Most Undervalued Stocks

113 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 — 113 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%	45,498	—	0.7200	97.3700	7.2100%
ACCESS HOLDINGS PLC ACCESSCORP	FINANCIAL SERVICES	₦24.7500	-1.0000%	17,811,344	—	1.7700	14.0900	6.5500%
OANDO PLC OANDO	OIL AND GAS	₦38.0000	+2.6300%	4,772,912	—	1.9100	19.8700	—
GREIF NIGERIA PLC VANLEER	INDUSTRIAL GOODS	₦5.4500	+0.0000%	0	232,388,000	2.3600	2.3100	—
FCMB GROUP PLC. FCMB	FINANCIAL SERVICES	₦10.5000	-2.7800%	6,351,340	—	2.5000	4.3200	3.2400%
LINKAGE ASSURANCE PLC LINKASSURE	FINANCIAL SERVICES	₦1.5000	+1.3500%	3,938,444	27,535,200,000	3.1500	0.4700	—
ECOBANK TRANSNATIONAL INCORPORATED ETI	FINANCIAL SERVICES	₦85.7000	+0.0000%	739,986	—	3.6100	23.4200	2.5800%
WEMA BANK PLC. WEMABANK	FINANCIAL SERVICES	₦29.4000	+0.5100%	4,839,680	—	4.1000	7.1300	4.2700%
ZENITH BANK PLC ZENITHBANK	FINANCIAL SERVICES	₦109.0000	+0.3700%	30,042,445	—	4.2800	25.3700	9.2100%
MUTUAL BENEFITS ASSURANCE PLC. MBENEFIT	FINANCIAL SERVICES	₦3.6400	+6.4300%	3,391,823	—	4.3100	0.7900	1.1700%
R T BRISCOE PLC. RTBRISCOE	SERVICES	₦12.7500	-3.0400%	547,366	14,233,859,878	4.6500	2.8300	—
TRANSNATIONAL CORPORATION PLC TRANSCORP	CONGLOMERATES	₦43.0000	+6.1700%	2,888,045	—	4.6700	8.6800	4.9400%
STERLING FINANCIAL HOLDINGS COMPANY PLC STERLINGNG	FINANCIAL SERVICES	₦8.0000	+3.2300%	56,694,409	—	5.1000	1.5200	2.3200%
UNITED BANK FOR AFRICA PLC UBA	FINANCIAL SERVICES	₦41.0000	+0.2400%	13,078,666	—	5.1300	7.9700	0.6100%
GUARANTY TRUST HOLDING COMPANY PLC GTCO	FINANCIAL SERVICES	₦125.8000	+1.1300%	10,068,639	4,539,538,505,639	5.2800	23.5500	10.2700%
CUSTODIAN INVESTMENT PLC CUSTODIAN	CONGLOMERATES	₦69.0000	+4.7000%	783,641	387,614,850,451	5.4800	12.0300	3.4100%
VERITAS KAPITAL ASSURANCE PLC VERITASKAP	FINANCIAL SERVICES	₦1.4600	+0.6900%	10,580,648	—	5.5400	0.2600	—
FIDELITY BANK PLC FIDELITYBK	FINANCIAL SERVICES	₦20.9500	+5.2800%	27,255,775	—	5.5700	3.5700	6.4100%
THE INITIATES PLC TIP	SERVICES	₦29.8000	+1.0200%	4,204,374	—	6.2500	4.7200	0.3500%
UPDC REAL ESTATE INVESTMENT TRUST UPDCREIT	CONSTRUCTION/REAL ESTATE	₦10.6500	+0.0000%	861,008	—	6.3000	1.6900	5.1600%
JOHN HOLT PLC. JOHNHOLT	CONGLOMERATES	₦11.2000	+0.0000%	38,578	—	6.3500	1.7600	—
IKEJA HOTEL PLC IKEJAHOTEL	SERVICES	₦42.5000	+0.0000%	47,256	—	6.4700	6.5700	0.9200%
STANBIC IBTC HOLDINGS PLC STANBIC	FINANCIAL SERVICES	₦166.9000	+2.3900%	22,776,167	2,496,577,771,622	6.6300	24.5900	3.9900%
P Z CUSSONS NIGERIA PLC. PZ	CONSUMER GOODS	₦81.0000	+0.0000%	998,345	—	6.8700	11.7900	—
C & I LEASING PLC. CILEASING	SERVICES	₦5.8000	-3.3300%	2,010,566	—	7.1100	0.8400	1.6700%
CORONATION INSURANCE PLC WAPIC	FINANCIAL SERVICES	₦2.4200	+6.6100%	11,115,011	—	7.7000	0.2900	—
AIICO INSURANCE PLC. AIICO	FINANCIAL SERVICES	₦3.9600	+3.2800%	3,986,502	—	7.9700	0.5000	1.7700%
HONEYWELL FLOUR MILL PLC HONYFLOUR	CONSUMER GOODS	₦16.8500	+0.9000%	1,725,268	—	8.0300	2.0800	1.2000%
CORNERSTONE INSURANCE PLC CORNERST	FINANCIAL SERVICES	₦5.6000	+0.0000%	489,463	101,731,799,260	8.3500	0.6700	5.0000%
ARADEL HOLDINGS PLC ARADEL	OIL AND GAS	₦1526.8000	+0.0000%	1,797,857	—	8.4300	181.0800	2.1600%
CONSOLIDATED HALLMARK HOLDINGS PLC CONHALLPLC	FINANCIAL SERVICES	₦6.7200	-3.8600%	1,786,769	—	8.9700	0.7800	4.2900%
NEM INSURANCE PLC NEM	FINANCIAL SERVICES	₦28.0000	+0.0000%	497,718	—	9.3200	3.0000	5.3600%
CWG PLC CWG	ICT	₦19.0000	-2.5600%	1,021,027	—	9.8300	1.9800	3.5900%
UNITED CAPITAL PLC UCAP	FINANCIAL SERVICES	₦17.7500	-1.1300%	5,432,174	—	9.9900	1.7800	5.6300%
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	₦5.0000	+0.0000%	929,546	29,964,772,785	10.1100	0.4900	4.0000%
ETERNA PLC. ETERNA	OIL AND GAS	₦28.8000	+0.0000%	117,816	62,962,813,584	10.4000	2.7700	1.7400%
UNIVERSITY PRESS PLC. UPL	SERVICES	₦5.2500	+0.0000%	493,726	—	10.6000	0.5000	3.4300%
BETA GLASS PLC. BETAGLAS	INDUSTRIAL GOODS	₦562.8000	+0.0000%	27,879	337,661,089,920	10.8600	51.8300	1.2800%
LEARN AFRICA PLC LEARNAFRCA	SERVICES	₦9.9000	+0.0000%	73,941	7,637,355,000	11.4100	0.8700	3.5400%
MCNICHOLS PLC MCNICHOLS	CONSUMER GOODS	₦5.0000	+8.7000%	3,971,041	—	12.3200	0.3700	0.8700%
VFD GROUP PLC VFDGROUP	INVESTMENT	₦10.7000	+0.0000%	10,482,383	—	12.4700	0.8600	2.3400%
SFS REAL ESTATE INVESTMENT TRUST SFSREIT	CONSTRUCTION/REAL ESTATE	₦418.7500	+0.0000%	4,393	—	12.5600	33.3500	6.7600%
JAIZ BANK PLC JAIZBANK	FINANCIAL SERVICES	₦8.6000	-2.8200%	13,645,929	—	12.6700	0.7000	1.2400%
MTN NIGERIA COMMUNICATIONS PLC MTNN	ICT	₦820.0000	+0.0000%	1,135,757	—	12.8800	63.6500	3.6600%
FIRST HOLDCO PLC FIRSTHOLDCO	FINANCIAL SERVICES	₦79.3500	+9.9800%	78,657,490	—	13.1600	5.2200	1.3900%
NASCON ALLIED INDUSTRIES PLC NASCON	CONSUMER GOODS	₦180.0000	+0.0000%	478,341	—	13.5700	13.2600	3.3300%
MAY & BAKER NIGERIA PLC. MAYBAKER	HEALTHCARE	₦38.0000	+0.0000%	313,749	—	14.3600	2.6500	1.0500%
DANGOTE CEMENT PLC DANGCEM	INDUSTRIAL GOODS	₦1047.0000	+0.0000%	2,505,955	—	15.6900	66.7100	4.3000%
VITAFOAM NIG PLC. VITAFOAM	CONSUMER GOODS	₦194.8000	+0.0000%	113,725	—	16.6400	11.7100	1.2800%
LAFARGE AFRICA PLC. WAPCO	INDUSTRIAL GOODS	₦335.0000	+2.1300%	5,046,652	—	16.7400	20.0200	3.5800%
HBM NIGERIA PLC HBMNG	INDUSTRIAL GOODS	₦330.0000	-1.4900%	6,254,335	—	16.7400	20.0200	3.5800%
LIVINGTRUST MORTGAGE BANK PLC LIVINGTRUST	FINANCIAL SERVICES	₦3.3900	+0.0000%	20,769	16,950,000,000	16.7600	0.2000	2.3600%
JULIUS BERGER NIG. PLC. JBERGER	CONSTRUCTION/REAL ESTATE	₦310.8000	+0.0000%	6,386	—	17.3000	17.9700	1.3700%
MULTIVERSE MINING AND EXPLORATION PLC MULTIVERSE	NATURAL RESOURCES	₦25.5000	+0.0000%	3,619	—	17.6000	1.4500	0.3900%
AFRICA PRUDENTIAL PLC AFRIPRUD	FINANCIAL SERVICES	₦12.6500	+0.0000%	589,773	—	18.3800	0.6900	3.9500%
ASSOCIATED BUS COMPANY PLC ABCTRANS	SERVICES	₦7.8000	+0.0000%	71,495	18,662,449,837	19.3300	0.4000	0.7700%
PRESCO PLC PRESCO	AGRICULTURE	₦2300.0000	+0.0000%	15,093	—	19.5800	117.4500	1.2700%
CADBURY NIGERIA PLC. CADBURY	CONSUMER GOODS	₦57.0000	+0.0000%	243,378	—	19.5900	2.9100	3.2000%
NIGERIAN BREW. PLC. NB	CONSUMER GOODS	₦74.0000	+4.2300%	899,755	—	19.9400	3.5600	—
ACADEMY PRESS PLC. ACADEMY	SERVICES	₦6.4000	+0.0000%	661,525	—	20.1900	0.3200	1.5600%
INDUSTRIAL & MEDICAL GASES NIGERIA PLC IMG	NATURAL RESOURCES	₦34.1000	+0.0000%	14,311	—	20.7000	1.6500	1.4700%
CAP PLC CAP	INDUSTRIAL GOODS	₦157.6000	+0.0000%	199,757	—	20.7900	7.5800	2.5400%
TRANSCORP POWER PLC TRANSPOWER	UTILITIES	₦245.5000	+0.0000%	10,146	—	20.8100	11.8000	2.2400%
UNILEVER NIGERIA PLC. UNILEVER	CONSUMER GOODS	₦121.0000	-1.3500%	789,101	—	20.9700	5.8500	3.0600%
MEYER PLC. MEYER	INDUSTRIAL GOODS	₦18.5500	+0.0000%	11,423	—	20.9900	0.8800	2.4300%
NESTLE NIGERIA PLC. NESTLE	CONSUMER GOODS	₦3125.0000	+0.0000%	4,093	—	21.7700	143.5500	—
NIGERIAN AVIATION HANDLING COMPANY PLC NAHCO	SERVICES	₦172.1000	-2.7700%	492,065	—	22.2300	7.9600	3.0900%
FIDSON HEALTHCARE PLC FIDSON	HEALTHCARE	₦102.7500	+0.0000%	491,108	—	22.2900	4.6100	1.4600%
SUNU ASSURANCES NIGERIA PLC. SUNUASSUR	FINANCIAL SERVICES	₦4.0000	+0.0000%	1,336,263	—	22.4300	0.1800	2.5000%
OKOMU OIL PALM PLC. OKOMUOIL	AGRICULTURE	₦1418.0000	+0.0000%	54,495	1,352,644,380,000	22.6200	62.7000	3.8800%
BUA CEMENT PLC BUACEMENT	INDUSTRIAL GOODS	₦306.2000	+0.0000%	1,699,185	—	22.9800	13.3300	3.2700%
GUINNESS NIG PLC GUINNESS	CONSUMER GOODS	₦329.0000	+0.0000%	99,813	—	23.3900	14.0600	1.2200%
REGENCY ASSURANCE PLC REGALINS	FINANCIAL SERVICES	₦0.9500	-3.1600%	789,607	—	24.6100	0.0400	—
BERGER PAINTS PLC BERGER	INDUSTRIAL GOODS	₦147.6000	+0.0000%	3,324	—	24.9000	5.9300	1.1200%
AIRTEL AFRICA PLC AIRTELAFRI	ICT	₦5801.4000	+0.0000%	3,483	—	25.0300	257.6200	1.7100%
CONOIL PLC CONOIL	OIL AND GAS	₦210.0000	+0.0000%	66,493	—	25.1900	8.3400	0.9500%
SEPLAT ENERGY PLC SEPLAT	OIL AND GAS	₦11363.9000	+0.0000%	114,487	—	25.7800	403.6100	3.6500%
INTERNATIONAL ENERGY INSURANCE PLC INTENEGINS	FINANCIAL SERVICES	₦4.6600	+0.0000%	440,416	—	27.1100	0.1700	—
FTN COCOA PROCESSORS PLC FTNCOCOA	AGRICULTURE	₦8.1800	-0.3700%	1,814,985	—	27.2900	0.3000	—
SKYWAY AVIATION HANDLING COMPANY PLC SKYAVN	SERVICES	₦171.2000	+0.0000%	3,196	—	27.3100	6.2700	0.7000%
THOMAS WYATT NIG. PLC. THOMASWY	NATURAL RESOURCES	₦2.9400	+9.2900%	1,107,839	—	28.2000	0.1000	—
U A C N PLC. UACN	CONGLOMERATES	₦199.9500	+0.0000%	237,735	—	28.3700	7.0500	0.5000%
S C O A NIG. PLC. SCOA	CONGLOMERATES	₦33.0500	+0.0000%	6,411	—	30.4500	1.0900	—
INFINITY TRUST MORTGAGE BANK PLC INFINITY	FINANCIAL SERVICES	₦11.2500	+0.0000%	1,220	—	31.2200	0.3600	1.5600%
BUA FOODS PLC BUAFOODS	CONSUMER GOODS	₦939.0000	+0.0000%	41,780	—	31.5600	29.7500	2.9800%
NIGERIAN EXCHANGE GROUP NGXGROUP	FINANCIAL SERVICES	₦131.1000	-4.3800%	1,681,284	—	32.3500	4.2400	1.6400%
PRESTIGE ASSURANCE PLC PRESTIGE	FINANCIAL SERVICES	₦1.4500	+0.0000%	737,984	—	33.7200	0.0400	—
JAPAUL GOLD & VENTURES PLC JAPAULGOLD	OIL AND GAS	₦3.0000	+1.0100%	4,565,531	—	34.6300	0.0900	1.2300%
RED STAR EXPRESS PLC REDSTAREX	SERVICES	₦22.1000	+0.0000%	24,375	—	36.2300	0.6100	2.0400%
ABBEY MORTGAGE BANK PLC ABBEYBDS	FINANCIAL SERVICES	₦8.0500	-7.4700%	719,840	—	37.9800	0.2500	1.2600%
ABBEY BANK PLC ABBEYBANK	FINANCIAL SERVICES	₦9.7000	+2.1100%	1,725,029	—	37.9800	0.2500	1.2600%
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC NEIMETH	HEALTHCARE	₦9.0500	+0.0000%	918,462	—	39.2900	0.2300	—
ROYAL EXCHANGE PLC. ROYALEX	FINANCIAL SERVICES	₦1.5700	+0.0000%	758,856	—	40.4100	0.0400	—
MECURE INDUSTRIES PLC MECURE	HEALTHCARE	₦85.4500	+0.0000%	163,698	—	47.2400	1.8100	0.3700%
JULI PLC. JULI	SERVICES	₦7.2500	+0.0000%	400	—	47.7300	0.1500	—
CHELLARAMS PLC. CHELLARAM	CONGLOMERATES	₦13.2000	+0.0000%	8,549	—	47.7900	0.2800	—
INTERNATIONAL BREWERIES PLC. INTBREW	CONSUMER GOODS	₦13.0500	-6.1200%	3,359,235	—	56.8400	0.2400	—
E-TRANZACT INTERNATIONAL PLC ETRANZACT	ICT	₦14.5000	+0.0000%	144,559	133,399,997,332	56.8600	0.2600	0.8600%
CHAMS HOLDING COMPANY PLC CHAMS	ICT	₦4.3700	-0.9100%	9,421,036	—	61.1900	0.0700	0.6800%
UPDC PLC UPDC	CONSTRUCTION/REAL ESTATE	₦3.8500	-2.5300%	6,164,839	—	78.2200	0.0500	0.2500%
NCR (NIGERIA) PLC. NCR	ICT	₦161.2000	+0.0000%	2,404	—	89.8600	1.7900	—
CHAMPION BREW. PLC. CHAMPION	CONSUMER GOODS	₦12.0000	-0.4200%	11,602,075	—	92.4600	0.1300	0.5800%
SOVEREIGN TRUST INSURANCE PLC SOVRENINS	FINANCIAL SERVICES	₦2.0000	-7.0000%	1,331,839	—	93.1700	0.0200	2.5000%
GEREGU POWER PLC GEREGU	UTILITIES	₦825.7000	+0.0000%	3,678	—	109.0800	7.5700	1.0900%
TRANSCORP HOTELS PLC TRANSCOHOT	SERVICES	₦242.0000	+0.0000%	26,888	—	110.2400	2.2000	0.5400%
UNION DICON SALT PLC. UNIONDICON	CONSUMER GOODS	₦23.7500	+0.0000%	305	—	140.6700	0.1700	—
TANTALIZERS PLC TANTALIZER	SERVICES	₦4.3300	+3.1000%	3,934,977	—	237.6600	0.0200	—
TRIPPLE GEE AND COMPANY PLC. TRIPPLEG	INDUSTRIAL GOODS	₦3.8900	+8.9600%	738,265	—	277.9900	0.0100	—
EUNISELL INTERLINKED PLC EUNISELL	SERVICES	₦210.0000	+0.0000%	844	—	415.3500	0.5100	—
N NIG. FLOUR MILLS PLC. NNFM	CONSUMER GOODS	₦79.4000	+0.0000%	2,751	—	552.6100	0.1400	0.3100%
MORISON INDUSTRIES PLC. MORISON	HEALTHCARE	₦10.4000	+0.0000%	27,032	—	575.3800	0.0200	—
AXAMANSARD INSURANCE PLC MANSARD	FINANCIAL SERVICES	₦11.7000	-5.9800%	2,591,911	—	1070.7600	0.0100	3.8500%

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.