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Ecobank GhanaXGHA:EGH 66 Debt-to-Equity is 0.74 as of Mar. 2026, which is 1133% above its 10-year median of 0.06. GuruFocus rates XGHA:EGH with a GF Score™ of 66/100 and a GF Value™ of GHS10.33 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,411 Banks companies, Ecobank Ghana ranks better than 94.68% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Ecobank Ghana's Debt-to-Equity or its related term are showing as below:
XGHA:EGH'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.06 Max: 0.24
Current: 0.05
During the past 13 years, the highest Debt-to-Equity Ratio of Ecobank Ghana was 0.24. The lowest was 0.02. And the median was 0.06.
XGHA:EGH's Debt-to-Equity is ranked better than 94.68% of 1411
companies
in the Banks industry
Industry Median: 0.58
vs XGHA:EGH: 0.05
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Ecobank Ghana Debt-to-Equity Related Terms
Ecobank Ghana Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Ecobank Ghana's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, Ecobank Ghana's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ecobank Ghana Debt-to-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Ecobank Ghana's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Ecobank Ghana's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ecobank Ghana (XGHA:EGH) has a Debt-to-Equity of 0.74 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ecobank Ghana and its competitors. This is 1133% above median its historical median of 0.06. Over the past decade, Ecobank Ghana's Debt-to-Equity has ranged from 0.02 to 0.24. According to the industry distribution chart, Ecobank Ghana ranks #75 out of 1411 companies in the Banks industry, placing it in the top 5.3%.
Is Ecobank Ghana's Debt-to-Equity too high?
Ecobank Ghana's current Debt-to-Equity of 0.74 is 1133% above median its 10-year median of 0.06. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.24. The Banks industry median Debt-to-Equity is 0.58. Ecobank Ghana's value of 0.74 is 27.6% above this industry median. Based on the distribution chart, Ecobank Ghana ranks #75 out of 1411 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Ecobank Ghana has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ecobank Ghana's Debt-to-Equity compare to competitors?
According to the Banks industry distribution chart, Ecobank Ghana ranks #75 out of 1411 companies for Debt-to-Equity. This places Ecobank Ghana in the top 5% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.58. Ecobank Ghana's value of 0.74 is 27.6% above this benchmark. Historically, Ecobank Ghana's own Debt-to-Equity has ranged from 0.02 to 0.24 over the past decade. While the company's 10-year median is 0.06 vs. the industry median of 0.58, Ecobank Ghana has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Banks company?
The median Debt-to-Equity among Banks companies is 0.58, based on 1,411 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ecobank Ghana's current Debt-to-Equity of 0.74 is 27.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ecobank Ghana and its competitors. For the Banks industry, the median Debt-to-Equity is 0.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecobank Ghana's current Debt-to-Equity is 0.74, which is 1133% above median its own 10-year median of 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecobank Ghana stock overvalued right now?
Based on GuruFocus' analysis, Ecobank Ghana (XGHA:EGH) is currently considered Significantly Overvalued. The stock's GF Value™ is GHS10.33, compared to a current price of GHS38.00 — trading 267.9% above its estimated fair value. The current Debt-to-Equity is 0.74, which is 1133% above median its 10-year median of 0.06 and 27.6% above the Banks industry median of 0.58. Ecobank Ghana's overall GF Score™ is 66/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Ecobank Ghana (XGHA:EGH), the current Debt-to-Equity is 0.74 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ecobank Ghana (XGHA:EGH) Overvalued in 2026?
Based on GuruFocus' analysis, Ecobank Ghana stock appears to be overvalued.
The current stock price of GHS38.00 is trading 267.9% above its estimated GF Value™ of GHS10.33.
GuruFocus considers Ecobank Ghana to be Significantly Overvalued.
Key valuation signals for XGHA:EGH:
Debt-to-Equity: 0.74 (1133% above median its 10-year median of 0.06)
GF Value™: GHS10.33 vs. price of GHS38.00 (267.9% above fair value)
Industry Position: 27.6% above the Banks median (#75 of 1411)
No single metric tells the full story. See the XGHA:EGH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ecobank Ghana Ltd is a commercial banking corporation based in Ghana. Its service offering includes retail, corporate, and investment banking products. The bank functions through three operating segments namely Consumer banking focused on individuals who are grouped into a premier, advantage (personal banking), and classic & youth banking (direct banking); Commercial Banking focused on Business Banking and Medium Local Corporates such as SMEs, Medium Local corporates and Non-government public sector (schools, faith, NGOs & professional bodies); and Corporate banking specializes in serving the public sector, multinational institutions, financial institutions/international organizations and the Regional Corporate segment of the market.
66GF Score
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