Most Overvalued Stocks
110 stocks matched · Updated daily after market close
This screen shows NGX stocks with the highest Price-to-Earnings ratios. A very high P/E can mean one of two things: the market expects exceptional future earnings growth and is paying a premium for it, or the stock is simply overpriced relative to its current profits. Investors should use this list with caution — high P/E stocks can fall sharply if earnings disappoint.
Most Overvalued Stocks — 110 Stocks
Sorted by signal strength| Company | Sector | Price (₦) | % Change | Volume | Mkt Cap | P/E | EPS (₦) |
|---|---|---|---|---|---|---|---|
|
PREMIER PAINTS PLC.
PREMPAINTS |
INDUSTRIAL GOODS | ₦0.0000 | +0.0000% | 6,297 | 4,612,500,000 | 2314.3500 | 0.0200 |
|
EUNISELL INTERLINKED PLC
EUNISELL |
SERVICES | ₦0.0000 | +0.0000% | 1,682 | 40,227,083,594 | 841.2200 | 0.2000 |
|
TANTALIZERS PLC
TANTALIZER |
SERVICES | ₦4.0000 | +2.0400% | 1,698,431 | 19,600,000,000 | 268.0900 | 0.0100 |
|
MORISON INDUSTRIES PLC.
MORISON |
HEALTHCARE | ₦0.0000 | +0.0000% | 3,708 | 14,808,240,000 | 213.9700 | 0.0600 |
|
NCR (NIGERIA) PLC.
NCR |
ICT | ₦0.0000 | +0.0000% | 4,095 | 21,492,000,000 | 109.3400 | 1.8200 |
|
CUTIX PLC.
CUTIX |
INDUSTRIAL GOODS | ₦0.0000 | +0.0000% | 501,934 | 23,953,979,554 | 107.1000 | 0.0300 |
|
GEREGU POWER PLC
GEREGU |
UTILITIES | ₦0.0000 | +0.0000% | 961 | 2,831,250,000,000 | 103.9000 | 10.9000 |
|
TRANSCORP HOTELS PLC
TRANSCOHOT |
SERVICES | ₦0.0000 | +0.0000% | 14,494 | 2,079,233,267,433 | 95.0700 | 2.1400 |
|
UPDC PLC
UPDC |
CONSTRUCTION/REAL ESTATE | ₦4.6000 | -6.1200% | 2,148,974 | 90,943,852,686 | 94.2700 | 0.0500 |
|
E-TRANZACT INTERNATIONAL PLC
ETRANZACT |
ICT | ₦0.0000 | +0.0000% | 109,126 | 188,599,996,228 | 76.3700 | 0.2700 |
|
CHAMPION BREW. PLC.
CHAMPION |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 195,015 | 169,854,168,510 | 74.9900 | 0.2000 |
|
JULI PLC.
JULI |
SERVICES | ₦0.0000 | +0.0000% | 0 | 1,452,000,000 | 69.8900 | 0.1000 |
|
CONOIL PLC
CONOIL |
OIL AND GAS | ₦0.0000 | +0.0000% | 23,586 | 134,626,710,698 | 65.7900 | 2.9000 |
|
CHAMS HOLDING COMPANY PLC
CHAMS |
ICT | ₦3.5200 | +0.5700% | 3,346,533 | 31,500,000,000 | 60.5500 | 0.0600 |
|
UNION DICON SALT PLC.
UNIONDICON |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 73,295 | 4,510,209,000 | 55.8300 | 0.3000 |
|
AXAMANSARD INSURANCE PLC
MANSARD |
FINANCIAL SERVICES | ₦0.0000 | +0.0000% | 97,390 | 135,900,000,000 | 52.0700 | 0.2900 |
|
FIRST HOLDCO PLC
FIRSTHOLDCO |
FINANCIAL SERVICES | ₦64.2500 | +9.9200% | 2,473,015 | 2,598,318,363,624 | 48.8700 | 0.9100 |
|
INTERNATIONAL BREWERIES PLC.
INTBREW |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 115,669 | 2,440,228,075,387 | 48.2600 | 0.3000 |
|
NIGERIAN EXCHANGE GROUP
NGXGROUP |
FINANCIAL SERVICES | ₦170.0000 | +1.8000% | 1,168,198 | 437,343,144,408 | 46.6100 | 3.5600 |
|
SOVEREIGN TRUST INSURANCE PLC
SOVRENINS |
FINANCIAL SERVICES | ₦0.0000 | +0.0000% | 42,690 | 29,879,092,914 | 42.9200 | 0.0500 |
|
ABBEY MORTGAGE BANK PLC
ABBEYBDS |
FINANCIAL SERVICES | ₦8.1000 | -9.5000% | 256,826 | 90,876,923,078 | 41.9800 | 0.2100 |
|
JAPAUL GOLD & VENTURES PLC
JAPAULGOLD |
OIL AND GAS | ₦3.3500 | +1.8200% | 2,157,075 | 46,924,288,646 | 41.8900 | 0.0800 |
|
MECURE INDUSTRIES PLC
MECURE |
HEALTHCARE | ₦0.0000 | +0.0000% | 31,610 | 269,200,000,000 | 41.6600 | 1.6200 |
|
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC
NEIMETH |
HEALTHCARE | ₦0.0000 | +0.0000% | 217,459 | 40,594,493,767 | 39.3900 | 0.2300 |
|
GUINNESS NIG PLC
GUINNESS |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 28,002 | 1,093,001,026,681 | 35.4900 | 14.0600 |
|
S C O A NIG. PLC.
SCOA |
CONGLOMERATES | ₦0.0000 | +0.0000% | 29,483 | 14,718,551,312 | 31.8200 | 0.7100 |
|
BUA CEMENT PLC
BUACEMENT |
INDUSTRIAL GOODS | ₦0.0000 | +0.0000% | 178,713 | 11,063,484,471,402 | 31.0700 | 10.5100 |
|
AIRTEL AFRICA PLC
AIRTELAFRI |
ICT | ₦0.0000 | +0.0000% | 2 | 10,322,514,736,037 | 31.0700 | 211.5500 |
|
RED STAR EXPRESS PLC
REDSTAREX |
SERVICES | ₦0.0000 | +0.0000% | 9,273 | 26,867,016,599 | 30.7400 | 0.9200 |
|
PRESTIGE ASSURANCE PLC
PRESTIGE |
FINANCIAL SERVICES | ₦1.4100 | +1.4400% | 554,075 | 18,421,061,024 | 30.2300 | 0.0500 |
|
INFINITY TRUST MORTGAGE BANK PLC
INFINITY |
FINANCIAL SERVICES | ₦0.0000 | +0.0000% | 20,856 | 79,238,468,680 | 29.3400 | 0.6500 |
|
OKOMU OIL PALM PLC.
OKOMUOIL |
AGRICULTURE | ₦0.0000 | +0.0000% | 50,966 | 1,683,651,150,000 | 29.0500 | 60.7500 |
|
BUA FOODS PLC
BUAFOODS |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 35,001 | 14,364,000,000,000 | 27.7100 | 28.8000 |
|
U A C N PLC.
UACN |
CONGLOMERATES | ₦0.0000 | +0.0000% | 18,689 | 292,613,165,500 | 27.6400 | 3.6200 |
|
REGENCY ASSURANCE PLC
REGALINS |
FINANCIAL SERVICES | ₦0.0000 | +0.0000% | 66,133 | 16,165,050,000 | 26.1700 | 0.0400 |
|
TRANSCORP POWER PLC
TRANSPOWER |
UTILITIES | ₦0.0000 | +0.0000% | 6,901 | 2,271,750,000,000 | 24.8500 | 12.1900 |
|
GUINEA INSURANCE PLC.
GUINEAINS |
FINANCIAL SERVICES | ₦1.2100 | +0.0000% | 906,365 | 9,610,788,000 | 24.7300 | 0.0400 |
|
NESTLE NIGERIA PLC.
NESTLE |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 3,902 | 2,576,053,553,375 | 24.5400 | 132.4200 |
|
SEPLAT ENERGY PLC
SEPLAT |
OIL AND GAS | ₦0.0000 | +0.0000% | 19,385 | 6,269,420,662,450 | 24.4900 | 389.6700 |
|
FIDSON HEALTHCARE PLC
FIDSON |
HEALTHCARE | ₦0.0000 | +0.0000% | 93,805 | 236,400,000,000 | 23.9200 | 4.1200 |
|
NIGERIAN BREW. PLC.
NB |
CONSUMER GOODS | ₦73.5000 | -0.6800% | 2,427,065 | 2,277,252,478,620 | 23.1700 | 3.1900 |
|
INDUSTRIAL & MEDICAL GASES NIGERIA PLC
IMG |
NATURAL RESOURCES | ₦0.0000 | +0.0000% | 3,680 | 24,520,134,960 | 22.1800 | 1.6200 |
|
LIVINGTRUST MORTGAGE BANK PLC
LIVINGTRUST |
FINANCIAL SERVICES | ₦0.0000 | +0.0000% | 18,580 | 21,600,000,000 | 21.3500 | 0.2000 |
|
NIGERIAN AVIATION HANDLING COMPANY PLC
NAHCO |
SERVICES | ₦0.0000 | +0.0000% | 113,159 | 389,812,500,000 | 21.1500 | 8.9900 |
|
MCNICHOLS PLC
MCNICHOLS |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 301,938 | 7,046,964,644 | 20.3400 | 0.3100 |
|
AFRICA PRUDENTIAL PLC
AFRIPRUD |
FINANCIAL SERVICES | ₦0.0000 | +0.0000% | 129,647 | 54,800,000,000 | 20.2400 | 0.6800 |
|
SKYWAY AVIATION HANDLING COMPANY PLC
SKYAVN |
SERVICES | ₦0.0000 | +0.0000% | 11,966 | 193,697,298,000 | 19.8800 | 7.2000 |
|
SUNU ASSURANCES NIGERIA PLC.
SUNUASSUR |
FINANCIAL SERVICES | ₦0.0000 | +0.0000% | 45,030 | 26,729,680,000 | 18.5200 | 0.2500 |
|
UNILEVER NIGERIA PLC.
UNILEVER |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 53,296 | 593,459,059,576 | 18.4500 | 5.6000 |
|
CADBURY NIGERIA PLC.
CADBURY |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 53,762 | 164,180,492,568 | 18.3000 | 3.9300 |
|
MULTIVERSE MINING AND EXPLORATION PLC
MULTIVERSE |
NATURAL RESOURCES | ₦0.0000 | +0.0000% | 40,037 | 9,376,265,096 | 17.1400 | 1.2800 |
|
MEYER PLC.
MEYER |
INDUSTRIAL GOODS | ₦0.0000 | +0.0000% | 3,800 | 9,282,619,050 | 16.8700 | 1.1100 |
|
ROYAL EXCHANGE PLC.
ROYALEX |
FINANCIAL SERVICES | ₦1.5500 | -8.8200% | 565,089 | 14,053,388,198 | 16.5100 | 0.1000 |
|
JULIUS BERGER NIG. PLC.
JBERGER |
CONSTRUCTION/REAL ESTATE | ₦0.0000 | +0.0000% | 11,135 | 478,400,000,000 | 16.0000 | 18.6900 |
|
ASSOCIATED BUS COMPANY PLC
ABCTRANS |
SERVICES | ₦0.0000 | +0.0000% | 511,686 | 14,929,959,870 | 15.3700 | 0.4100 |
|
ARADEL HOLDINGS PLC
ARADEL |
OIL AND GAS | ₦1660.0000 | +7.2700% | 1,411,454 | 6,723,646,647,100 | 15.3600 | 91.5900 |
|
ETERNA PLC.
ETERNA |
OIL AND GAS | ₦0.0000 | +0.0000% | 211,804 | 44,601,746,927 | 15.2900 | 2.2400 |
|
PRESCO PLC
PRESCO |
AGRICULTURE | ₦0.0000 | +0.0000% | 9,385 | 2,310,000,000,660 | 14.7400 | 134.3500 |
|
CAP PLC
CAP |
INDUSTRIAL GOODS | ₦0.0000 | +0.0000% | 24,703 | 77,401,012,500 | 14.7400 | 7.0500 |
|
LAFARGE AFRICA PLC.
WAPCO |
INDUSTRIAL GOODS | ₦0.0000 | +0.0000% | 995,592 | 3,914,194,360,203 | 14.3300 | 16.9600 |
|
MTN NIGERIA COMMUNICATIONS PLC
MTNN |
ICT | ₦0.0000 | +0.0000% | 492,877 | 15,851,647,877,765 | 13.8900 | 53.0700 |
|
JAIZ BANK PLC
JAIZBANK |
FINANCIAL SERVICES | ₦9.3000 | +0.7600% | 4,185,992 | 411,560,257,364 | 13.8600 | 0.7000 |
|
HONEYWELL FLOUR MILL PLC
HONYFLOUR |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 214,330 | 166,534,150,818 | 13.8300 | 1.5200 |
|
MAY & BAKER NIGERIA PLC.
MAYBAKER |
HEALTHCARE | ₦0.0000 | +0.0000% | 112,644 | 62,108,455,896 | 13.5300 | 2.5700 |
|
DANGOTE CEMENT PLC
DANGCEM |
INDUSTRIAL GOODS | ₦0.0000 | +0.0000% | 196,763 | 13,667,582,993,310 | 13.5300 | 59.8600 |
|
SFS REAL ESTATE INVESTMENT TRUST
SFSREIT |
CONSTRUCTION/REAL ESTATE | ₦0.0000 | +0.0000% | 264 | 8,375,000,000 | 13.3300 | 31.4200 |
|
BERGER PAINTS PLC
BERGER |
INDUSTRIAL GOODS | ₦0.0000 | +0.0000% | 15,487 | 19,809,432,602 | 12.6100 | 5.4200 |
|
NASCON ALLIED INDUSTRIES PLC
NASCON |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 54,599 | 421,578,634,620 | 12.3700 | 12.4100 |
|
VITAFOAM NIG PLC.
VITAFOAM |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 170,429 | 179,971,443,952 | 12.0500 | 9.9500 |
|
NPF MICROFINANCE BANK PLC
NPFMCRFBK |
FINANCIAL SERVICES | ₦5.4500 | -5.0500% | 728,447 | 34,399,559,157 | 11.8400 | 0.4800 |
|
CORNERSTONE INSURANCE PLC
CORNERST |
FINANCIAL SERVICES | ₦5.6900 | +7.1600% | 343,522 | 96,463,545,370 | 11.7800 | 0.4600 |
|
VFD GROUP PLC
VFDGROUP |
INVESTMENT | ₦0.0000 | +0.0000% | 118,365 | 139,353,401,000 | 11.5800 | 0.9500 |
|
CWG PLC
CWG |
ICT | ₦0.0000 | +0.0000% | 279,335 | 53,526,318,811 | 10.7600 | 1.9700 |
|
UNITED CAPITAL PLC
UCAP |
FINANCIAL SERVICES | ₦0.0000 | +0.0000% | 379,297 | 290,700,000,000 | 10.4200 | 1.5600 |
|
LEARN AFRICA PLC
LEARNAFRCA |
SERVICES | ₦0.0000 | +0.0000% | 39,632 | 7,174,485,000 | 10.2400 | 0.9100 |
|
JOHN HOLT PLC.
JOHNHOLT |
CONGLOMERATES | ₦0.0000 | +0.0000% | 272,500 | 5,448,119,768 | 10.1900 | 1.2800 |
|
DN TYRE & RUBBER PLC
DUNLOP |
CONSUMER GOODS | ₦0.2000 | +0.0000% | 0 | 954,533,842 | 10.0000 | 0.0200 |
|
INTERNATIONAL ENERGY INSURANCE PLC
INTENEGINS |
FINANCIAL SERVICES | ₦0.0000 | +0.0000% | 188,473 | 3,890,779,032 | 9.7100 | 0.3400 |
|
CORONATION INSURANCE PLC
WAPIC |
FINANCIAL SERVICES | ₦2.8200 | +8.4600% | 666,347 | 62,378,366,716 | 9.0700 | 0.3100 |
|
BETA GLASS PLC.
BETAGLAS |
INDUSTRIAL GOODS | ₦0.0000 | +0.0000% | 47,608 | 299,083,250,400 | 9.0000 | 55.4100 |
|
LINKAGE ASSURANCE PLC
LINKASSURE |
FINANCIAL SERVICES | ₦1.4500 | -4.6100% | 1,369,955 | 28,089,599,986 | 8.9400 | 0.1700 |
|
AIICO INSURANCE PLC.
AIICO |
FINANCIAL SERVICES | ₦4.1000 | -1.6800% | 1,250,160 | 152,644,000,974 | 8.5500 | 0.4800 |
|
P Z CUSSONS NIGERIA PLC.
PZ |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 73,443 | 302,947,398,534 | 8.4500 | 9.0300 |
|
UNIVERSITY PRESS PLC.
UPL |
SERVICES | ₦0.0000 | +0.0000% | 17,276 | 2,243,329,421 | 7.9900 | 0.6500 |
|
STANBIC IBTC HOLDINGS PLC
STANBIC |
FINANCIAL SERVICES | ₦0.0000 | +0.0000% | 225,562 | 2,902,867,975,857 | 7.7100 | 23.6800 |
|
C & I LEASING PLC.
CILEASING |
SERVICES | ₦6.5000 | +0.0000% | 5,076,348 | 19,165,750,143 | 7.5300 | 0.8600 |
|
VERITAS KAPITAL ASSURANCE PLC
VERITASKAP |
FINANCIAL SERVICES | ₦0.0000 | +0.0000% | 344,355 | 26,207,999,999 | 6.9500 | 0.2700 |
|
ACADEMY PRESS PLC.
ACADEMY |
SERVICES | ₦0.0000 | +0.0000% | 22,631 | 6,940,080,000 | 6.8500 | 1.0400 |
|
NEM INSURANCE PLC
NEM |
FINANCIAL SERVICES | ₦28.1000 | -9.9400% | 869,079 | 156,514,106,330 | 6.5300 | 4.7500 |
|
CUSTODIAN INVESTMENT PLC
CUSTODIAN |
CONGLOMERATES | ₦0.0000 | +0.0000% | 666,733 | 429,376,086,235 | 6.4300 | 11.1900 |
|
CONSOLIDATED HALLMARK HOLDINGS PLC
CONHALLPLC |
FINANCIAL SERVICES | ₦4.8500 | +6.3600% | 941,787 | 49,430,400,000 | 6.0900 | 0.7600 |
|
TRANSNATIONAL CORPORATION PLC
TRANSCORP |
CONGLOMERATES | ₦0.0000 | +0.0000% | 313,226 | 503,018,879,913 | 5.6800 | 8.4400 |
|
IKEJA HOTEL PLC
IKEJAHOTEL |
SERVICES | ₦0.0000 | +0.0000% | 22,558 | 72,223,085,422 | 5.2400 | 6.3700 |
|
THE INITIATES PLC
TIP |
SERVICES | ₦0.0000 | +0.0000% | 312,133 | 17,710,632,885 | 5.2300 | 3.8100 |
|
GUARANTY TRUST HOLDING COMPANY PLC
GTCO |
FINANCIAL SERVICES | ₦0.0000 | +0.0000% | 1,378,857 | 4,678,429,377,792 | 5.1100 | 25.4300 |
|
STERLING FINANCIAL HOLDINGS COMPANY PLC
STERLINGNG |
FINANCIAL SERVICES | ₦7.7500 | -3.1200% | 1,171,499 | 416,936,099,312 | 5.0600 | 1.5700 |
|
ZENITH BANK PLC
ZENITHBANK |
FINANCIAL SERVICES | ₦125.0000 | +0.8100% | 31,960,200 | 5,092,658,920,124 | 4.8500 | 25.3200 |
|
UPDC REAL ESTATE INVESTMENT TRUST
UPDCREIT |
CONSTRUCTION/REAL ESTATE | ₦0.0000 | +0.0000% | 370,278 | 21,212,742,525 | 4.7800 | 1.6200 |
|
UNIVERSAL INSURANCE PLC
UNIVINSURE |
FINANCIAL SERVICES | ₦1.2100 | +0.0000% | 3,787,661 | 19,360,000,000 | 4.3400 | 0.2800 |
|
MUTUAL BENEFITS ASSURANCE PLC.
MBENEFIT |
FINANCIAL SERVICES | ₦3.9800 | -0.7500% | 1,963,800 | 80,447,105,812 | 4.1500 | 1.0000 |
|
FIDELITY BANK PLC
FIDELITYBK |
FINANCIAL SERVICES | ₦20.0000 | +1.2700% | 7,696,465 | 991,450,000,000 | 3.9900 | 4.7800 |
|
WEMA BANK PLC.
WEMABANK |
FINANCIAL SERVICES | ₦0.0000 | +0.0000% | 386,608 | 1,105,275,072,756 | 3.8700 | 7.1300 |
|
R T BRISCOE PLC.
RTBRISCOE |
SERVICES | ₦0.0000 | +0.0000% | 92,142 | 10,598,932,025 | 3.7400 | 2.3800 |
|
FCMB GROUP PLC.
FCMB |
FINANCIAL SERVICES | ₦12.6500 | +7.6600% | 8,383,371 | 774,966,470,970 | 2.9700 | 3.9600 |
|
GREIF NIGERIA PLC
VANLEER |
INDUSTRIAL GOODS | ₦5.4500 | +0.0000% | 0 | 232,388,000 | 2.3600 | 2.3100 |
|
UNITED BANK FOR AFRICA PLC
UBA |
FINANCIAL SERVICES | ₦47.5000 | +3.2600% | 13,099,763 | 2,033,024,064,030 | 2.3000 | 19.9900 |
|
ACCESS HOLDINGS PLC
ACCESSCORP |
FINANCIAL SERVICES | ₦28.8500 | +6.0700% | 12,006,621 | 1,479,021,663,658 | 2.2700 | 12.0000 |
|
ECOBANK TRANSNATIONAL INCORPORATED
ETI |
FINANCIAL SERVICES | ₦67.3000 | +9.9700% | 3,550,114 | 1,452,349,895,144 | 2.1500 | 25.5200 |
|
OANDO PLC
OANDO |
OIL AND GAS | ₦48.0000 | +3.2300% | 700,451 | 578,060,680,367 | 1.7500 | 25.5300 |
|
UH REAL ESTATE INVESTMENT TRUST
UHOMREIT |
CONSTRUCTION/REAL ESTATE | ₦0.0000 | +0.0000% | 14,541 | 18,126,434,123 | 0.7500 | 96.8400 |
Frequently Asked Questions
Which NGX sectors tend to have the highest P/E ratios?
Technology, healthcare, and consumer staples companies on the NGX often trade at higher P/E multiples because investors pay a premium for quality and growth predictability. Banking stocks, by contrast, typically trade at lower P/Es due to cyclical earnings and regulatory constraints.
Should I avoid high P/E stocks on the NGX?
Not necessarily. A high P/E is only a problem if the growth does not materialise. If a company is genuinely growing earnings at 25-30% annually a high P/E may be justified. Always compare the P/E to the company's EPS growth rate (the PEG ratio) to get a clearer picture of relative value.
More Valuation Based Signals
Most Undervalued Stocks
Lowest P/E ratio among profitable NGX stocks — classic value investing screen.
Lowest EPS
NGX stocks with the lowest (or most negative) earnings per share.
Highest EPS
NGX stocks with the highest earnings per share — the most profitable companies per share.
Low P/E Stocks
NGX stocks with low price-to-earnings ratios and positive earnings.