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 5, 2026

📊 125 Stocks ▲ 63 BUY ▼ 27 SELL = 35 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	31.5
CUTIX	CUTIX PLC.	SELL	-450.10	—	-1.36	3.27	6.10	₦22.40B	21.5
DANGCEM	DANGOTE CEMENT PLC	BUY	17.70	66.67	40.11	3.81	7.10	₦19.77T	66.25
PZ	P Z CUSSONS NIGERIA PLC.	BUY	10.50	9.04	165.71	—	17.40	₦348.61B	68
UNIVINSURE	UNIVERSAL INSURANCE PLC	BUY	3.90	0.28	23.08	—	0.90	₦17.60B	82.5
UPL	UNIVERSITY PRESS PLC.	BUY	11.70	0.45	5.13	2.83	0.60	₦2.44B	64
REDSTAREX	RED STAR EXPRESS PLC	HOLD	33.40	0.92	16.17	1.14	5.40	₦29.25B	46.25
AFRIPRUD	AFRICA PRUDENTIAL PLC	BUY	19.30	0.69	20.21	3.76	3.90	₦53.20B	69.25
JAPAULGOLD	JAPAUL GOLD & VENTURES PLC	HOLD	44.50	0.08	6.07	1.15	2.70	₦47.92B	40.25
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
UCAP	UNITED CAPITAL PLC	BUY	10.40	1.78	19.23	5.39	2.00	₦325.80B	74
CORNERST	CORNERSTONE INSURANCE PLC	BUY	12.70	0.46	11.81	4.66	1.50	₦104.63B	71
NSLTECH	SECURE ELECTRONIC TECHNOLOGY PLC	SELL	-29.80	—	-4.70	—	1.40	₦4.84B	28.5
ABCTRANS	ASSOCIATED BUS COMPANY PLC	BUY	15.40	0.40	47.40	0.97	7.30	₦14.83B	62.25
FTNCOCOA	FTN COCOA PROCESSORS PLC	HOLD	25.30	0.33	113.04	—	28.60	₦32.37B	59.25
GEREGU	GEREGU POWER PLC	HOLD	149.60	7.57	31.15	0.79	46.60	₦2.83T	48.5
THOMASWY	THOMAS WYATT NIG. PLC.	SELL	-24.80	—	-5.65	—	1.40	₦605.00M	28.5
JULI	JULI PLC.	SELL	47.70	0.15	3.98	—	1.90	₦1.45B	39.25
ELLAHLAKES	ELLAH LAKES PLC.	SELL	-12.80	—	-16.41	—	2.10	₦38.00B	25.5
INTBREW	INTERNATIONAL BREWERIES PLC.	SELL	46.20	0.24	8.01	—	3.70	₦2.11T	39.25
SFSREIT	SFS REAL ESTATE INVESTMENT TRUST	BUY	12.60	33.23	10.32	6.76	1.30	₦8.38B	75
JBERGER	JULIUS BERGER NIG. PLC.	HOLD	17.30	17.97	9.83	1.37	1.70	₦497.28B	53.25
OANDO	OANDO PLC	HOLD	2.90	16.55	-48.28	—	-1.40	₦700.30B	54
ETERNA	ETERNA PLC.	BUY	18.10	1.66	39.78	1.67	7.20	₦65.04B	62.25
FCMB	FCMB GROUP PLC.	BUY	4.30	2.57	20.93	4.98	0.90	₦748.58B	88.5
LIVINGTRUST	LIVINGTRUST MORTGAGE BANK PLC	BUY	19.60	0.20	19.90	2.02	3.90	₦19.80B	63.25
ARADEL	ARADEL HOLDINGS PLC	BUY	19.10	91.62	25.65	1.71	4.90	₦7.60T	65.25
JOHNHOLT	JOHN HOLT PLC.	BUY	8.40	1.77	13.10	—	1.10	₦5.80B	67.5
GTCO	GUARANTY TRUST HOLDING COMPANY PLC	BUY	6.10	22.27	22.95	9.39	1.40	₦4.93T	89.5
NCR	NCR (NIGERIA) PLC.	SELL	98.10	1.64	-3.98	—	-3.90	₦17.41B	34
MULTIVERSE	MULTIVERSE MINING AND EXPLORATION PLC	BUY	17.90	1.43	34.64	0.39	6.20	₦10.93B	62.25
FTGINSURE	FORTIS GLOBAL INSURANCE PLC	SELL	-7.60	—	-18.42	—	1.40	₦12.91B	28.5
LASACO	LASACO ASSURANCE PLC.	SELL	-13.00	—	-7.69	—	1.00	₦22.28B	28.5
NAHCO	NIGERIAN AVIATION HANDLING COMPANY PLC	BUY	23.80	7.96	57.98	2.89	13.80	₦422.11B	61.25
ROYALEX	ROYAL EXCHANGE PLC.	BUY	15.00	0.10	12.00	—	1.80	₦12.15B	61.25
VITAFOAM	VITAFOAM NIG PLC.	BUY	18.10	10.72	42.54	1.29	7.70	₦291.20B	62.25
BUAFOODS	BUA FOODS PLC	HOLD	32.50	29.75	62.46	2.90	20.30	₦17.41T	56.25
UNITYBNK	UNITY BANK PLC	BUY	-0.20	—	20.00	—	-0.04	₦17.65B	60
UNILEVER	UNILEVER NIGERIA PLC.	BUY	26.60	5.86	29.32	2.40	7.80	₦896.22B	61.25
CWG	CWG PLC	BUY	11.10	1.98	47.75	3.18	5.30	₦54.03B	70
CHELLARAM	CHELLARAMS PLC.	HOLD	20.60	0.64	10.68	—	2.20	₦9.54B	53.25
SUNUASSUR	SUNU ASSURANCES NIGERIA PLC.	HOLD	24.20	0.19	7.44	2.23	1.80	₦26.03B	52.25
UBA	UNITED BANK FOR AFRICA PLC	BUY	5.90	7.39	8.47	—	0.50	₦1.91T	64.5
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	16.50	20.00	40.61	3.64	6.70	₦5.15T	66.25
FIDELITYBK	FIDELITY BANK PLC	BUY	5.80	3.55	15.52	—	0.90	₦1.26T	76.5
RTBRISCOE	R T BRISCOE PLC.	HOLD	5.30	2.80	-66.04	—	-3.50	₦17.48B	54
ABBEYBDS	ABBEY MORTGAGE BANK PLC	HOLD	37.40	0.25	22.19	1.28	8.30	₦86.31B	52.25
FIDSON	FIDSON HEALTHCARE PLC	HOLD	29.30	4.66	32.08	1.10	9.40	₦327.60B	57.25
HONYFLOUR	HONEYWELL FLOUR MILL PLC	BUY	8.80	2.09	30.68	—	2.70	₦145.52B	76.5
MCNICHOLS	MCNICHOLS PLC	HOLD	20.40	0.38	40.20	0.52	8.20	₦8.64B	57.25
UPDCREIT	UPDC REAL ESTATE INVESTMENT TRUST	BUY	5.90	1.71	11.86	5.45	0.70	₦26.95B	76.5
MEYER	MEYER PLC.	HOLD	23.50	0.88	19.15	2.18	4.50	₦10.25B	58.25
NEIMETH	NEIMETH INTERNATIONAL PHARMACEUTICALS PLC	HOLD	46.00	0.23	35.87	—	16.50	₦45.29B	54.25
PREMPAINTS	PREMIER PAINTS PLC.	SELL	-1193.60	—	1.54	—	-18.40	₦4.15B	36
NEM	NEM INSURANCE PLC	BUY	10.00	3.00	17.00	5.00	1.70	₦150.49B	77
TRANSCOHOT	TRANSCORP HOTELS PLC	HOLD	101.70	2.20	25.27	0.58	25.70	₦2.29T	48.5
UHOMREIT	UH REAL ESTATE INVESTMENT TRUST	BUY	0.90	94.11	66.67	5.96	0.60	₦15.93B	88.5
STANBIC	STANBIC IBTC HOLDINGS PLC	BUY	6.40	25.63	32.81	3.96	2.10	₦2.61T	78.5
TIP	THE INITIATES PLC	BUY	6.00	4.73	61.67	0.35	3.70	₦24.83B	71.5
ETI	ECOBANK TRANSNATIONAL INCORPORATED	BUY	4.00	24.35	20.00	2.24	0.80	₦2.31T	84.5
MULTITREX	MULTI-TREX INTEGRATED FOODS PLC	SELL	-4.80	—	-4.17	—	0.20	₦2.24B	31.5
UPDC	UPDC PLC	SELL	74.30	0.05	9.15	0.27	6.80	₦72.38B	30.5
DANGSUGAR	DANGOTE SUGAR REFINERY PLC	SELL	-41.10	—	-14.36	—	5.90	₦854.53B	19.5
AUSTINLAZ	AUSTIN LAZ & COMPANY PLC	SELL	-255.10	—	-1.14	—	2.90	₦3.94B	25.5
MTNN	MTN NIGERIA COMMUNICATIONS PLC	BUY	12.00	63.58	147.50	3.93	17.70	₦16.00T	70
WAPIC	CORONATION INSURANCE PLC	BUY	9.50	0.29	13.68	—	1.30	₦64.54B	67.5
CADBURY	CADBURY NIGERIA PLC.	HOLD	23.70	2.91	38.82	—	9.20	₦157.34B	59.25
GUINNESS	GUINNESS NIG PLC	HOLD	28.60	14.08	57.34	0.99	16.40	₦881.85B	57.25
SOVRENINS	SOVEREIGN TRUST INSURANCE PLC	SELL	116.00	0.02	1.98	—	2.30	₦32.72B	32.5
MOFIREIF	MOFI REAL ESTATE INVESTMENT FUND	BUY	8.52	11.74	11.30	—	0.96	₦250.00B	70.5
CHAMPION	CHAMPION BREW. PLC.	SELL	100.90	0.13	2.87	0.53	2.90	₦148.34B	30.5
GUINEAINS	GUINEA INSURANCE PLC.	SELL	-68.60	—	-2.48	—	1.70	₦8.90B	28.5
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	7.30	0.84	5.48	1.63	0.40	₦17.99B	62.5
IMG	INDUSTRIAL & MEDICAL GASES NIGERIA PLC	HOLD	27.70	1.38	8.30	1.31	2.30	₦27.85B	45.25
ZENITHBANK	ZENITH BANK PLC	BUY	4.90	25.34	20.41	8.05	1.00	₦5.13T	89.5
DAARCOMM	DAAR COMMUNICATIONS PLC	SELL	-35.30	—	-2.55	—	0.90	₦14.40B	31.5
BUACEMENT	BUA CEMENT PLC	BUY	28.40	13.31	53.17	2.65	15.10	₦12.80T	61.25
NGXGROUP	NIGERIAN EXCHANGE GROUP	HOLD	28.80	4.76	21.18	1.64	6.10	₦358.78B	57.25
NPFMCRFBK	NPF MICROFINANCE BANK PLC	BUY	11.10	0.49	18.02	3.67	2.00	₦31.16B	70
ACADEMY	ACADEMY PRESS PLC.	SELL	56.10	0.15	11.41	1.52	6.40	₦8.30B	36.5
WEMABANK	WEMA BANK PLC.	BUY	6.20	4.84	30.65	4.17	1.90	₦1.20T	85.5
CAP	CAP PLC	BUY	23.10	7.58	38.96	2.28	9.00	₦142.66B	61.25
NB	NIGERIAN BREW. PLC.	HOLD	22.40	3.57	17.86	—	4.00	₦2.48T	56.25
MBENEFIT	MUTUAL BENEFITS ASSURANCE PLC.	BUY	4.40	0.97	29.55	0.47	1.30	₦84.06B	77.5
NASCON	NASCON ALLIED INDUSTRIES PLC	BUY	16.60	13.22	43.98	2.73	7.30	₦593.18B	66.25
FIRSTHOLDCO	FIRST HOLDCO PLC	BUY	11.40	5.44	7.02	—	0.80	₦2.76T	62
IKEJAHOTEL	IKEJA HOTEL PLC	BUY	6.70	6.57	31.34	0.89	2.10	₦95.14B	74.5
CAVERTON	CAVERTON OFFSHORE SUPPORT GRP PLC	BUY	-1.70	—	129.41	—	-2.20	₦20.10B	60
ETRANZACT	E-TRANZACT INTERNATIONAL PLC	SELL	70.60	0.25	13.88	0.69	9.80	₦165.60B	36.5
MAYBAKER	MAY & BAKER NIGERIA PLC.	BUY	17.80	2.64	30.34	0.85	5.40	₦81.09B	62.25
PRESCO	PRESCO PLC	HOLD	21.80	105.50	25.69	1.27	5.60	₦2.68T	57.25
CONHALLPLC	CONSOLIDATED HALLMARK HOLDINGS PLC	BUY	7.70	0.78	20.78	4.98	1.60	₦68.51B	85.5
LEARNAFRCA	LEARN AFRICA PLC	BUY	12.30	0.93	17.89	2.71	2.20	₦9.98B	70
REGALINS	REGENCY ASSURANCE PLC	HOLD	26.10	0.04	4.21	—	1.10	₦16.17B	44.25
CONOIL	CONOIL PLC	SELL	67.00	2.90	5.07	1.80	3.40	₦134.63B	33.5
LINKASSURE	LINKAGE ASSURANCE PLC	BUY	3.90	0.46	15.38	—	0.60	₦31.60B	76.5
ACCESSCORP	ACCESS HOLDINGS PLC	BUY	1.70	13.88	17.65	—	0.30	₦1.27T	76.5
INFINITY	INFINITY TRUST MORTGAGE BANK PLC	HOLD	25.90	0.36	27.03	1.87	7.00	₦77.99B	57.25
UACN	U A C N PLC.	HOLD	25.60	7.06	25.39	0.55	6.50	₦511.78B	57.25
OKOMUOIL	OKOMU OIL PALM PLC.	BUY	27.90	62.72	82.80	3.14	23.10	₦1.67T	61.25
JAIZBANK	JAIZ BANK PLC	BUY	12.30	0.70	31.71	1.29	3.90	₦379.01B	69
CNIF	CORONATION INFRASTRUCTURE FUND	BUY	4.96	22.20	20.05	—	0.99	₦9.67B	82.5
PRESTIGE	PRESTIGE ASSURANCE PLC	HOLD	34.40	0.04	2.62	—	0.90	₦19.61B	42.25
TRANSPOWER	TRANSCORP POWER PLC	BUY	20.80	11.80	41.35	2.24	8.60	₦1.84T	61.25
VANLEER	GREIF NIGERIA PLC	SELL	—	-0.74	-29.72	—	2.20	₦232.39M	38
ENAMELWA	NIGERIAN ENAMELWARE PLC.	HOLD	-63.70	—	5.65	—	-3.60	₦2.81B	42
NESTLE	NESTLE NIGERIA PLC.	HOLD	21.80	143.35	220.18	—	48.00	₦2.48T	59.25
DEAPCAP	DEAP CAPITAL MANAGEMENT & TRUST PLC	SELL	-70.50	—	-9.65	—	6.80	₦8.10B	19.5
OMATEK	OMATEK VENTURES PLC	SELL	-97.70	—	-10.24	—	10.00	₦5.97B	19.5
TOTAL	TOTALENERGIES MARKETING NIGERIA PLC	SELL	-17.30	—	-26.01	—	4.50	₦217.29B	22.5
TRANSCORP	TRANSNATIONAL CORPORATION PLC	BUY	5.00	8.60	34.00	4.65	1.70	₦436.97B	85.5
CUSTODIAN	CUSTODIAN INVESTMENT PLC	BUY	6.90	12.03	33.33	2.71	2.30	₦488.19B	78.5
MECURE	MECURE INDUSTRIES PLC	HOLD	52.50	1.81	34.10	0.34	17.90	₦379.60B	48.5
VERITASKAP	VERITAS KAPITAL ASSURANCE PLC	BUY	6.00	0.26	20.00	—	1.20	₦22.19B	79.5
BETAGLAS	BETA GLASS PLC.	BUY	10.90	51.63	29.36	1.28	3.20	₦337.66B	69
STERLINGNG	STERLING FINANCIAL HOLDINGS COMPANY PLC	BUY	6.40	1.20	15.63	—	1.00	₦544.59B	73.5
CHAMS	CHAMS HOLDING COMPANY PLC	HOLD	47.90	0.08	5.43	0.74	2.60	₦36.90B	40.25
SKYAVN	SKYWAY AVIATION HANDLING COMPANY PLC	HOLD	24.80	6.28	13.31	0.77	3.30	₦210.82B	48.25
BERGER	BERGER PAINTS PLC	HOLD	24.90	5.93	31.73	1.12	7.90	₦42.78B	57.25
INTENEGINS	INTERNATIONAL ENERGY INSURANCE PLC	HOLD	37.10	0.20	5.12	—	1.90	₦16.72B	45.25
VFDGROUP	VFD GROUP PLC	HOLD	17.30	0.61	7.51	2.38	1.30	₦141.89B	57.25
AIICO	AIICO INSURANCE PLC.	BUY	9.00	0.50	17.78	1.56	1.60	₦164.72B	71.5

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.