Ghana Oil Co (XGHA:GOIL) EBIT: GHS237 Mil (TTM As of Dec. 2025)

What is Ghana Oil Co EBIT?

Ghana Oil Co XGHA:GOIL 77 EBIT is GHS237 Mil as of Dec. 2025. GuruFocus rates XGHA:GOIL with a GF Score™ of 77/100 and a GF Value™ of GHS1.51 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Ghana Oil Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was GHS237 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was GHS237 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ghana Oil Co's annualized ROC % for the quarter that ended in Dec. 2025 was 5.53%. Ghana Oil Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 13.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ghana Oil Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.88%.

Ghana Oil Co (XGHA:GOIL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Ghana Oil Co's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

	ROC % (Q: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2024 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	190.194 * ( 1 - 26.5% )	/	( (2651.186	+	2404.01)	/ 2 )
=	139.79259	/	2527.598
=	5.53 %

where

	Invested Capital		(Q: Dec. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	4808.209	-	2623.895	-	( 210.348	-	max(0, 3613.767	-	3146.895	+	210.348	))
=	2651.186

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	4881.934	-	3067.833	-	( 262.938	-	max(0, 3634.449	-	3044.54	+	262.938	))
=	2404.01

Note: The Operating Income data used here is one times the annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Ghana Oil Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2024		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	237.304	/	( ( (1641.855 + max(-240.976, 0))	+	(1789.751 + max(-757.347, 0)) )	/	2 )
=	237.304	/	( ( 1641.855	+	1789.751 )	/	2 )
=	237.304	/	1715.803
=	13.83 %

where Working Capital is:

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1781.217	+	595.478	+	20.169)	-	(2623.895	+	0	+	13.945)
=	-240.976

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1967.967	+	338.654	+	27.793)	-	(3067.833	+	0	+	23.928)
=	-757.347

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Ghana Oil Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2025 )
	=	237.304	/	3450.583
	=	6.88 %

* 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.

Ghana Oil Co EBIT Related Terms

Ghana Oil Co EBIT Historical Data

* Premium members only.

The historical data trend for Ghana Oil Co's EBIT can be seen below:

Ghana Oil Co EBIT Chart

Ghana Oil Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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168.37

213.35

183.37

249.44

237.30

Ghana Oil Co Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23	Dec24	Dec25
EBIT	Get a 7-Day Free Trial												168.37	213.35	183.37	249.44	237.30

XGHA:GOIL vs VLO, MPC, PSX: EBIT Comparison

For the Oil & Gas Refining & Marketing subindustry, Ghana Oil Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

Ghana Oil Co EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ghana Oil Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ghana Oil Co's EV-to-EBIT falls into.

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77GF Score

Ghana Oil Co Ltd XGHA:GOIL

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Ghana Oil Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was GHS237 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of GHS237 Mil mean?

Ghana Oil Co (XGHA:GOIL) has a EBIT of GHS237 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ghana Oil Co.

Is Ghana Oil Co's EBIT too high?

Ghana Oil Co's current EBIT is GHS237 Mil. Overall, Ghana Oil Co has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Ghana Oil Co's EBIT compare to VLO and MPC?

Ghana Oil Co's EBIT of GHS237 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for an Oil & Gas company?

A good EBIT depends on the Oil & Gas industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ghana Oil Co. Ghana Oil Co's current EBIT is GHS237 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Ghana Oil Co stock overvalued right now?

Based on GuruFocus' analysis, Ghana Oil Co (XGHA:GOIL) is currently considered Significantly Overvalued. The stock's GF Value™ is GHS1.51, compared to a current price of GHS7.50 — trading 396.7% above its estimated fair value. The current EBIT is GHS237 Mil. Ghana Oil Co's overall GF Score™ is 77/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Ghana Oil Co (XGHA:GOIL), the current EBIT is GHS237 Mil as of Dec. 2025. 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 Ghana Oil Co (XGHA:GOIL) Overvalued in 2026?

Based on GuruFocus' analysis, Ghana Oil Co stock appears to be overvalued. The current stock price of GHS7.50 is trading 396.7% above its estimated GF Value™ of GHS1.51. GuruFocus considers Ghana Oil Co to be Significantly Overvalued.

Key valuation signals for XGHA:GOIL:

EBIT: GHS237 Mil
GF Value™: GHS1.51 vs. price of GHS7.50 (396.7% above fair value)
GF Score™: 77/100 with 9 warning signs

No single metric tells the full story. See the XGHA:GOIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ghana Oil Co Business Description

Industry Energy Oil & Gas

Comparable Companies XGHA:TOTAL NSE:RELIANCE VLO MPC PSX XKAZ:KMGZ OHEL:NESTE TSE:5020 NSE:IOC TPE:6505 XKRX:096770 BOM:500547 XKRX:267250 DINO SUN TSE:5019 IST:TUPRS BUD:MOL SAU:2380 NSE:HINDPETRO

Address Junction of Kojo Thompson and Adjabeng Roads, House Number D659/4, P. O. Box GP 3183, Adabraka, Accra, GHA

Website https://www.goilagm.com

Ghana Oil Co Ltd (GOIL) is engaged in the marketing and distribution of petroleum products. Its objective is to market petroleum and related products, particularly fuels, liquefied petroleum gas (LPG), lubricants, bitumen, and specialty products in Ghana. The company is engaged in the business of marketing quality petroleum and other energy products and services in all its branches in a healthy, safe, environmentally friendly, and socially responsible manner.

77GF Score

Get the complete analysis for XGHA:GOIL

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

GHS7.50

Price

GHS1.51

GF Value

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