Ghana Oil CoXGHA:GOIL +0.67%77 Dividend Payout Ratio is 0.24 as of Dec. 2025, which is 33% above its 10-year median of 0.18. 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. Among 433 Oil & Gas companies, Ghana Oil Co ranks better than 83.83% on this metric.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Ghana Oil Co's Dividend Payout Ratio for the
months ended in Dec. 2025 was 0.24.
The historical rank and industry rank for Ghana Oil Co's Dividend Payout Ratio or its related term are showing as below:
XGHA:GOIL'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.13 Med: 0.18 Max: 0.4
Current: 0.24
During the past 13 years, the highest Dividend Payout Ratio of Ghana Oil Co was 0.40. The lowest was 0.13. And the median was 0.18.
XGHA:GOIL's Dividend Payout Ratio is ranked better than 83.83% of 433
companies
in the Oil & Gas industry
Industry Median: 0.5
vs XGHA:GOIL: 0.24
During the past 3 years, the average Dividends Per Share Growth Rate was 6.00% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Ghana Oil Co was 18.90% per year. The lowest was 3.80% per year. And the median was 7.60% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Ghana Oil Co (XGHA:GOIL) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Ghana Oil Co Dividend Payout Ratio Related Terms
Ghana Oil Co Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for Ghana Oil Co's Dividend Payout Ratio 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: Dividend Payout Ratio Comparison
For the Oil & Gas Refining & Marketing subindustry, Ghana Oil Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ghana Oil Co's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Ghana Oil Co's Dividend Payout Ratio falls into.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
Ghana Oil Co's Dividend Payout Ratio 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 Dividend Payout Ratio of 0.24 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Ghana Oil Co and its competitors. This is 33% above median its historical median of 0.18. Over the past decade, Ghana Oil Co's Dividend Payout Ratio has ranged from 0.13 to 0.40. According to the industry distribution chart, Ghana Oil Co ranks #70 out of 433 companies in the Oil & Gas industry, placing it in the top 16.2%.
Is Ghana Oil Co's Dividend Payout Ratio too high?
Ghana Oil Co's current Dividend Payout Ratio of 0.24 is 33% above median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.40. The Oil & Gas industry median Dividend Payout Ratio is 0.50. Ghana Oil Co's value of 0.24 is 52% below this industry median. Based on the distribution chart, Ghana Oil Co ranks #70 out of 433 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. 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 Dividend Payout Ratio compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Ghana Oil Co ranks #70 out of 433 companies for Dividend Payout Ratio. This places Ghana Oil Co in the top 16% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.50. Ghana Oil Co's value of 0.24 is 52% below this benchmark. Historically, Ghana Oil Co's own Dividend Payout Ratio has ranged from 0.13 to 0.40 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 0.50, 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 Dividend Payout Ratio for an Oil & Gas company?
The median Dividend Payout Ratio among Oil & Gas companies is 0.50, based on 433 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ghana Oil Co's current Dividend Payout Ratio of 0.24 is 52% 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Ghana Oil Co and its competitors. For the Oil & Gas industry, the median Dividend Payout Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ghana Oil Co's current Dividend Payout Ratio is 0.24, which is 33% above median its own 10-year median of 0.18. 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 Dividend Payout Ratio is 0.24, which is 33% above median its 10-year median of 0.18 and 52% below the Oil & Gas industry median of 0.50. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Ghana Oil Co (XGHA:GOIL), the current Dividend Payout Ratio is 0.24 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 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:
Dividend Payout Ratio: 0.24 (33% above median its 10-year median of 0.18)
GF Value™: GHS1.52 vs. price of GHS7.50 (393.4% above fair value)
Industry Position: 52% below the Oil & Gas median (#70 of 433)
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
Get the complete analysis for XGHA:GOIL
Dividend Payout Ratio 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:GOIL has been successfully added to your 
