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Ghanaian (GSE) Telecom Sector Analysis
UpdatedJul 03, 2025
DataAggregated Company Financials
Companies1
- 7D1.7%
- 3M-2.9%
- 1Y60.2%
- YTD19.2%
In the last week, Telecom has been flat. The past year has been better, since the industry has gained 58% in that time. Earnings are forecast to grow by 18% annually.
Sector Valuation and Performance
Has the Ghanaian Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 04 Jul 2025 | GH₵38.8b | GH₵19.5b | GH₵5.6b | 6.9x | 6.9x | 2x |
| Sun, 01 Jun 2025 | GH₵39.4b | GH₵19.5b | GH₵5.6b | 7x | 7x | 2x |
| Tue, 29 Apr 2025 | GH₵39.7b | GH₵18.0b | GH₵5.0b | 7.9x | 7.9x | 2.2x |
| Thu, 27 Mar 2025 | GH₵40.4b | GH₵18.0b | GH₵5.0b | 8.4x | 8x | 2.2x |
| Sat, 22 Feb 2025 | GH₵38.4b | GH₵16.4b | GH₵5.0b | 7.7x | 7.7x | 2.3x |
| Mon, 20 Jan 2025 | GH₵35.1b | GH₵16.4b | GH₵5.0b | 7.1x | 7.1x | 2.1x |
| Wed, 18 Dec 2024 | GH₵31.5b | GH₵16.4b | GH₵5.0b | 6.5x | 6.3x | 1.9x |
| Fri, 15 Nov 2024 | GH₵30.8b | GH₵16.4b | GH₵5.0b | 6.3x | 6.2x | 1.9x |
| Sun, 13 Oct 2024 | GH₵28.5b | GH₵15.3b | GH₵4.6b | 6.2x | 6.2x | 1.9x |
| Tue, 10 Sep 2024 | GH₵28.9b | GH₵15.3b | GH₵4.6b | 6.3x | 6.3x | 1.9x |
| Thu, 08 Aug 2024 | GH₵31.1b | GH₵15.3b | GH₵4.6b | 6.6x | 6.8x | 2x |
| Sat, 06 Jul 2024 | GH₵24.6b | GH₵14.3b | GH₵4.3b | 5.8x | 5.7x | 1.7x |
| Mon, 03 Jun 2024 | GH₵23.8b | GH₵14.3b | GH₵4.3b | 5.5x | 5.5x | 1.7x |
| Wed, 01 May 2024 | GH₵21.7b | GH₵13.4b | GH₵4.0b | 5.8x | 5.5x | 1.6x |
| Fri, 29 Mar 2024 | GH₵20.9b | GH₵13.4b | GH₵4.0b | 5.3x | 5.3x | 1.6x |
| Sun, 25 Feb 2024 | GH₵17.2b | GH₵12.5b | GH₵3.5b | 4.9x | 4.9x | 1.4x |
| Tue, 23 Jan 2024 | GH₵17.2b | GH₵12.5b | GH₵3.5b | 4.9x | 4.9x | 1.4x |
| Thu, 21 Dec 2023 | GH₵16.6b | GH₵12.5b | GH₵3.5b | 4.9x | 4.7x | 1.3x |
| Sat, 18 Nov 2023 | GH₵17.2b | GH₵10.5b | GH₵2.9b | 5.9x | 5.9x | 1.6x |
| Mon, 16 Oct 2023 | GH₵17.2b | GH₵10.5b | GH₵2.9b | 5.9x | 6x | 1.6x |
| Wed, 13 Sep 2023 | GH₵17.8b | GH₵10.5b | GH₵2.9b | 6.2x | 6.2x | 1.7x |
| Fri, 11 Aug 2023 | GH₵18.8b | GH₵10.5b | GH₵2.9b | 6.5x | 6.5x | 1.8x |
| Sun, 09 Jul 2023 | GH₵17.8b | GH₵10.5b | GH₵2.9b | 6.2x | 6.2x | 1.7x |
| Tue, 06 Jun 2023 | GH₵13.4b | GH₵10.5b | GH₵2.9b | 4.6x | 4.6x | 1.3x |
| Thu, 04 May 2023 | GH₵15.4b | GH₵9.9b | GH₵2.9b | 5.4x | 5.4x | 1.6x |
| Sat, 01 Apr 2023 | GH₵15.4b | GH₵9.9b | GH₵2.9b | 5.4x | 5.4x | 1.6x |
| Mon, 27 Feb 2023 | GH₵11.3b | GH₵9.3b | GH₵2.7b | 4.2x | 4.2x | 1.2x |
| Wed, 25 Jan 2023 | GH₵10.8b | GH₵9.3b | GH₵2.7b | 4x | 4x | 1.2x |
| Fri, 23 Dec 2022 | GH₵10.8b | GH₵9.3b | GH₵2.7b | 4x | 4x | 1.2x |
| Sun, 20 Nov 2022 | GH₵10.8b | GH₵8.8b | GH₵2.5b | 4.4x | 4.4x | 1.2x |
| Tue, 18 Oct 2022 | GH₵10.8b | GH₵8.8b | GH₵2.5b | 4.4x | 4.4x | 1.2x |
| Thu, 15 Sep 2022 | GH₵11.2b | GH₵8.8b | GH₵2.5b | 4.5x | 4.5x | 1.3x |
| Sat, 13 Aug 2022 | GH₵11.7b | GH₵8.3b | GH₵2.2b | 5.2x | 5.2x | 1.4x |
| Mon, 11 Jul 2022 | GH₵11.1b | GH₵8.3b | GH₵2.2b | 4.9x | 4.9x | 1.3x |
Price to Earnings Ratio
4.9x
Current Industry PE
- There is only one company in the Ghanaian Communication Services industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have grown 36% per year over the last three years.
- Revenues for these companies have grown 33% 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 Telecom sector?
| GH Market | 1.89% | |
| Telecom | 1.71% | |
| Wireless Telecom | 1.71% | |
| Media | 0% | 0 |
Industry PE
- Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 5.7x.
- Analysts are expecting annual earnings growth of 17.5%, which is lower than the prior year's growth of 29.3% per year.
- Investors are most pessimistic about the Wireless Telecom industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.7x.
Forecasted Growth
- Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 18% over the next 5 years.
- However this is lower than its past earnings growth rate of 29% per year.
- In contrast, the Wireless Telecom industry is expected to see its earnings grow by 18% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MTNGH Scancom | GH₵2.98 | 1.7% +GH₵661.8m | 60.2% | PE7x |