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Nigerian (NSE) Utilities Sector Analysis

UpdatedDec 14, 2025
DataAggregated Company Financials
Companies3
  • 7D0.04%
  • 3M-1.6%
  • 1Y-7.2%
  • YTD-7.2%

In the last week, Utilities has been flat. As for the longer term, the industry has declined 7.3% in the last year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Dec 2025₦5.6t₦1.1t₦179.3b25.6x31.2x5.2x
Tue, 11 Nov 2025₦5.9t₦1.1t₦179.3b28.5x32.7x5.5x
Thu, 09 Oct 2025₦5.7t₦1.0t₦174.9b27x32.6x5.5x
Sat, 06 Sep 2025₦5.5t₦1.0t₦174.9b24.6x31.5x5.3x
Mon, 04 Aug 2025₦5.8t₦1.0t₦174.9b27.5x32.9x5.6x
Wed, 02 Jul 2025₦5.7t₦925.1b₦162.1b25.9x35.4x6.2x
Fri, 30 May 2025₦5.8t₦925.1b₦162.1b26.6x35.5x6.2x
Sun, 27 Apr 2025₦6.0t₦869.9b₦167.4b29.6x36x6.9x
Tue, 25 Mar 2025₦6.1t₦851.0b₦159.0b34.2x38.2x7.1x
Thu, 20 Feb 2025₦6.2t₦809.7b₦154.1b34.2x40.3x7.7x
Sat, 18 Jan 2025₦5.8t₦783.6b₦143.7b35.6x40.2x7.4x
Mon, 16 Dec 2024₦6.0t₦783.6b₦143.7b39.6x41.9x7.7x
Wed, 13 Nov 2024₦6.0t₦783.6b₦143.7b39.6x41.9x7.7x
Fri, 11 Oct 2024₦5.6t₦640.8b₦122.4b40.4x45.6x8.7x
Sun, 08 Sep 2024₦5.5t₦640.8b₦122.4b44.9x44.7x8.5x
Tue, 06 Aug 2024₦5.8t₦640.8b₦122.4b50.1x47x9x
Thu, 04 Jul 2024₦5.8t₦511.4b₦103.9b92.7x55.9x11.4x
Sat, 01 Jun 2024₦5.8t₦369.2b₦73.7b51.4x78.4x15.6x
Mon, 29 Apr 2024₦5.9t₦313.1b₦49.9b58.8x117.7x18.8x
Wed, 27 Mar 2024₦5.9t₦276.9b₦39.0b90.2x151.6x21.3x
Fri, 23 Feb 2024₦3.0t₦276.9b₦39.0b87.8x76.2x10.7x
Sun, 21 Jan 2024₦1.9t₦230.9b₦25.2b78.8x76.8x8.4x
Tue, 19 Dec 2023₦1.3t₦230.9b₦25.2b53.7x50.9x5.5x
Thu, 16 Nov 2023₦1.2t₦230.9b₦25.2b52.1x49.1x5.4x
Sat, 14 Oct 2023₦1.1t₦202.5b₦22.1b56.1x49.6x5.4x
Mon, 11 Sep 2023₦1.1t₦202.5b₦22.1b57x50.7x5.5x
Wed, 09 Aug 2023₦955.1b₦202.5b₦22.1b49.9x43.2x4.7x
Fri, 07 Jul 2023₦902.8b₦179.0b₦15.0b57x60.4x5x
Sun, 04 Jun 2023₦903.4b₦179.0b₦15.0b56.6x60.4x5x
Tue, 02 May 2023₦921.7b₦183.3b₦16.9b48.2x54.5x5x
Thu, 30 Mar 2023₦864.4b₦169.5b₦25.9b41.6x33.4x5.1x
Sat, 25 Feb 2023₦690.3b₦169.5b₦25.9b33x26.6x4.1x
Mon, 23 Jan 2023₦397.0b₦177.5b₦35.0b10.6x11.3x2.2x
Wed, 21 Dec 2022₦311.3b₦177.5b₦35.0b8.4x8.9x1.8x
Price to Earnings Ratio

8.9x


Total Market Cap: ₦311.3bTotal Earnings: ₦35.0bTotal Revenue: ₦177.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Utilities Sector Price to Earnings3Y Average 49.2x202320242025
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 125% per year over the last three years.
  • Revenues for these companies have grown 106% 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 Market1.90%
Utilities0.036%
Renewable Energy0.48%
Electric Utilities0%0
Industry PE
  • Investors are most optimistic about the Electric Utilities industry even though it's trading below its 3-year average PE ratio of 82.6x.
    • 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 13.1x.
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
TRANSCORP Transnational Corporation of Nigeria₦42.200.5%
+₦2.0b		-3.0%PE7x

Latest News

TRANSCORP
₦42.20
Transnational Corporation of Nigeria
7D
0.5%
1Y
-3.0%

TRANSCORP PLC – Strategic Expansion in Power & Hospitality Drives Resilient Performance in Q3 2025

Author: Adebara Qudus (Founder of Wane Investment House) Executive Summary Transnational Corporation Plc delivered robust revenue and earnings growth in Q3 2025, underscoring the resilience and strategic execution of its diversified portfolio across power, hospitality, and energy sectors. The Group reported power sector revenue of ₦341.1 billion with ₦93.2 billion PBT, surpassing the full-year 2024 performance, while the hospitality segment achieved ₦72.3 billion revenue and ₦22.4 billion PBT, reflecting operational efficiency, market recovery, and strong consumer demand.