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Nigerian (NSE) Utilities Sector Analysis
UpdatedJun 19, 2026
DataAggregated Company Financials
Companies3
- 7D-5.7%
- 3M-14.1%
- 1Y-15.6%
- YTD-13.9%
In the last week, the Utilities industry is flat overall, with Transnational standing out by going down 8.3%. Unfortunately though, the industry is down 12% over the past 12 months. Earnings are forecast to grow by 40% annually.
Sector Valuation and Performance
Has the Nigerian Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Jun 2026 | ₦4.8t | ₦1.1t | ₦195.6b | 20.8x | 24.7x | 4.5x |
| Sun, 17 May 2026 | ₦5.3t | ₦1.1t | ₦195.6b | 23.1x | 27.3x | 4.9x |
| Tue, 14 Apr 2026 | ₦5.6t | ₦1.1t | ₦204.5b | 25.2x | 27.5x | 5x |
| Thu, 12 Mar 2026 | ₦5.6t | ₦1.1t | ₦204.5b | 25.2x | 27.6x | 5x |
| Sat, 07 Feb 2026 | ₦5.6t | ₦1.1t | ₦179.6b | 25.2x | 31.4x | 5.1x |
| Mon, 05 Jan 2026 | ₦5.6t | ₦1.1t | ₦179.3b | 25.6x | 31.3x | 5.2x |
| Wed, 03 Dec 2025 | ₦5.6t | ₦1.1t | ₦179.3b | 25.6x | 31.1x | 5.2x |
| Fri, 31 Oct 2025 | ₦5.9t | ₦1.1t | ₦178.6b | 28.5x | 33x | 5.6x |
| Sun, 28 Sep 2025 | ₦5.7t | ₦1.0t | ₦174.9b | 27x | 32.5x | 5.5x |
| Tue, 26 Aug 2025 | ₦5.5t | ₦1.0t | ₦174.9b | 24.6x | 31.4x | 5.3x |
| Thu, 24 Jul 2025 | ₦5.8t | ₦950.7b | ₦166.3b | 25.9x | 34.6x | 6.1x |
| Sat, 21 Jun 2025 | ₦5.7t | ₦925.1b | ₦162.1b | 25.9x | 35.4x | 6.2x |
| Mon, 19 May 2025 | ₦5.8t | ₦925.1b | ₦162.1b | 26.6x | 35.6x | 6.2x |
| Wed, 16 Apr 2025 | ₦6.0t | ₦851.0b | ₦159.0b | 34.2x | 37.8x | 7.1x |
| Fri, 14 Mar 2025 | ₦6.1t | ₦851.0b | ₦159.0b | 34.2x | 38.6x | 7.2x |
| Sun, 09 Feb 2025 | ₦6.0t | ₦809.7b | ₦154.1b | 32.8x | 39.3x | 7.5x |
| Tue, 07 Jan 2025 | ₦6.0t | ₦783.6b | ₦143.7b | 39.6x | 41.9x | 7.7x |
| Thu, 05 Dec 2024 | ₦6.0t | ₦783.6b | ₦143.7b | 39.6x | 41.9x | 7.7x |
| Sat, 02 Nov 2024 | ₦6.0t | ₦783.6b | ₦143.0b | 39.6x | 42.2x | 7.7x |
| Mon, 30 Sep 2024 | ₦5.6t | ₦640.8b | ₦122.4b | 40.4x | 45.7x | 8.7x |
| Wed, 28 Aug 2024 | ₦5.5t | ₦640.8b | ₦122.4b | 44.9x | 44.7x | 8.5x |
| Fri, 26 Jul 2024 | ₦5.8t | ₦521.1b | ₦105.0b | 89.2x | 55.1x | 11.1x |
| Sun, 23 Jun 2024 | ₦5.8t | ₦511.4b | ₦103.9b | 92.7x | 55.7x | 11.3x |
| Tue, 21 May 2024 | ₦5.8t | ₦369.2b | ₦73.7b | 51.4x | 78.4x | 15.6x |
| Thu, 18 Apr 2024 | ₦5.9t | ₦313.1b | ₦49.9b | 58.4x | 117.9x | 18.8x |
| Sat, 16 Mar 2024 | ₦6.0t | ₦276.9b | ₦39.0b | 91.6x | 153.4x | 21.6x |
| Mon, 12 Feb 2024 | ₦2.2t | ₦276.9b | ₦39.0b | 64.6x | 57.4x | 8.1x |
| Wed, 10 Jan 2024 | ₦1.6t | ₦230.9b | ₦25.2b | 64.6x | 62.7x | 6.8x |
| Fri, 08 Dec 2023 | ₦1.3t | ₦230.9b | ₦25.2b | 53.5x | 50.6x | 5.5x |
| Sun, 05 Nov 2023 | ₦1.2t | ₦230.9b | ₦25.2b | 52.2x | 49.3x | 5.4x |
| Tue, 03 Oct 2023 | ₦1.1t | ₦202.5b | ₦22.1b | 55.9x | 49.4x | 5.4x |
| Thu, 31 Aug 2023 | ₦1.1t | ₦202.5b | ₦22.1b | 56.4x | 51.3x | 5.6x |
| Sat, 29 Jul 2023 | ₦1.0t | ₦202.5b | ₦22.1b | 53x | 45.7x | 5x |
| Mon, 26 Jun 2023 | ₦880.5b | ₦179.0b | ₦15.0b | 55.3x | 58.9x | 4.9x |
Price to Earnings Ratio
58.9x
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 136% per year over the last three years.
- Revenues for these companies have grown 82% 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 Market | -3.27% | |
| Utilities | -5.71% | |
| Renewable Energy | -2.22% | |
| Electric Utilities | -6.06% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry even though it's trading below its 3-year average PE ratio of 80.1x.
- Analysts are expecting annual earnings growth of 39.7%, which is higher than its past year's earnings decline of 10.6% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 12.9x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 40% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Electric Utilities industry is expected to see its earnings grow by 40% per year over the next few years.
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 | |||||