FCMB Group (NSA:FCMB) Earnings per Share (Diluted): ₦11.05 (TTM As of Mar. 2026)

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:FCMB FCMB Group PLC NSA:FCMB
53 GF Score
Price ₦11.80
GF Value ₦7.14
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is FCMB Group Earnings per Share (Diluted)?

FCMB Group NSA:FCMB -1.67% 53 Earnings per Share (Diluted) is ₦11.05 as of Mar. 2026. GuruFocus rates NSA:FCMB with a GF Score™ of 53/100 and a GF Value™ of ₦7.14 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,413 Banks companies, FCMB Group ranks better than 86.34% on this metric.

FCMB Group's Earnings per Share (Diluted) for the three months ended in Mar. 2026 was ₦4.63. Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₦11.05.

FCMB Group's EPS (Basic) for the three months ended in Mar. 2026 was ₦4.63. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was ₦11.08.

FCMB Group's EPS without NRI for the three months ended in Mar. 2026 was ₦4.53. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was ₦11.12.

During the past 12 months, FCMB Group's average EPS without NRIGrowth Rate was 9.10% per year. During the past 3 years, the average EPS without NRIGrowth Rate was 29.50% per year. During the past 5 years, the average EPS without NRI Growth Rate was 24.40% per year. During the past 10 years, the average EPS without NRI Growth Rate was 23.40% per year.

During the past 13 years, FCMB Group's highest 3-Year average EPS without NRI Growth Rate was 50.30% per year. The lowest was -20.60% per year. And the median was 22.90% per year.


FCMB Group  (NSA:FCMB) Earnings per Share (Diluted) Explanation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


FCMB Group Earnings per Share (Diluted) Related Terms


FCMB Group Earnings per Share (Diluted) Historical Data

* Premium members only.

The historical data trend for FCMB Group's Earnings per Share (Diluted) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FCMB Group Earnings per Share (Diluted) Chart

FCMB Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Earnings per Share (Diluted)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.05 1.56 4.48 2.38 3.99

FCMB Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Earnings per Share (Diluted) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.25 4.17 1.21 1.04 4.63

NSA:FCMB vs PNC: Earnings per Share (Diluted) Comparison

For the Banks - Regional subindustry, FCMB Group's PE Ratio, along with its competitors' market caps and PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


FCMB Group PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, FCMB Group's PE Ratio distribution charts can be found below:

* The bar in red indicates where FCMB Group's PE Ratio falls into.


NSA:FCMB
53GF Score
FCMB Group PLC NSA:FCMB
Earnings per Share (Diluted) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FCMB Group Earnings per Share (Diluted) Calculation

Earnings Per Share (EPS) is the amount of earnings per outstanding share of the company's stock. In calculating earnings per share, the dividends of preferred stocks need to subtracted from the total net income first.

FCMB Group's Earnings Per Share (Diluted) for the fiscal year that ended in Dec. 2025 is calculated as

Diluted Earnings Per Share (A: Dec. 2025 ) = (Net Income - Preferred Dividends) / Shares Outstanding (Diluted Average)
=(177014.514-0)/42450.218
=4.17

FCMB Group's Earnings Per Share (Diluted) for the quarter that ended in Mar. 2026 is calculated as

Diluted Earnings Per Share (Q: Mar. 2026 )=(Net Income - Preferred Dividends / Shares Outstanding (Diluted Average)
=(76354.891-0)/65950.000
=1.16

Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦11.05

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies also reported diluted shares in their financial reports. Diluted shares include the shares of convertibles or warrants outstanding.

What does a Earnings per Share (Diluted) of ₦11.05 mean?
FCMB Group (NSA:FCMB) has a Earnings per Share (Diluted) of ₦11.05 as of Mar. 2026. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on FCMB Group and its competitors. According to the industry distribution chart, FCMB Group ranks #193 out of 1413 companies in the Banks industry, placing it in the top 13.7%.
Is FCMB Group's Earnings per Share (Diluted) too high?
FCMB Group's current Earnings per Share (Diluted) is ₦11.05. Based on the distribution chart, FCMB Group ranks #193 out of 1413 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, FCMB Group has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FCMB Group's Earnings per Share (Diluted) compare to PNC?
According to the Banks industry distribution chart, FCMB Group ranks #193 out of 1413 companies for Earnings per Share (Diluted). This places FCMB Group in the top 14% of its industry — outperforming the majority of peers. The industry median Earnings per Share (Diluted) is 7.30. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings per Share (Diluted) for a Banks company?
The median Earnings per Share (Diluted) among Banks companies is 7.30, based on 1,413 companies in the industry. Companies in the top quartile (top 25%) have a Earnings per Share (Diluted) significantly above this median, while those in the bottom quartile fall well below. However, Earnings per Share (Diluted) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings per Share (Diluted) mean?
A high Earnings per Share (Diluted) can signal that a stock is expensive relative to its fundamentals. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on FCMB Group and its competitors. For the Banks industry, the median Earnings per Share (Diluted) is 7.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FCMB Group's current Earnings per Share (Diluted) is ₦11.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FCMB Group stock overvalued right now?
Based on GuruFocus' analysis, FCMB Group (NSA:FCMB) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦7.14, compared to a current price of ₦11.80 — trading 65.3% above its estimated fair value. The current Earnings per Share (Diluted) is ₦11.05. FCMB Group's overall GF Score™ is 53/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings per Share (Diluted) calculated?
Earnings per Share (Diluted) is calculated from a company's financial statements. For FCMB Group (NSA:FCMB), the current Earnings per Share (Diluted) is ₦11.05 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is FCMB Group (NSA:FCMB) Overvalued in 2026?

Based on GuruFocus' analysis, FCMB Group stock appears to be overvalued. The current stock price of ₦11.80 is trading 65.3% above its estimated GF Value™ of ₦7.14. GuruFocus considers FCMB Group to be Significantly Overvalued.

Key valuation signals for NSA:FCMB:

  • Earnings per Share (Diluted): ₦11.05
  • GF Value™: ₦7.14 vs. price of ₦11.80 (65.3% above fair value)
  • GF Score™: 53/100 with 6 warning signs

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


FCMB Group Business Description

Address 44 Marina, 5th Floor, First City Plaza, Lagos, NGA
FCMB Group PLC provides banking services. Its segments include Investment Banking, Investment Management, SME Banking, Commercial Banking, Corporate Banking, Personal Banking, Institutional Banking, and Treasury and Financial Markets. The majority of the revenue is derived from Corporate Banking which incorporates direct debit facilities, current accounts, deposits, overdrafts, loan and other credit facilities, foreign currency and derivative products. The corporate banking business unit caters for the specific needs of companies and financial institutions. It operates in two geographic regions, being: Nigeria and Europe (UK).
53GF Score

Get the complete analysis for NSA:FCMB

Earnings per Share (Diluted) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦11.80
Price
₦7.14
GF Value