Most Undervalued Stocks

109 stocks matched · Updated daily after market close

This screen ranks profitable NGX stocks by their Price-to-Earnings (P/E) ratio from lowest to highest. A low P/E means you are paying relatively little for each Naira of earnings — the hallmark of a value stock. Only stocks with a positive EPS are included to exclude loss-making companies. Combine this screen with P/B ratio and dividend yield to build a comprehensive value portfolio on the Nigerian Exchange.

Most Undervalued Stocks — 109 Stocks

Sorted by signal strength

Company	Sector	Price (₦)	% Change	Volume	Mkt Cap	P/E	EPS (₦)	Div Yield
UH REAL ESTATE INVESTMENT TRUST UHOMREIT	CONSTRUCTION/REAL ESTATE	₦70.0000	+0.0000%	14,270	—	0.7200	97.3500	7.2100%
OANDO PLC OANDO	OIL AND GAS	₦34.9500	+1.1600%	2,044,514	—	1.3100	26.3300	—
ACCESS HOLDINGS PLC ACCESSCORP	FINANCIAL SERVICES	₦28.3000	-0.3500%	16,975,338	—	2.0200	14.0900	6.5500%
UNIVERSAL INSURANCE PLC UNIVINSURE	FINANCIAL SERVICES	₦0.7700	+0.0000%	0	—	2.2300	0.3400	—
CONSOLIDATED HALLMARK HOLDINGS PLC CONHALLPLC	FINANCIAL SERVICES	₦7.0500	+0.0000%	446,150	—	2.3500	3.0000	4.2600%
GREIF NIGERIA PLC VANLEER	INDUSTRIAL GOODS	₦5.4500	+0.0000%	0	232,388,000	2.3600	2.3100	—
FCMB GROUP PLC. FCMB	FINANCIAL SERVICES	₦11.0000	-1.3600%	4,014,924	—	2.6000	4.2300	3.1800%
ECOBANK TRANSNATIONAL INCORPORATED ETI	FINANCIAL SERVICES	₦71.4000	+1.2800%	5,149,894	—	3.0100	23.0900	3.0100%
R. T. BRISCOE (NIGERIA) PLC RTBRISCOE	SERVICES	₦9.2500	+0.0000%	207,632	—	3.3100	2.7900	—
JOHN HOLT PLC. JOHNHOLT	CONGLOMERATES	₦8.7500	+0.0000%	45,736	—	3.9900	2.1900	—
TRANSNATIONAL CORPORATION PLC TRANSCORP	CONGLOMERATES	₦36.0000	+0.0000%	292,803	—	4.7400	7.5900	5.5600%
WEMA BANK PLC. WEMABANK	FINANCIAL SERVICES	₦31.0000	-0.3200%	3,849,350	—	4.7600	6.5100	4.0300%
MUTUAL BENEFITS ASSURANCE PLC. MBENEFIT	FINANCIAL SERVICES	₦3.1100	-3.1200%	4,423,191	—	4.8600	0.6600	1.2500%
CHELLARAMS PLC. CHELLARAM	CONGLOMERATES	₦9.7000	+0.0000%	2,449	—	5.2600	1.8500	—
NEM INSURANCE PLC NEM	FINANCIAL SERVICES	₦28.2500	+0.0000%	269,778	—	5.3600	5.2700	5.3100%
STERLING FINANCIAL HOLDINGS COMPANY PLC STERLINGNG	FINANCIAL SERVICES	₦76.9500	+0.1300%	2,912,248	—	5.3800	14.2800	2.3200%
UNITED BANK FOR AFRICA PLC UBA	FINANCIAL SERVICES	₦43.1500	+0.3500%	36,369,840	—	5.3900	7.9700	0.5500%
GUARANTY TRUST HOLDING COMPANY PLC GTCO	FINANCIAL SERVICES	₦131.0000	+2.5800%	620,871	—	5.5500	23.0500	9.9700%
ZENITH BANK PLC ZENITHBANK	FINANCIAL SERVICES	₦128.1000	+0.3100%	625,669	—	5.5900	22.8400	7.8300%
FIDELITY BANK PLC FIDELITYBK	FINANCIAL SERVICES	₦20.0500	-0.2500%	136,172	—	5.6000	3.5700	6.4100%
CUSTODIAN INVESTMENT PLC CUSTODIAN	CONGLOMERATES	₦70.0000	+0.0000%	311,496	—	5.7700	12.1400	3.2100%
STANBIC IBTC HOLDINGS PLC STANBIC	FINANCIAL SERVICES	₦168.0000	+0.0000%	2,468,291	—	6.0400	27.8000	3.8700%
IKEJA HOTEL PLC IKEJAHOTEL	SERVICES	₦45.0000	+0.0000%	86,766	—	6.6500	6.7700	0.8700%
CORONATION INSURANCE PLC WAPIC	FINANCIAL SERVICES	₦2.4000	-4.0000%	960,409	—	6.6600	0.3800	—
HONEYWELL FLOUR MILL PLC HONYFLOUR	CONSUMER GOODS	₦17.6000	-0.2800%	1,495,271	—	6.7200	2.6300	1.1300%
LINKAGE ASSURANCE PLC LINKASSURE	FINANCIAL SERVICES	₦1.6300	+0.0000%	11,404,896	—	6.7400	0.2400	—
C & I LEASING PLC. CILEASING	SERVICES	₦5.4000	+0.0000%	253,398	—	6.8600	0.7900	1.8500%
AIICO INSURANCE PLC. AIICO	FINANCIAL SERVICES	₦4.0500	+2.2700%	2,149,309	—	7.3000	0.5400	1.7700%
CORNERSTONE INSURANCE PLC CORNERST	FINANCIAL SERVICES	₦4.9000	-1.0100%	343,138	—	7.4900	0.6600	5.6600%
PZ CUSSONS NIGERIA PLC. PZ	CONSUMER GOODS	₦64.5000	+0.0000%	641,995	—	7.5000	8.6000	3.8800%
ARADEL HOLDINGS PLC ARADEL	OIL AND GAS	₦1499.9000	+7.1400%	1,506,705	—	7.9700	175.7200	2.3600%
UNITED CAPITAL PLC UCAP	FINANCIAL SERVICES	₦16.7500	+0.3000%	3,674,467	—	8.0600	2.0700	5.9700%
LEARN AFRICA PLC LEARNAFRCA	SERVICES	₦9.1500	+0.0000%	32,723	—	8.0700	1.1300	3.8300%
UNIVERSITY PRESS PLC. UPL	SERVICES	₦5.0000	+6.3800%	318,385	—	8.4800	0.5500	3.6000%
ETERNA PLC. ETERNA	OIL AND GAS	₦40.0500	+0.0000%	696,112	—	8.4900	4.7100	1.2500%
THE INITIATES PLC TIP	SERVICES	₦25.9000	+0.0000%	1,645,717	—	8.8800	2.9200	1.5400%
VFD GROUP PLC VFDGROUP	INVESTMENT	₦13.0000	-2.2600%	14,256,529	—	8.9200	1.4900	1.8800%
CWG PLC CWG	ICT	₦20.0500	+9.8600%	1,742,913	—	9.1000	2.0000	3.8400%
NPF MICROFINANCE BANK PLC NPFMCRFBK	FINANCIAL SERVICES	₦4.6000	+0.0000%	235,164	—	9.1200	0.5000	4.3500%
BETA GLASS PLC. BETAGLAS	INDUSTRIAL GOODS	₦511.5000	+0.0000%	26,130	—	10.0000	51.1700	1.4100%
DN TYRE & RUBBER PLC DUNLOP	CONSUMER GOODS	₦0.2000	+0.0000%	0	954,533,842	10.0000	0.0200	—
MCNICHOLS CONSOLIDATED PLC MCNICHOLS	CONSUMER GOODS	₦5.2000	+4.0000%	3,616,697	—	11.0200	0.4500	0.8000%
JAIZ BANK PLC JAIZBANK	FINANCIAL SERVICES	₦7.9000	+3.2700%	7,128,346	—	11.0700	0.6900	1.4400%
MAY & BAKER NIGERIA PLC. MAYBAKER	HEALTHCARE	₦39.7500	+0.0000%	191,874	—	12.5800	3.1600	1.0100%
MTN NIGERIA COMMUNICATIONS PLC MTNN	ICT	₦820.0000	-2.8400%	1,208,028	—	12.5900	67.0300	3.0800%
SFS REAL ESTATE INVESTMENT TRUST SFSREIT	CONSTRUCTION/REAL ESTATE	₦418.7500	+0.0000%	22,404	—	12.6300	33.1500	6.7600%
UPDC REAL ESTATE INVESTMENT TRUST UPDCREIT	CONSTRUCTION/REAL ESTATE	₦23.5000	+0.0000%	2,549,539	—	12.7000	1.8500	2.3400%
NASCON ALLIED INDUSTRIES PLC NASCON	CONSUMER GOODS	₦171.0000	-9.4800%	694,382	—	13.6000	13.8900	3.1800%
INTERNATIONAL ENERGY INSURANCE PLC INTENEGINS	FINANCIAL SERVICES	₦2.0900	-1.4400%	10,055,503	—	13.8000	0.1500	18.4600%
CHEMICAL AND ALLIED PRODUCTS PLC CAP	INDUSTRIAL GOODS	₦108.5000	+0.0000%	60,009	—	14.3900	7.5400	3.6900%
AFRICA PRUDENTIAL PLC AFRIPRUD	FINANCIAL SERVICES	₦11.0000	+0.0000%	311,872	—	14.5900	0.7400	4.6300%
ABC TRANSPORT PLC ABCTRANS	SERVICES	₦6.0500	+0.0000%	171,881	—	15.4500	0.3900	0.9900%
FIRST HOLDCO PLC FIRSTHOLDCO	FINANCIAL SERVICES	₦138.0000	+0.8400%	10,850,935	—	15.4500	8.5400	0.7700%
TRANSCORP POWER PLC TRANSPOWER	UTILITIES	₦178.0000	+0.0000%	60,403	—	15.5500	11.4500	3.0900%
MEYER PLC. MEYER	INDUSTRIAL GOODS	₦15.9500	+0.0000%	40,954	—	15.7000	1.0200	2.8200%
DANGOTE CEMENT PLC DANGCEM	INDUSTRIAL GOODS	₦1066.7000	+0.0000%	121,769	—	15.8400	67.3500	4.2200%
NIGERIAN AVIATION HANDLING COMPANY PLC NAHCO	SERVICES	₦140.0000	+0.0000%	857,308	—	15.9900	8.7600	3.9100%
PRESTIGE ASSURANCE PLC PRESTIGE	FINANCIAL SERVICES	₦1.4000	+0.0000%	342,074	—	16.2600	0.0900	—
HBM NIGERIA PLC HBMNG	INDUSTRIAL GOODS	₦355.0000	+0.0000%	679,977	—	16.3900	21.6500	3.3800%
LAFARGE AFRICA PLC. WAPCO	INDUSTRIAL GOODS	₦335.0000	+2.1300%	5,046,652	—	16.3900	21.6500	3.3800%
THOMAS WYATT NIGERIA PLC. THOMASWY	NATURAL RESOURCES	₦2.2000	-6.3800%	885,942	—	16.4100	0.1400	—
VITAFOAM NIGERIA PLC VITAFOAM	CONSUMER GOODS	₦194.0000	+0.0000%	181,140	—	16.7900	11.5500	1.2900%
JULIUS BERGER NIGERIA PLC JBERGER	CONSTRUCTION/REAL ESTATE	₦310.8000	+0.0000%	855	—	17.2600	18.0100	1.3700%
MULTIVERSE MINING AND EXPLORATION PLC MULTIVERSE	NATURAL RESOURCES	₦19.2000	+0.0000%	25,328	—	17.3400	1.1100	0.5200%
UNILEVER NIGERIA PLC. UNILEVER	CONSUMER GOODS	₦102.5000	+0.0000%	1,853,296	—	17.6400	5.8100	3.6600%
AIRTEL AFRICA PLC AIRTELAFRI	ICT	₦6300.0000	+0.0000%	1,045	—	17.9900	269.8800	1.5700%
NESTLE NIGERIA PLC. NESTLE	CONSUMER GOODS	₦2750.0000	+0.0000%	7,821	—	18.2900	150.3400	—
INDUSTRIAL & MEDICAL GASES NIGERIA PLC IMG	NATURAL RESOURCES	₦28.0000	+0.0000%	3,827	—	18.5700	1.5100	1.7900%
PRESCO PLC PRESCO	AGRICULTURE	₦2045.3000	+0.0000%	10,773	—	19.3900	105.5000	0.9800%
REGENCY ALLIANCE INSURANCE PLC REGALINS	FINANCIAL SERVICES	₦0.7800	+0.0000%	961,543	—	19.6400	0.0400	—
FIDSON HEALTHCARE PLC FIDSON	HEALTHCARE	₦83.0000	+0.0000%	420,429	—	19.7600	4.2000	1.8100%
CADBURY NIGERIA PLC. CADBURY	CONSUMER GOODS	₦60.0000	+0.0000%	504,293	—	19.8000	3.0300	3.2000%
BUA CEMENT PLC BUACEMENT	INDUSTRIAL GOODS	₦297.0000	+0.0000%	713,390	—	20.1100	14.7700	3.3700%
SEPLAT ENERGY PLC SEPLAT	OIL AND GAS	₦16000.1000	+0.0000%	20,714	—	21.3700	682.2600	3.1700%
FTN COCOA PROCESSORS PLC FTNCOCOA	AGRICULTURE	₦7.6100	-3.5500%	1,557,162	—	21.4000	0.3700	0.4400%
RED STAR EXPRESS PLC REDSTAREX	SERVICES	₦13.4000	+0.0000%	289,925	—	21.4300	0.6300	3.3600%
NIGERIAN BREWERIES PLC NB	CONSUMER GOODS	₦75.0000	+0.1300%	2,034,270	—	22.4600	3.3400	—
CONOIL PLC CONOIL	OIL AND GAS	₦210.0000	+0.0000%	20,964	—	22.6500	9.2700	0.9500%
UAC OF NIGERIA PLC UACN	CONGLOMERATES	₦184.0000	+0.0000%	216,418	—	23.5300	7.8200	0.5400%
JAPAUL GOLD & VENTURES PLC JAPAULGOLD	OIL AND GAS	₦2.5800	-3.7300%	3,592,786	—	23.9200	0.1100	1.2300%
THE OKOMU OIL PALM COMPANY PLC OKOMUOIL	AGRICULTURE	₦1276.2000	+0.0000%	22,632	—	24.2800	52.5700	4.3100%
BERGER PAINTS PLC BERGER	INDUSTRIAL GOODS	₦147.6000	+0.0000%	2,462	—	24.6900	5.9800	1.1200%
BUA FOODS PLC BUAFOODS	CONSUMER GOODS	₦760.6000	+0.0000%	43,262	—	24.8700	30.5900	3.6800%
GUINNESS NIGERIA PLC GUINNESS	CONSUMER GOODS	₦423.0000	+0.0000%	106,628	—	25.5700	16.5400	0.9500%
ABBEY MORTGAGE BANK PLC ABBEYBDS	FINANCIAL SERVICES	₦8.0500	-7.4700%	719,840	—	26.6700	0.2600	1.7100%
ABBEY BANK PLC ABBEYBANK	FINANCIAL SERVICES	₦6.6500	-5.0000%	1,003,905	—	26.6700	0.2600	1.7100%
AXAMANSARD INSURANCE PLC MANSARD	FINANCIAL SERVICES	₦11.0000	+0.0000%	199,463	—	27.5000	0.4000	4.0900%
NIGERIAN EXCHANGE GROUP PLC NGXGROUP	FINANCIAL SERVICES	₦169.0000	+0.0000%	855,916	—	29.8900	5.6500	1.3300%
INFINITY TRUST MORTGAGE BANK PLC INFINITY	FINANCIAL SERVICES	₦11.2500	+0.0000%	12,784	—	30.7400	0.3700	1.5600%
MECURE INDUSTRIES PLC MECURE	HEALTHCARE	₦56.2000	+0.0000%	26,000	—	31.1700	1.8000	0.5700%
INTERNATIONAL BREWERIES PLC. INTBREW	CONSUMER GOODS	₦9.9500	+4.7400%	921,708	—	33.3500	0.2800	5.0300%
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC NEIMETH	HEALTHCARE	₦7.8000	-1.2700%	1,124,590	—	34.4400	0.2300	—
AFRICAN ALLIANCE INSURANCE PLC AFRINSURE	FINANCIAL SERVICES	₦0.2000	+0.0000%	0	—	35.6100	0.0100	—
SKYWAY AVIATION HANDLING COMPANY PLC SKYAVN	SERVICES	₦171.2000	+0.0000%	636	—	42.5000	4.0300	0.7000%
JULI PLC. JULI	SERVICES	₦6.5500	+0.0000%	460	—	45.6500	0.1400	—
SUNU ASSURANCES NIGERIA PLC. SUNUASSUR	FINANCIAL SERVICES	₦2.9300	+0.0000%	54,553	—	48.6800	0.0600	3.4100%
NCR (NIGERIA) PLC. NCR	ICT	₦161.2000	+0.0000%	909	—	55.9300	2.8800	0.0300%
SCOA NIGERIA PLC SCOA	CONGLOMERATES	₦33.0500	+0.0000%	8,922	—	56.7900	0.5800	0.2300%
CHAMS HOLDING COMPANY PLC CHAMS	ICT	₦3.5000	+1.4300%	7,730,864	—	63.1700	0.0600	0.8600%
E-TRANZACT INTERNATIONAL PLC ETRANZACT	ICT	₦17.3000	+9.8400%	4,853,430	—	66.4600	0.2400	0.7900%
DAAR COMMUNICATIONS PLC DAARCOMM	SERVICES	₦1.4700	-6.3700%	1,988,461	—	66.9600	0.0200	—
CHAMPION BREWERIES PLC CHAMPION	CONSUMER GOODS	₦10.0000	+0.0000%	1,128,185	—	76.7500	0.1300	0.7000%
GUINEA INSURANCE PLC. GUINEAINS	FINANCIAL SERVICES	₦0.9700	-3.0000%	2,074,470	—	100.6700	0.0100	—
UNION DICON SALT PLC. UNIONDICON	CONSUMER GOODS	₦23.7500	+0.0000%	10,515	—	118.7000	0.2000	—
TRANSCORP HOTELS PLC TRANSCOHOT	SERVICES	₦290.5000	+0.0000%	28,546	—	125.4000	2.3200	0.4500%
EUNISELL INTERLINKED PLC EUNISELL	SERVICES	₦189.0000	+0.0000%	7,665	—	179.3400	1.0500	—
TANTALIZERS PLC TANTALIZER	SERVICES	₦3.9000	-2.0100%	1,773,799	—	196.0500	0.0200	—
GEREGU POWER PLC GEREGU	UTILITIES	₦825.7000	+0.0000%	1,203	—	217.8500	3.7900	1.0900%
DANGOTE SUGAR REFINERY PLC DANGSUGAR	CONSUMER GOODS	₦67.1500	-1.2500%	1,868,530	—	481.5100	0.1400	—

Frequently Asked Questions

What is a low P/E ratio on the NGX?

NGX stocks trade at a wide range of P/E ratios. A P/E below 5 is generally considered very low and potentially undervalued on the Nigerian market. However, context matters: cyclical industries like oil & gas naturally trade at lower P/Es than growth sectors like ICT.

Is a low P/E always a sign of undervaluation?

Not always. A low P/E can reflect poor growth prospects, declining earnings, or structural problems in the business. The best undervalued stocks combine a low P/E with positive EPS growth, a healthy balance sheet, and a dividend yield above the risk-free rate.

More Valuation Based Signals

Most Overvalued Stocks

Highest P/E ratio on the NGX — stocks priced for perfection.

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.