Most Undervalued Stocks

108 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 — 108 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%	38,256	—	0.7200	97.3500	7.2100%
OANDO PLC OANDO	OIL AND GAS	₦34.0000	+2.7200%	4,409,507	—	1.2600	26.3300	—
ACCESS HOLDINGS PLC ACCESSCORP	FINANCIAL SERVICES	₦32.1000	+8.8100%	126,537,009	—	2.0900	14.0900	6.5500%
CONSOLIDATED HALLMARK HOLDINGS PLC CONHALLPLC	FINANCIAL SERVICES	₦6.0100	-4.6000%	6,499,196	—	2.1000	3.0000	4.4400%
UNIVERSAL INSURANCE PLC UNIVINSURE	FINANCIAL SERVICES	₦0.7700	+0.0000%	0	12,320,000,000	2.2300	0.3400	—
GREIF NIGERIA PLC VANLEER	INDUSTRIAL GOODS	₦5.4500	+0.0000%	0	232,388,000	2.3600	2.3100	—
FCMB GROUP PLC. FCMB	FINANCIAL SERVICES	₦11.7000	+5.8800%	24,954,884	—	2.6100	4.2300	2.9700%
ECOBANK TRANSNATIONAL INCORPORATED ETI	FINANCIAL SERVICES	₦74.0000	+8.9800%	1,204,231	—	2.9000	23.0900	3.0900%
R T BRISCOE PLC. RTBRISCOE	SERVICES	₦11.4000	+0.0000%	385,034	—	4.0800	2.7900	—
JOHN HOLT PLC. JOHNHOLT	CONGLOMERATES	₦9.1000	+0.0000%	140,969	—	4.1500	2.1900	—
WEMA BANK PLC. WEMABANK	FINANCIAL SERVICES	₦29.0000	+1.0500%	2,278,179	—	4.4100	6.5100	4.2800%
TRANSNATIONAL CORPORATION PLC TRANSCORP	CONGLOMERATES	₦36.7500	+2.0800%	8,078,721	—	4.7400	7.5900	5.4100%
ZENITH BANK PLC ZENITHBANK	FINANCIAL SERVICES	₦127.4000	+5.2900%	25,370,492	—	4.7700	25.3700	8.2000%
MUTUAL BENEFITS ASSURANCE PLC. MBENEFIT	FINANCIAL SERVICES	₦3.1500	-1.2500%	9,509,167	—	4.8300	0.6600	1.2500%
CHELLARAMS PLC. CHELLARAM	CONGLOMERATES	₦9.7000	+0.0000%	37,853	—	5.2600	1.8500	—
FIDELITY BANK PLC FIDELITYBK	FINANCIAL SERVICES	₦20.0000	+4.1700%	8,963,215	—	5.3700	3.5700	6.4100%
STERLING FINANCIAL HOLDINGS COMPANY PLC STERLINGNG	FINANCIAL SERVICES	₦7.8500	+1.2900%	4,199,216	—	5.4300	1.4300	2.3200%
CORONATION INSURANCE PLC WAPIC	FINANCIAL SERVICES	₦2.1900	+6.8300%	17,011,112	—	5.4600	0.3800	—
GUARANTY TRUST HOLDING COMPANY PLC GTCO	FINANCIAL SERVICES	₦133.0000	+3.1000%	33,178,433	—	5.4800	23.5500	10.0000%
IKEJA HOTEL PLC IKEJAHOTEL	SERVICES	₦42.5500	+9.9500%	1,743,641	—	5.7200	6.7700	0.9100%
UNITED BANK FOR AFRICA PLC UBA	FINANCIAL SERVICES	₦47.3500	+3.1600%	31,489,551	—	5.7600	7.9700	0.5400%
NEM INSURANCE PLC NEM	FINANCIAL SERVICES	₦30.9500	+0.0000%	288,068	—	5.8700	5.2700	5.0000%
CUSTODIAN INVESTMENT PLC CUSTODIAN	CONGLOMERATES	₦73.4500	+0.0000%	214,328	—	6.0500	12.1400	3.1300%
HONEYWELL FLOUR MILL PLC HONYFLOUR	CONSUMER GOODS	₦17.0000	+6.2500%	3,065,829	—	6.1700	2.6300	1.1700%
STANBIC IBTC HOLDINGS PLC STANBIC	FINANCIAL SERVICES	₦156.1000	+0.0000%	2,117,957	—	6.3500	24.5900	4.1600%
PZ CUSSONS NIGERIA PLC. PZ	CONSUMER GOODS	₦81.0000	+7.8600%	3,652,214	—	6.3700	11.7900	3.3300%
AIICO INSURANCE PLC. AIICO	FINANCIAL SERVICES	₦3.7600	+1.6200%	5,499,563	135,439,521,248	6.8200	0.5400	1.7500%
C & I LEASING PLC. CILEASING	SERVICES	₦5.4000	+0.0000%	504,604	—	6.8600	0.7900	1.7900%
LINKAGE ASSURANCE PLC LINKASSURE	FINANCIAL SERVICES	₦1.8300	+2.2300%	6,432,186	—	7.4000	0.2400	—
ETERNA PLC. ETERNA	OIL AND GAS	₦35.8000	+0.7000%	3,251,244	—	7.5400	4.7100	1.3900%
VFD GROUP PLC VFDGROUP	INVESTMENT	₦11.2500	-0.4400%	1,435,254	—	7.5800	1.4900	2.0300%
UPDC REAL ESTATE INVESTMENT TRUST UPDCREIT	CONSTRUCTION/REAL ESTATE	₦14.2000	+0.0000%	793,915	—	7.6800	1.8500	4.0000%
LEARN AFRICA PLC LEARNAFRCA	SERVICES	₦8.7000	+0.0000%	93,542	—	7.6800	1.1300	3.6300%
ARADEL HOLDINGS PLC ARADEL	OIL AND GAS	₦1415.0000	+3.0600%	2,379,885	—	7.8100	175.7200	2.4000%
NPF MICROFINANCE BANK PLC NPFMCRFBK	FINANCIAL SERVICES	₦4.2000	+3.7000%	1,183,965	—	8.0300	0.5000	4.9400%
CORNERSTONE INSURANCE PLC CORNERST	FINANCIAL SERVICES	₦5.2500	-1.8700%	1,899,277	—	8.0900	0.6600	5.6000%
UNITED CAPITAL PLC UCAP	FINANCIAL SERVICES	₦17.9500	+5.5900%	12,694,094	—	8.2100	2.0700	5.8100%
THE INITIATES PLC TIP	SERVICES	₦25.1500	-0.4000%	9,204,483	—	8.6600	2.9200	1.5000%
MCNICHOLS PLC MCNICHOLS	CONSUMER GOODS	₦4.5000	+0.0000%	1,511,013	—	9.9200	0.4500	0.8300%
DN TYRE & RUBBER PLC DUNLOP	CONSUMER GOODS	₦0.2000	+0.0000%	0	954,533,842	10.0000	0.0200	—
UNIVERSITY PRESS PLC. UPL	SERVICES	₦5.5000	+0.0000%	66,081	—	10.2900	0.5500	3.7500%
CWG PLC CWG	ICT	₦21.4000	+0.0000%	442,570	—	10.6800	2.0000	3.2700%
BETA GLASS PLC. BETAGLAS	INDUSTRIAL GOODS	₦562.8000	+0.0000%	12,494	—	11.0000	51.1700	1.2800%
JAIZ BANK PLC JAIZBANK	FINANCIAL SERVICES	₦7.9000	-0.6300%	18,376,358	—	11.5100	0.6900	1.2900%
MTN NIGERIA COMMUNICATIONS PLC MTNN	ICT	₦807.0000	+4.2600%	7,321,852	—	11.5500	67.0300	3.2300%
MAY & BAKER NIGERIA PLC. MAYBAKER	HEALTHCARE	₦37.0000	+0.0000%	326,732	—	11.7100	3.1600	1.0800%
SFS REAL ESTATE INVESTMENT TRUST SFSREIT	CONSTRUCTION/REAL ESTATE	₦418.7500	+0.0000%	635	—	12.6300	33.1500	6.7600%
ASSOCIATED BUS COMPANY PLC ABCTRANS	SERVICES	₦5.2500	+0.0000%	782,327	—	13.4000	0.3900	1.1500%
NASCON ALLIED INDUSTRIES PLC NASCON	CONSUMER GOODS	₦195.0000	+0.0000%	248,203	—	14.0400	13.8900	3.0800%
CAP PLC CAP	INDUSTRIAL GOODS	₦115.4500	+0.0000%	154,101	—	15.3100	7.5400	3.4600%
DANGOTE CEMENT PLC DANGCEM	INDUSTRIAL GOODS	₦1034.0000	+0.0000%	878,097	—	15.3500	67.3500	4.3500%
LAFARGE AFRICA PLC. WAPCO	INDUSTRIAL GOODS	₦335.0000	+2.1300%	5,046,652	—	15.4200	21.6500	3.5900%
HBM NIGERIA PLC HBMNG	INDUSTRIAL GOODS	₦335.0000	+0.3000%	6,252,038	—	15.4200	21.6500	3.5900%
MEYER PLC. MEYER	INDUSTRIAL GOODS	₦15.9500	+0.0000%	4,828	—	15.7000	1.0200	2.9900%
AFRICA PRUDENTIAL PLC AFRIPRUD	FINANCIAL SERVICES	₦11.1000	+0.0000%	966,081	—	16.1200	0.6900	4.2700%
PRESTIGE ASSURANCE PLC PRESTIGE	FINANCIAL SERVICES	₦1.4000	-2.1400%	2,708,324	—	16.2600	0.0900	—
FIRST HOLDCO PLC FIRSTHOLDCO	FINANCIAL SERVICES	₦145.0000	-0.0300%	14,467,751	—	16.3700	8.5400	0.7700%
VITAFOAM NIG PLC. VITAFOAM	CONSUMER GOODS	₦194.0000	+0.0000%	885,025	—	16.7900	11.5500	1.2900%
NIGERIAN AVIATION HANDLING COMPANY PLC NAHCO	SERVICES	₦150.2000	+0.0000%	598,787	—	17.1500	8.7600	3.6400%
JULIUS BERGER NIG. PLC. JBERGER	CONSTRUCTION/REAL ESTATE	₦310.8000	+0.0000%	9,725	—	17.2600	18.0100	1.3700%
SEPLAT ENERGY PLC SEPLAT	OIL AND GAS	₦12320.6000	+0.0000%	223,972	—	17.5500	682.2600	4.1200%
FIDSON HEALTHCARE PLC FIDSON	HEALTHCARE	₦79.0000	+2.6000%	1,315,192	—	18.3300	4.2000	1.6000%
INTERNATIONAL ENERGY INSURANCE PLC INTENEGINS	FINANCIAL SERVICES	₦2.8200	-0.7000%	16,766,801	—	18.7600	0.1500	8.9700%
NESTLE NIGERIA PLC. NESTLE	CONSUMER GOODS	₦2830.0000	+0.0000%	80,215	—	18.8200	150.3400	—
TRANSCORP POWER PLC TRANSPOWER	UTILITIES	₦219.6000	+0.0000%	13,532	—	19.1800	11.4500	2.5000%
THOMAS WYATT NIG. PLC. THOMASWY	NATURAL RESOURCES	₦2.7500	+0.0000%	82,676	—	19.2000	0.1400	—
MULTIVERSE MINING AND EXPLORATION PLC MULTIVERSE	NATURAL RESOURCES	₦21.3000	+0.0000%	25,196	—	19.2300	1.1100	0.4700%
PRESCO PLC PRESCO	AGRICULTURE	₦2045.3000	+0.0000%	16,200	—	19.3900	105.5000	0.9800%
UNILEVER NIGERIA PLC. UNILEVER	CONSUMER GOODS	₦114.0000	+0.0000%	256,062	—	19.6200	5.8100	3.2900%
REGENCY ASSURANCE PLC REGALINS	FINANCIAL SERVICES	₦0.8600	+7.5000%	850,917	—	20.1400	0.0400	—
NIGERIAN BREW. PLC. NB	CONSUMER GOODS	₦75.0000	+8.0700%	31,245,501	—	20.7800	3.3400	—
BUA CEMENT PLC BUACEMENT	INDUSTRIAL GOODS	₦309.0000	-2.2200%	2,897,695	—	21.4000	14.7700	3.1600%
CADBURY NIGERIA PLC. CADBURY	CONSUMER GOODS	₦64.9000	+0.0000%	866,000	—	21.4200	3.0300	3.2000%
FTN COCOA PROCESSORS PLC FTNCOCOA	AGRICULTURE	₦7.5000	-6.2500%	1,420,322	—	21.7000	0.3700	0.4000%
NIGERIAN EXCHANGE GROUP NGXGROUP	FINANCIAL SERVICES	₦133.4000	+6.7200%	4,505,737	—	22.1100	5.6500	1.8000%
AIRTEL AFRICA PLC AIRTELAFRI	ICT	₦6300.0000	+0.0000%	2,351	—	22.3400	269.8800	1.5700%
INDUSTRIAL & MEDICAL GASES NIGERIA PLC IMG	NATURAL RESOURCES	₦34.1000	+0.0000%	9,973	—	22.6100	1.5100	1.4700%
CONOIL PLC CONOIL	OIL AND GAS	₦210.0000	+0.0000%	55,447	—	22.6500	9.2700	0.9500%
UAC OF NIGERIA PLC UACN	CONGLOMERATES	₦177.8500	+0.0000%	262,565	—	22.7400	7.8200	0.5600%
GUINNESS NIGERIA PLC GUINNESS	CONSUMER GOODS	₦384.8000	+0.0000%	607,248	—	23.2600	16.5400	1.0600%
BERGER PAINTS PLC BERGER	INDUSTRIAL GOODS	₦147.6000	+0.0000%	2,956	—	24.6900	5.9800	1.1200%
BUA FOODS PLC BUAFOODS	CONSUMER GOODS	₦760.6000	+0.0000%	100,277	—	24.8700	30.5900	3.6800%
JAPAUL GOLD & VENTURES PLC JAPAULGOLD	OIL AND GAS	₦2.7500	-3.8500%	14,865,373	—	25.5300	0.1100	1.2300%
RED STAR EXPRESS PLC REDSTAREX	SERVICES	₦16.1500	+0.0000%	598,981	—	25.8300	0.6300	2.7800%
OKOMU OIL PALM PLC. OKOMUOIL	AGRICULTURE	₦1418.0000	+0.0000%	23,759	—	26.9700	52.5700	3.8800%
AXAMANSARD INSURANCE PLC MANSARD	FINANCIAL SERVICES	₦12.0000	+0.0000%	561,902	—	30.0000	0.4000	3.7800%
INFINITY TRUST MORTGAGE BANK PLC INFINITY	FINANCIAL SERVICES	₦11.2500	+0.0000%	13,638	—	30.7400	0.3700	1.5600%
MECURE INDUSTRIES PLC MECURE	HEALTHCARE	₦56.2000	+0.0000%	295,120	—	31.1700	1.8000	0.5700%
ABBEY MORTGAGE BANK PLC ABBEYBDS	FINANCIAL SERVICES	₦8.0500	-7.4700%	719,840	—	32.3900	0.2600	1.4900%
ABBEY BANK PLC ABBEYBANK	FINANCIAL SERVICES	₦7.7000	-9.4100%	607,681	—	32.3900	0.2600	1.4900%
INTERNATIONAL BREWERIES PLC. INTBREW	CONSUMER GOODS	₦9.8000	+5.9500%	1,891,891	—	32.4700	0.2800	—
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC NEIMETH	HEALTHCARE	₦7.9000	+1.2800%	820,388	—	34.0100	0.2300	—
SKYWAY AVIATION HANDLING COMPANY PLC SKYAVN	SERVICES	₦171.2000	+0.0000%	1,518	—	42.5000	4.0300	0.7000%
SUNU ASSURANCES NIGERIA PLC. SUNUASSUR	FINANCIAL SERVICES	₦3.1200	+9.8600%	482,585	—	47.1800	0.0600	3.2300%
JULI PLC. JULI	SERVICES	₦7.2500	+0.0000%	1,005	—	50.5300	0.1400	—
E-TRANZACT INTERNATIONAL PLC ETRANZACT	ICT	₦13.2500	+0.0000%	200,813	—	55.9100	0.2400	0.8600%
NCR (NIGERIA) PLC. NCR	ICT	₦161.2000	+0.0000%	522	—	55.9300	2.8800	—
S C O A NIG. PLC. SCOA	CONGLOMERATES	₦33.0500	+0.0000%	16,005	—	56.7900	0.5800	—
DAAR COMMUNICATIONS PLC DAARCOMM	SERVICES	₦1.5100	+0.0000%	1,305,768	—	64.4000	0.0200	—
CHAMS HOLDING COMPANY PLC CHAMS	ICT	₦3.9900	+0.2500%	9,637,604	—	71.8300	0.0600	0.7100%
CHAMPION BREW. PLC. CHAMPION	CONSUMER GOODS	₦10.5000	+5.5300%	2,791,003	—	76.3600	0.1300	0.7000%
GUINEA INSURANCE PLC. GUINEAINS	FINANCIAL SERVICES	₦0.7500	-2.6000%	3,421,832	—	77.5200	0.0100	—
TRANSCORP HOTELS PLC TRANSCOHOT	SERVICES	₦265.5000	+0.0000%	13,317	—	114.6000	2.3200	0.5400%
UNION DICON SALT PLC. UNIONDICON	CONSUMER GOODS	₦23.7500	+0.0000%	8,623	—	118.7000	0.2000	—
EUNISELL INTERLINKED PLC EUNISELL	SERVICES	₦189.0000	+0.0000%	1,755	—	126.4100	1.5000	—
TANTALIZERS PLC TANTALIZER	SERVICES	₦3.8200	-4.9800%	7,909,175	—	198.0200	0.0200	—
GEREGU POWER PLC GEREGU	UTILITIES	₦825.7000	+0.0000%	1,896	—	217.8500	3.7900	1.0900%
DANGOTE SUGAR REFINERY PLC DANGSUGAR	CONSUMER GOODS	₦70.0000	+1.4500%	5,374,771	—	488.5900	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.