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Ghanaian (GSE) Energy Sector Analysis

UpdatedFeb 13, 2026
DataAggregated Company Financials
Companies2
  • 7D1.4%
  • 3M4.9%
  • 1Y174.5%
  • YTD2.8%

In the last week, the Energy industry is up 1.4%, with all of the companies up. In the last 12 months, the industry was up 175%. Looking forward, earnings are forecast to grow by 1.2% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Feb 2026GH₵5.8bGH₵23.7bGH₵413.3m14.6x14.1x0.2x
Sun, 11 Jan 2026GH₵5.7bGH₵25.3bGH₵468.2m11.7x12.1x0.2x
Tue, 09 Dec 2025GH₵5.6bGH₵25.3bGH₵468.2m11.4x12x0.2x
Thu, 06 Nov 2025GH₵5.6bGH₵26.1bGH₵459.5m11.4x12.1x0.2x
Sat, 04 Oct 2025GH₵5.1bGH₵26.3bGH₵444.3m10.8x11.5x0.2x
Mon, 01 Sep 2025GH₵4.5bGH₵26.3bGH₵444.3m9.7x10.1x0.2x
Wed, 30 Jul 2025GH₵4.2bGH₵26.9bGH₵409.1m10.4x10.2x0.2x
Fri, 27 Jun 2025GH₵3.9bGH₵26.9bGH₵409.1m9.3x9.4x0.1x
Sun, 25 May 2025GH₵3.5bGH₵26.9bGH₵409.1m8.4x8.5x0.1x
Tue, 22 Apr 2025GH₵3.4bGH₵26.4bGH₵393.0m8x8.6x0.1x
Thu, 20 Mar 2025GH₵3.1bGH₵26.4bGH₵388.8m7.4x7.9x0.1x
Sat, 15 Feb 2025GH₵2.1bGH₵26.2bGH₵332.1m9.6x6.4x0.08x
Mon, 13 Jan 2025GH₵2.1bGH₵25.7bGH₵284.3m9.7x7.3x0.08x
Wed, 11 Dec 2024GH₵2.0bGH₵25.7bGH₵284.3m9.7x7.2x0.08x
Fri, 08 Nov 2024GH₵2.0bGH₵25.5bGH₵287.1m9.3x7.1x0.08x
Sun, 06 Oct 2024GH₵2.0bGH₵25.2bGH₵251.9m9.6x7.9x0.08x
Tue, 03 Sep 2024GH₵2.0bGH₵25.2bGH₵251.9m9.6x7.8x0.08x
Thu, 01 Aug 2024GH₵2.0bGH₵26.6bGH₵235.2m9.2x8.4x0.07x
Sat, 29 Jun 2024GH₵1.7bGH₵26.6bGH₵235.2m8.4x7.1x0.06x
Mon, 27 May 2024GH₵1.7bGH₵26.5bGH₵251.0m7.1x6.6x0.06x
Wed, 24 Apr 2024GH₵1.7bGH₵26.5bGH₵241.7m7.3x6.8x0.06x
Fri, 22 Mar 2024GH₵1.7bGH₵26.5bGH₵239.5m7.3x6.9x0.06x
Sun, 18 Feb 2024GH₵1.7bGH₵28.7bGH₵258.7m6.4x6.4x0.06x
Tue, 16 Jan 2024GH₵1.6bGH₵29.0bGH₵272.0m6x5.9x0.05x
Thu, 14 Dec 2023GH₵1.6bGH₵29.0bGH₵272.0m6x5.9x0.05x
Sat, 11 Nov 2023GH₵1.6bGH₵30.2bGH₵297.0m5.3x5.4x0.05x
Mon, 09 Oct 2023GH₵1.6bGH₵30.2bGH₵297.0m5.4x5.4x0.05x
Wed, 06 Sep 2023GH₵1.6bGH₵30.2bGH₵297.0m5.5x5.5x0.05x
Fri, 04 Aug 2023GH₵1.4bGH₵30.1bGH₵286.5m5x4.9x0.05x
Sun, 02 Jul 2023GH₵1.4bGH₵30.1bGH₵286.5m4.9x4.8x0.05x
Tue, 30 May 2023GH₵1.4bGH₵30.1bGH₵286.5m4.9x4.8x0.05x
Thu, 27 Apr 2023GH₵1.4bGH₵24.9bGH₵229.2m6.1x6x0.05x
Sat, 25 Mar 2023GH₵1.4bGH₵24.9bGH₵229.2m6x5.9x0.05x
Mon, 20 Feb 2023GH₵1.2bGH₵24.9bGH₵229.2m5.1x5.1x0.05x
Price to Earnings Ratio

5.1x


Total Market Cap: GH₵1.2bTotal Earnings: GH₵229.2mTotal Revenue: GH₵24.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Ghanaian Energy Sector Price to Earnings3Y Average 7.6x202420252026
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 22% 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 Market5.94%
Energy1.36%
Oil and Gas1.36%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 7.6x.
    • Analysts are expecting annual earnings growth of 1.2%, which is lower than the prior year's growth of 6.8% 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 7.6x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 1.2% over the next 5 years.
  • However this is lower than its past earnings growth rate of 6.8% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
GOIL GOILGH₵3.406.3%
+GH₵78.4m
113.8%PE15.5x

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