CAL BankXGHA:CAL ROE % is 26.11% as of Mar. 2026, which is 30% above its 10-year median of 20.03. The stock has 2 warning signs investors should review. Among 1,524 Banks companies, CAL Bank ranks better than 99.02% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. CAL Bank's annualized net income for the quarter that ended in Mar. 2026 was GHS427 Mil. CAL Bank's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was GHS1,636 Mil. Therefore, CAL Bank's annualized ROE % for the quarter that ended in Mar. 2026 was 26.11%.
The historical rank and industry rank for CAL Bank's ROE % or its related term are showing as below:
XGHA:CAL'
s ROE % Range Over the Past 10 Years
Min: -343.94 Med: 20.03 Max: 406.99
Current: 41.57
During the past 13 years, CAL Bank's highest ROE % was 406.99%. The lowest was -343.94%. And the median was 20.03%.
XGHA:CAL's ROE % is ranked better than 99.02% of 1524
companies
in the Banks industry
Industry Median: 10.22
vs XGHA:CAL: 41.57
CAL Bank (XGHA:CAL) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
CAL Bank ROE % Related Terms
CAL Bank ROE % Historical Data
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The historical data trend for CAL Bank's ROE % 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.
For the Banks - Regional subindustry, CAL Bank's ROE %, along with its competitors' market caps and ROE % 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.
CAL Bank ROE % vs Banks Industry
For the Banks industry and Financial Services sector, CAL Bank's ROE % distribution charts can be found below:
* The bar in red indicates where CAL Bank's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
CAL Bank (XGHA:CAL) has a ROE % of 26.11% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on CAL Bank and its competitors. This is 30% above median its historical median of 20.03. According to the industry distribution chart, CAL Bank ranks #15 out of 1524 companies in the Banks industry, placing it in the top 1%.
Is CAL Bank's ROE % too high?
CAL Bank's current ROE % of 26.11% is 30% above median its 10-year median of 20.03. The Banks industry median ROE % is 10.22. CAL Bank's value of 26.11% is 155.5% above this industry median. Based on the distribution chart, CAL Bank ranks #15 out of 1524 companies in the Banks industry, which is in the top quartile — a strong position relative to peers.
How does CAL Bank's ROE % compare to PNC?
According to the Banks industry distribution chart, CAL Bank ranks #15 out of 1524 companies for ROE %. This places CAL Bank in the top 1% of its industry — outperforming the majority of peers. The industry median ROE % is 10.22. CAL Bank's value of 26.11% is 155.5% above this benchmark. While the company's 10-year median is 20.03 vs. the industry median of 10.22, CAL Bank 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 ROE % for a Banks company?
The median ROE % among Banks companies is 10.22, based on 1,524 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CAL Bank's current ROE % of 26.11% is 155.5% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on CAL Bank and its competitors. For the Banks industry, the median ROE % is 10.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CAL Bank's current ROE % is 26.11%, which is 30% above median its own 10-year median of 20.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CAL Bank stock overvalued right now?
CAL Bank (XGHA:CAL) has a current ROE % of 26.11%. The current ROE % is 26.11%, which is 30% above median its 10-year median of 20.03 and 155.5% above the Banks industry median of 10.22. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For CAL Bank (XGHA:CAL), the current ROE % is 26.11% 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.
CAL Bank Ltd is mainly engaged in providing banking solutions in Ghana. Its reportable segments are: Corporate Banking, Consumer & Commercial Banking, Treasury, and Asset Management. Maximum revenue is derived from the Treasury segment, which undertakes the Bank's funding and centralised risk management activities. The Corporate Banking segment offers loans, deposits, and other services to corporate clients, institutional clients, and public sector entities; the Consumer & Commercial Banking segment provides traditional banking and other financial services such as funds transfer, standing orders, and ATM card service to small and medium enterprises, and individual customers; and the Asset Management segment offers asset and portfolio management and investment advisory services.
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