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Ghanaian (GSE) Food Industry Analysis
UpdatedJul 22, 2026
DataAggregated Company Financials
Companies4
- 7D0.08%
- 3M-1.6%
- 1Y171.2%
- YTD54.9%
The Food is pretty flat in the last 7 days, but Cocoa Processing has stood out, gaining 7.1%. As for the the longer term, the industry is up 171% over the past 12 months. Looking forward, earnings are forecast to grow by 6.7% annually.
Industry Valuation and Performance
Has the Ghanaian Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 Jul 2026 | GH₵4.7b | GH₵1.7b | GH₵7.2m | 41.2x | 643.9x | 2.8x |
| Fri, 19 Jun 2026 | GH₵4.6b | GH₵1.7b | GH₵13.6m | 27.6x | 338.8x | 2.8x |
| Sun, 17 May 2026 | GH₵4.8b | GH₵1.7b | GH₵8.7m | 27.6x | 548.6x | 2.9x |
| Tue, 14 Apr 2026 | GH₵5.2b | GH₵1.6b | GH₵25.5m | 41.3x | 203.6x | 3.3x |
| Thu, 12 Mar 2026 | GH₵4.8b | GH₵1.6b | GH₵28.1m | 35.5x | 171.9x | 3x |
| Sat, 07 Feb 2026 | GH₵3.3b | GH₵1.6b | GH₵25.2m | 20.3x | 130.4x | 2.1x |
| Mon, 05 Jan 2026 | GH₵2.9b | GH₵1.3b | GH₵150.7m | 19.1x | 19.1x | 2.2x |
| Wed, 03 Dec 2025 | GH₵2.5b | GH₵1.3b | GH₵151.2m | 17.4x | 16.7x | 1.9x |
| Fri, 31 Oct 2025 | GH₵2.3b | GH₵1.3b | GH₵169.5m | 14.8x | 13.6x | 1.8x |
| Sun, 28 Sep 2025 | GH₵1.9b | GH₵1.3b | GH₵169.5m | 11.6x | 11.5x | 1.5x |
| Tue, 26 Aug 2025 | GH₵1.7b | GH₵1.3b | GH₵170.1m | 10x | 10.1x | 1.4x |
| Thu, 24 Jul 2025 | GH₵1.7b | GH₵1.1b | GH₵176.3m | 9.1x | 9.5x | 1.5x |
| Sat, 21 Jun 2025 | GH₵1.7b | GH₵1.1b | GH₵176.3m | 9.2x | 9.6x | 1.5x |
| Mon, 19 May 2025 | GH₵1.5b | GH₵1.1b | GH₵176.3m | 8.5x | 8.6x | 1.3x |
| Wed, 16 Apr 2025 | GH₵1.4b | GH₵1.0b | GH₵147.1m | 9x | 9.4x | 1.3x |
| Fri, 14 Mar 2025 | GH₵1.4b | GH₵1.0b | GH₵147.1m | 9x | 9.4x | 1.3x |
| Sun, 09 Feb 2025 | GH₵1.3b | GH₵1.0b | GH₵147.1m | 8.7x | 9x | 1.3x |
| Tue, 07 Jan 2025 | GH₵1.3b | GH₵952.5m | GH₵127.8m | 9.9x | 10.3x | 1.4x |
| Thu, 05 Dec 2024 | GH₵1.3b | GH₵952.5m | GH₵127.8m | 9.9x | 10.3x | 1.4x |
| Sat, 02 Nov 2024 | GH₵1.3b | GH₵888.1m | GH₵102.1m | 13x | 12.9x | 1.5x |
| Mon, 30 Sep 2024 | GH₵1.3b | GH₵888.1m | GH₵102.1m | 12.6x | 12.7x | 1.5x |
| Wed, 28 Aug 2024 | GH₵1.2b | GH₵888.1m | GH₵102.1m | 12.1x | 12x | 1.4x |
| Fri, 26 Jul 2024 | GH₵1.2b | GH₵882.1m | GH₵106.6m | 13x | 11.7x | 1.4x |
| Sun, 23 Jun 2024 | GH₵1.2b | GH₵887.5m | GH₵106.4m | 12.5x | 11.1x | 1.3x |
| Tue, 21 May 2024 | GH₵1.1b | GH₵882.1m | GH₵105.3m | 12x | 10.6x | 1.3x |
| Thu, 18 Apr 2024 | GH₵1.2b | GH₵1.3b | -GH₵25,127,956.52 | 11.4x | -46.2x | 0.9x |
| Sat, 16 Mar 2024 | GH₵1.2b | GH₵1.3b | -GH₵16,265,891.02 | 10.6x | -72.4x | 0.9x |
| Mon, 12 Feb 2024 | GH₵1.2b | GH₵1.3b | GH₵21.2m | 9.8x | 55.9x | 0.9x |
| Wed, 10 Jan 2024 | GH₵1.2b | GH₵1.3b | -GH₵9,525,819.00 | 70.5x | -124.3x | 0.9x |
| Fri, 08 Dec 2023 | GH₵1.1b | GH₵1.3b | -GH₵9,795,575.00 | 70.3x | -112.4x | 0.8x |
| Sun, 05 Nov 2023 | GH₵1.1b | GH₵1.4b | -GH₵21,843,570.00 | 70.2x | -50.3x | 0.8x |
| Tue, 03 Oct 2023 | GH₵1.1b | GH₵1.4b | -GH₵30,709,426.00 | 70x | -34.3x | 0.8x |
| Thu, 31 Aug 2023 | GH₵762.3m | GH₵950.6m | GH₵122.8m | 69.8x | 6.2x | 0.8x |
| Sat, 29 Jul 2023 | GH₵655.4m | GH₵914.1m | GH₵124.5m | 69.3x | 5.3x | 0.7x |
Price to Earnings Ratio
5.3x
Current Industry PE
- Investors are optimistic on the Ghanaian Food industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 552x which is higher than its 3-year average PE of 47.9x.
- The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Food industry have declined 59% per year over the last three years.
- Meanwhile revenues for these companies have grown 22% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Ghanaian Consumer Staples industry?
| GH Market | 2.67% | |
| Consumer Staples | 5.52% | |
| Food | 0.082% | |
| Packaged Foods and Meats | 0.18% | |
| Agricultural Products | 0.013% | |
Industry PE
- Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio of 13.8x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 6.7% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 6.7% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HORDS Hords | GH₵0.19 | 18.8% +GH₵3.4m | n/a | PE47.7x | |
| BOPP Benso Oil Palm Plantation | GH₵80.00 | 0.01% +GH₵348.0k | 133.6% | PE41.2x |