Ecobank Ghana (XGHA:EGH) ROE % Adjusted to Book Value: 11.35% (As of Mar. 2026)


XGHA:EGH Ecobank Ghana Ltd XGHA:EGH
68 GF Score
Price GHS34.00
GF Value GHS9.98
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Ecobank Ghana ROE % Adjusted to Book Value?

Ecobank Ghana XGHA:EGH +0.74% 68 ROE % Adjusted to Book Value is 11.35% as of Mar. 2026. GuruFocus rates XGHA:EGH with a GF Score™ of 68/100 and a GF Value™ of GHS9.98 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Ecobank Ghana's ROE % for the quarter that ended in Mar. 2026 was 23.72%. Ecobank Ghana's PB Ratio for the quarter that ended in Mar. 2026 was 2.09. Ecobank Ghana's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 11.35%.


Ecobank Ghana ROE % Adjusted to Book Value Related Terms


Ecobank Ghana ROE % Adjusted to Book Value Historical Data

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The historical data trend for Ecobank Ghana's ROE % Adjusted to Book Value 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.

Ecobank Ghana ROE % Adjusted to Book Value Chart

Ecobank Ghana Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.93 -0.72 41.40 96.21 25.88

Ecobank Ghana Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 64.03 63.96 70.43 20.92 11.35

XGHA:EGH vs PNC: ROE % Adjusted to Book Value Comparison

For the Banks - Regional subindustry, Ecobank Ghana's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Banks Industry

For the Banks industry and Financial Services sector, Ecobank Ghana's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Ecobank Ghana's ROE % Adjusted to Book Value falls into.


XGHA:EGH
68GF Score
Ecobank Ghana Ltd XGHA:EGH
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ecobank Ghana ROE % Adjusted to Book Value Calculation

Ecobank Ghana's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=28.99% / 1.12
=25.88%

Ecobank Ghana's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=23.72% / 2.09
=11.35%

* 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 ROE % Adjusted to Book Value of 11.35% mean?
Ecobank Ghana (XGHA:EGH) has a ROE % Adjusted to Book Value of 11.35% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Ecobank Ghana and its competitors.
Is Ecobank Ghana's ROE % Adjusted to Book Value too high?
Ecobank Ghana's current ROE % Adjusted to Book Value is 11.35%. 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 ROE % Adjusted to Book Value compare to PNC?
Ecobank Ghana's ROE % Adjusted to Book Value of 11.35% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Banks company?
A good ROE % Adjusted to Book Value depends on the Banks industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Ecobank Ghana and its competitors. Ecobank Ghana's current ROE % Adjusted to Book Value is 11.35%. 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 GHS9.98, compared to a current price of GHS34.00 — trading 240.7% above its estimated fair value. The current ROE % Adjusted to Book Value is 11.35%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Ecobank Ghana (XGHA:EGH), the current ROE % Adjusted to Book Value is 11.35% 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 GHS34.00 is trading 240.7% above its estimated GF Value™ of GHS9.98. GuruFocus considers Ecobank Ghana to be Significantly Overvalued.

Key valuation signals for XGHA:EGH:

  • ROE % Adjusted to Book Value: 11.35%
  • GF Value™: GHS9.98 vs. price of GHS34.00 (240.7% above fair value)
  • GF Score™: 68/100 with 2 warning signs

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 Business Description

Address 2 Morocco Lane, Off The Independence Avenue, Ministerial Area, Accra, GHA, 3261
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

Get the complete analysis for XGHA:EGH

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

GHS34.00
Price
GHS9.98
GF Value