Tullow OilXGHA:TLW 43 ROE % is Negative Equity% as of Dec. 2025. GuruFocus rates XGHA:TLW with a GF Score™ of 43/100 and a GF Value™ of GHS25.96 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 957 Oil & Gas companies, Tullow Oil ranks better than 99.9% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Tullow Oil's annualized net income for the quarter that ended in Dec. 2025 was GHS1,498 Mil. Tullow Oil's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was GHS-3,246 Mil. Therefore, Tullow Oil's annualized ROE % for the quarter that ended in Dec. 2025 was Negative Equity%.
The historical rank and industry rank for Tullow Oil's ROE % or its related term are showing as below:
XGHA:TLW'
s ROE % Range Over the Past 10 Years
Min: -305.86 Med: -24.68 Max: 3.11
Current: Negative Equity
During the past 13 years, Tullow Oil's highest ROE % was 3.11%. The lowest was -305.86%. And the median was -24.68%.
XGHA:TLW's ROE % is ranked better than 99.9% of 957
companies
in the Oil & Gas industry
Industry Median: 5.71
vs XGHA:TLW: Negative Equity
Tullow Oil (XGHA:TLW) 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 two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.
Tullow Oil ROE % Related Terms
Tullow Oil ROE % Historical Data
* Premium members only.
The historical data trend for Tullow Oil'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 Oil & Gas E&P subindustry, Tullow Oil'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.
Tullow Oil ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tullow Oil's ROE % distribution charts can be found below:
* The bar in red indicates where Tullow Oil'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 two times the semi-annual (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
* Note that if the average Total Stockholders Equity is zero or negative, then ROE % would be considered meaningless and hence not be calculated.
Tullow Oil (XGHA:TLW) has a ROE % of Negative Equity% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Tullow Oil and its competitors. According to the industry distribution chart, Tullow Oil ranks #1 out of 957 companies in the Oil & Gas industry, placing it in the top 0.099999999999994%.
Is Tullow Oil's ROE % too high?
Tullow Oil's current ROE % is Negative Equity%. Based on the distribution chart, Tullow Oil ranks #1 out of 957 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Tullow Oil has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tullow Oil's ROE % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Tullow Oil ranks #1 out of 957 companies for ROE %. This places Tullow Oil in the top 0% of its industry — outperforming the majority of peers. The industry median ROE % is 5.71. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.71, based on 957 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. 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 Tullow Oil and its competitors. For the Oil & Gas industry, the median ROE % is 5.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tullow Oil's current ROE % is Negative Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tullow Oil stock overvalued right now?
Based on GuruFocus' analysis, Tullow Oil (XGHA:TLW) is currently considered Possible Value Trap. The stock's GF Value™ is GHS25.96, compared to a current price of GHS11.92 — trading 54.1% below its estimated fair value. The current ROE % is Negative Equity%. Tullow Oil's overall GF Score™ is 43/100 with 5 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 Tullow Oil (XGHA:TLW), the current ROE % is Negative Equity% 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 Tullow Oil (XGHA:TLW) Overvalued in 2026?
Based on GuruFocus' analysis, Tullow Oil stock appears to be undervalued.
The current stock price of GHS11.92 is trading 54.1% below its estimated GF Value™ of GHS25.96.
GuruFocus considers Tullow Oil to be Possible Value Trap.
Key valuation signals for XGHA:TLW:
ROE %: Negative Equity%
GF Value™: GHS25.96 vs. price of GHS11.92 (54.1% below fair value)
No single metric tells the full story. See the XGHA:TLW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tullow Oil PLC is an independent oil and gas exploration and production company. The company conducts exploration, appraisal, and development activities in the African and Atlantic regions. The majority of revenue is derived from West African assets, with a focus on offshore fields. Assets used in oil and gas production are acquired through licenses. The company generates revenue from natural gas and crude oil sales. Its reportable segments are: Ghana, which generates key revenue, and the other segment.
43GF Score
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