FCMB Group (NSA:FCMB) ROE % Adjusted to Book Value: 45.50% (As of Mar. 2026)

FCMB Group NSA:FCMB -1.00% 55 ROE % Adjusted to Book Value is 45.50% as of Mar. 2026. GuruFocus rates NSA:FCMB with a GF Score™ of 55/100 and a GF Value™ of ₦7.30 (Significantly Overvalued). The stock has 5 warning signs investors should review.

FCMB Group's ROE % for the quarter that ended in Mar. 2026 was 30.94%. FCMB Group's PB Ratio for the quarter that ended in Mar. 2026 was 0.68. FCMB Group's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 45.50%.

FCMB Group ROE % Adjusted to Book Value Related Terms

FCMB Group ROE % Adjusted to Book Value Historical Data

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The historical data trend for FCMB Group's ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value Chart

FCMB Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROE % Adjusted to Book Value

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36.71

42.61

78.69

23.57

37.48

FCMB Group Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROE % Adjusted to Book Value	Get a 7-Day Free Trial															34.25	45.47	46.19	40.71	45.50

NSA:FCMB vs PNC: ROE % Adjusted to Book Value Comparison

For the Banks - Regional subindustry, FCMB Group's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Banks Industry

For the Banks industry and Financial Services sector, FCMB Group's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where FCMB Group's ROE % Adjusted to Book Value falls into.

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55GF Score

FCMB Group PLC NSA:FCMB

ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.

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FCMB Group ROE % Adjusted to Book Value Calculation

FCMB Group's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	23.24%	/	0.62
	=	37.48%

FCMB Group's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	30.94%	/	0.68
	=	45.50%

Frequently Asked Questions Learn more about ROE % Adjusted to Book Value →

What does a ROE % Adjusted to Book Value of 45.50% mean?

FCMB Group (NSA:FCMB) has a ROE % Adjusted to Book Value of 45.50% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on FCMB Group and its competitors.

Is FCMB Group's ROE % Adjusted to Book Value too high?

FCMB Group's current ROE % Adjusted to Book Value is 45.50%. Overall, FCMB Group has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does FCMB Group's ROE % Adjusted to Book Value compare to PNC?

FCMB Group's ROE % Adjusted to Book Value of 45.50% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROE % Adjusted to Book Value for a Banks company?

A good ROE % Adjusted to Book Value depends on the Banks industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?

A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on FCMB Group and its competitors. FCMB Group's current ROE % Adjusted to Book Value is 45.50%. 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 ₦7.30, compared to a current price of ₦9.90 — trading 35.6% above its estimated fair value. The current ROE % Adjusted to Book Value is 45.50%. FCMB Group's overall GF Score™ is 55/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROE % Adjusted to Book Value calculated?

ROE % Adjusted to Book Value is calculated from a company's financial statements. For FCMB Group (NSA:FCMB), the current ROE % Adjusted to Book Value is 45.50% 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 ₦9.90 is trading 35.6% above its estimated GF Value™ of ₦7.30. GuruFocus considers FCMB Group to be Significantly Overvalued.

Key valuation signals for NSA:FCMB:

ROE % Adjusted to Book Value: 45.50%
GF Value™: ₦7.30 vs. price of ₦9.90 (35.6% above fair value)
GF Score™: 55/100 with 5 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

Industry Financial Services Banks

Comparable Companies NSA:JAIZBANK NSA:ABBEYBDS NSA:WEMA NSA:ACCESSCORP NSA:FBP NSA:ETI SHSE:600036 SGX:D05 MIL:UCG NSE:HDFCBANK XPAR:BNP MIL:ISP TSE:8411 SAU:1120 NSE:ICICIBANK XMAD:CABK NSE:SBIN PNC BSP:ITUB3 HKSE:01658

Address 44 Marina, 5th Floor, First City Plaza, Lagos, NGA

Website https://www.fcmbgroup.com

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).

55GF Score

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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦9.90

Price

₦7.30

GF Value

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