According to data gathered by Bloomberg, United Bank for Africa Plc, Access Bank Plc, FBN Holdings Plc; and Unity Bank Plc are the Nigerian lenders with the four out of the five African stocks with the lowest price-earnings ratios among businesses valued at $500 million or more.
The country’s top pan-African bank, UBA Plc, has a price-to-earnings ratio of 2. 01x and a price-to-book ratio of 0.33x, all of which provide the bank with significant investment potential.
One of the top lenders in Nigeria, Access Holdings Plc, has a price-to-earnings ratio (P/E ratio) of 1.96x and a price-to-book (P/B) ratio of 0.30x.
During the time period under consideration, FBN Holdings Plc had a price-to-earnings ratio (P/E ratio) of 2. 18x and a price-to-book (P/B) ratio of 0.41x. As a result, the bank has one of the strongest prospects for value investing because to the stock price.
Unity Bank Plc during the period under review has a price-to-earnings ratio (P/E ratio) of 1. 77x and zero price-to-book (P/B) ratio. The negative P/B is negative due to a negative net asset value.