15 Feb 2025₦6.2t₦809.7b₦154.1b34.2x40.4x7.7x
Mon, 13 Jan 2025₦6.1t₦643.9b₦114.8b25.4x53.1x9.5x
Wed, 11 Dec 2024₦6.0t₦783.6b₦143.7b39.6x41.9x7.7x
Fri, 08 Nov 2024₦6.0t₦783.6b₦143.0b39.6x42.1x7.7x
Sun, 06 Oct 2024₦5.6t₦640.8b₦122.4b40.4x45.7x8.7x
Tue, 03 Sep 2024₦5.5t₦640.8b₦122.4b44.9x44.6x8.5x
Thu, 01 Aug 2024₦5.8t₦640.8b₦122.4b50.1x47.1x9x
Sat, 29 Jun 2024₦5.8t₦511.4b₦103.9b92.7x56.1x11.4x
Mon, 27 May 2024₦5.7t₦369.2b₦73.7b50.9x77.8x15.5x
Wed, 24 Apr 2024₦5.9t₦313.1b₦49.9b59.6x118.4x18.9x
Fri, 22 Mar 2024₦6.0t₦276.9b₦39.0b91.1x153.4x21.6x
Sun, 18 Feb 2024₦2.8t₦276.9b₦39.0b81.9x71.5x10.1x
Tue, 16 Jan 2024₦1.6t₦230.9b₦25.2b68.2x62x6.8x
Thu, 14 Dec 2023₦1.3t₦230.9b₦25.2b53.5x50.6x5.5x
Sat, 11 Nov 2023₦1.2t₦230.9b₦25.2b52.2x49.3x5.4x
Mon, 09 Oct 2023₦1.1t₦202.5b₦22.1b55.9x49.5x5.4x
Wed, 06 Sep 2023₦1.1t₦202.5b₦22.1b56.8x50.5x5.5x
Fri, 04 Aug 2023₦1.0t₦202.5b₦22.1b53.2x46x5x
Sun, 02 Jul 2023₦892.7b₦179.0b₦15.0b56.2x59.7x5x
Tue, 30 May 2023₦884.5b₦179.0b₦15.0b55.5x59.2x4.9x
Thu, 27 Apr 2023₦916.8b₦183.3b₦16.9b48.6x54.2x5x
Sat, 25 Mar 2023₦814.5b₦169.5b₦25.9b41.4x31.4x4.8x
Price to Earnings Ratio

31.4x


Total Market Cap: ₦814.5bTotal Earnings: ₦25.9bTotal Revenue: ₦169.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Utilities Sector Price to Earnings3Y Average 50.2x202420252026
Current Industry PE
    There are only 3 companies in the Nigerian Utilities industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 99% per year over the last three years.
  • Revenues for these companies have grown 88% 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 Utilities sector?

NG Market3.45%
Utilities-0.32%
Electric Utilities0%0
Renewable Energy-3.59%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry even though it's trading below its 3-year average PE ratio of 83.3x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 13.4x.
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
No data available

Latest News

TRANSCORP
₦47.00
Transnational
7D
-3.6%
1Y
-7.8%

TRANSCORP GROUP PLC – SUSTAINED REVENUE MOMENTUM AND PROFIT GROWTH ANCHOR STRONG Q3 2025 PERFORMANCE

Analyst: Qudus Adebara (Research Analyst) Executive Summary Transnational Corporation Plc (“Transcorp Group” or “the Company”) delivered a resilient and impressive financial performance for the nine months ended 30 September 2025 , underscoring its strategic agility, diversified operations, and strong execution capability. Revenue rose 39% year-on-year to ₦413.4 billion (Q3 2024: ₦297.7 billion), reflecting broad-based growth across the Group’s power and hospitality segments.