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Ghanaian (GSE) Banks Industry Analysis

UpdatedSep 26, 2023
DataAggregated Company Financials
Companies9
  • 7D0.8%
  • 3M13.9%
  • 1Y-12.5%
  • YTD-8.5%

The Banks industry is up 1.1% in the last week, with Ecobank Ghana up 7.9%. During this same period, the CalBank underperformed, falling 5.5%. However, the industry is down 12% over the past year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 Sep 2023GH₵8.9bGH₵4.6b-GH₵1,216,451,644.007.1x-7.3x1.9x
Thu, 24 Aug 2023GH₵7.7bGH₵4.6b-GH₵1,216,451,644.004x-6.3x1.7x
Sat, 22 Jul 2023GH₵7.8bGH₵3.8b-GH₵1,475,541,644.004.3x-5.3x2x
Mon, 19 Jun 2023GH₵7.8bGH₵3.9b-GH₵1,455,555,593.004.8x-5.4x2x
Wed, 17 May 2023GH₵8.0bGH₵7.3bGH₵1.6b4.8x4.9x1.1x
Fri, 14 Apr 2023GH₵8.7bGH₵9.2bGH₵2.6b2.5x3.3x0.9x
Sun, 12 Mar 2023GH₵9.2bGH₵9.2bGH₵2.6b3.3x3.5x1x
Tue, 07 Feb 2023GH₵9.9bGH₵9.2bGH₵2.6b3.3x3.8x1.1x
Thu, 05 Jan 2023GH₵10.1bGH₵9.1bGH₵2.6b3.7x3.9x1.1x
Sat, 03 Dec 2022GH₵9.7bGH₵8.7bGH₵2.6b3.4x3.8x1.1x
Mon, 31 Oct 2022GH₵9.7bGH₵9.1bGH₵2.8b2.6x3.4x1.1x
Wed, 28 Sep 2022GH₵9.7bGH₵8.7bGH₵2.7b2.9x3.6x1.1x
Fri, 26 Aug 2022GH₵9.6bGH₵8.8bGH₵2.7b2.8x3.5x1.1x
Sun, 24 Jul 2022GH₵9.8bGH₵8.1bGH₵2.5b3.7x3.9x1.2x
Tue, 21 Jun 2022GH₵10.1bGH₵8.1bGH₵2.5b3.9x4x1.2x
Thu, 19 May 2022GH₵10.2bGH₵8.0bGH₵2.5b3.8x4.1x1.3x
Sat, 16 Apr 2022GH₵10.2bGH₵7.7bGH₵2.5b4x4.1x1.3x
Mon, 14 Mar 2022GH₵10.1bGH₵7.5bGH₵2.5b4.3x4.1x1.3x
Wed, 09 Feb 2022GH₵8.5bGH₵6.8bGH₵2.3b3.9x3.7x1.3x
Fri, 07 Jan 2022GH₵8.6bGH₵6.8bGH₵2.3b3.9x3.7x1.3x
Sun, 05 Dec 2021GH₵8.6bGH₵6.8bGH₵2.3b4x3.7x1.3x
Tue, 02 Nov 2021GH₵8.7bGH₵6.8bGH₵2.3b4x3.8x1.3x
Thu, 30 Sep 2021GH₵8.5bGH₵6.5bGH₵2.3b4.1x3.7x1.3x
Sat, 28 Aug 2021GH₵9.8bGH₵7.1bGH₵2.4b4.1x4.1x1.4x
Sun, 04 Jul 2021GH₵9.3bGH₵7.1bGH₵2.4b4.1x3.9x1.3x
Wed, 07 Apr 2021GH₵9.0bGH₵6.8bGH₵2.3b3.9x4x1.3x
Sat, 09 Jan 2021GH₵8.6bGH₵6.6bGH₵2.1b3.7x4x1.3x
Fri, 02 Oct 2020GH₵8.2bGH₵6.4bGH₵2.0b3.9x4.1x1.3x
Price to Earnings Ratio

4.1x


Total Market Cap: GH₵8.2bTotal Earnings: GH₵2.0bTotal Revenue: GH₵6.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Ghanaian Banks Industry Price to Earnings3Y Average 2.8x202120222023
Current Industry PE
  • Investors are optimistic on the Ghanaian Banks industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • Total earnings for the Banks industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 10% per year, which is driving profits down.

Industry Trends

Which industries have driven the changes within the Ghanaian Financials industry?

GH Market0.23%
Financials0.79%
Banks0.84%
Diversified Banks0.85%
Regional Banks0%
Industry PE
    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
    EGH Ecobank GhanaGH₵4.103.0%
    +GH₵38.7m
    -38.5%PB0.4x
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    Latest News

    CAL

    GH₵0.52

    CalBank

    7D

    -5.5%

    1Y

    -35.0%

    EGH

    GH₵4.10

    Ecobank Ghana

    7D

    3.0%

    1Y

    -38.5%