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Ecobank GhanaXGHA:EGH 64 Return-on-Tangible-Asset is 3.54% as of Mar. 2026, which is 2% below its 10-year median of 3.63. GuruFocus rates XGHA:EGH with a GF Score™ of 64/100 and a GF Value™ of GHS10.15 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,529 Banks companies, Ecobank Ghana ranks better than 96.93% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Ecobank Ghana's annualizedNet Income for the quarter that ended in Mar. 2026 was GHS1,757 Mil. Ecobank Ghana's average total tangible assets for the quarter that ended in Mar. 2026 was GHS49,656 Mil. Therefore, Ecobank Ghana's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.54%.
The historical rank and industry rank for Ecobank Ghana's Return-on-Tangible-Asset or its related term are showing as below:
XGHA:EGH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.07 Med: 3.63 Max: 4.45
Current: 4.06
During the past 13 years, Ecobank Ghana's highest Return-on-Tangible-Asset was 4.45%. The lowest was -0.07%. And the median was 3.63%.
XGHA:EGH's Return-on-Tangible-Asset is ranked better than 96.93% of 1529
companies
in the Banks industry
Industry Median: 1.01
vs XGHA:EGH: 4.06
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Ecobank Ghana Return-on-Tangible-Asset Related Terms
Ecobank Ghana Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ecobank Ghana's Return-on-Tangible-Asset 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:EGH vs PNC: Return-on-Tangible-Asset Comparison
For the Banks - Regional subindustry, Ecobank Ghana's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Ecobank Ghana Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Ecobank Ghana's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ecobank Ghana's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.54% mean?
Ecobank Ghana (XGHA:EGH) has a Return-on-Tangible-Asset of 3.54% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Ecobank Ghana and its competitors. This is near median its historical median of 3.63. According to the industry distribution chart, Ecobank Ghana ranks #47 out of 1529 companies in the Banks industry, placing it in the top 3.1%.
Is Ecobank Ghana's Return-on-Tangible-Asset too high?
Ecobank Ghana's current Return-on-Tangible-Asset of 3.54% is near median its 10-year median of 3.63. The Banks industry median Return-on-Tangible-Asset is 1.01. Ecobank Ghana's value of 3.54% is 250.5% above this industry median. Based on the distribution chart, Ecobank Ghana ranks #47 out of 1529 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Ecobank Ghana has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ecobank Ghana's Return-on-Tangible-Asset compare to PNC?
According to the Banks industry distribution chart, Ecobank Ghana ranks #47 out of 1529 companies for Return-on-Tangible-Asset. This places Ecobank Ghana in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.01. Ecobank Ghana's value of 3.54% is 250.5% above this benchmark. While the company's 10-year median is 3.63 vs. the industry median of 1.01, Ecobank Ghana has consistently been above 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 Return-on-Tangible-Asset for a Banks company?
The median Return-on-Tangible-Asset among Banks companies is 1.01, based on 1,529 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ecobank Ghana's current Return-on-Tangible-Asset of 3.54% is 250.5% above 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Ecobank Ghana and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecobank Ghana's current Return-on-Tangible-Asset is 3.54%, which is near median its own 10-year median of 3.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecobank Ghana stock overvalued right now?
Based on GuruFocus' analysis, Ecobank Ghana (XGHA:EGH) is currently considered Significantly Overvalued. The stock's GF Value™ is GHS10.15, compared to a current price of GHS39.00 — trading 284.2% above its estimated fair value. The current Return-on-Tangible-Asset is 3.54%, which is near median its 10-year median of 3.63 and 250.5% above the Banks industry median of 1.01. Ecobank Ghana's overall GF Score™ is 64/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Ecobank Ghana (XGHA:EGH), the current Return-on-Tangible-Asset is 3.54% 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 Ecobank Ghana (XGHA:EGH) Overvalued in 2026?
Based on GuruFocus' analysis, Ecobank Ghana stock appears to be overvalued.
The current stock price of GHS39.00 is trading 284.2% above its estimated GF Value™ of GHS10.15.
GuruFocus considers Ecobank Ghana to be Significantly Overvalued.
Key valuation signals for XGHA:EGH:
Return-on-Tangible-Asset: 3.54% (near median its 10-year median of 3.63)
GF Value™: GHS10.15 vs. price of GHS39.00 (284.2% above fair value)
Industry Position: 250.5% above the Banks median (#47 of 1529)
No single metric tells the full story. See the XGHA:EGH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ecobank Ghana Ltd is a commercial banking corporation based in Ghana. Its service offering includes retail, corporate, and investment banking products. The bank functions through three operating segments namely Consumer banking focused on individuals who are grouped into a premier, advantage (personal banking), and classic & youth banking (direct banking); Commercial Banking focused on Business Banking and Medium Local Corporates such as SMEs, Medium Local corporates and Non-government public sector (schools, faith, NGOs & professional bodies); and Corporate banking specializes in serving the public sector, multinational institutions, financial institutions/international organizations and the Regional Corporate segment of the market.
64GF Score
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