Most Overvalued Stocks
120 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 — 120 Stocks
Sorted by signal strength| Company | Sector | Price (₦) | % Change | Volume | Mkt Cap | P/E | EPS (₦) |
|---|---|---|---|---|---|---|---|
|
MORISON INDUSTRIES PLC.
MORISON |
HEALTHCARE | ₦10.4000 | +0.0000% | 7,030 | — | 2489.9200 | 0.0000 |
|
PREMIER PAINTS PLC.
PREMPAINTS |
INDUSTRIAL GOODS | ₦30.4000 | +0.0000% | 12,513 | — | 2314.3500 | -0.0400 |
|
NORTHERN NIGERIA FLOUR MILLS PLC
NNFM |
CONSUMER GOODS | ₦79.4000 | +0.0000% | 115 | — | 552.6100 | -6.7000 |
|
DANGOTE SUGAR REFINERY PLC
DANGSUGAR |
CONSUMER GOODS | ₦67.1500 | -1.2500% | 1,868,530 | — | 481.5100 | 0.1400 |
|
TRIPPLE GEE AND COMPANY PLC.
TRIPPLEG |
INDUSTRIAL GOODS | ₦3.0900 | +0.0000% | 53,791 | — | 265.5300 | -0.1000 |
|
GEREGU POWER PLC
GEREGU |
UTILITIES | ₦825.7000 | +0.0000% | 1,203 | — | 217.8500 | 3.7900 |
|
TANTALIZERS PLC
TANTALIZER |
SERVICES | ₦3.9000 | -2.0100% | 1,773,799 | — | 196.0500 | 0.0200 |
|
EUNISELL INTERLINKED PLC
EUNISELL |
SERVICES | ₦189.0000 | +0.0000% | 7,665 | — | 179.3400 | 1.0500 |
|
TRANSCORP HOTELS PLC
TRANSCOHOT |
SERVICES | ₦290.5000 | +0.0000% | 28,546 | — | 125.4000 | 2.3200 |
|
UNION DICON SALT PLC.
UNIONDICON |
CONSUMER GOODS | ₦23.7500 | +0.0000% | 10,515 | — | 118.7000 | 0.2000 |
|
GUINEA INSURANCE PLC.
GUINEAINS |
FINANCIAL SERVICES | ₦0.9700 | -3.0000% | 2,074,470 | — | 100.6700 | 0.0100 |
|
CUTIX PLC.
CUTIX |
INDUSTRIAL GOODS | ₦2.3500 | +0.0000% | 937,333 | — | 97.6500 | 0.0000 |
|
SOVEREIGN TRUST INSURANCE PLC
SOVRENINS |
FINANCIAL SERVICES | ₦2.2000 | +0.0000% | 707,152 | — | 89.4500 | 0.0000 |
|
CHAMPION BREWERIES PLC
CHAMPION |
CONSUMER GOODS | ₦10.0000 | +0.0000% | 1,128,185 | — | 76.7500 | 0.1300 |
|
UPDC PLC
UPDC |
CONSTRUCTION/REAL ESTATE | ₦3.8000 | -2.5600% | 1,246,975 | — | 75.2500 | -0.0300 |
|
DAAR COMMUNICATIONS PLC
DAARCOMM |
SERVICES | ₦1.4700 | -6.3700% | 1,988,461 | — | 66.9600 | 0.0200 |
|
E-TRANZACT INTERNATIONAL PLC
ETRANZACT |
ICT | ₦17.3000 | +9.8400% | 4,853,430 | — | 66.4600 | 0.2400 |
|
CHAMS HOLDING COMPANY PLC
CHAMS |
ICT | ₦3.5000 | +1.4300% | 7,730,864 | — | 63.1700 | 0.0600 |
|
SCOA NIGERIA PLC
SCOA |
CONGLOMERATES | ₦33.0500 | +0.0000% | 8,922 | — | 56.7900 | 0.5800 |
|
NCR (NIGERIA) PLC.
NCR |
ICT | ₦161.2000 | +0.0000% | 909 | — | 55.9300 | 2.8800 |
|
SUNU ASSURANCES NIGERIA PLC.
SUNUASSUR |
FINANCIAL SERVICES | ₦2.9300 | +0.0000% | 54,553 | — | 48.6800 | 0.0600 |
|
JULI PLC.
JULI |
SERVICES | ₦6.5500 | +0.0000% | 460 | — | 45.6500 | 0.1400 |
|
SKYWAY AVIATION HANDLING COMPANY PLC
SKYAVN |
SERVICES | ₦171.2000 | +0.0000% | 636 | — | 42.5000 | 4.0300 |
|
AFRICAN ALLIANCE INSURANCE PLC
AFRINSURE |
FINANCIAL SERVICES | ₦0.2000 | +0.0000% | 0 | — | 35.6100 | 0.0100 |
|
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC
NEIMETH |
HEALTHCARE | ₦7.8000 | -1.2700% | 1,124,590 | — | 34.4400 | 0.2300 |
|
INTERNATIONAL BREWERIES PLC.
INTBREW |
CONSUMER GOODS | ₦9.9500 | +4.7400% | 921,708 | — | 33.3500 | 0.2800 |
|
ROYAL EXCHANGE PLC.
ROYALEX |
FINANCIAL SERVICES | ₦1.0800 | +3.8500% | 1,614,077 | — | 33.2000 | -0.0700 |
|
MECURE INDUSTRIES PLC
MECURE |
HEALTHCARE | ₦56.2000 | +0.0000% | 26,000 | — | 31.1700 | 1.8000 |
|
INFINITY TRUST MORTGAGE BANK PLC
INFINITY |
FINANCIAL SERVICES | ₦11.2500 | +0.0000% | 12,784 | — | 30.7400 | 0.3700 |
|
NIGERIAN EXCHANGE GROUP PLC
NGXGROUP |
FINANCIAL SERVICES | ₦169.0000 | +0.0000% | 855,916 | — | 29.8900 | 5.6500 |
|
LIVINGTRUST MORTGAGE BANK PLC
LIVINGTRUST |
FINANCIAL SERVICES | ₦2.9300 | -2.3300% | 400,150 | — | 29.0300 | -0.0400 |
|
AXAMANSARD INSURANCE PLC
MANSARD |
FINANCIAL SERVICES | ₦11.0000 | +0.0000% | 199,463 | — | 27.5000 | 0.4000 |
|
ABBEY BANK PLC
ABBEYBANK |
FINANCIAL SERVICES | ₦6.6500 | -5.0000% | 1,003,905 | — | 26.6700 | 0.2600 |
|
ABBEY MORTGAGE BANK PLC
ABBEYBDS |
FINANCIAL SERVICES | ₦8.0500 | -7.4700% | 719,840 | — | 26.6700 | 0.2600 |
|
GUINNESS NIGERIA PLC
GUINNESS |
CONSUMER GOODS | ₦423.0000 | +0.0000% | 106,628 | — | 25.5700 | 16.5400 |
|
BUA FOODS PLC
BUAFOODS |
CONSUMER GOODS | ₦760.6000 | +0.0000% | 43,262 | — | 24.8700 | 30.5900 |
|
BERGER PAINTS PLC
BERGER |
INDUSTRIAL GOODS | ₦147.6000 | +0.0000% | 2,462 | — | 24.6900 | 5.9800 |
|
THE OKOMU OIL PALM COMPANY PLC
OKOMUOIL |
AGRICULTURE | ₦1276.2000 | +0.0000% | 22,632 | — | 24.2800 | 52.5700 |
|
JAPAUL GOLD & VENTURES PLC
JAPAULGOLD |
OIL AND GAS | ₦2.5800 | -3.7300% | 3,592,786 | — | 23.9200 | 0.1100 |
|
UAC OF NIGERIA PLC
UACN |
CONGLOMERATES | ₦184.0000 | +0.0000% | 216,418 | — | 23.5300 | 7.8200 |
|
CONOIL PLC
CONOIL |
OIL AND GAS | ₦210.0000 | +0.0000% | 20,964 | — | 22.6500 | 9.2700 |
|
NIGERIAN BREWERIES PLC
NB |
CONSUMER GOODS | ₦75.0000 | +0.1300% | 2,034,270 | — | 22.4600 | 3.3400 |
|
RED STAR EXPRESS PLC
REDSTAREX |
SERVICES | ₦13.4000 | +0.0000% | 289,925 | — | 21.4300 | 0.6300 |
|
FTN COCOA PROCESSORS PLC
FTNCOCOA |
AGRICULTURE | ₦7.6100 | -3.5500% | 1,557,162 | — | 21.4000 | 0.3700 |
|
SEPLAT ENERGY PLC
SEPLAT |
OIL AND GAS | ₦16000.1000 | +0.0000% | 20,714 | — | 21.3700 | 682.2600 |
|
BUA CEMENT PLC
BUACEMENT |
INDUSTRIAL GOODS | ₦297.0000 | +0.0000% | 713,390 | — | 20.1100 | 14.7700 |
|
CADBURY NIGERIA PLC.
CADBURY |
CONSUMER GOODS | ₦60.0000 | +0.0000% | 504,293 | — | 19.8000 | 3.0300 |
|
FIDSON HEALTHCARE PLC
FIDSON |
HEALTHCARE | ₦83.0000 | +0.0000% | 420,429 | — | 19.7600 | 4.2000 |
|
REGENCY ALLIANCE INSURANCE PLC
REGALINS |
FINANCIAL SERVICES | ₦0.7800 | +0.0000% | 961,543 | — | 19.6400 | 0.0400 |
|
PRESCO PLC
PRESCO |
AGRICULTURE | ₦2045.3000 | +0.0000% | 10,773 | — | 19.3900 | 105.5000 |
|
ACADEMY PRESS PLC.
ACADEMY |
SERVICES | ₦5.1000 | +0.0000% | 102,703 | — | 19.0900 | -0.1100 |
|
INDUSTRIAL & MEDICAL GASES NIGERIA PLC
IMG |
NATURAL RESOURCES | ₦28.0000 | +0.0000% | 3,827 | — | 18.5700 | 1.5100 |
|
NESTLE NIGERIA PLC.
NESTLE |
CONSUMER GOODS | ₦2750.0000 | +0.0000% | 7,821 | — | 18.2900 | 150.3400 |
|
AIRTEL AFRICA PLC
AIRTELAFRI |
ICT | ₦6300.0000 | +0.0000% | 1,045 | — | 17.9900 | 269.8800 |
|
UNILEVER NIGERIA PLC.
UNILEVER |
CONSUMER GOODS | ₦102.5000 | +0.0000% | 1,853,296 | — | 17.6400 | 5.8100 |
|
MULTIVERSE MINING AND EXPLORATION PLC
MULTIVERSE |
NATURAL RESOURCES | ₦19.2000 | +0.0000% | 25,328 | — | 17.3400 | 1.1100 |
|
JULIUS BERGER NIGERIA PLC
JBERGER |
CONSTRUCTION/REAL ESTATE | ₦310.8000 | +0.0000% | 855 | — | 17.2600 | 18.0100 |
|
VITAFOAM NIGERIA PLC
VITAFOAM |
CONSUMER GOODS | ₦194.0000 | +0.0000% | 181,140 | — | 16.7900 | 11.5500 |
|
THOMAS WYATT NIGERIA PLC.
THOMASWY |
NATURAL RESOURCES | ₦2.2000 | -6.3800% | 885,942 | — | 16.4100 | 0.1400 |
|
LAFARGE AFRICA PLC.
WAPCO |
INDUSTRIAL GOODS | ₦335.0000 | +2.1300% | 5,046,652 | — | 16.3900 | 21.6500 |
|
HBM NIGERIA PLC
HBMNG |
INDUSTRIAL GOODS | ₦355.0000 | +0.0000% | 679,977 | — | 16.3900 | 21.6500 |
|
PRESTIGE ASSURANCE PLC
PRESTIGE |
FINANCIAL SERVICES | ₦1.4000 | +0.0000% | 342,074 | — | 16.2600 | 0.0900 |
|
NIGERIAN AVIATION HANDLING COMPANY PLC
NAHCO |
SERVICES | ₦140.0000 | +0.0000% | 857,308 | — | 15.9900 | 8.7600 |
|
DANGOTE CEMENT PLC
DANGCEM |
INDUSTRIAL GOODS | ₦1066.7000 | +0.0000% | 121,769 | — | 15.8400 | 67.3500 |
|
MEYER PLC.
MEYER |
INDUSTRIAL GOODS | ₦15.9500 | +0.0000% | 40,954 | — | 15.7000 | 1.0200 |
|
TRANSCORP POWER PLC
TRANSPOWER |
UTILITIES | ₦178.0000 | +0.0000% | 60,403 | — | 15.5500 | 11.4500 |
|
ABC TRANSPORT PLC
ABCTRANS |
SERVICES | ₦6.0500 | +0.0000% | 171,881 | — | 15.4500 | 0.3900 |
|
FIRST HOLDCO PLC
FIRSTHOLDCO |
FINANCIAL SERVICES | ₦138.0000 | +0.8400% | 10,850,935 | — | 15.4500 | 8.5400 |
|
AFRICA PRUDENTIAL PLC
AFRIPRUD |
FINANCIAL SERVICES | ₦11.0000 | +0.0000% | 311,872 | — | 14.5900 | 0.7400 |
|
CHEMICAL AND ALLIED PRODUCTS PLC
CAP |
INDUSTRIAL GOODS | ₦108.5000 | +0.0000% | 60,009 | — | 14.3900 | 7.5400 |
|
INTERNATIONAL ENERGY INSURANCE PLC
INTENEGINS |
FINANCIAL SERVICES | ₦2.0900 | -1.4400% | 10,055,503 | — | 13.8000 | 0.1500 |
|
NASCON ALLIED INDUSTRIES PLC
NASCON |
CONSUMER GOODS | ₦171.0000 | -9.4800% | 694,382 | — | 13.6000 | 13.8900 |
|
UPDC REAL ESTATE INVESTMENT TRUST
UPDCREIT |
CONSTRUCTION/REAL ESTATE | ₦23.5000 | +0.0000% | 2,549,539 | — | 12.7000 | 1.8500 |
|
SFS REAL ESTATE INVESTMENT TRUST
SFSREIT |
CONSTRUCTION/REAL ESTATE | ₦418.7500 | +0.0000% | 22,404 | — | 12.6300 | 33.1500 |
|
MTN NIGERIA COMMUNICATIONS PLC
MTNN |
ICT | ₦820.0000 | -2.8400% | 1,208,028 | — | 12.5900 | 67.0300 |
|
MAY & BAKER NIGERIA PLC.
MAYBAKER |
HEALTHCARE | ₦39.7500 | +0.0000% | 191,874 | — | 12.5800 | 3.1600 |
|
JAIZ BANK PLC
JAIZBANK |
FINANCIAL SERVICES | ₦7.9000 | +3.2700% | 7,128,346 | — | 11.0700 | 0.6900 |
|
MCNICHOLS CONSOLIDATED PLC
MCNICHOLS |
CONSUMER GOODS | ₦5.2000 | +4.0000% | 3,616,697 | — | 11.0200 | 0.4500 |
|
BETA GLASS PLC.
BETAGLAS |
INDUSTRIAL GOODS | ₦511.5000 | +0.0000% | 26,130 | — | 10.0000 | 51.1700 |
|
DN TYRE & RUBBER PLC
DUNLOP |
CONSUMER GOODS | ₦0.2000 | +0.0000% | 0 | 954,533,842 | 10.0000 | 0.0200 |
|
NPF MICROFINANCE BANK PLC
NPFMCRFBK |
FINANCIAL SERVICES | ₦4.6000 | +0.0000% | 235,164 | — | 9.1200 | 0.5000 |
|
CWG PLC
CWG |
ICT | ₦20.0500 | +9.8600% | 1,742,913 | — | 9.1000 | 2.0000 |
|
VFD GROUP PLC
VFDGROUP |
INVESTMENT | ₦13.0000 | -2.2600% | 14,256,529 | — | 8.9200 | 1.4900 |
|
THE INITIATES PLC
TIP |
SERVICES | ₦25.9000 | +0.0000% | 1,645,717 | — | 8.8800 | 2.9200 |
|
ETERNA PLC.
ETERNA |
OIL AND GAS | ₦40.0500 | +0.0000% | 696,112 | — | 8.4900 | 4.7100 |
|
UNIVERSITY PRESS PLC.
UPL |
SERVICES | ₦5.0000 | +6.3800% | 318,385 | — | 8.4800 | 0.5500 |
|
LEARN AFRICA PLC
LEARNAFRCA |
SERVICES | ₦9.1500 | +0.0000% | 32,723 | — | 8.0700 | 1.1300 |
|
UNITED CAPITAL PLC
UCAP |
FINANCIAL SERVICES | ₦16.7500 | +0.3000% | 3,674,467 | — | 8.0600 | 2.0700 |
|
ARADEL HOLDINGS PLC
ARADEL |
OIL AND GAS | ₦1499.9000 | +7.1400% | 1,506,705 | — | 7.9700 | 175.7200 |
|
PZ CUSSONS NIGERIA PLC.
PZ |
CONSUMER GOODS | ₦64.5000 | +0.0000% | 641,995 | — | 7.5000 | 8.6000 |
|
CORNERSTONE INSURANCE PLC
CORNERST |
FINANCIAL SERVICES | ₦4.9000 | -1.0100% | 343,138 | — | 7.4900 | 0.6600 |
|
AIICO INSURANCE PLC.
AIICO |
FINANCIAL SERVICES | ₦4.0500 | +2.2700% | 2,149,309 | — | 7.3000 | 0.5400 |
|
C & I LEASING PLC.
CILEASING |
SERVICES | ₦5.4000 | +0.0000% | 253,398 | — | 6.8600 | 0.7900 |
|
LINKAGE ASSURANCE PLC
LINKASSURE |
FINANCIAL SERVICES | ₦1.6300 | +0.0000% | 11,404,896 | — | 6.7400 | 0.2400 |
|
HONEYWELL FLOUR MILL PLC
HONYFLOUR |
CONSUMER GOODS | ₦17.6000 | -0.2800% | 1,495,271 | — | 6.7200 | 2.6300 |
|
CORONATION INSURANCE PLC
WAPIC |
FINANCIAL SERVICES | ₦2.4000 | -4.0000% | 960,409 | — | 6.6600 | 0.3800 |
|
IKEJA HOTEL PLC
IKEJAHOTEL |
SERVICES | ₦45.0000 | +0.0000% | 86,766 | — | 6.6500 | 6.7700 |
|
VERITAS KAPITAL ASSURANCE PLC
VERITASKAP |
FINANCIAL SERVICES | ₦1.1000 | +1.8500% | 2,228,820 | — | 6.0400 | -0.1300 |
|
STANBIC IBTC HOLDINGS PLC
STANBIC |
FINANCIAL SERVICES | ₦168.0000 | +0.0000% | 2,468,291 | — | 6.0400 | 27.8000 |
|
CUSTODIAN INVESTMENT PLC
CUSTODIAN |
CONGLOMERATES | ₦70.0000 | +0.0000% | 311,496 | — | 5.7700 | 12.1400 |
|
FIDELITY BANK PLC
FIDELITYBK |
FINANCIAL SERVICES | ₦20.0500 | -0.2500% | 136,172 | — | 5.6000 | 3.5700 |
|
ZENITH BANK PLC
ZENITHBANK |
FINANCIAL SERVICES | ₦128.1000 | +0.3100% | 625,669 | — | 5.5900 | 22.8400 |
|
GUARANTY TRUST HOLDING COMPANY PLC
GTCO |
FINANCIAL SERVICES | ₦131.0000 | +2.5800% | 620,871 | — | 5.5500 | 23.0500 |
|
UNITED BANK FOR AFRICA PLC
UBA |
FINANCIAL SERVICES | ₦43.1500 | +0.3500% | 36,369,840 | — | 5.3900 | 7.9700 |
|
STERLING FINANCIAL HOLDINGS COMPANY PLC
STERLINGNG |
FINANCIAL SERVICES | ₦76.9500 | +0.1300% | 2,912,248 | — | 5.3800 | 14.2800 |
|
NEM INSURANCE PLC
NEM |
FINANCIAL SERVICES | ₦28.2500 | +0.0000% | 269,778 | — | 5.3600 | 5.2700 |
|
CHELLARAMS PLC.
CHELLARAM |
CONGLOMERATES | ₦9.7000 | +0.0000% | 2,449 | — | 5.2600 | 1.8500 |
|
MUTUAL BENEFITS ASSURANCE PLC.
MBENEFIT |
FINANCIAL SERVICES | ₦3.1100 | -3.1200% | 4,423,191 | — | 4.8600 | 0.6600 |
|
WEMA BANK PLC.
WEMABANK |
FINANCIAL SERVICES | ₦31.0000 | -0.3200% | 3,849,350 | — | 4.7600 | 6.5100 |
|
TRANSNATIONAL CORPORATION PLC
TRANSCORP |
CONGLOMERATES | ₦36.0000 | +0.0000% | 292,803 | — | 4.7400 | 7.5900 |
|
JOHN HOLT PLC.
JOHNHOLT |
CONGLOMERATES | ₦8.7500 | +0.0000% | 45,736 | — | 3.9900 | 2.1900 |
|
R. T. BRISCOE (NIGERIA) PLC
RTBRISCOE |
SERVICES | ₦9.2500 | +0.0000% | 207,632 | — | 3.3100 | 2.7900 |
|
ECOBANK TRANSNATIONAL INCORPORATED
ETI |
FINANCIAL SERVICES | ₦71.4000 | +1.2800% | 5,149,894 | — | 3.0100 | 23.0900 |
|
FCMB GROUP PLC.
FCMB |
FINANCIAL SERVICES | ₦11.0000 | -1.3600% | 4,014,924 | — | 2.6000 | 4.2300 |
|
GREIF NIGERIA PLC
VANLEER |
INDUSTRIAL GOODS | ₦5.4500 | +0.0000% | 0 | 232,388,000 | 2.3600 | 2.3100 |
|
CONSOLIDATED HALLMARK HOLDINGS PLC
CONHALLPLC |
FINANCIAL SERVICES | ₦7.0500 | +0.0000% | 446,150 | — | 2.3500 | 3.0000 |
|
UNIVERSAL INSURANCE PLC
UNIVINSURE |
FINANCIAL SERVICES | ₦0.7700 | +0.0000% | 0 | — | 2.2300 | 0.3400 |
|
ACCESS HOLDINGS PLC
ACCESSCORP |
FINANCIAL SERVICES | ₦28.3000 | -0.3500% | 16,975,338 | — | 2.0200 | 14.0900 |
|
OANDO PLC
OANDO |
OIL AND GAS | ₦34.9500 | +1.1600% | 2,044,514 | — | 1.3100 | 26.3300 |
|
UH REAL ESTATE INVESTMENT TRUST
UHOMREIT |
CONSTRUCTION/REAL ESTATE | ₦70.0000 | +0.0000% | 14,270 | — | 0.7200 | 97.3500 |
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.