FBN Holdings Plc

Nigeria Country flag Nigeria
Sector: Banks
Ticker: FBNH
ISIN: NGFBNH000009
Factsheet Factsheet

Market multiple valuation of FBN Holdings Plc ( FBNH | NGA)

The most common multiple used in the valuation of stocks is the P/Earnings NTM multiple (Price to Earnings). P/E relates the current share price with the market expectations in terms of Earnings Per Share. This multiple is used to compare a company's market value with its earnings. A company with a high P/Earnings NTM is considered to be overvalued; a company with a low P/Earnings NTM is considered to be undervalued.
The P/Earnings NTM ratio of FBN Holdings Plc is significantly lower than the median of its peer group: around 10.00. The company valuation of FBN Holdings Plc according to these metrics is way below the market valuation of its peer group.
The P/Earnings NTM ratio of FBN Holdings Plc is significantly lower than the average of its sector (Banks): 9.35. The company valuation of FBN Holdings Plc according to these metrics is way below the market valuation of its sector.
The P/Earnings NTM ratio of FBN Holdings Plc is significantly higher than its historical 5-year average: 0.1. The (current) company valuation of FBN Holdings Plc is therefore way above its valuation average over the last five years.

Valuation
P/BookP/Earnings (e) 2025P/Earnings NTM
FBN Holdings PlcFree trialFree trialFree trial
International PeersFree trialFree trialFree trial
Banks0.969.779.35
N/AN/AN/AN/A
Nigeria2.125.423.59
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Beta (Ref: N/A)
Levered betaUnlevered beta
1-YearN/AN/A
2-YearN/AN/A
3-YearN/AN/A
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Stock Perf excl. Dividends (in NGN)
FBNHN/ARel. Perf.
Year-to-Date-11.8%N/AN/A
1-Week0.8%N/AN/A
1-Month-5.0%N/AN/A
1-Year-12.4%N/AN/A
3-Year107.1%N/AN/A
5-Year405.1%N/AN/A
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International Peers - FBN Holdings Plc
Company NameCtryMarket
Cap.
last (mUSD)
FBN Holdings PlcNGA480
International Peers Median1.05
United Bank for Africa ...NGA637
Cullen/Frost Bankers In...USA7 876
Valley National BancorpUSA4 468
Karnataka Bank Ltd.IND843
FirstRand LimitedZAF-0.00
GPRV Analysis
Created with Highcharts 4.1.70/102/104/106/108/1010/10
FBN Holdings Plc
Intl. Peers
U.S Patents No. 7,882,001 & 8,082,201
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Total Revenue Chart
Created with Highcharts 4.1.7Millions NGN201920202021202220232024 (e)2025 (e)2026 (e)2027 (e)0M1M2M3M4M
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Quotes Chart

1-Year Rebased Stock Chart

  • FBN Holdings Plc
Created with Highcharts 4.1.7Jan '25Sep '24May '25-25%0%25%50%
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Did you know ?

On the Infront Analytics platform, there are two ways to identify the listed peers which most closely resemble a private firm:
- with Peer Tracker if you already know a listed peer.
Peer Tracker is a patented technology tool for building peer groups using industry classifications. The degree of similarity between two companies is calculated comparing their sector footprints and measured using comparability scores.
- with Market Screener if you have no listed peer in mind.
Market Screener is a dedicated interface for screening companies using multiple criteria, identifying peers, searching for comparable companies in a specific business sector.

About Market Multiples

Many methods can be used to value a company. In reality, business valuation is often a combination of these different approaches. One of the most widely used quantitative methods is the market multiples method. The market valuation is utilized generally as a primary market input, to provide an objective starting point for the valuation. Put simply, this method multiplies the sales or profits of a business by an industry averaged multiplier to calculate the Market Value of the business.
Current multiples include:
- Historical multiples based on standardized financials for the last completed fiscal period: Last, Last Twelve Months (LTM);
- Forward multiples based on consensus estimates for the current fiscal period and next ones: Next Twelve Months (NTM), FY0, FY1.
Current multiples based on per-share metrics (such as earnings per share or book value per share) are calculated using the last closing price, while current multiples based on company-level metrics (such as net sales, EBIT or EBITDA) are calculated using the current market cap or EV (Enterprise Value).