Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. MTN Group's shares outstanding for the quarter that ended in Dec. 2025 was 1,833 Mil.
MTN Group's quarterly shares outstanding
increased
from Jun. 2025 (1,807 Mil) to Dec. 2025 (1,833 Mil).
It means MTN Groupissued new shares from Jun. 2025 to Dec. 2025 .
MTN Group's annual shares outstanding
increased
from Dec. 2024 (1,807 Mil) to Dec. 2025 (1,833 Mil).
It means MTN Groupissued new shares from Dec. 2024 to Dec. 2025 .
MTN Group (STU:LL6) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
MTN Group Shares Outstanding (EOP) Related Terms
MTN Group Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for MTN Group's Shares Outstanding (EOP) 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.
STU:LL6 vs TMUS, VZ, T: Shares Outstanding (EOP) Comparison
For the Telecom Services subindustry, MTN Group's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) 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.
MTN Group Shares Outstanding (EOP) vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Group's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where MTN Group's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 1,833 Mil mean?
MTN Group (STU:LL6) has a Shares Outstanding (EOP) of 1,833 Mil as of Dec. 2025. The total shares a company has outstanding, at period-end. View historical data on MTN Group and its competitors.
Is MTN Group's Shares Outstanding (EOP) too high?
MTN Group's current Shares Outstanding (EOP) is 1,833 Mil. Overall, MTN Group has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Group's Shares Outstanding (EOP) compare to TMUS and VZ?
MTN Group's Shares Outstanding (EOP) of 1,833 Mil can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Telecommunication Services company?
A good Shares Outstanding (EOP) depends on the Telecommunication Services industry context. However, Shares Outstanding (EOP) 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 Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on MTN Group and its competitors. MTN Group's current Shares Outstanding (EOP) is 1,833 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTN Group stock overvalued right now?
Based on GuruFocus' analysis, MTN Group (STU:LL6) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.81, compared to a current price of €11.80 — trading 51.1% above its estimated fair value. The current Shares Outstanding (EOP) is 1,833 Mil. MTN Group's overall GF Score™ is 78/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For MTN Group (STU:LL6), the current Shares Outstanding (EOP) is 1,833 Mil 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 MTN Group (STU:LL6) Overvalued in 2026?
Based on GuruFocus' analysis, MTN Group stock appears to be overvalued.
The current stock price of €11.80 is trading 51.1% above its estimated GF Value™ of €7.81.
GuruFocus considers MTN Group to be Significantly Overvalued.
Key valuation signals for STU:LL6:
Shares Outstanding (EOP): 1,833 Mil
GF Value™: €7.81 vs. price of €11.80 (51.1% above fair value)
No single metric tells the full story. See the STU:LL6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MTN Group Ltd is a mobile telecommunications provider. The company also has a joint venture in Iran. From a product perspective, the majority of its revenue is from voice and data. Other contributors include SMS and sale of devices revenue. MTN also provides enterprise services to small/midsize enterprises and corporate clients. The company owns the mobile infrastructure and data centers. Its segments include Network services, Mobile devices, Interconnect and roaming, Digital and fintech and others. It derives maximum revenue from Network Services segment. Geographically, the company operates across South Africa, Nigeria, South and East Africa (SEA), GHASEA, Middle East and North Africa (MENA). The majority of the company's revenue is earned in and Nigeria.
78GF Score
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Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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