Wema Bank (NSA:WEMA) Accumulated Depreciation

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSA:WEMA Wema Bank PLC NSA:WEMA
58 GF Score
Price ₦32.30
GF Value ₦14.18
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Wema Bank Accumulated Depreciation?

Accumulated Depreciation does not apply to banks and insurance companies.

NSA:WEMA
58GF Score
Wema Bank PLC NSA:WEMA
Accumulated Depreciation is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Is Wema Bank (NSA:WEMA) Overvalued in 2026?

Based on GuruFocus' analysis, Wema Bank stock appears to be overvalued. The current stock price of ₦32.30 is trading 127.8% above its estimated GF Value™ of ₦14.18. GuruFocus considers Wema Bank to be Significantly Overvalued.

Key valuation signals for NSA:WEMA:

  • Accumulated Depreciation:
  • GF Value™: ₦14.18 vs. price of ₦32.30 (127.8% above fair value)
  • GF Score™: 58/100 with 2 warning signs

No single metric tells the full story. See the NSA:WEMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Wema Bank Business Description

Address 54, Marina Road, Wema Towers, inside Wema Bank Plc, Lagos, NGA, 102273
Wema Bank PLC is a Nigerian commercial bank headquartered in Lagos. It provides retail, small and medium enterprise, commercial, and corporate banking, along with treasury, trade services, and financial advisory. Its offerings include loans and advances, deposits, electronic banking, and money market activities. The bank serves individual customers, SMEs, and large corporations across Nigeria, operating through regional structures covering the South-West, South-South, Abuja, and Lagos zones, with Lagos generating the largest share of revenue. Wema Bank is notable for its digital banking platform, ALAT, which targets retail customers with app-based savings, payments, and lending products. Revenue comes primarily from interest income on loans and investments, supplemented by fees and commissions from banking services and digital transactions. The bank is listed on the Nigerian Exchange.
58GF Score

Get the complete analysis for NSA:WEMA

Accumulated Depreciation is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦32.30
Price
₦14.18
GF Value