Most Overvalued Stocks
119 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 — 119 Stocks
Sorted by signal strength| Company | Sector | Price (₦) | % Change | Volume | Mkt Cap | P/E | EPS (₦) |
|---|---|---|---|---|---|---|---|
|
MORISON INDUSTRIES PLC.
MORISON |
HEALTHCARE | ₦10.4000 | +0.0000% | 49,071 | — | 2489.9200 | 0.0000 |
|
PREMIER PAINTS PLC.
PREMPAINTS |
INDUSTRIAL GOODS | ₦30.4000 | +0.0000% | 3,801 | — | 2314.3500 | -0.0400 |
|
NORTHERN NIGERIA FLOUR MILLS PLC
NNFM |
CONSUMER GOODS | ₦79.4000 | +0.0000% | 2,219 | — | 552.6100 | -6.7000 |
|
DANGOTE SUGAR REFINERY PLC
DANGSUGAR |
CONSUMER GOODS | ₦70.0000 | +1.4500% | 5,374,771 | — | 488.5900 | 0.1400 |
|
TRIPPLE GEE AND COMPANY PLC.
TRIPPLEG |
INDUSTRIAL GOODS | ₦2.8800 | +0.0000% | 27,015 | — | 265.5300 | -0.1000 |
|
GEREGU POWER PLC
GEREGU |
UTILITIES | ₦825.7000 | +0.0000% | 1,896 | — | 217.8500 | 3.7900 |
|
TANTALIZERS PLC
TANTALIZER |
SERVICES | ₦3.8200 | -4.9800% | 7,909,175 | — | 198.0200 | 0.0200 |
|
EUNISELL INTERLINKED PLC
EUNISELL |
SERVICES | ₦189.0000 | +0.0000% | 1,755 | — | 126.4100 | 1.5000 |
|
UNION DICON SALT PLC.
UNIONDICON |
CONSUMER GOODS | ₦23.7500 | +0.0000% | 8,623 | — | 118.7000 | 0.2000 |
|
TRANSCORP HOTELS PLC
TRANSCOHOT |
SERVICES | ₦265.5000 | +0.0000% | 13,317 | — | 114.6000 | 2.3200 |
|
CUTIX PLC.
CUTIX |
INDUSTRIAL GOODS | ₦2.4000 | +0.4200% | 3,713,832 | — | 97.6500 | 0.0000 |
|
SOVEREIGN TRUST INSURANCE PLC
SOVRENINS |
FINANCIAL SERVICES | ₦1.8800 | +9.9400% | 8,898,358 | — | 89.4500 | 0.0000 |
|
GUINEA INSURANCE PLC.
GUINEAINS |
FINANCIAL SERVICES | ₦0.7500 | -2.6000% | 3,421,832 | — | 77.5200 | 0.0100 |
|
CHAMPION BREW. PLC.
CHAMPION |
CONSUMER GOODS | ₦10.5000 | +5.5300% | 2,791,003 | — | 76.3600 | 0.1300 |
|
UPDC PLC
UPDC |
CONSTRUCTION/REAL ESTATE | ₦3.5500 | +0.0000% | 644,057 | — | 75.2500 | -0.0300 |
|
CHAMS HOLDING COMPANY PLC
CHAMS |
ICT | ₦3.9900 | +0.2500% | 9,637,604 | — | 71.8300 | 0.0600 |
|
DAAR COMMUNICATIONS PLC
DAARCOMM |
SERVICES | ₦1.5100 | +0.0000% | 1,305,768 | — | 64.4000 | 0.0200 |
|
S C O A NIG. PLC.
SCOA |
CONGLOMERATES | ₦33.0500 | +0.0000% | 16,005 | — | 56.7900 | 0.5800 |
|
NCR (NIGERIA) PLC.
NCR |
ICT | ₦161.2000 | +0.0000% | 522 | — | 55.9300 | 2.8800 |
|
E-TRANZACT INTERNATIONAL PLC
ETRANZACT |
ICT | ₦13.2500 | +0.0000% | 200,813 | — | 55.9100 | 0.2400 |
|
JULI PLC.
JULI |
SERVICES | ₦7.2500 | +0.0000% | 1,005 | — | 50.5300 | 0.1400 |
|
SUNU ASSURANCES NIGERIA PLC.
SUNUASSUR |
FINANCIAL SERVICES | ₦3.1200 | +9.8600% | 482,585 | — | 47.1800 | 0.0600 |
|
SKYWAY AVIATION HANDLING COMPANY PLC
SKYAVN |
SERVICES | ₦171.2000 | +0.0000% | 1,518 | — | 42.5000 | 4.0300 |
|
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC
NEIMETH |
HEALTHCARE | ₦7.9000 | +1.2800% | 820,388 | — | 34.0100 | 0.2300 |
|
ROYAL EXCHANGE PLC.
ROYALEX |
FINANCIAL SERVICES | ₦0.9600 | +9.0900% | 2,305,989 | — | 33.2000 | -0.0700 |
|
INTERNATIONAL BREWERIES PLC.
INTBREW |
CONSUMER GOODS | ₦9.8000 | +5.9500% | 1,891,891 | — | 32.4700 | 0.2800 |
|
ABBEY BANK PLC
ABBEYBANK |
FINANCIAL SERVICES | ₦7.7000 | -9.4100% | 607,681 | — | 32.3900 | 0.2600 |
|
ABBEY MORTGAGE BANK PLC
ABBEYBDS |
FINANCIAL SERVICES | ₦8.0500 | -7.4700% | 719,840 | — | 32.3900 | 0.2600 |
|
MECURE INDUSTRIES PLC
MECURE |
HEALTHCARE | ₦56.2000 | +0.0000% | 295,120 | — | 31.1700 | 1.8000 |
|
INFINITY TRUST MORTGAGE BANK PLC
INFINITY |
FINANCIAL SERVICES | ₦11.2500 | +0.0000% | 13,638 | — | 30.7400 | 0.3700 |
|
AXAMANSARD INSURANCE PLC
MANSARD |
FINANCIAL SERVICES | ₦12.0000 | +0.0000% | 561,902 | — | 30.0000 | 0.4000 |
|
LIVINGTRUST MORTGAGE BANK PLC
LIVINGTRUST |
FINANCIAL SERVICES | ₦3.2500 | +0.0000% | 238,833 | — | 29.0300 | -0.0400 |
|
OKOMU OIL PALM PLC.
OKOMUOIL |
AGRICULTURE | ₦1418.0000 | +0.0000% | 23,759 | — | 26.9700 | 52.5700 |
|
RED STAR EXPRESS PLC
REDSTAREX |
SERVICES | ₦16.1500 | +0.0000% | 598,981 | — | 25.8300 | 0.6300 |
|
JAPAUL GOLD & VENTURES PLC
JAPAULGOLD |
OIL AND GAS | ₦2.7500 | -3.8500% | 14,865,373 | — | 25.5300 | 0.1100 |
|
BUA FOODS PLC
BUAFOODS |
CONSUMER GOODS | ₦760.6000 | +0.0000% | 100,277 | — | 24.8700 | 30.5900 |
|
BERGER PAINTS PLC
BERGER |
INDUSTRIAL GOODS | ₦147.6000 | +0.0000% | 2,956 | — | 24.6900 | 5.9800 |
|
GUINNESS NIGERIA PLC
GUINNESS |
CONSUMER GOODS | ₦384.8000 | +0.0000% | 607,248 | — | 23.2600 | 16.5400 |
|
UAC OF NIGERIA PLC
UACN |
CONGLOMERATES | ₦177.8500 | +0.0000% | 262,565 | — | 22.7400 | 7.8200 |
|
CONOIL PLC
CONOIL |
OIL AND GAS | ₦210.0000 | +0.0000% | 55,447 | — | 22.6500 | 9.2700 |
|
INDUSTRIAL & MEDICAL GASES NIGERIA PLC
IMG |
NATURAL RESOURCES | ₦34.1000 | +0.0000% | 9,973 | — | 22.6100 | 1.5100 |
|
AIRTEL AFRICA PLC
AIRTELAFRI |
ICT | ₦6300.0000 | +0.0000% | 2,351 | — | 22.3400 | 269.8800 |
|
NIGERIAN EXCHANGE GROUP
NGXGROUP |
FINANCIAL SERVICES | ₦133.4000 | +6.7200% | 4,505,737 | — | 22.1100 | 5.6500 |
|
FTN COCOA PROCESSORS PLC
FTNCOCOA |
AGRICULTURE | ₦7.5000 | -6.2500% | 1,420,322 | — | 21.7000 | 0.3700 |
|
CADBURY NIGERIA PLC.
CADBURY |
CONSUMER GOODS | ₦64.9000 | +0.0000% | 866,000 | — | 21.4200 | 3.0300 |
|
BUA CEMENT PLC
BUACEMENT |
INDUSTRIAL GOODS | ₦309.0000 | -2.2200% | 2,897,695 | — | 21.4000 | 14.7700 |
|
NIGERIAN BREW. PLC.
NB |
CONSUMER GOODS | ₦75.0000 | +8.0700% | 31,245,501 | — | 20.7800 | 3.3400 |
|
REGENCY ASSURANCE PLC
REGALINS |
FINANCIAL SERVICES | ₦0.8600 | +7.5000% | 850,917 | — | 20.1400 | 0.0400 |
|
UNILEVER NIGERIA PLC.
UNILEVER |
CONSUMER GOODS | ₦114.0000 | +0.0000% | 256,062 | — | 19.6200 | 5.8100 |
|
PRESCO PLC
PRESCO |
AGRICULTURE | ₦2045.3000 | +0.0000% | 16,200 | — | 19.3900 | 105.5000 |
|
MULTIVERSE MINING AND EXPLORATION PLC
MULTIVERSE |
NATURAL RESOURCES | ₦21.3000 | +0.0000% | 25,196 | — | 19.2300 | 1.1100 |
|
THOMAS WYATT NIG. PLC.
THOMASWY |
NATURAL RESOURCES | ₦2.7500 | +0.0000% | 82,676 | — | 19.2000 | 0.1400 |
|
TRANSCORP POWER PLC
TRANSPOWER |
UTILITIES | ₦219.6000 | +0.0000% | 13,532 | — | 19.1800 | 11.4500 |
|
ACADEMY PRESS PLC.
ACADEMY |
SERVICES | ₦6.1500 | +0.0000% | 46,239 | — | 19.0900 | -0.1100 |
|
NESTLE NIGERIA PLC.
NESTLE |
CONSUMER GOODS | ₦2830.0000 | +0.0000% | 80,215 | — | 18.8200 | 150.3400 |
|
INTERNATIONAL ENERGY INSURANCE PLC
INTENEGINS |
FINANCIAL SERVICES | ₦2.8200 | -0.7000% | 16,766,801 | — | 18.7600 | 0.1500 |
|
FIDSON HEALTHCARE PLC
FIDSON |
HEALTHCARE | ₦79.0000 | +2.6000% | 1,315,192 | — | 18.3300 | 4.2000 |
|
SEPLAT ENERGY PLC
SEPLAT |
OIL AND GAS | ₦12320.6000 | +0.0000% | 223,972 | — | 17.5500 | 682.2600 |
|
JULIUS BERGER NIG. PLC.
JBERGER |
CONSTRUCTION/REAL ESTATE | ₦310.8000 | +0.0000% | 9,725 | — | 17.2600 | 18.0100 |
|
NIGERIAN AVIATION HANDLING COMPANY PLC
NAHCO |
SERVICES | ₦150.2000 | +0.0000% | 598,787 | — | 17.1500 | 8.7600 |
|
VITAFOAM NIG PLC.
VITAFOAM |
CONSUMER GOODS | ₦194.0000 | +0.0000% | 885,025 | — | 16.7900 | 11.5500 |
|
FIRST HOLDCO PLC
FIRSTHOLDCO |
FINANCIAL SERVICES | ₦145.0000 | -0.0300% | 14,467,751 | — | 16.3700 | 8.5400 |
|
PRESTIGE ASSURANCE PLC
PRESTIGE |
FINANCIAL SERVICES | ₦1.4000 | -2.1400% | 2,708,324 | — | 16.2600 | 0.0900 |
|
AFRICA PRUDENTIAL PLC
AFRIPRUD |
FINANCIAL SERVICES | ₦11.1000 | +0.0000% | 966,081 | — | 16.1200 | 0.6900 |
|
MEYER PLC.
MEYER |
INDUSTRIAL GOODS | ₦15.9500 | +0.0000% | 4,828 | — | 15.7000 | 1.0200 |
|
HBM NIGERIA PLC
HBMNG |
INDUSTRIAL GOODS | ₦335.0000 | +0.3000% | 6,252,038 | — | 15.4200 | 21.6500 |
|
LAFARGE AFRICA PLC.
WAPCO |
INDUSTRIAL GOODS | ₦335.0000 | +2.1300% | 5,046,652 | — | 15.4200 | 21.6500 |
|
DANGOTE CEMENT PLC
DANGCEM |
INDUSTRIAL GOODS | ₦1034.0000 | +0.0000% | 878,097 | — | 15.3500 | 67.3500 |
|
CAP PLC
CAP |
INDUSTRIAL GOODS | ₦115.4500 | +0.0000% | 154,101 | — | 15.3100 | 7.5400 |
|
NASCON ALLIED INDUSTRIES PLC
NASCON |
CONSUMER GOODS | ₦195.0000 | +0.0000% | 248,203 | — | 14.0400 | 13.8900 |
|
ASSOCIATED BUS COMPANY PLC
ABCTRANS |
SERVICES | ₦5.2500 | +0.0000% | 782,327 | — | 13.4000 | 0.3900 |
|
SFS REAL ESTATE INVESTMENT TRUST
SFSREIT |
CONSTRUCTION/REAL ESTATE | ₦418.7500 | +0.0000% | 635 | — | 12.6300 | 33.1500 |
|
MAY & BAKER NIGERIA PLC.
MAYBAKER |
HEALTHCARE | ₦37.0000 | +0.0000% | 326,732 | — | 11.7100 | 3.1600 |
|
MTN NIGERIA COMMUNICATIONS PLC
MTNN |
ICT | ₦807.0000 | +4.2600% | 7,321,852 | — | 11.5500 | 67.0300 |
|
JAIZ BANK PLC
JAIZBANK |
FINANCIAL SERVICES | ₦7.9000 | -0.6300% | 18,376,358 | — | 11.5100 | 0.6900 |
|
BETA GLASS PLC.
BETAGLAS |
INDUSTRIAL GOODS | ₦562.8000 | +0.0000% | 12,494 | — | 11.0000 | 51.1700 |
|
CWG PLC
CWG |
ICT | ₦21.4000 | +0.0000% | 442,570 | — | 10.6800 | 2.0000 |
|
UNIVERSITY PRESS PLC.
UPL |
SERVICES | ₦5.5000 | +0.0000% | 66,081 | — | 10.2900 | 0.5500 |
|
DN TYRE & RUBBER PLC
DUNLOP |
CONSUMER GOODS | ₦0.2000 | +0.0000% | 0 | 954,533,842 | 10.0000 | 0.0200 |
|
MCNICHOLS PLC
MCNICHOLS |
CONSUMER GOODS | ₦4.5000 | +0.0000% | 1,511,013 | — | 9.9200 | 0.4500 |
|
THE INITIATES PLC
TIP |
SERVICES | ₦25.1500 | -0.4000% | 9,204,483 | — | 8.6600 | 2.9200 |
|
UNITED CAPITAL PLC
UCAP |
FINANCIAL SERVICES | ₦17.9500 | +5.5900% | 12,694,094 | — | 8.2100 | 2.0700 |
|
CORNERSTONE INSURANCE PLC
CORNERST |
FINANCIAL SERVICES | ₦5.2500 | -1.8700% | 1,899,277 | — | 8.0900 | 0.6600 |
|
NPF MICROFINANCE BANK PLC
NPFMCRFBK |
FINANCIAL SERVICES | ₦4.2000 | +3.7000% | 1,183,965 | — | 8.0300 | 0.5000 |
|
ARADEL HOLDINGS PLC
ARADEL |
OIL AND GAS | ₦1415.0000 | +3.0600% | 2,379,885 | — | 7.8100 | 175.7200 |
|
UPDC REAL ESTATE INVESTMENT TRUST
UPDCREIT |
CONSTRUCTION/REAL ESTATE | ₦14.2000 | +0.0000% | 793,915 | — | 7.6800 | 1.8500 |
|
LEARN AFRICA PLC
LEARNAFRCA |
SERVICES | ₦8.7000 | +0.0000% | 93,542 | — | 7.6800 | 1.1300 |
|
VFD GROUP PLC
VFDGROUP |
INVESTMENT | ₦11.2500 | -0.4400% | 1,435,254 | — | 7.5800 | 1.4900 |
|
ETERNA PLC.
ETERNA |
OIL AND GAS | ₦35.8000 | +0.7000% | 3,251,244 | — | 7.5400 | 4.7100 |
|
LINKAGE ASSURANCE PLC
LINKASSURE |
FINANCIAL SERVICES | ₦1.8300 | +2.2300% | 6,432,186 | — | 7.4000 | 0.2400 |
|
C & I LEASING PLC.
CILEASING |
SERVICES | ₦5.4000 | +0.0000% | 504,604 | — | 6.8600 | 0.7900 |
|
AIICO INSURANCE PLC.
AIICO |
FINANCIAL SERVICES | ₦3.7600 | +1.6200% | 5,499,563 | 135,439,521,248 | 6.8200 | 0.5400 |
|
PZ CUSSONS NIGERIA PLC.
PZ |
CONSUMER GOODS | ₦81.0000 | +7.8600% | 3,652,214 | — | 6.3700 | 11.7900 |
|
STANBIC IBTC HOLDINGS PLC
STANBIC |
FINANCIAL SERVICES | ₦156.1000 | +0.0000% | 2,117,957 | — | 6.3500 | 24.5900 |
|
HONEYWELL FLOUR MILL PLC
HONYFLOUR |
CONSUMER GOODS | ₦17.0000 | +6.2500% | 3,065,829 | — | 6.1700 | 2.6300 |
|
CUSTODIAN INVESTMENT PLC
CUSTODIAN |
CONGLOMERATES | ₦73.4500 | +0.0000% | 214,328 | — | 6.0500 | 12.1400 |
|
VERITAS KAPITAL ASSURANCE PLC
VERITASKAP |
FINANCIAL SERVICES | ₦1.1500 | -0.8600% | 28,981,233 | — | 6.0400 | -0.1300 |
|
NEM INSURANCE PLC
NEM |
FINANCIAL SERVICES | ₦30.9500 | +0.0000% | 288,068 | — | 5.8700 | 5.2700 |
|
UNITED BANK FOR AFRICA PLC
UBA |
FINANCIAL SERVICES | ₦47.3500 | +3.1600% | 31,489,551 | — | 5.7600 | 7.9700 |
|
IKEJA HOTEL PLC
IKEJAHOTEL |
SERVICES | ₦42.5500 | +9.9500% | 1,743,641 | — | 5.7200 | 6.7700 |
|
GUARANTY TRUST HOLDING COMPANY PLC
GTCO |
FINANCIAL SERVICES | ₦133.0000 | +3.1000% | 33,178,433 | — | 5.4800 | 23.5500 |
|
CORONATION INSURANCE PLC
WAPIC |
FINANCIAL SERVICES | ₦2.1900 | +6.8300% | 17,011,112 | — | 5.4600 | 0.3800 |
|
STERLING FINANCIAL HOLDINGS COMPANY PLC
STERLINGNG |
FINANCIAL SERVICES | ₦7.8500 | +1.2900% | 4,199,216 | — | 5.4300 | 1.4300 |
|
FIDELITY BANK PLC
FIDELITYBK |
FINANCIAL SERVICES | ₦20.0000 | +4.1700% | 8,963,215 | — | 5.3700 | 3.5700 |
|
CHELLARAMS PLC.
CHELLARAM |
CONGLOMERATES | ₦9.7000 | +0.0000% | 37,853 | — | 5.2600 | 1.8500 |
|
MUTUAL BENEFITS ASSURANCE PLC.
MBENEFIT |
FINANCIAL SERVICES | ₦3.1500 | -1.2500% | 9,509,167 | — | 4.8300 | 0.6600 |
|
ZENITH BANK PLC
ZENITHBANK |
FINANCIAL SERVICES | ₦127.4000 | +5.2900% | 25,370,492 | — | 4.7700 | 25.3700 |
|
TRANSNATIONAL CORPORATION PLC
TRANSCORP |
CONGLOMERATES | ₦36.7500 | +2.0800% | 8,078,721 | — | 4.7400 | 7.5900 |
|
WEMA BANK PLC.
WEMABANK |
FINANCIAL SERVICES | ₦29.0000 | +1.0500% | 2,278,179 | — | 4.4100 | 6.5100 |
|
JOHN HOLT PLC.
JOHNHOLT |
CONGLOMERATES | ₦9.1000 | +0.0000% | 140,969 | — | 4.1500 | 2.1900 |
|
R T BRISCOE PLC.
RTBRISCOE |
SERVICES | ₦11.4000 | +0.0000% | 385,034 | — | 4.0800 | 2.7900 |
|
ECOBANK TRANSNATIONAL INCORPORATED
ETI |
FINANCIAL SERVICES | ₦74.0000 | +8.9800% | 1,204,231 | — | 2.9000 | 23.0900 |
|
FCMB GROUP PLC.
FCMB |
FINANCIAL SERVICES | ₦11.7000 | +5.8800% | 24,954,884 | — | 2.6100 | 4.2300 |
|
GREIF NIGERIA PLC
VANLEER |
INDUSTRIAL GOODS | ₦5.4500 | +0.0000% | 0 | 232,388,000 | 2.3600 | 2.3100 |
|
UNIVERSAL INSURANCE PLC
UNIVINSURE |
FINANCIAL SERVICES | ₦0.7700 | +0.0000% | 0 | 12,320,000,000 | 2.2300 | 0.3400 |
|
CONSOLIDATED HALLMARK HOLDINGS PLC
CONHALLPLC |
FINANCIAL SERVICES | ₦6.0100 | -4.6000% | 6,499,196 | — | 2.1000 | 3.0000 |
|
ACCESS HOLDINGS PLC
ACCESSCORP |
FINANCIAL SERVICES | ₦32.1000 | +8.8100% | 126,537,009 | — | 2.0900 | 14.0900 |
|
OANDO PLC
OANDO |
OIL AND GAS | ₦34.0000 | +2.7200% | 4,409,507 | — | 1.2600 | 26.3300 |
|
UH REAL ESTATE INVESTMENT TRUST
UHOMREIT |
CONSTRUCTION/REAL ESTATE | ₦70.0000 | +0.0000% | 38,256 | — | 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.