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Ecobank GhanaXGHA:EGH 68 Return-on-Tangible-Equity is 23.73% as of Mar. 2026, which is 15% below its 10-year median of 27.99. GuruFocus rates XGHA:EGH with a GF Score™ of 68/100 and a GF Value™ of GHS10.04 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,525 Banks companies, Ecobank Ghana ranks better than 95.87% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Ecobank Ghana's annualized net income for the quarter that ended in Mar. 2026 was GHS1,757 Mil. Ecobank Ghana's average shareholder tangible equity for the quarter that ended in Mar. 2026 was GHS7,404 Mil. Therefore, Ecobank Ghana's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 23.73%.
The historical rank and industry rank for Ecobank Ghana's Return-on-Tangible-Equity or its related term are showing as below:
XGHA:EGH'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.58 Med: 27.99 Max: 37.57
Current: 29.01
During the past 13 years, Ecobank Ghana's highest Return-on-Tangible-Equity was 37.57%. The lowest was -0.58%. And the median was 27.99%.
XGHA:EGH's Return-on-Tangible-Equity is ranked better than 95.87% of 1525
companies
in the Banks industry
Industry Median: 11.25
vs XGHA:EGH: 29.01
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Ecobank Ghana Return-on-Tangible-Equity Related Terms
Ecobank Ghana Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ecobank Ghana's Return-on-Tangible-Equity 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-Equity Comparison
For the Banks - Regional subindustry, Ecobank Ghana's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Ecobank Ghana's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ecobank Ghana's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 23.73% mean?
Ecobank Ghana (XGHA:EGH) has a Return-on-Tangible-Equity of 23.73% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Ecobank Ghana and its competitors. This is 15% below median its historical median of 27.99. According to the industry distribution chart, Ecobank Ghana ranks #63 out of 1525 companies in the Banks industry, placing it in the top 4.1%.
Is Ecobank Ghana's Return-on-Tangible-Equity too high?
Ecobank Ghana's current Return-on-Tangible-Equity of 23.73% is 15% below median its 10-year median of 27.99. The Banks industry median Return-on-Tangible-Equity is 11.25. Ecobank Ghana's value of 23.73% is 110.9% above this industry median. Based on the distribution chart, Ecobank Ghana ranks #63 out of 1525 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 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ecobank Ghana's Return-on-Tangible-Equity compare to PNC?
According to the Banks industry distribution chart, Ecobank Ghana ranks #63 out of 1525 companies for Return-on-Tangible-Equity. This places Ecobank Ghana in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.25. Ecobank Ghana's value of 23.73% is 110.9% above this benchmark. While the company's 10-year median is 27.99 vs. the industry median of 11.25, 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-Equity for a Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.25, based on 1,525 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ecobank Ghana's current Return-on-Tangible-Equity of 23.73% is 110.9% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Ecobank Ghana and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecobank Ghana's current Return-on-Tangible-Equity is 23.73%, which is 15% below median its own 10-year median of 27.99. 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 GHS10.04, compared to a current price of GHS37.00 — trading 268.5% above its estimated fair value. The current Return-on-Tangible-Equity is 23.73%, which is 15% below median its 10-year median of 27.99 and 110.9% above the Banks industry median of 11.25. Ecobank Ghana's overall GF Score™ is 68/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Ecobank Ghana (XGHA:EGH), the current Return-on-Tangible-Equity is 23.73% 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 GHS37.00 is trading 268.5% above its estimated GF Value™ of GHS10.04.
GuruFocus considers Ecobank Ghana to be Significantly Overvalued.
Key valuation signals for XGHA:EGH:
Return-on-Tangible-Equity: 23.73% (15% below median its 10-year median of 27.99)
GF Value™: GHS10.04 vs. price of GHS37.00 (268.5% above fair value)
Industry Position: 110.9% above the Banks median (#63 of 1525)
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.
68GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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