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Ghanaian (GSE) Energy Sector Analysis

UpdatedJul 04, 2026
DataAggregated Company Financials
Companies3
  • 7D2.9%
  • 3M6.0%
  • 1Y76.8%
  • YTD61.7%

All of the companies in the Energy industry have been up over the last week, with the industry up 7.5%. This means that the industry has gained 91% over the past year. Looking forward, earnings are forecast to grow by 2.3% annually.

Sector Valuation and Performance

Has the Ghanaian Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Jul 2026GH₵14.4bGH₵28.5bGH₵779.3m18.1x18.5x0.5x
Mon, 01 Jun 2026GH₵14.1bGH₵28.5bGH₵779.3m18.9x18.1x0.5x
Wed, 29 Apr 2026GH₵7.0bGH₵22.7bGH₵407.7m24x17.1x0.3x
Fri, 27 Mar 2026GH₵7.2bGH₵23.7bGH₵413.3m23.7x17.4x0.3x
Sun, 22 Feb 2026GH₵6.0bGH₵23.7bGH₵413.3m15.9x14.6x0.3x
Tue, 20 Jan 2026GH₵5.7bGH₵25.3bGH₵468.2m11.7x12.1x0.2x
Thu, 18 Dec 2025GH₵5.7bGH₵25.3bGH₵468.2m11.5x12.1x0.2x
Sat, 15 Nov 2025GH₵5.6bGH₵25.3bGH₵468.2m11x11.9x0.2x
Mon, 13 Oct 2025GH₵5.5bGH₵26.3bGH₵444.3m11.4x12.4x0.2x
Wed, 10 Sep 2025GH₵4.5bGH₵26.3bGH₵444.3m9.7x10.1x0.2x
Fri, 08 Aug 2025GH₵4.4bGH₵26.3bGH₵444.3m9.5x10x0.2x
Sun, 06 Jul 2025GH₵4.2bGH₵26.9bGH₵409.1m9.8x10.2x0.2x
Tue, 03 Jun 2025GH₵3.5bGH₵26.9bGH₵409.1m8.4x8.5x0.1x
Thu, 01 May 2025GH₵3.4bGH₵26.4bGH₵393.0m8.1x8.7x0.1x
Sat, 29 Mar 2025GH₵3.3bGH₵26.4bGH₵388.8m7.8x8.6x0.1x
Mon, 24 Feb 2025GH₵2.2bGH₵26.4bGH₵388.8m5.7x5.5x0.08x
Wed, 22 Jan 2025GH₵2.1bGH₵25.7bGH₵284.3m10x7.4x0.08x
Fri, 20 Dec 2024GH₵2.1bGH₵25.7bGH₵284.3m9.7x7.2x0.08x
Sun, 17 Nov 2024GH₵2.0bGH₵25.7bGH₵284.3m9.7x7.2x0.08x
Tue, 15 Oct 2024GH₵2.0bGH₵25.2bGH₵251.9m9.6x7.9x0.08x
Thu, 12 Sep 2024GH₵2.0bGH₵25.2bGH₵251.9m9.6x7.9x0.08x
Sat, 10 Aug 2024GH₵2.0bGH₵25.2bGH₵251.9m9.6x7.8x0.08x
Mon, 08 Jul 2024GH₵1.9bGH₵26.6bGH₵235.2m9x8x0.07x
Wed, 05 Jun 2024GH₵1.7bGH₵26.5bGH₵251.0m7.2x6.6x0.06x
Fri, 03 May 2024GH₵1.7bGH₵26.5bGH₵241.7m7.3x6.8x0.06x
Sun, 31 Mar 2024GH₵1.7bGH₵26.5bGH₵239.5m7.3x6.9x0.06x
Tue, 27 Feb 2024GH₵1.7bGH₵26.5bGH₵239.5m7.3x6.9x0.06x
Thu, 25 Jan 2024GH₵1.7bGH₵29.0bGH₵272.0m6.2x6.1x0.06x
Sat, 23 Dec 2023GH₵1.6bGH₵29.0bGH₵272.0m6x5.9x0.05x
Mon, 20 Nov 2023GH₵1.6bGH₵30.2bGH₵297.0m5.3x5.4x0.05x
Wed, 18 Oct 2023GH₵1.6bGH₵30.2bGH₵297.0m5.3x5.4x0.05x
Fri, 15 Sep 2023GH₵1.6bGH₵30.2bGH₵297.0m5.4x5.4x0.05x
Sun, 13 Aug 2023GH₵1.4bGH₵30.2bGH₵297.0m4.9x4.7x0.05x
Tue, 11 Jul 2023GH₵1.3bGH₵30.1bGH₵286.5m4.8x4.6x0.04x
Price to Earnings Ratio

4.6x


Total Market Cap: GH₵1.3bTotal Earnings: GH₵286.5mTotal Revenue: GH₵30.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Ghanaian Energy Sector Price to Earnings3Y Average 9.1x202420252026
Current Industry PE
    There are only 3 companies in the Ghanaian Energy industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Energy industry have grown 40% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Ghanaian Energy sector?

GH Market-0.28%
Energy2.88%
Oil and Gas2.88%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 9.1x.
    • Analysts are expecting annual earnings growth of 2.3%, which is lower than the prior year's growth of 7.1% per year.
  • Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.1x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 2.3% over the next 5 years.
  • However this is lower than its past earnings growth rate of 7.1% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 2.3% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TOTAL TotalEnergies Marketing GhanaGH₵39.6010.0%
+GH₵402.7m		30.9%PE14.7x

Latest News

TOTAL
GH₵39.60
TotalEnergies Marketing Ghana
7D
10.0%
1Y
30.9%