Ghana Oil Co (XGHA:GOIL) ROE % Adjusted to Book Value: 8.22% (As of Dec. 2025)

Ghana Oil Co XGHA:GOIL +0.67% 77 ROE % Adjusted to Book Value is 8.22% as of Dec. 2025. 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.

Ghana Oil Co's ROE % for the quarter that ended in Dec. 2025 was 9.62%. Ghana Oil Co's PB Ratio for the quarter that ended in Dec. 2025 was 1.17. Ghana Oil Co's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was 8.22%.

Ghana Oil Co ROE % Adjusted to Book Value Related Terms

Ghana Oil Co ROE % Adjusted to Book Value Historical Data

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The historical data trend for Ghana Oil Co'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.

Ghana Oil Co ROE % Adjusted to Book Value Chart

Ghana Oil Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROE % Adjusted to Book Value

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14.77

19.79

9.54

14.69

8.22

Ghana Oil Co Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23	Dec24	Dec25
ROE % Adjusted to Book Value	Get a 7-Day Free Trial												14.77	19.79	9.54	14.69	8.22

XGHA:GOIL vs VLO, MPC, PSX: ROE % Adjusted to Book Value Comparison

For the Oil & Gas Refining & Marketing subindustry, Ghana Oil Co'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.

Ghana Oil Co ROE % Adjusted to Book Value vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ghana Oil Co's ROE % Adjusted to Book Value distribution charts can be found below:

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

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77GF Score

Ghana Oil Co Ltd XGHA:GOIL

ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.

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Ghana Oil Co ROE % Adjusted to Book Value Calculation

Ghana Oil Co'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
	=	9.62%	/	1.17
	=	8.22%

Ghana Oil Co's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	9.62%	/	1.17
	=	8.22%

Frequently Asked Questions Learn more about ROE % Adjusted to Book Value →

What does a ROE % Adjusted to Book Value of 8.22% mean?

Ghana Oil Co (XGHA:GOIL) has a ROE % Adjusted to Book Value of 8.22% as of Dec. 2025. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Ghana Oil Co and its competitors.

Is Ghana Oil Co's ROE % Adjusted to Book Value too high?

Ghana Oil Co's current ROE % Adjusted to Book Value is 8.22%. 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 ROE % Adjusted to Book Value compare to VLO and MPC?

Ghana Oil Co's ROE % Adjusted to Book Value of 8.22% can be compared against companies in the Oil & Gas 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 an Oil & Gas company?

A good ROE % Adjusted to Book Value depends on the Oil & Gas 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 Ghana Oil Co and its competitors. Ghana Oil Co's current ROE % Adjusted to Book Value is 8.22%. 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 ROE % Adjusted to Book Value is 8.22%. 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 ROE % Adjusted to Book Value calculated?

ROE % Adjusted to Book Value is calculated from a company's financial statements. For Ghana Oil Co (XGHA:GOIL), the current ROE % Adjusted to Book Value is 8.22% 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:

ROE % Adjusted to Book Value: 8.22%
GF Value™: GHS1.52 vs. price of GHS7.50 (393.4% above fair value)
GF Score™: 77/100 with 9 warning signs

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 Business Description

Industry Energy Oil & Gas

Comparable Companies XGHA:TOTAL NSE:RELIANCE VLO MPC PSX XKAZ:KMGZ OHEL:NESTE NSE:IOC TSE:5020 TPE:6505 BOM:500547 SUN DINO XKRX:096770 BUD:MOL TSE:5019 IST:TUPRS NSE:HINDPETRO XKRX:267250 LSE:DCC

Address Junction of Kojo Thompson and Adjabeng Roads, House Number D659/4, P. O. Box GP 3183, Adabraka, Accra, GHA

Website https://www.goilagm.com

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

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

GHS7.50

Price

GHS1.52

GF Value

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