JBERGER
Investo's verdict, shared with you
Julius Berger Nigeria Plc is a structurally important infrastructure contractor with ₦759.9bn in 2025 revenue and a newly established Saudi Arabian subsidiary signalling geographic diversification ambitions, but at ₦310.8 per share the stock trades at 15.99x P/E and 1.76x P/B — materially above the sector-median peer multiples of 10.43x and 1.21x respectively, implying a 33.7% premium to a base fair value of ₦205.94. With ROE of ~11%, a near-zero net committee score, and a deeply concerning ~73.6% effective tax rate in Q2 2026, the risk-reward is unfavourable at current levels.
Verdict published 2026-09-05 · fundamentals through 2025 · reviewed as the data changes
Source: NGX live market data · Investo intelligence. Educational only — not financial advice.