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Ghana Oil CoXGHA:GOIL 77 Return-on-Tangible-Asset is 1.87% as of Dec. 2025, which is 59% below its 10-year median of 4.52. GuruFocus rates XGHA:GOIL with a GF Score™ of 77/100 and a GF Value™ of GHS1.54 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,028 Oil & Gas companies, Ghana Oil Co ranks worse than 51.07% 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. Ghana Oil Co's annualizedNet Income for the quarter that ended in Dec. 2025 was GHS91 Mil. Ghana Oil Co's average total tangible assets for the quarter that ended in Dec. 2025 was GHS4,844 Mil. Therefore, Ghana Oil Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 1.87%.
The historical rank and industry rank for Ghana Oil Co's Return-on-Tangible-Asset or its related term are showing as below:
XGHA:GOIL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.27 Med: 4.52 Max: 7.42
Current: 1.87
During the past 13 years, Ghana Oil Co's highest Return-on-Tangible-Asset was 7.42%. The lowest was 1.27%. And the median was 4.52%.
XGHA:GOIL's Return-on-Tangible-Asset is ranked worse than 51.07% of 1028
companies
in the Oil & Gas industry
Industry Median: 2.055
vs XGHA:GOIL: 1.87
Ghana Oil Co (XGHA:GOIL) Return-on-Tangible-Asset Explanation
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.
Ghana Oil Co Return-on-Tangible-Asset Related Terms
Ghana Oil Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ghana Oil Co'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:GOIL vs MPC, VLO, PSX: Return-on-Tangible-Asset Comparison
For the Oil & Gas Refining & Marketing subindustry, Ghana Oil Co'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.
Ghana Oil Co Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ghana Oil Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ghana Oil Co'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 one times the annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 1.87% mean?
Ghana Oil Co (XGHA:GOIL) has a Return-on-Tangible-Asset of 1.87% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Ghana Oil Co and its competitors. This is 59% below median its historical median of 4.52. Over the past decade, Ghana Oil Co's Return-on-Tangible-Asset has ranged from 1.27 to 7.42. According to the industry distribution chart, Ghana Oil Co ranks #525 out of 1028 companies in the Oil & Gas industry, placing it in the top 51.1%.
Is Ghana Oil Co's Return-on-Tangible-Asset too high?
Ghana Oil Co's current Return-on-Tangible-Asset of 1.87% is 59% below median its 10-year median of 4.52. Over the past 10 years, this metric has ranged from a low of 1.27 to a high of 7.42. The Oil & Gas industry median Return-on-Tangible-Asset is 2.06. Ghana Oil Co's value of 1.87% is 9% below this industry median. Based on the distribution chart, Ghana Oil Co ranks #525 out of 1028 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 Return-on-Tangible-Asset compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Ghana Oil Co ranks #525 out of 1028 companies for Return-on-Tangible-Asset. This places Ghana Oil Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.06. Ghana Oil Co's value of 1.87% is 9% below this benchmark. Historically, Ghana Oil Co's own Return-on-Tangible-Asset has ranged from 1.27 to 7.42 over the past decade. While the company's 10-year median is 4.52 vs. the industry median of 2.06, 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 Return-on-Tangible-Asset for an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.06, based on 1,028 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. Ghana Oil Co's current Return-on-Tangible-Asset of 1.87% is 9% 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 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 Ghana Oil Co and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ghana Oil Co's current Return-on-Tangible-Asset is 1.87%, which is 59% below median its own 10-year median of 4.52. 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 GHS1.54, compared to a current price of GHS7.96 — trading 416.9% above its estimated fair value. The current Return-on-Tangible-Asset is 1.87%, which is 59% below median its 10-year median of 4.52 and 9% below the Oil & Gas industry median of 2.06. Ghana Oil Co's overall GF Score™ is 77/100 with 10 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 Ghana Oil Co (XGHA:GOIL), the current Return-on-Tangible-Asset is 1.87% 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 GHS7.96 is trading 416.9% above its estimated GF Value™ of GHS1.54.
GuruFocus considers Ghana Oil Co to be Significantly Overvalued.
Key valuation signals for XGHA:GOIL:
Return-on-Tangible-Asset: 1.87% (59% below median its 10-year median of 4.52)
GF Value™: GHS1.54 vs. price of GHS7.96 (416.9% above fair value)
Industry Position: 9% below the Oil & Gas median (#525 of 1028)
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
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