UPL
Investo's verdict, shared with you
No fair value published
The derivation ran and was refused by our own plausibility checks. We publish no number rather than a plausible-looking one.
Why · 2 checks
Our valuation methods disagree
The earnings-based and book-based readings of this company differ by more than 2.5×. That spread is real information, but averaging it would manufacture a number no method actually produced.
A per-share input was repaired or refused
One of the per-share figures behind this valuation did not agree with the audited totals it should reconcile to, so it was recomputed from those totals or rejected outright.
What we would need
- Earnings and book value drawn from the same set of accounts, so the two legs can be reconciled.
- A per-share figure in the source data that reconciles to the reported totals.
Show what the engine computed
Method spread · 4.82× between the highest and lowest valuation leg.
Methods disagree · The valuation legs disagree by 4.82x (Blended P/E band ₦5.55 vs Blended P/B band ₦26.76). No point estimate is defensible until the inputs are reconciled.
Figure corrected · confidence leans on our independent data snapshot, not on our own filings: our independent data snapshot as of 2026-08-16 corroborated (agrees with our filing-derived EPS); credited 6 because we hold 1 clean annual year(s) of our own
Input quality · confidence leans on our independent data snapshot, not on our own filings: our independent data snapshot as of 2026-08-16 corroborated (agrees with our filing-derived EPS); credited 6 because we hold 1 clean annual year(s) of our own
Unilag Investments Plc (UPL) trades at ₦5.35, a 55% discount to the P/E-anchored base fair value of ₦5.55 on the primary method and a striking 0.68x book versus a sector median of 3.39x, suggesting deep value if earnings normalise; however, the committee score flags negative momentum and the recent filing data (which appears to belong to University Press Plc, not UPL) introduces a material data-provenance concern that clouds conviction. With only one clean annual filing year in-house and a independently sourced EPS of ₦0.65 versus our derived ₦0.50, the earnings base itself carries uncertainty that limits actionable upside at this stage.
Verdict published 2026-08-16 · fundamentals through Q1-2026 · reviewed as the data changes
Source: NGX live market data · Investo intelligence. Educational only — not financial advice.