First Holdco (NSA:FIRSTHOLDCO) EPS without NRI: ₦4.22 (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:FIRSTHOLDCO First Holdco PLC NSA:FIRSTHOLDCO
48 GF Score
Price ₦120.90
GF Value ₦36.80
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is First Holdco EPS without NRI?

First Holdco NSA:FIRSTHOLDCO +9.91% 48 EPS without NRI is ₦4.22 as of Mar. 2026. GuruFocus rates NSA:FIRSTHOLDCO with a GF Score™ of 48/100 and a GF Value™ of ₦36.80 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,411 Banks companies, First Holdco ranks worse than 66.27% on this metric.

First Holdco's earnings per share without non-recurring items for the three months ended in Mar. 2026 was ₦5.99. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was ₦4.22.

During the past 12 months, First Holdco's average earnings per share (NRI) Growth Rate was -75.30% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was 2.00% per year. During the past 5 years, the average earnings per share (NRI) Growth Rate was 28.80% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was 47.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for First Holdco's EPS without NRI or its related term are showing as below:

NSA:FIRSTHOLDCO' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -62.3   Med: 29   Max: 148
Current: 2

During the past 13 years, First Holdco's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 148.00% per year. The lowest was -62.30% per year. And the median was 29.00% per year.

NSA:FIRSTHOLDCO's 3-Year EPS without NRI Growth Rate is ranked worse than
66.27% of 1411 companies
in the Banks industry
Industry Median: 7.3 vs NSA:FIRSTHOLDCO: 2.00

First Holdco's EPS (Diluted) for the three months ended in Mar. 2026 was ₦6.00. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₦3.43.

First Holdco's EPS (Basic) for the three months ended in Mar. 2026 was ₦6.00. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was ₦3.43.


First Holdco  (NSA:FIRSTHOLDCO) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


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.


First Holdco EPS without NRI Related Terms


First Holdco EPS without NRI Historical Data

* Premium members only.

The historical data trend for First Holdco's EPS without NRI 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.

First Holdco EPS without NRI Chart

First Holdco Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.12 3.70 8.85 19.59 3.93

First Holdco Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EPS without NRI 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 4.50 2.87 4.45 -9.08 5.99

First Holdco EPS without NRI Competitor Comparison

For the Banks - Regional subindustry, First Holdco's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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.


First Holdco PE Ratio without NRI vs Banks Industry

For the Banks industry and Financial Services sector, First Holdco's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where First Holdco's PE Ratio without NRI falls into.


NSA:FIRSTHOLDCO
48GF Score
First Holdco PLC NSA:FIRSTHOLDCO
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Holdco EPS without NRI Calculation

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.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI 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 ₦4.22

* 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.

Frequently Asked Questions Learn more about EPS without NRI →
What does a EPS without NRI of ₦4.22 mean?
First Holdco (NSA:FIRSTHOLDCO) has a EPS without NRI of ₦4.22 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on First Holdco and its competitors. According to the industry distribution chart, First Holdco ranks #935 out of 1411 companies in the Banks industry, placing it in the top 66.3%.
Is First Holdco's EPS without NRI too high?
First Holdco's current EPS without NRI is ₦4.22. Based on the distribution chart, First Holdco ranks #935 out of 1411 companies in the Banks industry, which is below the industry midpoint. Overall, First Holdco has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Holdco's EPS without NRI compare to competitors?
According to the Banks industry distribution chart, First Holdco ranks #935 out of 1411 companies for EPS without NRI. This places First Holdco in the lower half of its industry. The industry median EPS without NRI 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 EPS without NRI for a Banks company?
The median EPS without NRI among Banks companies is 7.30, based on 1,411 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on First Holdco and its competitors. For the Banks industry, the median EPS without NRI is 7.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Holdco's current EPS without NRI is ₦4.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Holdco stock overvalued right now?
Based on GuruFocus' analysis, First Holdco (NSA:FIRSTHOLDCO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦36.80, compared to a current price of ₦120.90 — trading 228.5% above its estimated fair value. The current EPS without NRI is ₦4.22. First Holdco's overall GF Score™ is 48/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For First Holdco (NSA:FIRSTHOLDCO), the current EPS without NRI is ₦4.22 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 First Holdco (NSA:FIRSTHOLDCO) Overvalued in 2026?

Based on GuruFocus' analysis, First Holdco stock appears to be overvalued. The current stock price of ₦120.90 is trading 228.5% above its estimated GF Value™ of ₦36.80. GuruFocus considers First Holdco to be Significantly Overvalued.

Key valuation signals for NSA:FIRSTHOLDCO:

  • EPS without NRI: ₦4.22
  • GF Value™: ₦36.80 vs. price of ₦120.90 (228.5% above fair value)
  • GF Score™: 48/100 with 6 warning signs

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


First Holdco Business Description

Address 35 Marina, Samuel Asabia House, PO Box 5216, Lagos, NGA
First Holdco PLC is a Nigerian financial services Group. The principal activities of the company are mainly the provision of Commercial Banking, Investment Banking, Asset Management, Trusteeship, Securities Brokerage and Insurance Brokerage. Its reportable segments are 1. Commercial Banking Business Group: It provides both individual and corporate clients/ customers with financial intermediation services, 2 Investment Banking and Asset Management Business Group: It provides advisory, asset management, markets and private equity services to a large institutional (corporations and governments) clientele, as well as merchant banking services., and 3. Others. The majority of revenue is derived from the Commercial Banking Business Group. Geographically, key revenue is derived from Nigeria.
48GF Score

Get the complete analysis for NSA:FIRSTHOLDCO

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦120.90
Price
₦36.80
GF Value