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Ghanaian (GSE) Financials Sector Analysis

UpdatedJul 20, 2025
DataAggregated Company Financials
Companies12
  • 7D0.8%
  • 3M23.5%
  • 1Y68.9%
  • YTD43.2%

Over the last 7 days, the Financials industry has remained flat, although notably Republic Bank (Ghana) gained 14%. The past year has been better, since the industry has gained 69% in that time.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 20 Jul 2025GH₵17.7bGH₵18.4bGH₵5.1b2.9x3.5x1x
Tue, 17 Jun 2025GH₵16.3bGH₵18.4bGH₵5.0b2.5x3.2x0.9x
Thu, 15 May 2025GH₵14.8bGH₵18.2bGH₵5.0b2.7x3x0.8x
Sat, 12 Apr 2025GH₵13.9bGH₵17.4bGH₵4.8b2.1x2.9x0.8x
Mon, 10 Mar 2025GH₵13.2bGH₵17.7bGH₵4.4b2x3x0.7x
Wed, 05 Feb 2025GH₵11.7bGH₵16.6bGH₵3.9b2.2x3x0.7x
Fri, 03 Jan 2025GH₵11.8bGH₵16.8bGH₵3.9b2.5x3x0.7x
Sun, 01 Dec 2024GH₵11.7bGH₵16.6bGH₵3.9b2.5x3x0.7x
Tue, 29 Oct 2024GH₵11.3bGH₵15.8bGH₵3.7b2.4x3.1x0.7x
Thu, 26 Sep 2024GH₵9.5bGH₵15.0bGH₵4.3b2.6x2.2x0.6x
Sat, 24 Aug 2024GH₵9.2bGH₵15.0bGH₵4.3b2.5x2.1x0.6x
Mon, 22 Jul 2024GH₵8.8bGH₵14.4bGH₵4.1b2.1x2.1x0.6x
Wed, 19 Jun 2024GH₵10.6bGH₵14.9bGH₵3.7b2.5x2.8x0.7x
Fri, 17 May 2024GH₵10.2bGH₵14.7bGH₵3.7b2.5x2.8x0.7x
Sun, 14 Apr 2024GH₵10.1bGH₵14.3bGH₵3.5b2.7x2.9x0.7x
Tue, 12 Mar 2024GH₵9.9bGH₵7.2b-GH₵809,347,297.003.7x-12.3x1.4x
Thu, 08 Feb 2024GH₵9.4bGH₵7.2b-GH₵809,347,297.003.7x-11.6x1.3x
Sat, 06 Jan 2024GH₵9.6bGH₵6.9b-GH₵815,206,854.003.7x-11.8x1.4x
Mon, 04 Dec 2023GH₵10.1bGH₵6.9b-GH₵815,040,684.003.7x-12.4x1.5x
Wed, 01 Nov 2023GH₵10.0bGH₵6.0b-GH₵1,108,009,414.003x-9x1.7x
Fri, 29 Sep 2023GH₵9.4bGH₵6.0b-GH₵1,086,091,414.003x-8.7x1.6x
Sun, 27 Aug 2023GH₵8.3bGH₵6.0b-GH₵1,086,091,414.003x-7.6x1.4x
Tue, 25 Jul 2023GH₵8.4bGH₵5.2b-GH₵1,284,172,442.002.7x-6.5x1.6x
Thu, 22 Jun 2023GH₵8.3bGH₵5.4b-GH₵1,319,082,886.004x-6.3x1.5x
Sat, 20 May 2023GH₵8.3bGH₵8.9bGH₵1.7b4.8x4.8x0.9x
Mon, 17 Apr 2023GH₵9.3bGH₵10.8bGH₵2.8b2.5x3.4x0.9x
Wed, 15 Mar 2023GH₵9.8bGH₵10.8bGH₵2.8b3.3x3.5x0.9x
Fri, 10 Feb 2023GH₵10.4bGH₵10.8bGH₵2.8b3.3x3.7x1x
Sun, 08 Jan 2023GH₵10.7bGH₵10.7bGH₵2.8b3.7x3.9x1x
Tue, 06 Dec 2022GH₵10.9bGH₵10.8bGH₵2.8b3.7x3.9x1x
Thu, 03 Nov 2022GH₵10.9bGH₵10.8bGH₵2.8b3x3.8x1x
Sat, 01 Oct 2022GH₵10.9bGH₵10.7bGH₵2.9b3.1x3.7x1x
Mon, 29 Aug 2022GH₵10.7bGH₵10.7bGH₵2.9b3.1x3.7x1x
Wed, 27 Jul 2022GH₵11.0bGH₵10.0bGH₵2.7b3.9x4.1x1.1x
Price to Earnings Ratio

4.1x


Total Market Cap: GH₵11.0bTotal Earnings: GH₵2.7bTotal Revenue: GH₵10.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Ghanaian Financials Sector Price to Earnings3Y Average -0.2x202320242025
Current Industry PE
  • Investors are pessimistic on the Ghanaian Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 3.5x which is higher than its 3-year average PE of -0.25x.
  • The industry is trading close to its 3-year average PS ratio of 0.99x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 23% per year over the last three years.
  • Revenues for these companies have grown 23% 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 Financials sector?

GH Market-0.34%
Financials0.82%
Banks0.87%
Mortgage Finance0%0
Capital Markets0%0
Insurance-0.28%
Industry PE
  • Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 0.47x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Insurance industry, which is trading below its 3-year average of 2.9x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
RBGH Republic Bank (Ghana)GH₵0.9013.9%
+GH₵93.7m
87.5%PB0.7x
TBL Trust BankGH₵1.009.9%
+GH₵36.0m
n/aPB1.8x
SCB Standard Chartered Bank GhanaGH₵28.000.4%
+GH₵16.2m
39.7%PB1.7x

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