Ghana Oil Co (XGHA:GOIL) PB Ratio : 0.75 (As of May. 25, 2024)

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What is Ghana Oil Co PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-25), Ghana Oil Co's share price is GHS1.50. Ghana Oil Co's Book Value per Share for the quarter that ended in Dec. 2022 was GHS2.01. Hence, Ghana Oil Co's PB Ratio of today is 0.75.

Good Sign:

Ghana Oil Co Ltd stock PB Ratio (=0.75) is close to 5-year low of 0.72

The historical rank and industry rank for Ghana Oil Co's PB Ratio or its related term are showing as below:

XGHA:GOIL' s PB Ratio Range Over the Past 10 Years
Min: 0.41 Med: 2.12 Max: 6.27
Current: 0.75

During the past 13 years, Ghana Oil Co's highest PB Ratio was 6.27. The lowest was 0.41. And the median was 2.12.

XGHA:GOIL's PB Ratio is ranked better than
74.06% of 987 companies
in the Oil & Gas industry
Industry Median: 1.24 vs XGHA:GOIL: 0.75

During the past 12 months, Ghana Oil Co's average Book Value Per Share Growth Rate was 15.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 14.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 16.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 28.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ghana Oil Co was 53.10% per year. The lowest was 14.10% per year. And the median was 17.90% per year.

Back to Basics: PB Ratio

Ghana Oil Co PB Ratio Historical Data

The historical data trend for Ghana Oil Co's PB Ratio 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.

* Premium members only.

Ghana Oil Co PB Ratio Chart

Ghana Oil Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

PB Ratio

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2.68

1.26

0.98

1.04

0.85

Ghana Oil Co Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
PB Ratio	Get a 7-Day Free Trial									2.68	1.26	0.98	1.04	0.85

Competitive Comparison of Ghana Oil Co's PB Ratio

For the Oil & Gas Refining & Marketing subindustry, Ghana Oil Co's PB Ratio, along with its competitors' market caps and PB Ratio 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's PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ghana Oil Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Ghana Oil Co's PB Ratio falls into.

Ghana Oil Co PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Ghana Oil Co's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2022)
	=	1.50	/	2.013
	=	0.75

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Ghana Oil Co (XGHA:GOIL) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Ghana Oil Co PB Ratio Related Terms

Thank you for viewing the detailed overview of Ghana Oil Co's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Ghana Oil Co (XGHA:GOIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ghana Oil Co Ltd (XGHA:GOIL) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Junction of Kojo Thompson and Adjaben Roads, Building No. D 659/4, P.O. Box GP 3183, Adabraka, Accra, GHA

Website

https://www.goil.com.gh

Ghana Oil Co Ltd (GOIL) is engaged in the marketing and distribution of petroleum products. Its objective is to market petroleum products 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.

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