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Tullow OilXGHA:TLW 38 EV-to-EBITDA is 3.54 as of Aug. 08, 2026, which is 24% above its 10-year median of 2.85. GuruFocus rates XGHA:TLW with a GF Score™ of 38/100 and a GF Value™ of GHS27.11 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 764 Oil & Gas companies, Tullow Oil ranks better than 82.85% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Tullow Oil's enterprise value is GHS26,053 Mil.
Tullow Oil's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was GHS7,355 Mil. Therefore, Tullow Oil's EV-to-EBITDA for today is 3.54.
The historical rank and industry rank for Tullow Oil's EV-to-EBITDA or its related term are showing as below:
XGHA:TLW'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -35.67 Med: 2.85 Max: 16.41
Current: 3.6
During the past 13 years, the highest EV-to-EBITDA of Tullow Oil was 16.41. The lowest was -35.67. And the median was 2.85.
XGHA:TLW's EV-to-EBITDA is ranked better than 82.85% of 764
companies
in the Oil & Gas industry
Industry Median: 7.47
vs XGHA:TLW: 3.60
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Tullow Oil's share price for today is GHS13.11.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Tullow Oil's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was GHS0.047.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Tullow Oil's EV-to-EBITDA 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.
XGHA:TLW vs COP, EOG, FANG: EV-to-EBITDA Comparison
For the Oil & Gas E&P subindustry, Tullow Oil's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.
Tullow Oil EV-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tullow Oil's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Tullow Oil's EV-to-EBITDA falls into.
Tullow Oil's current Enterprise Value is GHS26,053 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Tullow Oil's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was GHS7,355 Mil.
* 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.
Tullow Oil (XGHA:TLW) has a EV-to-EBITDA of 3.54 as of Aug. 08, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Tullow Oil. This is 24% above median its historical median of 2.85. According to the industry distribution chart, Tullow Oil ranks #131 out of 764 companies in the Oil & Gas industry, placing it in the top 17.1%.
Is Tullow Oil's EV-to-EBITDA too high?
Tullow Oil's current EV-to-EBITDA of 3.54 is 24% above median its 10-year median of 2.85. The Oil & Gas industry median EV-to-EBITDA is 7.47. Tullow Oil's value of 3.54 is 52.6% below this industry median. Based on the distribution chart, Tullow Oil ranks #131 out of 764 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Tullow Oil has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tullow Oil's EV-to-EBITDA compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Tullow Oil ranks #131 out of 764 companies for EV-to-EBITDA. This places Tullow Oil in the top 17% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 7.47. Tullow Oil's value of 3.54 is 52.6% below this benchmark. While the company's 10-year median is 2.85 vs. the industry median of 7.47, Tullow Oil has consistently been below 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 EV-to-EBITDA for an Oil & Gas company?
The median EV-to-EBITDA among Oil & Gas companies is 7.47, based on 764 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tullow Oil's current EV-to-EBITDA of 3.54 is 52.6% below 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Tullow Oil. For the Oil & Gas industry, the median EV-to-EBITDA is 7.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tullow Oil's current EV-to-EBITDA is 3.54, which is 24% above median its own 10-year median of 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tullow Oil stock overvalued right now?
Based on GuruFocus' analysis, Tullow Oil (XGHA:TLW) is currently considered Possible Value Trap. The stock's GF Value™ is GHS27.11, compared to a current price of GHS13.11 — trading 51.6% below its estimated fair value. The current EV-to-EBITDA is 3.54, which is 24% above median its 10-year median of 2.85 and 52.6% below the Oil & Gas industry median of 7.47. Tullow Oil's overall GF Score™ is 38/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Tullow Oil (XGHA:TLW), the current EV-to-EBITDA is 3.54 as of Aug. 08, 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 Tullow Oil (XGHA:TLW) Overvalued in 2026?
Based on GuruFocus' analysis, Tullow Oil stock appears to be undervalued.
The current stock price of GHS13.11 is trading 51.6% below its estimated GF Value™ of GHS27.11.
GuruFocus considers Tullow Oil to be Possible Value Trap.
Key valuation signals for XGHA:TLW:
EV-to-EBITDA: 3.54 (24% above median its 10-year median of 2.85)
GF Value™: GHS27.11 vs. price of GHS13.11 (51.6% below fair value)
Industry Position: 52.6% below the Oil & Gas median (#131 of 764)
No single metric tells the full story. See the XGHA:TLW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tullow Oil PLC is an independent oil and gas exploration and production company. The company conducts exploration, appraisal, and development activities in the African and Atlantic regions. The majority of revenue is derived from West African assets, with a focus on offshore fields. Assets used in oil and gas production are acquired through licenses. The company generates revenue from natural gas and crude oil sales. Its reportable segments are: Ghana, which generates key revenue, and the other segment.
38GF Score
Get the complete analysis for XGHA:TLW
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