Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Access Bank GhanaXGHA:ACCESS 48 Owner Earnings per Share (TTM) is 4.75 as of Mar. 2026, which is 551% above its 10-year median of 0.73. GuruFocus rates XGHA:ACCESS with a GF Score™ of 48/100 and a GF Value™ of GHS13.78 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,044 Banks companies, Access Bank Ghana ranks better than 71.07% on this metric.
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
Access Bank Ghana's Owner Earnings per Share (TTM) ended in Mar. 2026 was GHS4.75. It's Price-to-Owner-Earnings ratio for today is 6.72.
The historical rank and industry rank for Access Bank Ghana's Owner Earnings per Share (TTM) or its related term are showing as below:
XGHA:ACCESS'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 0.24 Med: 0.73 Max: 15.13
Current: 6.72
XGHA:ACCESS's Price-to-Owner-Earnings is ranked better than 71.07% of 1044
companies
in the Banks industry
Industry Median: 10.385
vs XGHA:ACCESS: 6.72
Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.
Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.
Access Bank Ghana Owner Earnings per Share (TTM) Related Terms
Access Bank Ghana Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Access Bank Ghana's Owner Earnings per Share (TTM) 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.
Access Bank Ghana Owner Earnings per Share (TTM) Chart
XGHA:ACCESS vs PNC: Owner Earnings per Share (TTM) Comparison
For the Banks - Regional subindustry, Access Bank Ghana's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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.
Access Bank Ghana Price-to-Owner-Earnings vs Banks Industry
For the Banks industry and Financial Services sector, Access Bank Ghana's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Access Bank Ghana's Price-to-Owner-Earnings falls into.
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
1. Start with "Net Income" from income statement. Access Bank Ghana's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was GHS218 Mil.
3. Other non-cash charges usually include "Stock Based Compensation" and "Change In Deferred Tax":
However, to be conservative, GuruFocus will not add Stock Based Compensation back to net income.
Access Bank Ghana's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2026 was GHS0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = GHS118 Mil
It is usually best to take a long-term average of maintenance capital expenditure. Ideally this would be as long as 10 years and include at least one economic downturn. However, since many companies do not have as long as 10-year history, here GuruFocus uses the latest 5 years data to do the calculation. To smooth out unusual years but reflect recent developments, we take an average of the 5 year maintenance capital expenditure.
The following shows how to get maintenance capital expenditure.
First, calculate the revenue change regarding to the previous quarter. If the revenue decreased from the previous quarter, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous quarter, then calculate the percentage of Net PPE as of corresponding Revenue.
Growth Capital Expenditure = Percentage of Property, Plant and Equipment as of corresponding Revenue * Revenue Increase
Third, calculate Capital Expenditure (positive) - Growth Capital Expenditure.
If [Capital Expenditure (positive) - Growth Capital Expenditure] was negative, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
If [Capital Expenditure (positive) - Growth Capital Expenditure] was positive, then the Maintenance Capital Expenditure = Capital Expenditure (positive) - Growth Capital Expenditure.
Fourth, get the average of the 5 years maintenance capital expenditure.
Access Bank Ghana's 5-Year Average Maintenance Capital Expenditure = GHS118 Mil
5. "Change In Working Capital" is from cashflow statement. Access Bank Ghana's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 was GHS611 Mil.
Note: GuruFocus' Change in Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And sometimes it includes non-current parts of assets and liabilities.
* 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.
What does a Owner Earnings per Share (TTM) of 4.75 mean?
Access Bank Ghana (XGHA:ACCESS) has a Owner Earnings per Share (TTM) of 4.75 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Access Bank Ghana. This is 551% above median its historical median of 0.73. Over the past decade, Access Bank Ghana's Owner Earnings per Share (TTM) has ranged from 0.24 to 15.13. According to the industry distribution chart, Access Bank Ghana ranks #302 out of 1044 companies in the Banks industry, placing it in the top 28.9%.
Is Access Bank Ghana's Owner Earnings per Share (TTM) too high?
Access Bank Ghana's current Owner Earnings per Share (TTM) of 4.75 is 551% above median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 15.13. The Banks industry median Owner Earnings per Share (TTM) is 10.39. Access Bank Ghana's value of 4.75 is 54.3% below this industry median. Based on the distribution chart, Access Bank Ghana ranks #302 out of 1044 companies in the Banks industry, which is above the industry midpoint. Overall, Access Bank Ghana has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Access Bank Ghana's Owner Earnings per Share (TTM) compare to PNC?
According to the Banks industry distribution chart, Access Bank Ghana ranks #302 out of 1044 companies for Owner Earnings per Share (TTM). This puts Access Bank Ghana in the upper half of its industry. The industry median Owner Earnings per Share (TTM) is 10.39. Access Bank Ghana's value of 4.75 is 54.3% below this benchmark. Historically, Access Bank Ghana's own Owner Earnings per Share (TTM) has ranged from 0.24 to 15.13 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 10.39, Access Bank Ghana 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 Owner Earnings per Share (TTM) for a Banks company?
The median Owner Earnings per Share (TTM) among Banks companies is 10.39, based on 1,044 companies in the industry. Companies in the top quartile (top 25%) have a Owner Earnings per Share (TTM) significantly above this median, while those in the bottom quartile fall well below. However, Owner Earnings per Share (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Access Bank Ghana's current Owner Earnings per Share (TTM) of 4.75 is 54.3% 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 Owner Earnings per Share (TTM) mean?
A high Owner Earnings per Share (TTM) can signal that a stock is expensive relative to its fundamentals. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Access Bank Ghana. For the Banks industry, the median Owner Earnings per Share (TTM) is 10.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Access Bank Ghana's current Owner Earnings per Share (TTM) is 4.75, which is 551% above median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Access Bank Ghana stock overvalued right now?
Based on GuruFocus' analysis, Access Bank Ghana (XGHA:ACCESS) is currently considered Significantly Overvalued. The stock's GF Value™ is GHS13.78, compared to a current price of GHS31.90 — trading 131.5% above its estimated fair value. The current Owner Earnings per Share (TTM) is 4.75, which is 551% above median its 10-year median of 0.73 and 54.3% below the Banks industry median of 10.39. Access Bank Ghana's overall GF Score™ is 48/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Owner Earnings per Share (TTM) calculated?
Owner Earnings per Share (TTM) is calculated from a company's financial statements. For Access Bank Ghana (XGHA:ACCESS), the current Owner Earnings per Share (TTM) is 4.75 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 Access Bank Ghana (XGHA:ACCESS) Overvalued in 2026?
Based on GuruFocus' analysis, Access Bank Ghana stock appears to be overvalued.
The current stock price of GHS31.90 is trading 131.5% above its estimated GF Value™ of GHS13.78.
GuruFocus considers Access Bank Ghana to be Significantly Overvalued.
Key valuation signals for XGHA:ACCESS:
Owner Earnings per Share (TTM): 4.75 (551% above median its 10-year median of 0.73)
GF Value™: GHS13.78 vs. price of GHS31.90 (131.5% above fair value)
Industry Position: 54.3% below the Banks median (#302 of 1044)
No single metric tells the full story. See the XGHA:ACCESS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Access Bank Ghana PLC is a Ghana-based commercial bank. The bank provides universal banking services including Retail Banking, Commercial Banking, Business Banking, Personal Banking, and Exclusive Banking. It also provides support for financing landmark projects in the private and public sectors. It provides services to Corporate, Commercial, Retail customers, and Financial Institutions across Ghana. The company's segments include Institutional Banking, Commercial Banking, Personal, and Business Banking, and Treasury.
48GF Score
Get the complete analysis for XGHA:ACCESS
Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XGHA:ACCESS has been successfully added to your 
