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Aug 6, 2024

Transcorp Nigeria’s P/E ratio of 9.5x indicates it is undervalued compared to industry (14.9x) and peer (29.9x) averages, suggesting room for share price appreciation if growth continues.
TRANSCORP Bearish shadows still linger
Updated: 5/20/2025 10:53 AM
Transcorp Nigeria’s P/E ratio of 9.5x indicates it is undervalued compared to industry (14.9x) and peer (29.9x) averages, suggesting room for share price appreciation if growth continues. Strategies like share reconstruction, hospitality expansion, and leveraging power sector reforms are likely to drive share price growth, with analysts targeting ₦70. However, short-term volatility and rising costs pose risks.
The Elliot Wave pattern sh9ows that Transcorp could be completing the wave 2 which is unfolding as an (A)-(B)-(C) correction for wave 1.
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