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Ghanaian (GSE) Banks Industry Analysis
UpdatedMar 14, 2025
DataAggregated Company Financials
Companies8
- 7D1.4%
- 3M11.7%
- 1Y28.1%
- YTD10.6%
Over the last 7 days, the Banks industry has risen 1.8%, driven by gains from every company within the industry. This takes the industry's 12 month performance to a gain of 28%.
Industry Valuation and Performance
Has the Ghanaian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 14 Mar 2025 | GH₵12.7b | GH₵15.5b | GH₵4.2b | 2x | 3x | 0.8x |
| Sun, 09 Feb 2025 | GH₵11.1b | GH₵14.2b | GH₵3.7b | 2.2x | 3x | 0.8x |
| Tue, 07 Jan 2025 | GH₵11.3b | GH₵14.4b | GH₵3.7b | 2.5x | 3x | 0.8x |
| Thu, 05 Dec 2024 | GH₵11.2b | GH₵14.4b | GH₵3.7b | 2.5x | 3x | 0.8x |
| Sat, 02 Nov 2024 | GH₵11.0b | GH₵14.4b | GH₵3.7b | 2.4x | 3x | 0.8x |
| Mon, 30 Sep 2024 | GH₵9.0b | GH₵13.6b | GH₵4.2b | 2.4x | 2.1x | 0.7x |
| Wed, 28 Aug 2024 | GH₵8.8b | GH₵13.6b | GH₵4.2b | 2.5x | 2.1x | 0.6x |
| Fri, 26 Jul 2024 | GH₵8.5b | GH₵12.7b | GH₵4.0b | 2.3x | 2.1x | 0.7x |
| Sun, 23 Jun 2024 | GH₵10.1b | GH₵13.0b | GH₵3.6b | 2.3x | 2.8x | 0.8x |
| Tue, 21 May 2024 | GH₵9.8b | GH₵12.9b | GH₵3.5b | 2.3x | 2.8x | 0.8x |
| Thu, 18 Apr 2024 | GH₵9.8b | GH₵12.4b | GH₵3.3b | 2.8x | 3x | 0.8x |
| Sat, 16 Mar 2024 | GH₵9.5b | GH₵7.4b | GH₵536.0m | 4.7x | 17.6x | 1.3x |
| Mon, 12 Feb 2024 | GH₵9.0b | GH₵5.3b | -GH₵993,215,644.00 | 66.1x | -9x | 1.7x |
| Wed, 10 Jan 2024 | GH₵9.1b | GH₵5.5b | -GH₵949,089,760.00 | 4.7x | -9.6x | 1.7x |
| Fri, 08 Dec 2023 | GH₵9.3b | GH₵5.5b | -GH₵949,173,106.00 | 4.7x | -9.8x | 1.7x |
| Sun, 05 Nov 2023 | GH₵9.6b | GH₵4.9b | -GH₵1,158,236,109.00 | 4.7x | -8.3x | 2x |
| Tue, 03 Oct 2023 | GH₵9.0b | GH₵4.6b | -GH₵1,216,451,644.00 | 7.1x | -7.4x | 1.9x |
| Thu, 31 Aug 2023 | GH₵7.8b | GH₵4.6b | -GH₵1,216,451,644.00 | 5x | -6.4x | 1.7x |
| Sat, 29 Jul 2023 | GH₵7.9b | GH₵3.8b | -GH₵1,475,541,644.00 | 4.7x | -5.4x | 2.1x |
| Mon, 26 Jun 2023 | GH₵7.8b | GH₵3.9b | -GH₵1,455,354,896.00 | 4.8x | -5.4x | 2x |
| Wed, 24 May 2023 | GH₵7.8b | GH₵7.3b | GH₵1.6b | 4.8x | 4.8x | 1.1x |
| Fri, 21 Apr 2023 | GH₵8.5b | GH₵9.1b | GH₵2.5b | 4x | 3.3x | 0.9x |
| Sun, 19 Mar 2023 | GH₵9.0b | GH₵9.2b | GH₵2.6b | 2.5x | 3.4x | 1x |
| Tue, 14 Feb 2023 | GH₵9.7b | GH₵9.2b | GH₵2.6b | 3.3x | 3.7x | 1.1x |
| Thu, 12 Jan 2023 | GH₵10.1b | GH₵9.1b | GH₵2.6b | 3.7x | 3.9x | 1.1x |
| Sat, 10 Dec 2022 | GH₵9.7b | GH₵8.7b | GH₵2.6b | 3.4x | 3.8x | 1.1x |
| Mon, 07 Nov 2022 | GH₵9.7b | GH₵8.9b | GH₵2.6b | 2.7x | 3.7x | 1.1x |
| Wed, 05 Oct 2022 | GH₵9.7b | GH₵8.8b | GH₵2.7b | 2.9x | 3.5x | 1.1x |
| Fri, 02 Sep 2022 | GH₵9.7b | GH₵8.8b | GH₵2.7b | 3x | 3.6x | 1.1x |
| Sun, 31 Jul 2022 | GH₵9.8b | GH₵6.4b | GH₵2.6b | 3.6x | 3.7x | 1.5x |
| Tue, 28 Jun 2022 | GH₵10.1b | GH₵8.1b | GH₵2.5b | 3.9x | 4x | 1.2x |
| Thu, 26 May 2022 | GH₵10.2b | GH₵8.0b | GH₵2.5b | 3.8x | 4.1x | 1.3x |
| Sat, 23 Apr 2022 | GH₵10.2b | GH₵7.7b | GH₵2.5b | 4x | 4.1x | 1.3x |
| Mon, 21 Mar 2022 | GH₵10.1b | GH₵7.6b | GH₵2.4b | 4.4x | 4.2x | 1.3x |
Price to Earnings Ratio
4.2x
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 3.0x which is higher than its 3-year average PE of 0.58x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.82x.
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 27% 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 | 0.58% | |
| Financials | 1.65% | |
| Banks | 1.41% | |
| Diversified Banks | 1.41% | |
| Regional Banks | 0% | 0 |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 0.67x.
- 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 0.67x.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CAL CalBank | GH₵0.79 | 12.9% +GH₵97.4m | 64.6% | PB3.1x | |
| SOGEGH Societe Generale Ghana | GH₵1.58 | 5.3% +GH₵56.7m | 0.6% | PB0.5x | |
| EGH Ecobank Ghana | GH₵6.35 | 0.8% +GH₵16.1m | 4.1% | PB0.4x | |
| GCB GCB Bank | GH₵6.55 | 0.3% +GH₵5.3m | 91.5% | PB0.4x | |
| SCB Standard Chartered Bank Ghana | GH₵25.52 | 0.08% +GH₵2.7m | 32.6% | PB1.7x |