What is a good P/E ratio for NGX stocks?

A P/E ratio below 10 is generally considered low (potentially undervalued) for Nigerian Exchange Group stocks, while ratios above 20 may indicate growth expectations or overvaluation. Banking stocks typically trade at lower P/E ratios (5–12) compared to consumer goods companies (15–30). Always compare within the same sector.

Which NGX stocks pay the highest dividends?

Dividend yield varies across NGX listed companies. Banks like GTCO and Zenith Bank, as well as consumer goods companies like Nigerian Breweries and Nestlé, have historically offered dividend payments. Sort the table by the 'Div %' column to see the current highest-yielding stocks on the Nigerian Exchange Group.

What is market capitalisation on the NGX?

Market capitalisation (market cap) is the total value of all a company's outstanding shares, calculated as share price multiplied by the number of shares. On the NGX, large-cap stocks like MTNN (MTN Nigeria), Airtel Africa, and Dangote Cement have market caps in the trillions of Naira. Market cap is a key indicator of a company's size and relative risk.

What is the fundamental score shown in the table?

The fundamental score (out of 100) is a composite rating calculated from P/E ratio, EPS growth, ROE, dividend yield, P/B ratio, and debt-to-equity ratio. A higher score indicates stronger overall fundamentals. Scores above 60 are generally considered good; scores below 40 may warrant caution.

NGX Stock Fundamentals | P/E Ratio, EPS, ROE — Nigerian Stocks June 30, 2026

📊 126 Stocks ▲ 56 BUY ▼ 29 SELL = 41 HOLD

Symbol	Company	Signal	P/E	EPS	ROE %	Div %	P/B	Mkt Cap	Score
ALEX	ALUMINIUM EXTRUSION IND. PLC.	SELL	-8.20	—	-9.76	—	0.80	₦2.18B	33
CUTIX	CUTIX PLC.	SELL	-394.20	—	-1.37	3.73	5.40	₦18.88B	16.5
DANGCEM	DANGOTE CEMENT PLC	BUY	14.40	66.88	40.28	4.67	5.80	₦16.13T	68
PZ	P Z CUSSONS NIGERIA PLC.	BUY	10.50	9.04	165.71	—	17.40	₦377.00B	66.5
UNIVINSURE	UNIVERSAL INSURANCE PLC	BUY	3.60	0.28	25.00	—	0.90	₦16.16B	90
UPL	UNIVERSITY PRESS PLC.	BUY	12.60	0.45	5.56	2.63	0.70	₦2.46B	64
REDSTAREX	RED STAR EXPRESS PLC	HOLD	26.70	0.92	16.10	1.43	4.30	₦23.43B	51.5
AFRIPRUD	AFRICA PRUDENTIAL PLC	BUY	17.40	0.69	20.69	4.17	3.60	₦48.00B	67.5
JAPAULGOLD	JAPAUL GOLD & VENTURES PLC	SELL	37.20	0.08	5.91	1.38	2.20	₦41.36B	39
SEPLAT	SEPLAT ENERGY PLC	HOLD	29.81	385.61	8.05	2.08	2.40	₦6.76T	49.25
UNIONDICON	UNION DICON SALT PLC.	SELL	140.70	0.17	-3.41	—	-4.80	₦6.49B	34.5
UCAP	UNITED CAPITAL PLC	BUY	9.80	1.78	19.39	5.73	1.90	₦314.10B	77.6
TANTALIZER	TANTALIZERS PLC	SELL	186.80	0.02	2.36	—	4.40	₦20.75B	27
CORNERST	CORNERSTONE INSURANCE PLC	BUY	8.70	0.67	16.09	4.83	1.40	₦104.63B	77.6
NSLTECH	SECURE ELECTRONIC TECHNOLOGY PLC	SELL	-27.10	—	-4.80	—	1.30	₦4.51B	29
ABCTRANS	ASSOCIATED BUS COMPANY PLC	HOLD	19.30	0.40	47.67	0.77	9.20	₦18.66B	59.5
FTNCOCOA	FTN COCOA PROCESSORS PLC	HOLD	23.50	0.33	113.19	—	26.60	₦30.03B	56
GEREGU	GEREGU POWER PLC	HOLD	121.20	7.57	31.19	0.98	37.80	₦2.29T	44.5
THOMASWY	THOMAS WYATT NIG. PLC.	SELL	-34.70	—	-8.07	—	2.80	₦1.09B	25
JULI	JULI PLC.	SELL	47.70	0.15	3.98	—	1.90	₦1.45B	39.5
ELLAHLAKES	ELLAH LAKES PLC.	SELL	-17.00	—	-16.47	—	2.80	₦51.02B	25
INTBREW	INTERNATIONAL BREWERIES PLC.	SELL	42.70	0.24	7.96	—	3.40	₦1.76T	37.5
SFSREIT	SFS REAL ESTATE INVESTMENT TRUST	BUY	12.60	33.23	10.32	6.76	1.30	₦8.38B	70
JBERGER	JULIUS BERGER NIG. PLC.	HOLD	17.30	17.97	9.83	1.37	1.70	₦497.28B	53.5
OANDO	OANDO PLC	BUY	2.40	16.83	-50.00	—	-1.20	₦589.42B	63
ETERNA	ETERNA PLC.	HOLD	16.80	1.65	39.29	1.80	6.60	₦60.67B	59.5
FCMB	FCMB GROUP PLC.	BUY	3.10	3.21	19.35	3.52	0.60	₦656.25B	83.5
LIVINGTRUST	LIVINGTRUST MORTGAGE BANK PLC	BUY	17.90	0.20	20.11	2.21	3.60	₦18.10B	65.5
ARADEL	ARADEL HOLDINGS PLC	BUY	7.80	181.73	58.97	2.33	4.60	₦6.16T	73.6
JOHNHOLT	JOHN HOLT PLC.	BUY	6.30	1.78	12.70	—	0.80	₦4.36B	76.5
GTCO	GUARANTY TRUST HOLDING COMPANY PLC	BUY	5.70	22.44	22.81	9.98	1.30	₦4.67T	88
NCR	NCR (NIGERIA) PLC.	SELL	89.80	1.80	-4.34	—	-3.90	₦17.41B	34.5
MULTIVERSE	MULTIVERSE MINING AND EXPLORATION PLC	HOLD	17.80	1.43	34.83	0.39	6.20	₦10.87B	59.5
FTGINSURE	FORTIS GLOBAL INSURANCE PLC	SELL	-6.80	—	-20.59	—	1.40	₦12.78B	29
LASACO	LASACO ASSURANCE PLC.	SELL	-11.80	—	-7.63	—	0.90	₦20.62B	33
NAHCO	NIGERIAN AVIATION HANDLING COMPANY PLC	BUY	18.70	7.94	57.75	3.68	10.80	₦330.78B	61.5
ROYALEX	ROYAL EXCHANGE PLC.	BUY	12.70	0.10	11.81	—	1.50	₦10.83B	66.5
VITAFOAM	VITAFOAM NIG PLC.	HOLD	17.60	10.74	42.61	1.32	7.50	₦283.69B	59.5
BUAFOODS	BUA FOODS PLC	HOLD	31.60	29.72	62.66	2.98	19.80	₦16.90T	51
UNITYBNK	UNITY BANK PLC	BUY	-0.20	—	20.00	—	-0.04	₦17.65B	61.5
UNILEVER	UNILEVER NIGERIA PLC.	HOLD	23.90	5.86	29.29	2.68	7.00	₦804.30B	55.5
CWG	CWG PLC	BUY	10.10	1.98	47.52	3.50	4.80	₦50.50B	70
CHELLARAM	CHELLARAMS PLC.	HOLD	20.60	0.64	10.68	—	2.20	₦9.54B	52
SUNUASSUR	SUNU ASSURANCES NIGERIA PLC.	HOLD	19.50	0.18	7.18	2.78	1.40	₦20.92B	55.5
UBA	UNITED BANK FOR AFRICA PLC	BUY	5.40	7.38	7.41	—	0.40	₦1.76T	70.5
NIDF	CHAPEL HILL DENHAM NIG. INFRAS DEBT FUND	BUY	6.48	19.61	17.97	15.40	1.16	₦151.94B	83.5
WAPCO	LAFARGE AFRICA PLC.	BUY	15.90	19.96	40.88	3.78	6.50	₦5.11T	61.5
FIDELITYBK	FIDELITY BANK PLC	BUY	5.10	3.57	15.69	—	0.80	₦1.15T	82.5
RTBRISCOE	R T BRISCOE PLC.	BUY	4.20	2.81	-66.67	—	-2.80	₦13.88B	61.5
ABBEYBDS	ABBEY MORTGAGE BANK PLC	HOLD	32.20	0.25	22.05	1.49	7.10	₦81.74B	49
FIDSON	FIDSON HEALTHCARE PLC	HOLD	21.70	4.66	31.80	1.48	6.90	₦242.88B	53.5
HONYFLOUR	HONEYWELL FLOUR MILL PLC	BUY	7.60	2.09	30.26	1.26	2.30	₦125.69B	75.6
MCNICHOLS	MCNICHOLS PLC	HOLD	22.60	0.38	40.27	0.47	9.10	₦9.60B	53.5
UPDCREIT	UPDC REAL ESTATE INVESTMENT TRUST	BUY	5.90	1.69	11.86	5.50	0.70	₦26.68B	78
MEYER	MEYER PLC.	HOLD	23.50	0.88	19.15	2.18	4.50	₦10.25B	53.5
NEIMETH	NEIMETH INTERNATIONAL PHARMACEUTICALS PLC	HOLD	35.80	0.23	36.03	—	12.90	₦35.25B	51.5
PREMPAINTS	PREMIER PAINTS PLC.	SELL	-1075.10	—	1.54	—	-16.60	₦3.74B	37.5
NEM	NEM INSURANCE PLC	BUY	9.60	3.02	17.71	5.17	1.70	₦145.48B	77.6
TRANSCOHOT	TRANSCORP HOTELS PLC	HOLD	101.70	2.20	25.27	0.58	25.70	₦2.29T	44.5
UHOMREIT	UH REAL ESTATE INVESTMENT TRUST	BUY	0.70	100.00	71.43	7.21	0.50	₦13.17B	95
STANBIC	STANBIC IBTC HOLDINGS PLC	BUY	6.30	25.87	33.33	3.99	2.10	₦2.59T	80
TIP	THE INITIATES PLC	BUY	6.10	4.75	60.66	0.34	3.70	₦25.81B	74
ETI	ECOBANK TRANSNATIONAL INCORPORATED	BUY	3.00	31.73	20.00	2.31	0.60	₦1.73T	89.5
MULTITREX	MULTI-TREX INTEGRATED FOODS PLC	SELL	-4.80	—	-4.17	—	0.20	₦2.24B	33
UPDC	UPDC PLC	SELL	64.40	0.05	9.16	0.31	5.90	₦60.32B	26.5
DANGSUGAR	DANGOTE SUGAR REFINERY PLC	SELL	-38.80	—	-14.43	—	5.60	₦825.99B	17
AUSTINLAZ	AUSTIN LAZ & COMPANY PLC	SELL	-238.80	—	-1.13	—	2.70	₦3.69B	25
MTNN	MTN NIGERIA COMMUNICATIONS PLC	BUY	13.00	63.85	148.46	3.61	19.30	₦17.41T	66
WAPIC	CORONATION INSURANCE PLC	BUY	8.10	0.29	13.58	—	1.10	₦57.10B	70.1
CADBURY	CADBURY NIGERIA PLC.	HOLD	21.40	2.90	38.79	—	8.30	₦141.61B	56
GUINNESS	GUINNESS NIG PLC	HOLD	26.00	14.06	57.31	1.09	14.90	₦800.58B	53.5
SOVRENINS	SOVEREIGN TRUST INSURANCE PLC	SELL	91.30	0.02	1.97	—	1.80	₦27.89B	35
MOFIREIF	MOFI REAL ESTATE INVESTMENT FUND	BUY	8.52	11.74	11.30	—	0.96	₦250.00B	70.5
CHAMPION	CHAMPION BREW. PLC.	SELL	105.60	0.13	2.84	0.51	3.00	₦155.13B	24.5
GUINEAINS	GUINEA INSURANCE PLC.	SELL	-63.10	—	-2.54	—	1.60	₦8.18B	29
NREIT	NIGERIA REAL ESTATE INV. TRUST FUND	BUY	6.53	15.78	13.70	—	0.89	₦163.63B	70.5
CILEASING	C & I LEASING PLC.	BUY	6.20	0.85	4.84	1.90	0.30	₦15.48B	62
IMG	INDUSTRIAL & MEDICAL GASES NIGERIA PLC	HOLD	24.80	1.38	8.47	1.47	2.10	₦24.93B	43.5
ZENITHBANK	ZENITH BANK PLC	BUY	4.50	25.54	20.00	8.70	0.90	₦4.72T	93.5
DAARCOMM	DAAR COMMUNICATIONS PLC	SELL	-27.30	—	-2.56	—	0.70	₦12.24B	33
BUACEMENT	BUA CEMENT PLC	HOLD	25.50	13.34	53.33	2.94	13.60	₦11.52T	55.5
NGXGROUP	NIGERIAN EXCHANGE GROUP	HOLD	25.20	4.76	21.43	1.88	5.40	₦314.26B	53.5
NPFMCRFBK	NPF MICROFINANCE BANK PLC	BUY	10.10	0.50	17.82	4.00	1.80	₦29.96B	74
ACADEMY	ACADEMY PRESS PLC.	SELL	45.50	0.15	11.43	1.87	5.20	₦6.08B	37
WEMABANK	WEMA BANK PLC.	BUY	5.60	4.82	30.36	4.63	1.70	₦1.08T	86
CAP	CAP PLC	HOLD	23.10	7.58	38.96	2.28	9.00	₦142.66B	55.5
NB	NIGERIAN BREW. PLC.	HOLD	20.30	3.57	17.73	—	3.60	₦2.25T	54
MBENEFIT	MUTUAL BENEFITS ASSURANCE PLC.	BUY	3.50	0.97	28.57	1.18	1.00	₦68.21B	83.5
NASCON	NASCON ALLIED INDUSTRIES PLC	BUY	16.60	13.22	43.98	2.73	7.30	₦593.18B	61.5
FIRSTHOLDCO	FIRST HOLDCO PLC	BUY	11.10	5.45	7.21	—	0.80	₦2.69T	64.5
IKEJAHOTEL	IKEJA HOTEL PLC	BUY	6.60	6.55	30.30	0.90	2.00	₦93.41B	78
CAVERTON	CAVERTON OFFSHORE SUPPORT GRP PLC	BUY	-1.50	—	126.67	—	-1.90	₦17.26B	61.5
ETRANZACT	E-TRANZACT INTERNATIONAL PLC	SELL	57.80	0.26	13.84	0.85	8.00	₦135.70B	32.5
MAYBAKER	MAY & BAKER NIGERIA PLC.	BUY	15.10	2.65	30.46	1.00	4.60	₦69.01B	63.5
PRESCO	PRESCO PLC	HOLD	21.80	105.50	25.69	1.27	5.60	₦2.68T	53.5
CONHALLPLC	CONSOLIDATED HALLMARK HOLDINGS PLC	BUY	7.70	0.78	19.48	5.00	1.50	₦65.04B	77.6
LEARNAFRCA	LEARN AFRICA PLC	BUY	10.70	0.93	17.76	3.11	1.90	₦8.68B	72
REGALINS	REGENCY ASSURANCE PLC	HOLD	20.40	0.04	4.41	—	0.90	₦12.64B	48
CONOIL	CONOIL PLC	HOLD	25.20	8.33	13.49	0.95	3.40	₦145.73B	45.5
LINKASSURE	LINKAGE ASSURANCE PLC	BUY	3.40	0.46	14.71	—	0.50	₦29.01B	78
ACCESSCORP	ACCESS HOLDINGS PLC	BUY	1.60	14.34	18.75	—	0.30	₦1.22T	85.5
INFINITY	INFINITY TRUST MORTGAGE BANK PLC	HOLD	31.20	0.36	26.92	1.56	8.40	₦93.84B	49
UACN	U A C N PLC.	HOLD	26.20	7.06	25.57	0.54	6.70	₦541.33B	53.5
OKOMUOIL	OKOMU OIL PALM PLC.	HOLD	22.60	62.74	82.74	3.88	18.70	₦1.35T	55.5
JAIZBANK	JAIZ BANK PLC	BUY	11.90	0.70	31.93	1.33	3.80	₦370.09B	68
CNIF	CORONATION INFRASTRUCTURE FUND	BUY	4.96	22.20	20.05	—	0.99	₦9.67B	82.5
PRESTIGE	PRESTIGE ASSURANCE PLC	HOLD	33.70	0.04	2.67	—	0.90	₦19.22B	43.5
TRANSPOWER	TRANSCORP POWER PLC	HOLD	20.80	11.80	41.35	2.24	8.60	₦1.84T	55.5
VANLEER	GREIF NIGERIA PLC	SELL	—	-0.74	-29.72	—	2.20	₦232.39M	38
ENAMELWA	NIGERIAN ENAMELWARE PLC.	HOLD	-70.10	—	5.71	—	-4.00	₦3.09B	43.5
NESTLE	NESTLE NIGERIA PLC.	HOLD	21.80	143.35	220.18	—	48.00	₦2.48T	56
DEAPCAP	DEAP CAPITAL MANAGEMENT & TRUST PLC	SELL	-48.90	—	-9.61	—	4.70	₦5.63B	21
OMATEK	OMATEK VENTURES PLC	SELL	-92.60	—	-10.26	—	9.50	₦5.77B	17
TOTAL	TOTALENERGIES MARKETING NIGERIA PLC	SELL	-17.30	—	-26.01	—	4.50	₦217.29B	21
TRANSCORP	TRANSNATIONAL CORPORATION PLC	BUY	4.80	8.65	35.42	4.82	1.70	₦421.72B	87.5
CUSTODIAN	CUSTODIAN INVESTMENT PLC	BUY	6.10	11.99	32.79	3.08	2.00	₦430.26B	80
MECURE	MECURE INDUSTRIES PLC	HOLD	52.50	1.81	34.10	0.34	17.90	₦379.60B	44.5
VERITASKAP	VERITAS KAPITAL ASSURANCE PLC	BUY	5.50	0.26	20.00	—	1.10	₦20.11B	84.5
BETAGLAS	BETA GLASS PLC.	BUY	10.90	51.63	29.36	1.28	3.20	₦337.66B	68
STERLINGNG	STERLING FINANCIAL HOLDINGS COMPANY PLC	BUY	6.40	1.21	15.63	—	1.00	₦530.89B	78.5
CHAMS	CHAMS HOLDING COMPANY PLC	SELL	47.60	0.08	5.46	0.75	2.60	₦36.18B	39
SKYAVN	SKYWAY AVIATION HANDLING COMPANY PLC	HOLD	27.30	6.27	13.19	0.70	3.60	₦231.73B	45.5
BERGER	BERGER PAINTS PLC	HOLD	24.90	5.93	31.73	1.12	7.90	₦42.78B	53.5
INTENEGINS	INTERNATIONAL ENERGY INSURANCE PLC	HOLD	29.60	0.20	5.07	—	1.50	₦14.67B	50
VFDGROUP	VFD GROUP PLC	HOLD	17.30	0.61	7.51	2.38	1.30	₦133.02B	55.5
AIICO	AIICO INSURANCE PLC.	BUY	8.10	0.50	17.28	1.74	1.40	₦147.15B	73.6

No stocks found matching your search.

Understanding NGX Stock Fundamentals

Fundamental analysis helps Nigerian investors assess the intrinsic value of NGX listed stocks beyond daily price movements.

P/E Ratio

Price divided by earnings per share. Lower values may indicate undervaluation.

EPS

Earnings Per Share — company profit divided by outstanding shares.

ROE

Return on Equity — how efficiently a company uses shareholder funds to generate profit.

Dividend Yield

Annual dividend as a percentage of the stock price.

P/B Ratio

Price-to-Book — compares market value to book value of assets.

Market Cap

Total market value of all outstanding shares of the company.

Frequently Asked Questions

A P/E ratio below 10 is generally considered low (potentially undervalued) for NGX stocks, while ratios above 20 may indicate growth expectations. Banking stocks typically trade at lower P/E ratios (5–12) compared to consumer goods companies (15–30). Always compare within the same sector.

EPS (Earnings Per Share) is the portion of a company's profit allocated to each outstanding share. For NGX-listed companies, EPS is reported in Naira (₦). A consistently growing EPS indicates improving profitability. Negative EPS means the company is running at a loss.

Return on Equity (ROE) measures how effectively management uses shareholders' capital to generate profit. An ROE above 15% is generally considered strong for Nigerian companies. Low or negative ROE may signal operational challenges.

Dividend yield varies across NGX listed companies. Banks like GTCO and Zenith Bank, as well as consumer goods companies, have historically offered strong dividend payments. Sort the table by the 'Div %' column to see the current highest-yielding stocks.

The fundamental score (out of 100) is a composite rating calculated from P/E ratio, EPS, ROE, dividend yield, P/B ratio, and debt-to-equity. Scores above 60 are generally considered good; scores below 40 may warrant caution.

Market cap is the total value of all a company's outstanding shares (share price × shares outstanding). Large-cap stocks like MTNN (MTN Nigeria) and Airtel Africa have market caps in the trillions of Naira and are generally considered lower-risk than small-cap stocks.