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Ghanaian (GSE) Oil and Gas Industry Analysis

UpdatedMar 19, 2026
DataAggregated Company Financials
Companies2
  • 7D1.6%
  • 3M31.6%
  • 1Y141.6%
  • YTD31.2%

In the last week, the Oil and Gas industry is up 8.7%, with GOIL up 15%. In the last 12 months, the industry was up 139%. Earnings are forecast to grow by 1.2% annually.

Industry Valuation and Performance

Has the Ghanaian Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Mar 2026GH₵7.5bGH₵23.7bGH₵413.3m24.2x18x0.3x
Sat, 14 Feb 2026GH₵5.8bGH₵23.7bGH₵413.3m15.1x14.1x0.2x
Mon, 12 Jan 2026GH₵5.7bGH₵25.3bGH₵468.2m11.7x12.1x0.2x
Wed, 10 Dec 2025GH₵5.6bGH₵25.3bGH₵468.2m11.4x12x0.2x
Fri, 07 Nov 2025GH₵5.6bGH₵26.1bGH₵459.5m11.4x12.1x0.2x
Sun, 05 Oct 2025GH₵5.1bGH₵26.3bGH₵444.3m10.8x11.5x0.2x
Tue, 02 Sep 2025GH₵4.5bGH₵26.3bGH₵444.3m9.7x10.1x0.2x
Thu, 31 Jul 2025GH₵4.4bGH₵26.9bGH₵409.1m10.4x10.8x0.2x
Sat, 28 Jun 2025GH₵3.9bGH₵26.9bGH₵409.1m9.3x9.4x0.1x
Mon, 26 May 2025GH₵3.5bGH₵26.9bGH₵409.1m8.4x8.5x0.1x
Wed, 23 Apr 2025GH₵3.4bGH₵26.4bGH₵393.0m8x8.6x0.1x
Fri, 21 Mar 2025GH₵3.1bGH₵26.4bGH₵388.8m7.4x7.9x0.1x
Sun, 16 Feb 2025GH₵2.1bGH₵26.4bGH₵388.8m5.7x5.5x0.08x
Tue, 14 Jan 2025GH₵2.1bGH₵25.7bGH₵284.3m9.7x7.3x0.08x
Thu, 12 Dec 2024GH₵2.0bGH₵25.7bGH₵284.3m9.7x7.2x0.08x
Sat, 09 Nov 2024GH₵2.0bGH₵25.5bGH₵287.1m9.3x7.1x0.08x
Mon, 07 Oct 2024GH₵2.0bGH₵25.2bGH₵251.9m9.6x7.9x0.08x
Wed, 04 Sep 2024GH₵2.0bGH₵25.2bGH₵251.9m9.6x7.8x0.08x
Fri, 02 Aug 2024GH₵2.0bGH₵26.9bGH₵259.1m8.7x7.6x0.07x
Sun, 30 Jun 2024GH₵1.7bGH₵26.6bGH₵235.2m8.4x7.1x0.06x
Tue, 28 May 2024GH₵1.7bGH₵26.5bGH₵251.0m7.1x6.6x0.06x
Thu, 25 Apr 2024GH₵1.7bGH₵26.5bGH₵241.7m7.3x6.8x0.06x
Sat, 23 Mar 2024GH₵1.7bGH₵26.5bGH₵239.5m7.3x6.9x0.06x
Mon, 19 Feb 2024GH₵1.7bGH₵28.7bGH₵258.7m6.4x6.4x0.06x
Wed, 17 Jan 2024GH₵1.6bGH₵29.0bGH₵272.0m6x5.9x0.05x
Fri, 15 Dec 2023GH₵1.6bGH₵29.0bGH₵272.0m6x5.9x0.05x
Sun, 12 Nov 2023GH₵1.6bGH₵30.2bGH₵297.0m5.3x5.4x0.05x
Tue, 10 Oct 2023GH₵1.6bGH₵30.2bGH₵297.0m5.4x5.4x0.05x
Thu, 07 Sep 2023GH₵1.6bGH₵30.2bGH₵297.0m5.5x5.5x0.05x
Sat, 05 Aug 2023GH₵1.4bGH₵30.1bGH₵286.5m5x4.9x0.05x
Mon, 03 Jul 2023GH₵1.4bGH₵30.1bGH₵286.5m4.9x4.8x0.05x
Wed, 31 May 2023GH₵1.4bGH₵30.1bGH₵286.5m4.9x4.8x0.05x
Fri, 28 Apr 2023GH₵1.4bGH₵24.9bGH₵229.2m6.1x6x0.05x
Sun, 26 Mar 2023GH₵1.4bGH₵24.9bGH₵229.2m6x5.9x0.05x
Price to Earnings Ratio

5.9x


Total Market Cap: GH₵1.4bTotal Earnings: GH₵229.2mTotal Revenue: GH₵24.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Ghanaian Oil and Gas Industry Price to Earnings3Y Average 7.9x202420252026
Current Industry PE
    There are only 2 companies in the Ghanaian Oil and Gas 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 Oil and Gas 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 industry?

GH Market0.62%
Energy1.57%
Oil and Gas1.57%
Oil and Gas Storage and Transportation5.10%
Oil and Gas Refining and Marketing-0.65%
Industry PE
  • Investors are most optimistic about the Oil and Gas Storage and Transportation industry which is trading above its 3-year average PE ratio of 9.0x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Oil and Gas Refining and Marketing industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.7x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 1.2% over the next 5 years.
  • In contrast, the Oil and Gas Refining and Marketing 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₵7.635.1%
+GH₵145.0m
373.9%PE34.8x

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