Most Overvalued Stocks

114 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 — 114 Stocks

Sorted by signal strength

Company	Sector	Price (₦)	% Change	Volume	Mkt Cap	P/E	EPS (₦)
PREMIER PAINTS PLC. PREMPAINTS	INDUSTRIAL GOODS	₦33.7500	+0.0000%	112,994	4,612,500,000	2314.3500	-0.0300
AXAMANSARD INSURANCE PLC MANSARD	FINANCIAL SERVICES	₦13.5000	+0.0000%	662,355	122,850,000,000	1235.5000	0.0100
TRIPPLE GEE AND COMPANY PLC. TRIPPLEG	INDUSTRIAL GOODS	₦3.9800	+0.0000%	92,770	—	1055.4100	0.0000
MORISON INDUSTRIES PLC. MORISON	HEALTHCARE	₦10.6200	+0.0000%	18,092	—	587.5600	0.0200
N NIG. FLOUR MILLS PLC. NNFM	CONSUMER GOODS	₦79.4000	+0.0000%	16,815	14,149,080,000	552.6100	0.1400
EUNISELL INTERLINKED PLC EUNISELL	SERVICES	₦209.9500	+0.0000%	15,024	—	415.2500	0.5100
TANTALIZERS PLC TANTALIZER	SERVICES	₦4.8000	-1.8400%	19,004,904	22,500,000,000	276.7100	0.0200
GEREGU POWER PLC GEREGU	UTILITIES	₦1132.5000	+0.0000%	3,114	—	149.6200	7.5700
UNION DICON SALT PLC. UNIONDICON	CONSUMER GOODS	₦23.7500	+0.0000%	35,244	—	140.6700	0.1700
SOVEREIGN TRUST INSURANCE PLC SOVRENINS	FINANCIAL SERVICES	₦2.9400	+6.9100%	14,267,790	35,570,348,708	124.5200	0.0200
TRANSCORP HOTELS PLC TRANSCOHOT	SERVICES	₦223.3000	+0.0000%	230,013	2,287,156,594,176	101.7200	2.2000
CHAMPION BREW. PLC. CHAMPION	CONSUMER GOODS	₦13.0500	+0.0000%	891,503	—	100.5500	0.1300
CUTIX PLC. CUTIX	INDUSTRIAL GOODS	₦3.0000	-3.2300%	20,221,371	21,981,298,884	97.6500	0.0300
NCR (NIGERIA) PLC. NCR	ICT	₦161.2000	+0.0000%	11,622	17,409,600,000	88.5700	1.8200
UPDC PLC UPDC	CONSTRUCTION/REAL ESTATE	₦4.2000	-4.5500%	998,800	—	87.1300	0.0500
ACADEMY PRESS PLC. ACADEMY	SERVICES	₦9.1500	+0.0000%	373,985	—	83.1800	0.1100
E-TRANZACT INTERNATIONAL PLC ETRANZACT	ICT	₦18.0000	+0.0000%	651,074	165,599,996,688	70.5800	0.2600
CONOIL PLC CONOIL	OIL AND GAS	₦194.0000	+0.0000%	62,823	—	67.0000	2.9000
CHAMS HOLDING COMPANY PLC CHAMS	ICT	₦4.1500	+1.2200%	38,244,612	—	56.8900	0.0700
MECURE INDUSTRIES PLC MECURE	HEALTHCARE	₦94.9000	+0.0000%	58,698	379,600,000,000	52.4700	1.8100
INTERNATIONAL BREWERIES PLC. INTBREW	CONSUMER GOODS	₦12.6500	-0.7900%	1,869,520	—	51.7300	0.2400
JAPAUL GOLD & VENTURES PLC JAPAULGOLD	OIL AND GAS	₦3.7000	-1.3300%	14,250,213	53,913,012,486	48.0400	0.0800
JULI PLC. JULI	SERVICES	₦7.2500	+0.0000%	3,235	1,450,000,000	47.7300	0.1500
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC NEIMETH	HEALTHCARE	₦10.3000	+0.9800%	77,908,532	44,226,632,682	44.2800	0.2300
RED STAR EXPRESS PLC REDSTAREX	SERVICES	₦30.7000	-9.7100%	4,297,134	32,450,393,050	37.0500	0.9200
PRESTIGE ASSURANCE PLC PRESTIGE	FINANCIAL SERVICES	₦1.4800	-5.1300%	2,982,395	—	36.2800	0.0400
NIGERIAN EXCHANGE GROUP NGXGROUP	FINANCIAL SERVICES	₦149.5000	+0.0000%	1,731,398	391,513,772,988	35.2700	4.2400
BUA FOODS PLC BUAFOODS	CONSUMER GOODS	₦967.0000	+0.0000%	255,310	17,406,000,000,000	32.5100	29.7500
BUA CEMENT PLC BUACEMENT	INDUSTRIAL GOODS	₦378.0000	-10.0000%	803,502	—	31.5200	13.3300
S C O A NIG. PLC. SCOA	CONGLOMERATES	₦33.0500	+0.0000%	39,061	—	30.4500	1.0900
FTN COCOA PROCESSORS PLC FTNCOCOA	AGRICULTURE	₦9.0900	+1.5600%	2,425,352	—	29.7500	0.3000
FIDSON HEALTHCARE PLC FIDSON	HEALTHCARE	₦136.5000	+0.0000%	512,198	327,600,000,000	29.6100	4.6100
GUINNESS NIG PLC GUINNESS	CONSUMER GOODS	₦402.6000	+0.0000%	7,078,549	—	28.6200	14.0600
OKOMU OIL PALM PLC. OKOMUOIL	AGRICULTURE	₦1750.0000	+0.0000%	151,321	—	27.9100	62.7000
UNILEVER NIGERIA PLC. UNILEVER	CONSUMER GOODS	₦156.0000	+0.0000%	165,918	—	26.6800	5.8500
INTERNATIONAL ENERGY INSURANCE PLC INTENEGINS	FINANCIAL SERVICES	₦4.9700	+9.9600%	5,181,850	—	26.3000	0.1700
REGENCY ASSURANCE PLC REGALINS	FINANCIAL SERVICES	₦1.0200	+0.9900%	9,271,569	17,125,350,000	26.1700	0.0400
U A C N PLC. UACN	CONGLOMERATES	₦183.0000	+0.0000%	501,833	535,482,092,865	25.9700	7.0500
INFINITY TRUST MORTGAGE BANK PLC INFINITY	FINANCIAL SERVICES	₦9.3500	+0.0000%	1,370	77,987,334,964	25.9500	0.3600
SEPLAT ENERGY PLC SEPLAT	OIL AND GAS	₦11486.2000	+0.0000%	348,369	—	25.7600	403.6100
AIRTEL AFRICA PLC AIRTELAFRI	ICT	₦3655.7000	+0.0000%	8	—	25.2800	257.6200
SKYWAY AVIATION HANDLING COMPANY PLC SKYAVN	SERVICES	₦156.9500	+0.0000%	29,885	212,444,381,000	25.0400	6.2700
BERGER PAINTS PLC BERGER	INDUSTRIAL GOODS	₦147.6000	+0.0000%	89,140	42,777,940,777	24.9000	5.9300
ABBEY MORTGAGE BANK PLC ABBEYBDS	FINANCIAL SERVICES	₦6.7500	+6.3000%	291,158,908	—	24.7900	0.2500
SUNU ASSURANCES NIGERIA PLC. SUNUASSUR	FINANCIAL SERVICES	₦4.4800	+1.8200%	635,544	—	24.6700	0.1800
GUINEA INSURANCE PLC. GUINEAINS	FINANCIAL SERVICES	₦1.0800	-0.9200%	2,056,773	8,657,652,000	23.8300	-0.0200
NIGERIAN AVIATION HANDLING COMPANY PLC NAHCO	SERVICES	₦189.5000	+0.0000%	621,427	429,907,500,000	23.8000	7.9600
CADBURY NIGERIA PLC. CADBURY	CONSUMER GOODS	₦69.0000	+0.0000%	334,833	—	23.7100	2.9100
CAP PLC CAP	INDUSTRIAL GOODS	₦179.1000	+0.0000%	326,140	—	23.6300	7.5800
NIGERIAN BREW. PLC. NB	CONSUMER GOODS	₦83.7500	+0.1800%	2,868,241	2,633,557,288,200	23.4800	3.5600
MCNICHOLS PLC MCNICHOLS	CONSUMER GOODS	₦8.6000	-1.1500%	5,215,833	—	23.3000	0.3700
INDUSTRIAL & MEDICAL GASES NIGERIA PLC IMG	NATURAL RESOURCES	₦38.1000	+0.0000%	55,294	25,950,476,166	23.1300	1.6500
NESTLE NIGERIA PLC. NESTLE	CONSUMER GOODS	₦3125.0000	+0.0000%	65,514	2,477,050,787,500	21.7700	143.5500
ARADEL HOLDINGS PLC ARADEL	OIL AND GAS	₦1933.8000	+0.0000%	3,533,287	—	21.1100	91.5900
TRANSCORP POWER PLC TRANSPOWER	UTILITIES	₦245.5000	+0.0000%	76,507	—	20.8100	11.8000
CHELLARAMS PLC. CHELLARAM	CONGLOMERATES	₦13.2000	+0.0000%	30,835	9,542,610,000	20.5900	0.6400
ASSOCIATED BUS COMPANY PLC ABCTRANS	SERVICES	₦7.6400	-7.3900%	1,207,864	—	20.4400	0.4100
LIVINGTRUST MORTGAGE BANK PLC LIVINGTRUST	FINANCIAL SERVICES	₦4.0000	-0.2500%	482,265	—	19.8200	0.2000
PRESCO PLC PRESCO	AGRICULTURE	₦2300.0000	+0.0000%	72,525	—	19.5800	117.4500
AFRICA PRUDENTIAL PLC AFRIPRUD	FINANCIAL SERVICES	₦13.0000	-2.6200%	2,318,551	—	19.3900	0.6900
MAY & BAKER NIGERIA PLC. MAYBAKER	HEALTHCARE	₦50.0000	+7.0700%	1,304,295	80,568,469,176	18.8900	2.6500
MULTIVERSE MINING AND EXPLORATION PLC MULTIVERSE	NATURAL RESOURCES	₦25.6500	+0.0000%	16,528	10,931,872,714	17.7000	1.4500
DANGOTE CEMENT PLC DANGCEM	INDUSTRIAL GOODS	₦1180.0000	+0.0000%	950,642	—	17.6900	66.7100
JULIUS BERGER NIG. PLC. JBERGER	CONSTRUCTION/REAL ESTATE	₦310.8000	+0.0000%	141,997	504,000,000,000	17.5300	17.9700
LAFARGE AFRICA PLC. WAPCO	INDUSTRIAL GOODS	₦342.0000	+0.0000%	2,023,487	—	17.0900	20.0200
MEYER PLC. MEYER	INDUSTRIAL GOODS	₦20.6000	+0.0000%	80,102	10,253,187,798	16.8700	1.1100
NASCON ALLIED INDUSTRIES PLC NASCON	CONSUMER GOODS	₦219.5000	-0.2300%	1,536,683	—	16.5900	13.2600
VITAFOAM NIG PLC. VITAFOAM	CONSUMER GOODS	₦194.0000	+0.0000%	396,283	291,196,498,138	16.5700	11.7100
ROYAL EXCHANGE PLC. ROYALEX	FINANCIAL SERVICES	₦1.5000	+0.0000%	2,851,167	—	14.5600	0.1000
UNIVERSITY PRESS PLC. UPL	SERVICES	₦6.1500	+0.0000%	669,306	2,631,597,974	13.6700	0.4500
LEARN AFRICA PLC LEARNAFRCA	SERVICES	₦12.7500	+0.0000%	190,199	9,835,987,500	13.6100	0.9400
JAIZ BANK PLC JAIZBANK	FINANCIAL SERVICES	₦8.9700	-1.4300%	8,369,742	—	13.1000	0.7000
MTN NIGERIA COMMUNICATIONS PLC MTNN	ICT	₦820.0000	+0.0000%	3,794,595	—	12.8800	63.6500
CORNERSTONE INSURANCE PLC CORNERST	FINANCIAL SERVICES	₦5.8000	-1.6900%	2,219,165	—	12.8700	0.4600
FIRST HOLDCO PLC FIRSTHOLDCO	FINANCIAL SERVICES	₦67.0000	-4.2900%	17,325,437	3,000,624,286,478	12.7700	5.2200
VFD GROUP PLC VFDGROUP	INVESTMENT	₦11.0000	+1.8500%	6,561,796	136,819,702,800	12.5900	0.8600
SFS REAL ESTATE INVESTMENT TRUST SFSREIT	CONSTRUCTION/REAL ESTATE	₦418.7500	+0.0000%	10,733	—	12.5600	33.3500
CWG PLC CWG	ICT	₦24.0000	+0.0000%	1,062,091	60,595,832,616	12.1000	1.9800
ETERNA PLC. ETERNA	OIL AND GAS	₦34.4500	-4.2100%	807,697	—	11.9100	2.7700
NPF MICROFINANCE BANK PLC NPFMCRFBK	FINANCIAL SERVICES	₦5.7400	+0.0000%	988,259	34,399,559,157	11.6100	0.4900
BETA GLASS PLC. BETAGLAS	INDUSTRIAL GOODS	₦570.0000	+0.0000%	92,285	—	11.0000	51.8300
NEM INSURANCE PLC NEM	FINANCIAL SERVICES	₦32.9000	+0.0000%	569,380	151,497,628,563	10.9600	3.0000
P Z CUSSONS NIGERIA PLC. PZ	CONSUMER GOODS	₦98.0000	+0.0000%	977,439	—	10.8500	9.0300
UNITED CAPITAL PLC UCAP	FINANCIAL SERVICES	₦19.0000	+1.8800%	8,606,853	335,700,000,000	10.5000	1.7800
DN TYRE & RUBBER PLC DUNLOP	CONSUMER GOODS	₦0.2000	+0.0000%	0	954,533,842	10.0000	0.0200
JOHN HOLT PLC. JOHNHOLT	CONGLOMERATES	₦15.3000	-9.7300%	534,949	7,316,046,546	9.6100	1.7600
AIICO INSURANCE PLC. AIICO	FINANCIAL SERVICES	₦4.6000	+2.2200%	19,862,970	170,214,533,460	9.0600	0.5000
CORONATION INSURANCE PLC WAPIC	FINANCIAL SERVICES	₦2.6300	-1.5000%	1,298,959	—	9.0600	0.2900
HONEYWELL FLOUR MILL PLC HONYFLOUR	CONSUMER GOODS	₦18.4500	+1.3700%	7,708,810	—	8.7500	2.0800
CONSOLIDATED HALLMARK HOLDINGS PLC CONHALLPLC	FINANCIAL SERVICES	₦6.8700	+9.9200%	5,636,779	61,896,400,000	8.0200	0.7800
C & I LEASING PLC. CILEASING	SERVICES	₦6.3500	+4.1000%	1,792,446	—	7.2300	0.8400
CUSTODIAN INVESTMENT PLC CUSTODIAN	CONGLOMERATES	₦83.0000	+0.0000%	286,283	488,194,728,185	6.9000	12.0300
STANBIC IBTC HOLDINGS PLC STANBIC	FINANCIAL SERVICES	₦169.3500	+0.0000%	575,298	—	6.8900	24.5900
UPDC REAL ESTATE INVESTMENT TRUST UPDCREIT	CONSTRUCTION/REAL ESTATE	₦10.7000	-1.3800%	1,464,114	—	6.4200	1.6900
THE INITIATES PLC TIP	SERVICES	₦31.2000	+9.8600%	61,275,571	—	6.4000	4.7200
VERITAS KAPITAL ASSURANCE PLC VERITASKAP	FINANCIAL SERVICES	₦1.6600	+0.6100%	9,495,414	22,879,999,999	6.3100	0.2600
IKEJA HOTEL PLC IKEJAHOTEL	SERVICES	₦43.7000	+8.7100%	865,429	—	6.1200	6.5700
GUARANTY TRUST HOLDING COMPANY PLC GTCO	FINANCIAL SERVICES	₦136.0000	-0.7300%	27,666,758	—	5.8200	23.5500
UNITED BANK FOR AFRICA PLC UBA	FINANCIAL SERVICES	₦44.3000	-0.4500%	76,403,382	1,951,261,139,716	5.5800	7.9700
TRANSNATIONAL CORPORATION PLC TRANSCORP	CONGLOMERATES	₦46.0000	+0.0000%	1,787,137	485,235,384,159	5.3000	8.6800
STERLING FINANCIAL HOLDINGS COMPANY PLC STERLINGNG	FINANCIAL SERVICES	₦7.8500	-0.6300%	16,769,773	—	5.2000	1.5200
ZENITH BANK PLC ZENITHBANK	FINANCIAL SERVICES	₦128.8500	-1.7200%	32,935,528	5,421,217,560,132	5.1700	25.3700
R T BRISCOE PLC. RTBRISCOE	SERVICES	₦14.9000	+9.1600%	3,879,333	—	4.8300	2.8300
WEMA BANK PLC. WEMABANK	FINANCIAL SERVICES	₦33.0000	-1.4900%	3,030,672	—	4.6300	7.1300
MUTUAL BENEFITS ASSURANCE PLC. MBENEFIT	FINANCIAL SERVICES	₦4.2900	-2.2800%	12,670,840	—	4.4900	0.9800
ECOBANK TRANSNATIONAL INCORPORATED ETI	FINANCIAL SERVICES	₦97.4000	+0.0000%	992,697	1,768,304,205,360	4.1000	23.4200
UNIVERSAL INSURANCE PLC UNIVINSURE	FINANCIAL SERVICES	₦1.0900	-2.6800%	10,582,286	18,080,000,000	3.9900	0.2800
LINKAGE ASSURANCE PLC LINKASSURE	FINANCIAL SERVICES	₦1.7900	+0.5600%	17,096,903	31,600,800,000	3.7900	0.4700
FIDELITY BANK PLC FIDELITYBK	FINANCIAL SERVICES	₦20.2500	-4.4800%	8,573,448	—	2.9700	6.9500
FCMB GROUP PLC. FCMB	FINANCIAL SERVICES	₦11.5000	-1.7100%	5,706,965	—	2.9100	3.9600
GREIF NIGERIA PLC VANLEER	INDUSTRIAL GOODS	₦5.4500	+0.0000%	0	232,388,000	2.3600	2.3100
OANDO PLC OANDO	OIL AND GAS	₦48.0500	-5.7800%	5,014,004	—	2.0000	25.5300
ACCESS HOLDINGS PLC ACCESSCORP	FINANCIAL SERVICES	₦24.0000	-0.2100%	130,257,627	—	1.7100	14.0900
UH REAL ESTATE INVESTMENT TRUST UHOMREIT	CONSTRUCTION/REAL ESTATE	₦84.7000	+0.0000%	40,229	21,176,675,451	0.8700	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.