Ecobank GhanaXGHA:EGH 66 ROE % is 23.72% as of Mar. 2026, which is 13% below its 10-year median of 27.30. GuruFocus rates XGHA:EGH with a GF Score™ of 66/100 and a GF Value™ of GHS9.92 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,527 Banks companies, Ecobank Ghana ranks better than 96.99% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Ecobank Ghana's annualized net income for the quarter that ended in Mar. 2026 was GHS1,757 Mil. Ecobank Ghana's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was GHS7,407 Mil. Therefore, Ecobank Ghana's annualized ROE % for the quarter that ended in Mar. 2026 was 23.72%.
The historical rank and industry rank for Ecobank Ghana's ROE % or its related term are showing as below:
XGHA:EGH'
s ROE % Range Over the Past 10 Years
Min: -0.57 Med: 27.3 Max: 37.52
Current: 28.99
During the past 13 years, Ecobank Ghana's highest ROE % was 37.52%. The lowest was -0.57%. And the median was 27.30%.
XGHA:EGH's ROE % is ranked better than 96.99% of 1527
companies
in the Banks industry
Industry Median: 10.23
vs XGHA:EGH: 28.99
Ecobank Ghana (XGHA:EGH) 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.
Ecobank Ghana ROE % Related Terms
Ecobank Ghana ROE % Historical Data
* Premium members only.
The historical data trend for Ecobank Ghana'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, Ecobank Ghana'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.
Ecobank Ghana ROE % vs Banks Industry
For the Banks industry and Financial Services sector, Ecobank Ghana's ROE % distribution charts can be found below:
* The bar in red indicates where Ecobank Ghana'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.
Ecobank Ghana (XGHA:EGH) has a ROE % of 23.72% 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 Ecobank Ghana and its competitors. This is 13% below median its historical median of 27.30. According to the industry distribution chart, Ecobank Ghana ranks #46 out of 1527 companies in the Banks industry, placing it in the top 3%.
Is Ecobank Ghana's ROE % too high?
Ecobank Ghana's current ROE % of 23.72% is 13% below median its 10-year median of 27.30. The Banks industry median ROE % is 10.23. Ecobank Ghana's value of 23.72% is 131.9% above this industry median. Based on the distribution chart, Ecobank Ghana ranks #46 out of 1527 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 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ecobank Ghana's ROE % compare to PNC?
According to the Banks industry distribution chart, Ecobank Ghana ranks #46 out of 1527 companies for ROE %. This places Ecobank Ghana in the top 3% of its industry — outperforming the majority of peers. The industry median ROE % is 10.23. Ecobank Ghana's value of 23.72% is 131.9% above this benchmark. While the company's 10-year median is 27.30 vs. the industry median of 10.23, 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 ROE % for a Banks company?
The median ROE % among Banks companies is 10.23, based on 1,527 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. Ecobank Ghana's current ROE % of 23.72% is 131.9% 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 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 Ecobank Ghana and its competitors. For the Banks industry, the median ROE % is 10.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecobank Ghana's current ROE % is 23.72%, which is 13% below median its own 10-year median of 27.30. 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 GHS9.92, compared to a current price of GHS33.67 — trading 239.4% above its estimated fair value. The current ROE % is 23.72%, which is 13% below median its 10-year median of 27.30 and 131.9% above the Banks industry median of 10.23. Ecobank Ghana's overall GF Score™ is 66/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Ecobank Ghana (XGHA:EGH), the current ROE % is 23.72% 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 GHS33.67 is trading 239.4% above its estimated GF Value™ of GHS9.92.
GuruFocus considers Ecobank Ghana to be Significantly Overvalued.
Key valuation signals for XGHA:EGH:
ROE %: 23.72% (13% below median its 10-year median of 27.30)
GF Value™: GHS9.92 vs. price of GHS33.67 (239.4% above fair value)
Industry Position: 131.9% above the Banks median (#46 of 1527)
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.
66GF Score
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