Ghana Oil Co (XGHA:GOIL) Enterprise Value: GHS3,451 Mil (As of Jul. 01, 2026) ***


XGHA:GOIL Ghana Oil Co Ltd XGHA:GOIL
77 GF Score
Price GHS7.50
GF Value GHS1.52
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Ghana Oil Co Enterprise Value?

Ghana Oil Co XGHA:GOIL 77 Enterprise Value is GHS3,451 Mil as of Jul. 01, 2026. GuruFocus rates XGHA:GOIL with a GF Score™ of 77/100 and a GF Value™ of GHS1.52 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Ghana Oil Co's Enterprise Value is GHS3,451 Mil. Ghana Oil Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was GHS237 Mil. Therefore, Ghana Oil Co's EV-to-EBIT ratio for today is 14.54.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Ghana Oil Co's Enterprise Value is GHS3,451 Mil. Ghana Oil Co's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was GHS322 Mil. Therefore, Ghana Oil Co's EV-to-EBITDA ratio for today is 10.71.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Ghana Oil Co's Enterprise Value is GHS3,451 Mil. Ghana Oil Co's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was GHS17,226 Mil. Therefore, Ghana Oil Co's EV-to-Revenue ratio for today is 0.20.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Ghana Oil Co's Enterprise Value is GHS3,451 Mil. Ghana Oil Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was GHS882 Mil. Therefore, Ghana Oil Co's EV-to-OCF ratio for today is 3.91.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Ghana Oil Co's Enterprise Value is GHS3,451 Mil. Ghana Oil Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was GHS650 Mil. Therefore, Ghana Oil Co's EV-to-FCF ratio for today is 5.31.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Ghana Oil Co  (XGHA:GOIL) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Ghana Oil Co's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=3450.583/237.304
=14.54

Ghana Oil Co's current Enterprise Value is GHS3,451 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Ghana Oil Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was GHS237 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Ghana Oil Co's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=3450.583/322.157
=10.71

Ghana Oil Co's current Enterprise Value is GHS3,451 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Ghana Oil Co's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was GHS322 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Ghana Oil Co's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=3450.583/17226.259
=0.20

Ghana Oil Co's current Enterprise Value is GHS3,451 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Ghana Oil Co's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was GHS17,226 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Ghana Oil Co's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=3450.583/881.899
=3.91

Ghana Oil Co's current Enterprise Value is GHS3,451 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Ghana Oil Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was GHS882 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Ghana Oil Co's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=3450.583/649.841
=5.31

Ghana Oil Co's current Enterprise Value is GHS3,451 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Ghana Oil Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was GHS650 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.


Ghana Oil Co Enterprise Value Related Terms


Ghana Oil Co Enterprise Value Historical Data

* Premium members only.

The historical data trend for Ghana Oil Co's Enterprise Value 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.

Ghana Oil Co Enterprise Value Chart

Ghana Oil Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 901.62 533.59 793.26 1,627.01 1,671.52

Ghana Oil Co Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 901.62 533.59 793.26 1,627.01 1,671.52

XGHA:GOIL vs VLO, MPC, PSX: Enterprise Value Comparison

For the Oil & Gas Refining & Marketing subindustry, Ghana Oil Co's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ghana Oil Co's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Ghana Oil Co's Enterprise Value falls into.


XGHA:GOIL
77GF Score
Ghana Oil Co Ltd XGHA:GOIL
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ghana Oil Co Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Ghana Oil Co's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Ghana Oil Co's Enterprise Value for the quarter that ended in Dec. 2025 is calculated as

* 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.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of GHS3,451 Mil mean?
Ghana Oil Co (XGHA:GOIL) has a Enterprise Value of GHS3,451 Mil as of Jul. 01, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Ghana Oil Co and its competitors.
Is Ghana Oil Co's Enterprise Value too high?
Ghana Oil Co's current Enterprise Value is GHS3,451 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 Enterprise Value compare to VLO and MPC?
Ghana Oil Co's Enterprise Value of GHS3,451 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 Enterprise Value for an Oil & Gas company?
A good Enterprise Value depends on the Oil & Gas industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Ghana Oil Co and its competitors. Ghana Oil Co's current Enterprise Value is GHS3,451 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 GHS1.52, compared to a current price of GHS7.50 — trading 393.4% above its estimated fair value. The current Enterprise Value is GHS3,451 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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Ghana Oil Co (XGHA:GOIL), the current Enterprise Value is GHS3,451 Mil as of Jul. 01, 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 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 393.4% above its estimated GF Value™ of GHS1.52. GuruFocus considers Ghana Oil Co to be Significantly Overvalued.

Key valuation signals for XGHA:GOIL:

  • Enterprise Value: GHS3,451 Mil
  • GF Value™: GHS1.52 vs. price of GHS7.50 (393.4% 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 EnergyOil & Gas
Address Junction of Kojo Thompson and Adjabeng Roads, House Number D659/4, P. O. Box GP 3183, Adabraka, Accra, GHA
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

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

GHS7.50
Price
GHS1.52
GF Value