FCMB Group (NSA:FCMB) Total Operating Expense

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
54 GF Score
Price ₦10.80
GF Value ₦7.22
Valuation Significantly Overvalued
! 5 Warning Signs
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What is FCMB Group Total Operating Expense?

Total Operating Expense does not apply to banks and insurance companies.

NSA:FCMB
54GF Score
FCMB Group PLC NSA:FCMB
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Is FCMB Group (NSA:FCMB) Overvalued in 2026?

Based on GuruFocus' analysis, FCMB Group stock appears to be overvalued. The current stock price of ₦10.80 is trading 49.6% above its estimated GF Value™ of ₦7.22. GuruFocus considers FCMB Group to be Significantly Overvalued.

Key valuation signals for NSA:FCMB:

  • Total Operating Expense:
  • GF Value™: ₦7.22 vs. price of ₦10.80 (49.6% above fair value)
  • GF Score™: 54/100 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

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).
54GF Score

Get the complete analysis for NSA:FCMB

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

₦10.80
Price
₦7.22
GF Value