Most Overvalued Stocks
117 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 — 117 Stocks
Sorted by signal strength| Company | Sector | Price (₦) | % Change | Volume | Mkt Cap | P/E | EPS (₦) |
|---|---|---|---|---|---|---|---|
|
PREMIER PAINTS PLC.
PREMPAINTS |
INDUSTRIAL GOODS | ₦30.4000 | +0.0000% | 222,134 | — | 2314.3500 | -0.0300 |
|
AXAMANSARD INSURANCE PLC
MANSARD |
FINANCIAL SERVICES | ₦11.7000 | -5.9800% | 2,591,911 | — | 1070.7600 | 0.0100 |
|
MORISON INDUSTRIES PLC.
MORISON |
HEALTHCARE | ₦10.4000 | +0.0000% | 27,032 | — | 575.3800 | 0.0200 |
|
N NIG. FLOUR MILLS PLC.
NNFM |
CONSUMER GOODS | ₦79.4000 | +0.0000% | 2,751 | — | 552.6100 | 0.1400 |
|
EUNISELL INTERLINKED PLC
EUNISELL |
SERVICES | ₦210.0000 | +0.0000% | 844 | — | 415.3500 | 0.5100 |
|
TRIPPLE GEE AND COMPANY PLC.
TRIPPLEG |
INDUSTRIAL GOODS | ₦3.8900 | +8.9600% | 738,265 | — | 277.9900 | 0.0100 |
|
TANTALIZERS PLC
TANTALIZER |
SERVICES | ₦4.3300 | +3.1000% | 3,934,977 | — | 237.6600 | 0.0200 |
|
UNION DICON SALT PLC.
UNIONDICON |
CONSUMER GOODS | ₦23.7500 | +0.0000% | 305 | — | 140.6700 | 0.1700 |
|
TRANSCORP HOTELS PLC
TRANSCOHOT |
SERVICES | ₦242.0000 | +0.0000% | 26,888 | — | 110.2400 | 2.2000 |
|
GEREGU POWER PLC
GEREGU |
UTILITIES | ₦825.7000 | +0.0000% | 3,678 | — | 109.0800 | 7.5700 |
|
CUTIX PLC.
CUTIX |
INDUSTRIAL GOODS | ₦2.9200 | +4.2900% | 2,057,304 | — | 97.6500 | -0.0100 |
|
SOVEREIGN TRUST INSURANCE PLC
SOVRENINS |
FINANCIAL SERVICES | ₦2.0000 | -7.0000% | 1,331,839 | — | 93.1700 | 0.0200 |
|
CHAMPION BREW. PLC.
CHAMPION |
CONSUMER GOODS | ₦12.0000 | -0.4200% | 11,602,075 | — | 92.4600 | 0.1300 |
|
NCR (NIGERIA) PLC.
NCR |
ICT | ₦161.2000 | +0.0000% | 2,404 | — | 89.8600 | 1.7900 |
|
UPDC PLC
UPDC |
CONSTRUCTION/REAL ESTATE | ₦3.8500 | -2.5300% | 6,164,839 | — | 78.2200 | 0.0500 |
|
CHAMS HOLDING COMPANY PLC
CHAMS |
ICT | ₦4.3700 | -0.9100% | 9,421,036 | — | 61.1900 | 0.0700 |
|
E-TRANZACT INTERNATIONAL PLC
ETRANZACT |
ICT | ₦14.5000 | +0.0000% | 144,559 | 133,399,997,332 | 56.8600 | 0.2600 |
|
INTERNATIONAL BREWERIES PLC.
INTBREW |
CONSUMER GOODS | ₦13.0500 | -6.1200% | 3,359,235 | — | 56.8400 | 0.2400 |
|
CHELLARAMS PLC.
CHELLARAM |
CONGLOMERATES | ₦13.2000 | +0.0000% | 8,549 | — | 47.7900 | 0.2800 |
|
JULI PLC.
JULI |
SERVICES | ₦7.2500 | +0.0000% | 400 | — | 47.7300 | 0.1500 |
|
MECURE INDUSTRIES PLC
MECURE |
HEALTHCARE | ₦85.4500 | +0.0000% | 163,698 | — | 47.2400 | 1.8100 |
|
ROYAL EXCHANGE PLC.
ROYALEX |
FINANCIAL SERVICES | ₦1.5700 | +0.0000% | 758,856 | — | 40.4100 | 0.0400 |
|
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC
NEIMETH |
HEALTHCARE | ₦9.0500 | +0.0000% | 918,462 | — | 39.2900 | 0.2300 |
|
ABBEY MORTGAGE BANK PLC
ABBEYBDS |
FINANCIAL SERVICES | ₦8.0500 | -7.4700% | 719,840 | — | 37.9800 | 0.2500 |
|
ABBEY BANK PLC
ABBEYBANK |
FINANCIAL SERVICES | ₦9.7000 | +2.1100% | 1,725,029 | — | 37.9800 | 0.2500 |
|
RED STAR EXPRESS PLC
REDSTAREX |
SERVICES | ₦22.1000 | +0.0000% | 24,375 | — | 36.2300 | 0.6100 |
|
JAPAUL GOLD & VENTURES PLC
JAPAULGOLD |
OIL AND GAS | ₦3.0000 | +1.0100% | 4,565,531 | — | 34.6300 | 0.0900 |
|
PRESTIGE ASSURANCE PLC
PRESTIGE |
FINANCIAL SERVICES | ₦1.4500 | +0.0000% | 737,984 | — | 33.7200 | 0.0400 |
|
NIGERIAN EXCHANGE GROUP
NGXGROUP |
FINANCIAL SERVICES | ₦131.1000 | -4.3800% | 1,681,284 | — | 32.3500 | 4.2400 |
|
BUA FOODS PLC
BUAFOODS |
CONSUMER GOODS | ₦939.0000 | +0.0000% | 41,780 | — | 31.5600 | 29.7500 |
|
INFINITY TRUST MORTGAGE BANK PLC
INFINITY |
FINANCIAL SERVICES | ₦11.2500 | +0.0000% | 1,220 | — | 31.2200 | 0.3600 |
|
S C O A NIG. PLC.
SCOA |
CONGLOMERATES | ₦33.0500 | +0.0000% | 6,411 | — | 30.4500 | 1.0900 |
|
U A C N PLC.
UACN |
CONGLOMERATES | ₦199.9500 | +0.0000% | 237,735 | — | 28.3700 | 7.0500 |
|
THOMAS WYATT NIG. PLC.
THOMASWY |
NATURAL RESOURCES | ₦2.9400 | +9.2900% | 1,107,839 | — | 28.2000 | 0.1000 |
|
SKYWAY AVIATION HANDLING COMPANY PLC
SKYAVN |
SERVICES | ₦171.2000 | +0.0000% | 3,196 | — | 27.3100 | 6.2700 |
|
FTN COCOA PROCESSORS PLC
FTNCOCOA |
AGRICULTURE | ₦8.1800 | -0.3700% | 1,814,985 | — | 27.2900 | 0.3000 |
|
INTERNATIONAL ENERGY INSURANCE PLC
INTENEGINS |
FINANCIAL SERVICES | ₦4.6600 | +0.0000% | 440,416 | — | 27.1100 | 0.1700 |
|
SEPLAT ENERGY PLC
SEPLAT |
OIL AND GAS | ₦11363.9000 | +0.0000% | 114,487 | — | 25.7800 | 403.6100 |
|
CONOIL PLC
CONOIL |
OIL AND GAS | ₦210.0000 | +0.0000% | 66,493 | — | 25.1900 | 8.3400 |
|
AIRTEL AFRICA PLC
AIRTELAFRI |
ICT | ₦5801.4000 | +0.0000% | 3,483 | — | 25.0300 | 257.6200 |
|
BERGER PAINTS PLC
BERGER |
INDUSTRIAL GOODS | ₦147.6000 | +0.0000% | 3,324 | — | 24.9000 | 5.9300 |
|
REGENCY ASSURANCE PLC
REGALINS |
FINANCIAL SERVICES | ₦0.9500 | -3.1600% | 789,607 | — | 24.6100 | 0.0400 |
|
GUINEA INSURANCE PLC.
GUINEAINS |
FINANCIAL SERVICES | ₦0.9300 | +3.3300% | 2,229,968 | — | 23.8300 | -0.0200 |
|
GUINNESS NIG PLC
GUINNESS |
CONSUMER GOODS | ₦329.0000 | +0.0000% | 99,813 | — | 23.3900 | 14.0600 |
|
BUA CEMENT PLC
BUACEMENT |
INDUSTRIAL GOODS | ₦306.2000 | +0.0000% | 1,699,185 | — | 22.9800 | 13.3300 |
|
OKOMU OIL PALM PLC.
OKOMUOIL |
AGRICULTURE | ₦1418.0000 | +0.0000% | 54,495 | 1,352,644,380,000 | 22.6200 | 62.7000 |
|
SUNU ASSURANCES NIGERIA PLC.
SUNUASSUR |
FINANCIAL SERVICES | ₦4.0000 | +0.0000% | 1,336,263 | — | 22.4300 | 0.1800 |
|
FIDSON HEALTHCARE PLC
FIDSON |
HEALTHCARE | ₦102.7500 | +0.0000% | 491,108 | — | 22.2900 | 4.6100 |
|
NIGERIAN AVIATION HANDLING COMPANY PLC
NAHCO |
SERVICES | ₦172.1000 | -2.7700% | 492,065 | — | 22.2300 | 7.9600 |
|
NESTLE NIGERIA PLC.
NESTLE |
CONSUMER GOODS | ₦3125.0000 | +0.0000% | 4,093 | — | 21.7700 | 143.5500 |
|
MEYER PLC.
MEYER |
INDUSTRIAL GOODS | ₦18.5500 | +0.0000% | 11,423 | — | 20.9900 | 0.8800 |
|
UNILEVER NIGERIA PLC.
UNILEVER |
CONSUMER GOODS | ₦121.0000 | -1.3500% | 789,101 | — | 20.9700 | 5.8500 |
|
TRANSCORP POWER PLC
TRANSPOWER |
UTILITIES | ₦245.5000 | +0.0000% | 10,146 | — | 20.8100 | 11.8000 |
|
CAP PLC
CAP |
INDUSTRIAL GOODS | ₦157.6000 | +0.0000% | 199,757 | — | 20.7900 | 7.5800 |
|
INDUSTRIAL & MEDICAL GASES NIGERIA PLC
IMG |
NATURAL RESOURCES | ₦34.1000 | +0.0000% | 14,311 | — | 20.7000 | 1.6500 |
|
ACADEMY PRESS PLC.
ACADEMY |
SERVICES | ₦6.4000 | +0.0000% | 661,525 | — | 20.1900 | 0.3200 |
|
NIGERIAN BREW. PLC.
NB |
CONSUMER GOODS | ₦74.0000 | +4.2300% | 899,755 | — | 19.9400 | 3.5600 |
|
CADBURY NIGERIA PLC.
CADBURY |
CONSUMER GOODS | ₦57.0000 | +0.0000% | 243,378 | — | 19.5900 | 2.9100 |
|
PRESCO PLC
PRESCO |
AGRICULTURE | ₦2300.0000 | +0.0000% | 15,093 | — | 19.5800 | 117.4500 |
|
ASSOCIATED BUS COMPANY PLC
ABCTRANS |
SERVICES | ₦7.8000 | +0.0000% | 71,495 | 18,662,449,837 | 19.3300 | 0.4000 |
|
AFRICA PRUDENTIAL PLC
AFRIPRUD |
FINANCIAL SERVICES | ₦12.6500 | +0.0000% | 589,773 | — | 18.3800 | 0.6900 |
|
MULTIVERSE MINING AND EXPLORATION PLC
MULTIVERSE |
NATURAL RESOURCES | ₦25.5000 | +0.0000% | 3,619 | — | 17.6000 | 1.4500 |
|
JULIUS BERGER NIG. PLC.
JBERGER |
CONSTRUCTION/REAL ESTATE | ₦310.8000 | +0.0000% | 6,386 | — | 17.3000 | 17.9700 |
|
LIVINGTRUST MORTGAGE BANK PLC
LIVINGTRUST |
FINANCIAL SERVICES | ₦3.3900 | +0.0000% | 20,769 | 16,950,000,000 | 16.7600 | 0.2000 |
|
HBM NIGERIA PLC
HBMNG |
INDUSTRIAL GOODS | ₦330.0000 | -1.4900% | 6,254,335 | — | 16.7400 | 20.0200 |
|
LAFARGE AFRICA PLC.
WAPCO |
INDUSTRIAL GOODS | ₦335.0000 | +2.1300% | 5,046,652 | — | 16.7400 | 20.0200 |
|
VITAFOAM NIG PLC.
VITAFOAM |
CONSUMER GOODS | ₦194.8000 | +0.0000% | 113,725 | — | 16.6400 | 11.7100 |
|
DANGOTE CEMENT PLC
DANGCEM |
INDUSTRIAL GOODS | ₦1047.0000 | +0.0000% | 2,505,955 | — | 15.6900 | 66.7100 |
|
MAY & BAKER NIGERIA PLC.
MAYBAKER |
HEALTHCARE | ₦38.0000 | +0.0000% | 313,749 | — | 14.3600 | 2.6500 |
|
NASCON ALLIED INDUSTRIES PLC
NASCON |
CONSUMER GOODS | ₦180.0000 | +0.0000% | 478,341 | — | 13.5700 | 13.2600 |
|
FIRST HOLDCO PLC
FIRSTHOLDCO |
FINANCIAL SERVICES | ₦79.3500 | +9.9800% | 78,657,490 | — | 13.1600 | 5.2200 |
|
MTN NIGERIA COMMUNICATIONS PLC
MTNN |
ICT | ₦820.0000 | +0.0000% | 1,135,757 | — | 12.8800 | 63.6500 |
|
JAIZ BANK PLC
JAIZBANK |
FINANCIAL SERVICES | ₦8.6000 | -2.8200% | 13,645,929 | — | 12.6700 | 0.7000 |
|
SFS REAL ESTATE INVESTMENT TRUST
SFSREIT |
CONSTRUCTION/REAL ESTATE | ₦418.7500 | +0.0000% | 4,393 | — | 12.5600 | 33.3500 |
|
VFD GROUP PLC
VFDGROUP |
INVESTMENT | ₦10.7000 | +0.0000% | 10,482,383 | — | 12.4700 | 0.8600 |
|
MCNICHOLS PLC
MCNICHOLS |
CONSUMER GOODS | ₦5.0000 | +8.7000% | 3,971,041 | — | 12.3200 | 0.3700 |
|
LEARN AFRICA PLC
LEARNAFRCA |
SERVICES | ₦9.9000 | +0.0000% | 73,941 | 7,637,355,000 | 11.4100 | 0.8700 |
|
BETA GLASS PLC.
BETAGLAS |
INDUSTRIAL GOODS | ₦562.8000 | +0.0000% | 27,879 | 337,661,089,920 | 10.8600 | 51.8300 |
|
UNIVERSITY PRESS PLC.
UPL |
SERVICES | ₦5.2500 | +0.0000% | 493,726 | — | 10.6000 | 0.5000 |
|
ETERNA PLC.
ETERNA |
OIL AND GAS | ₦28.8000 | +0.0000% | 117,816 | 62,962,813,584 | 10.4000 | 2.7700 |
|
NPF MICROFINANCE BANK PLC
NPFMCRFBK |
FINANCIAL SERVICES | ₦5.0000 | +0.0000% | 929,546 | 29,964,772,785 | 10.1100 | 0.4900 |
|
DN TYRE & RUBBER PLC
DUNLOP |
CONSUMER GOODS | ₦0.2000 | +0.0000% | 0 | 954,533,842 | 10.0000 | 0.0200 |
|
UNITED CAPITAL PLC
UCAP |
FINANCIAL SERVICES | ₦17.7500 | -1.1300% | 5,432,174 | — | 9.9900 | 1.7800 |
|
CWG PLC
CWG |
ICT | ₦19.0000 | -2.5600% | 1,021,027 | — | 9.8300 | 1.9800 |
|
NEM INSURANCE PLC
NEM |
FINANCIAL SERVICES | ₦28.0000 | +0.0000% | 497,718 | — | 9.3200 | 3.0000 |
|
CONSOLIDATED HALLMARK HOLDINGS PLC
CONHALLPLC |
FINANCIAL SERVICES | ₦6.7200 | -3.8600% | 1,786,769 | — | 8.9700 | 0.7800 |
|
ARADEL HOLDINGS PLC
ARADEL |
OIL AND GAS | ₦1526.8000 | +0.0000% | 1,797,857 | — | 8.4300 | 181.0800 |
|
CORNERSTONE INSURANCE PLC
CORNERST |
FINANCIAL SERVICES | ₦5.6000 | +0.0000% | 489,463 | 101,731,799,260 | 8.3500 | 0.6700 |
|
HONEYWELL FLOUR MILL PLC
HONYFLOUR |
CONSUMER GOODS | ₦16.8500 | +0.9000% | 1,725,268 | — | 8.0300 | 2.0800 |
|
AIICO INSURANCE PLC.
AIICO |
FINANCIAL SERVICES | ₦3.9600 | +3.2800% | 3,986,502 | — | 7.9700 | 0.5000 |
|
CORONATION INSURANCE PLC
WAPIC |
FINANCIAL SERVICES | ₦2.4200 | +6.6100% | 11,115,011 | — | 7.7000 | 0.2900 |
|
UNIVERSAL INSURANCE PLC
UNIVINSURE |
FINANCIAL SERVICES | ₦0.9500 | +3.2600% | 2,859,434 | — | 7.6000 | -0.0400 |
|
C & I LEASING PLC.
CILEASING |
SERVICES | ₦5.8000 | -3.3300% | 2,010,566 | — | 7.1100 | 0.8400 |
|
P Z CUSSONS NIGERIA PLC.
PZ |
CONSUMER GOODS | ₦81.0000 | +0.0000% | 998,345 | — | 6.8700 | 11.7900 |
|
STANBIC IBTC HOLDINGS PLC
STANBIC |
FINANCIAL SERVICES | ₦166.9000 | +2.3900% | 22,776,167 | 2,496,577,771,622 | 6.6300 | 24.5900 |
|
IKEJA HOTEL PLC
IKEJAHOTEL |
SERVICES | ₦42.5000 | +0.0000% | 47,256 | — | 6.4700 | 6.5700 |
|
JOHN HOLT PLC.
JOHNHOLT |
CONGLOMERATES | ₦11.2000 | +0.0000% | 38,578 | — | 6.3500 | 1.7600 |
|
UPDC REAL ESTATE INVESTMENT TRUST
UPDCREIT |
CONSTRUCTION/REAL ESTATE | ₦10.6500 | +0.0000% | 861,008 | — | 6.3000 | 1.6900 |
|
THE INITIATES PLC
TIP |
SERVICES | ₦29.8000 | +1.0200% | 4,204,374 | — | 6.2500 | 4.7200 |
|
FIDELITY BANK PLC
FIDELITYBK |
FINANCIAL SERVICES | ₦20.9500 | +5.2800% | 27,255,775 | — | 5.5700 | 3.5700 |
|
VERITAS KAPITAL ASSURANCE PLC
VERITASKAP |
FINANCIAL SERVICES | ₦1.4600 | +0.6900% | 10,580,648 | — | 5.5400 | 0.2600 |
|
CUSTODIAN INVESTMENT PLC
CUSTODIAN |
CONGLOMERATES | ₦69.0000 | +4.7000% | 783,641 | 387,614,850,451 | 5.4800 | 12.0300 |
|
GUARANTY TRUST HOLDING COMPANY PLC
GTCO |
FINANCIAL SERVICES | ₦125.8000 | +1.1300% | 10,068,639 | 4,539,538,505,639 | 5.2800 | 23.5500 |
|
UNITED BANK FOR AFRICA PLC
UBA |
FINANCIAL SERVICES | ₦41.0000 | +0.2400% | 13,078,666 | — | 5.1300 | 7.9700 |
|
STERLING FINANCIAL HOLDINGS COMPANY PLC
STERLINGNG |
FINANCIAL SERVICES | ₦8.0000 | +3.2300% | 56,694,409 | — | 5.1000 | 1.5200 |
|
TRANSNATIONAL CORPORATION PLC
TRANSCORP |
CONGLOMERATES | ₦43.0000 | +6.1700% | 2,888,045 | — | 4.6700 | 8.6800 |
|
R T BRISCOE PLC.
RTBRISCOE |
SERVICES | ₦12.7500 | -3.0400% | 547,366 | 14,233,859,878 | 4.6500 | 2.8300 |
|
MUTUAL BENEFITS ASSURANCE PLC.
MBENEFIT |
FINANCIAL SERVICES | ₦3.6400 | +6.4300% | 3,391,823 | — | 4.3100 | 0.7900 |
|
ZENITH BANK PLC
ZENITHBANK |
FINANCIAL SERVICES | ₦109.0000 | +0.3700% | 30,042,445 | — | 4.2800 | 25.3700 |
|
WEMA BANK PLC.
WEMABANK |
FINANCIAL SERVICES | ₦29.4000 | +0.5100% | 4,839,680 | — | 4.1000 | 7.1300 |
|
ECOBANK TRANSNATIONAL INCORPORATED
ETI |
FINANCIAL SERVICES | ₦85.7000 | +0.0000% | 739,986 | — | 3.6100 | 23.4200 |
|
LINKAGE ASSURANCE PLC
LINKASSURE |
FINANCIAL SERVICES | ₦1.5000 | +1.3500% | 3,938,444 | 27,535,200,000 | 3.1500 | 0.4700 |
|
FCMB GROUP PLC.
FCMB |
FINANCIAL SERVICES | ₦10.5000 | -2.7800% | 6,351,340 | — | 2.5000 | 4.3200 |
|
GREIF NIGERIA PLC
VANLEER |
INDUSTRIAL GOODS | ₦5.4500 | +0.0000% | 0 | 232,388,000 | 2.3600 | 2.3100 |
|
OANDO PLC
OANDO |
OIL AND GAS | ₦38.0000 | +2.6300% | 4,772,912 | — | 1.9100 | 19.8700 |
|
ACCESS HOLDINGS PLC
ACCESSCORP |
FINANCIAL SERVICES | ₦24.7500 | -1.0000% | 17,811,344 | — | 1.7700 | 14.0900 |
|
UH REAL ESTATE INVESTMENT TRUST
UHOMREIT |
CONSTRUCTION/REAL ESTATE | ₦70.0000 | +0.0000% | 45,498 | — | 0.7200 | 97.3700 |
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.