Ghana Oil CoXGHA:GOIL 77 Operating Margin % is 1.10% as of Dec. 2025, which is 35% below its 10-year median of 1.69. 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. Among 916 Oil & Gas companies, Ghana Oil Co ranks worse than 69.87% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Ghana Oil Co's Operating Income for the
six
months ended in Dec. 2025 was GHS190 Mil. Ghana Oil Co's Revenue for the
six
months ended in Dec. 2025 was GHS17,226 Mil. Therefore, Ghana Oil Co's Operating Margin % for the quarter that ended in Dec. 2025 was 1.10%.
Warning Sign:
Ghana Oil Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -18%.
The historical rank and industry rank for Ghana Oil Co's Operating Margin % or its related term are showing as below:
XGHA:GOIL'
s Operating Margin % Range Over the Past 10 Years
Min: 0.61 Med: 1.69 Max: 4.01
Current: 1.1
XGHA:GOIL's Operating Margin % is ranked worse than 69.87% of 916
companies
in the Oil & Gas industry
Industry Median: 6.86
vs XGHA:GOIL: 1.10
Ghana Oil Co's 5-Year Average Operating Margin % Growth Rate was -18.00% per year.
Ghana Oil Co's Operating Income for the
six
months ended in Dec. 2025 was GHS190 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was GHS190 Mil.
Ghana Oil Co (XGHA:GOIL) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Ghana Oil Co Operating Margin % Related Terms
Ghana Oil Co Operating Margin % Historical Data
* Premium members only.
The historical data trend for Ghana Oil Co's Operating Margin % 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:GOIL vs VLO, MPC, PSX: Operating Margin % Comparison
For the Oil & Gas Refining & Marketing subindustry, Ghana Oil Co's Operating Margin %, along with its competitors' market caps and Operating Margin % 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 Operating Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ghana Oil Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Ghana Oil Co's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Ghana Oil Co's Operating Margin % for the fiscal year 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.
Ghana Oil Co (XGHA:GOIL) has a Operating Margin % of 1.10% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Ghana Oil Co and its competitors. This is 35% below median its historical median of 1.69. Over the past decade, Ghana Oil Co's Operating Margin % has ranged from 0.61 to 4.01. According to the industry distribution chart, Ghana Oil Co ranks #640 out of 916 companies in the Oil & Gas industry, placing it in the top 69.9%.
Is Ghana Oil Co's Operating Margin % too high?
Ghana Oil Co's current Operating Margin % of 1.10% is 35% below median its 10-year median of 1.69. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 4.01. The Oil & Gas industry median Operating Margin % is 6.86. Ghana Oil Co's value of 1.10% is 84% below this industry median. Based on the distribution chart, Ghana Oil Co ranks #640 out of 916 companies in the Oil & Gas industry, which is below the industry midpoint. 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 Operating Margin % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Ghana Oil Co ranks #640 out of 916 companies for Operating Margin %. This places Ghana Oil Co in the lower half of its industry. The industry median Operating Margin % is 6.86. Ghana Oil Co's value of 1.10% is 84% below this benchmark. Historically, Ghana Oil Co's own Operating Margin % has ranged from 0.61 to 4.01 over the past decade. While the company's 10-year median is 1.69 vs. the industry median of 6.86, Ghana Oil Co 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 Operating Margin % for an Oil & Gas company?
The median Operating Margin % among Oil & Gas companies is 6.86, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ghana Oil Co's current Operating Margin % of 1.10% is 84% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Ghana Oil Co and its competitors. For the Oil & Gas industry, the median Operating Margin % is 6.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ghana Oil Co's current Operating Margin % is 1.10%, which is 35% below median its own 10-year median of 1.69. 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 Operating Margin % is 1.10%, which is 35% below median its 10-year median of 1.69 and 84% below the Oil & Gas industry median of 6.86. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Ghana Oil Co (XGHA:GOIL), the current Operating Margin % is 1.10% 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:
Operating Margin %: 1.10% (35% below median its 10-year median of 1.69)
GF Value™: GHS1.51 vs. price of GHS7.50 (396.7% above fair value)
Industry Position: 84% below the Oil & Gas median (#640 of 916)
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 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
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