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Ghanaian (GSE) Banks Industry Analysis

UpdatedDec 01, 2022
DataAggregated Company Financials
Companies8
  • 7D0.04%
  • 3M-0.7%
  • 1Y-9.1%
  • YTD-5.3%

Over the last 7 days, the Banks industry has remained flat. As for the longer term, the industry has declined 9.1% in the last year. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

Has the Ghanaian Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Dec 2022GH₵9.7bGH₵8.7bGH₵2.6b3.4x3.8x1.1x
Sat, 29 Oct 2022GH₵9.7bGH₵8.8bGH₵2.7b2.9x3.6x1.1x
Mon, 26 Sep 2022GH₵9.6bGH₵8.7bGH₵2.7b2.9x3.5x1.1x
Wed, 24 Aug 2022GH₵9.6bGH₵8.8bGH₵2.7b2.8x3.5x1.1x
Fri, 22 Jul 2022GH₵9.8bGH₵8.1bGH₵2.5b3.7x3.9x1.2x
Sun, 19 Jun 2022GH₵10.1bGH₵8.1bGH₵2.5b3.9x4x1.2x
Tue, 17 May 2022GH₵10.2bGH₵8.0bGH₵2.5b3.8x4.1x1.3x
Thu, 14 Apr 2022GH₵10.2bGH₵7.7bGH₵2.5b4x4.1x1.3x
Sat, 12 Mar 2022GH₵10.1bGH₵7.5bGH₵2.5b4.3x4.1x1.3x
Mon, 07 Feb 2022GH₵8.5bGH₵6.8bGH₵2.3b3.9x3.7x1.3x
Wed, 05 Jan 2022GH₵8.6bGH₵6.8bGH₵2.3b3.9x3.7x1.3x
Fri, 03 Dec 2021GH₵8.7bGH₵6.8bGH₵2.3b4x3.7x1.3x
Sun, 31 Oct 2021GH₵8.7bGH₵6.8bGH₵2.3b4x3.8x1.3x
Tue, 28 Sep 2021GH₵8.5bGH₵6.5bGH₵2.3b4.1x3.7x1.3x
Thu, 26 Aug 2021GH₵9.8bGH₵7.1bGH₵2.4b4.1x4.1x1.4x
Fri, 02 Jul 2021GH₵9.3bGH₵7.1bGH₵2.4b4.1x3.9x1.3x
Mon, 05 Apr 2021GH₵9.0bGH₵6.8bGH₵2.3b3.9x4x1.3x
Thu, 07 Jan 2021GH₵8.6bGH₵6.6bGH₵2.1b3.7x4x1.3x
Wed, 30 Sep 2020GH₵8.2bGH₵6.4bGH₵2.0b3.9x4.1x1.3x
Sat, 04 Jul 2020GH₵8.3bGH₵6.0bGH₵1.9b4.4x4.4x1.4x
Tue, 07 Apr 2020GH₵9.1bGH₵5.8bGH₵1.8b4.4x5.1x1.6x
Fri, 10 Jan 2020GH₵9.6bGH₵5.5bGH₵1.7b5.4x5.8x1.8x
Price to Earnings Ratio

5.7x


Total Market Cap: GH₵8.3bTotal Earnings: GH₵1.4bTotal Revenue: GH₵5.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Ghanaian Banks Industry Price to Earnings3Y Average 4.2x202020212022
Current Industry PE
  • Investors are pessimistic on the Ghanaian Banks 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 3.8x which is lower than its 3-year average PE of 4.2x.
  • The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 21% per year over the last three years.
  • Revenues for these companies have grown 19% 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 industry?

GH Market0.0079%
Financials0.017%
Banks0.036%
Regional Banks2.70%
Diversified Banks0%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 5.1x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 4.2x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings decline of 5.9% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 14% 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
TBL Trust BankGH₵0.762.7%
+GH₵4.0m
n/aPB0.6x
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Latest News

TBL

GH₵0.76

Trust Bank

7D

2.7%

1Y

n/a