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Ghanaian (GSE) Banks Industry Analysis

UpdatedOct 14, 2024
DataAggregated Company Financials
Companies7
  • 7D0.4%
  • 3M5.2%
  • 1Y19.7%
  • YTD23.9%

Over the last 7 days, the Banks industry has remained flat. The past year has been better, since the industry has gained 20% in that time.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 15 Oct 2024GH₵9.1bGH₵13.6bGH₵4.2b2.4x2.1x0.7x
Thu, 12 Sep 2024GH₵8.8bGH₵13.6bGH₵4.2b2.4x2.1x0.6x
Sat, 10 Aug 2024GH₵8.6bGH₵13.3bGH₵4.2b2.3x2.1x0.6x
Mon, 08 Jul 2024GH₵8.5bGH₵12.7bGH₵4.0b2.3x2.1x0.7x
Wed, 05 Jun 2024GH₵9.9bGH₵13.0bGH₵3.6b2.3x2.8x0.8x
Fri, 03 May 2024GH₵9.8bGH₵13.0bGH₵3.6b2.3x2.7x0.8x
Sun, 31 Mar 2024GH₵9.5bGH₵11.2bGH₵2.4b2.8x3.9x0.9x
Tue, 27 Feb 2024GH₵9.0bGH₵5.3b-GH₵993,215,644.0066.1x-9.1x1.7x
Thu, 25 Jan 2024GH₵9.1bGH₵5.5b-GH₵948,760,485.004.7x-9.6x1.7x
Sat, 23 Dec 2023GH₵9.1bGH₵5.5b-GH₵949,077,632.004.7x-9.6x1.7x
Mon, 20 Nov 2023GH₵9.9bGH₵5.5b-GH₵949,182,334.004.7x-10.4x1.8x
Wed, 18 Oct 2023GH₵9.4bGH₵4.6b-GH₵1,216,451,644.007.1x-7.7x2x
Fri, 15 Sep 2023GH₵8.4bGH₵4.6b-GH₵1,216,451,644.007.1x-6.9x1.8x
Sun, 13 Aug 2023GH₵7.8bGH₵4.6b-GH₵1,216,451,644.003.6x-6.4x1.7x
Tue, 11 Jul 2023GH₵7.8bGH₵3.7b-GH₵1,483,677,644.003.9x-5.2x2.1x
Thu, 08 Jun 2023GH₵7.8bGH₵6.1bGH₵454.0m2.7x17.1x1.3x
Sat, 06 May 2023GH₵8.5bGH₵9.1bGH₵2.5b4x3.3x0.9x
Mon, 03 Apr 2023GH₵8.7bGH₵9.2bGH₵2.6b2.5x3.3x0.9x
Wed, 01 Mar 2023GH₵9.7bGH₵9.2bGH₵2.6b3.3x3.7x1.1x
Fri, 27 Jan 2023GH₵10.0bGH₵9.2bGH₵2.6b3.7x3.8x1.1x
Sun, 25 Dec 2022GH₵9.6bGH₵8.7bGH₵2.5b3.4x3.8x1.1x
Tue, 22 Nov 2022GH₵9.7bGH₵8.7bGH₵2.6b3.4x3.8x1.1x
Thu, 20 Oct 2022GH₵9.7bGH₵8.8bGH₵2.7b2.7x3.5x1.1x
Sat, 17 Sep 2022GH₵9.7bGH₵8.7bGH₵2.7b3.1x3.6x1.1x
Mon, 15 Aug 2022GH₵9.8bGH₵8.7bGH₵2.7b2.9x3.6x1.1x
Wed, 13 Jul 2022GH₵10.1bGH₵8.1bGH₵2.5b3.9x4x1.3x
Fri, 10 Jun 2022GH₵10.1bGH₵8.1bGH₵2.6b3.9x4x1.2x
Sun, 08 May 2022GH₵10.2bGH₵8.0bGH₵2.5b3.8x4.1x1.3x
Tue, 05 Apr 2022GH₵10.1bGH₵7.7bGH₵2.5b4.4x4.1x1.3x
Thu, 03 Mar 2022GH₵10.1bGH₵7.4bGH₵2.4b4.3x4.2x1.4x
Sat, 29 Jan 2022GH₵8.5bGH₵6.8bGH₵2.3b3.9x3.7x1.3x
Mon, 27 Dec 2021GH₵8.6bGH₵6.8bGH₵2.3b3.9x3.7x1.3x
Wed, 24 Nov 2021GH₵8.7bGH₵6.8bGH₵2.3b4x3.7x1.3x
Fri, 22 Oct 2021GH₵8.7bGH₵6.5bGH₵2.3b4.1x3.8x1.3x
Price to Earnings Ratio

3.8x


Total Market Cap: GH₵8.7bTotal Earnings: GH₵2.3bTotal Revenue: GH₵6.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Ghanaian Banks Industry Price to Earnings3Y Average 0.7x202220232024
Current Industry PE
  • Investors are optimistic on the Ghanaian Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 2.1x which is higher than its 3-year average PE of 0.70x.
  • The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.67x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 23% per year over the last three years.
  • Revenues for these companies have grown 28% 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 Market-0.51%
Financials0.42%
Banks0.44%
Diversified Banks0.45%
Regional 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 3.6x.
    • 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, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 0.78x.
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
GCB GCB BankGH₵6.152.5%
+GH₵39.8m
75.7%PB0.5x
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Latest News

GCB

GH₵6.15

GCB Bank

7D

2.5%

1Y

75.7%