First Holdco (NSA:FIRSTHOLDCO) Tax Expense: ₦210,520 Mil (TTM As of Mar. 2026)

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NSA:FIRSTHOLDCO First Holdco PLC NSA:FIRSTHOLDCO
63 GF Score
Price ₦65.60
GF Value ₦36.61
Valuation Significantly Overvalued
! 5 Warning Signs
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What is First Holdco Tax Expense?

First Holdco NSA:FIRSTHOLDCO -5.20% 63 Tax Expense is ₦210,520 Mil as of Mar. 2026. GuruFocus rates NSA:FIRSTHOLDCO with a GF Score™ of 63/100 and a GF Value™ of ₦36.61 (Significantly Overvalued). The stock has 5 warning signs investors should review.

First Holdco's tax expense for the months ended in Mar. 2026 was ₦53,261 Mil. Its tax expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₦210,520 Mil.


First Holdco  (NSA:FIRSTHOLDCO) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.


First Holdco Tax Expense Related Terms


First Holdco Tax Expense Historical Data

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The historical data trend for First Holdco's Tax Expense 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 Tax Expense Chart

First Holdco Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15,515.00 21,591.00 39,433.00 118,393.00 73,026.00

First Holdco Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Expense 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 19,085.00 53,294.00 36,083.00 67,882.00 53,261.00
NSA:FIRSTHOLDCO
63GF Score
First Holdco PLC NSA:FIRSTHOLDCO
Tax Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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First Holdco Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense 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 ₦210,520 Mil.

* 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 Tax Expense →
What does a Tax Expense of ₦210,520 Mil mean?
First Holdco (NSA:FIRSTHOLDCO) has a Tax Expense of ₦210,520 Mil as of Mar. 2026. Tax expense is the amount of tax the company pays in an accounting period. View historical data on First Holdco and its competitors.
Is First Holdco's Tax Expense too high?
First Holdco's current Tax Expense is ₦210,520 Mil. Overall, First Holdco has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Holdco's Tax Expense compare to competitors?
First Holdco's Tax Expense of ₦210,520 Mil 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 Tax Expense for a Banks company?
A good Tax Expense depends on the Banks industry context. However, Tax Expense 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 Tax Expense mean?
A high Tax Expense can signal that a stock is expensive relative to its fundamentals. Tax expense is the amount of tax the company pays in an accounting period. View historical data on First Holdco and its competitors. First Holdco's current Tax Expense is ₦210,520 Mil. 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 ₦36.61, compared to a current price of ₦65.60 — trading 79.2% above its estimated fair value. The current Tax Expense is ₦210,520 Mil. First Holdco's overall GF Score™ is 63/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Expense calculated?
Tax Expense is calculated from a company's financial statements. For First Holdco (NSA:FIRSTHOLDCO), the current Tax Expense is ₦210,520 Mil 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 ₦65.60 is trading 79.2% above its estimated GF Value™ of ₦36.61. GuruFocus considers First Holdco to be Significantly Overvalued.

Key valuation signals for NSA:FIRSTHOLDCO:

  • Tax Expense: ₦210,520 Mil
  • GF Value™: ₦36.61 vs. price of ₦65.60 (79.2% above fair value)
  • GF Score™: 63/100 with 5 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.
63GF Score

Get the complete analysis for NSA:FIRSTHOLDCO

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

₦65.60
Price
₦36.61
GF Value