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Ghanaian (GSE) Energy Sector Analysis
UpdatedDec 25, 2025
DataAggregated Company Financials
Companies2
- 7D0.2%
- 3M15.5%
- 1Y174.7%
- YTD171.9%
In the last week, Energy has been flat. As for the the longer term, the industry is up 174% over the past 12 months. Earnings are forecast to grow by 2.7% annually.
Sector Valuation and Performance
Has the Ghanaian Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Dec 2025 | GH₵5.7b | GH₵25.3b | GH₵468.2m | 11.6x | 12.1x | 0.2x |
| Sat, 22 Nov 2025 | GH₵5.6b | GH₵25.3b | GH₵468.2m | 11.3x | 11.9x | 0.2x |
| Mon, 20 Oct 2025 | GH₵5.5b | GH₵26.3b | GH₵444.3m | 11.4x | 12.4x | 0.2x |
| Wed, 17 Sep 2025 | GH₵4.8b | GH₵26.3b | GH₵444.3m | 10.3x | 10.9x | 0.2x |
| Fri, 15 Aug 2025 | GH₵4.4b | GH₵26.3b | GH₵444.3m | 9.5x | 10x | 0.2x |
| Sun, 13 Jul 2025 | GH₵4.5b | GH₵26.9b | GH₵409.1m | 10.4x | 11.1x | 0.2x |
| Tue, 10 Jun 2025 | GH₵3.6b | GH₵26.9b | GH₵409.1m | 8.9x | 8.7x | 0.1x |
| Thu, 08 May 2025 | GH₵3.4b | GH₵26.4b | GH₵376.4m | 8.8x | 9.1x | 0.1x |
| Sat, 05 Apr 2025 | GH₵3.3b | GH₵26.4b | GH₵388.8m | 7.9x | 8.6x | 0.1x |
| Mon, 03 Mar 2025 | GH₵2.3b | GH₵26.4b | GH₵388.8m | 6x | 5.9x | 0.09x |
| Wed, 29 Jan 2025 | GH₵2.1b | GH₵25.7b | GH₵284.3m | 10.1x | 7.5x | 0.08x |
| Fri, 27 Dec 2024 | GH₵2.1b | GH₵25.7b | GH₵284.3m | 9.7x | 7.3x | 0.08x |
| Sun, 24 Nov 2024 | GH₵2.0b | GH₵25.7b | GH₵284.3m | 9.7x | 7.2x | 0.08x |
| Tue, 22 Oct 2024 | GH₵2.0b | GH₵25.2b | GH₵251.9m | 9.7x | 8x | 0.08x |
| Thu, 19 Sep 2024 | GH₵2.0b | GH₵25.2b | GH₵251.9m | 9.6x | 7.9x | 0.08x |
| Sat, 17 Aug 2024 | GH₵2.0b | GH₵25.2b | GH₵251.9m | 9.6x | 7.8x | 0.08x |
| Mon, 15 Jul 2024 | GH₵2.0b | GH₵26.6b | GH₵235.2m | 9.2x | 8.4x | 0.07x |
| Wed, 12 Jun 2024 | GH₵1.7b | GH₵26.5b | GH₵251.0m | 7.2x | 6.6x | 0.06x |
| Fri, 10 May 2024 | GH₵1.7b | GH₵26.5b | GH₵251.0m | 7.1x | 6.6x | 0.06x |
| Sun, 07 Apr 2024 | GH₵1.7b | GH₵26.5b | GH₵239.5m | 7.3x | 6.9x | 0.06x |
| Tue, 05 Mar 2024 | GH₵1.7b | GH₵26.5b | GH₵239.5m | 7.3x | 6.9x | 0.06x |
| Thu, 01 Feb 2024 | GH₵1.7b | GH₵29.0b | GH₵272.0m | 6.2x | 6.1x | 0.06x |
| Sat, 30 Dec 2023 | GH₵1.6b | GH₵29.0b | GH₵272.0m | 6x | 5.9x | 0.05x |
| Mon, 27 Nov 2023 | GH₵1.6b | GH₵29.0b | GH₵272.0m | 6x | 5.9x | 0.05x |
| Wed, 25 Oct 2023 | GH₵1.6b | GH₵30.2b | GH₵297.0m | 5.3x | 5.4x | 0.05x |
| Fri, 22 Sep 2023 | GH₵1.6b | GH₵30.2b | GH₵297.0m | 5.4x | 5.4x | 0.05x |
| Sun, 20 Aug 2023 | GH₵1.7b | GH₵30.2b | GH₵297.0m | 5.6x | 5.6x | 0.05x |
| Tue, 18 Jul 2023 | GH₵1.4b | GH₵30.1b | GH₵286.5m | 5x | 4.9x | 0.05x |
| Thu, 15 Jun 2023 | GH₵1.4b | GH₵30.1b | GH₵286.5m | 4.9x | 4.8x | 0.05x |
| Sat, 13 May 2023 | GH₵1.4b | GH₵27.0b | GH₵300.2m | 4.6x | 4.5x | 0.05x |
| Mon, 10 Apr 2023 | GH₵1.4b | GH₵24.9b | GH₵229.2m | 6x | 5.9x | 0.05x |
| Wed, 08 Mar 2023 | GH₵1.2b | GH₵24.9b | GH₵229.2m | 5.6x | 5.3x | 0.05x |
| Fri, 03 Feb 2023 | GH₵1.1b | GH₵20.5b | GH₵225.1m | 4.9x | 5x | 0.05x |
| Sun, 01 Jan 2023 | GH₵1.1b | GH₵20.5b | GH₵225.1m | 4.9x | 5x | 0.05x |
Price to Earnings Ratio
5x
Current Industry PE
- There are only 2 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 28% per year over the last three years.
- Revenues for these companies have grown 7.1% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Ghanaian Energy sector?
| GH Market | 0.21% | |
| Energy | 0.18% | |
| Oil and Gas | 0.18% | |
Industry PE
- Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 7.3x.
- Analysts are expecting annual earnings growth of 2.7%, which is lower than the prior year's growth of 96.5% 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 7.3x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 2.7% over the next 5 years.
- In contrast, the Oil and Gas industry is expected to see its earnings grow by 2.7% 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 | |
|---|---|---|---|---|---|
| GOIL GOIL | GH₵2.95 | 1.4% +GH₵15.7m | 94.1% | PE10.7x |