MTNOF (MTN Group) Construction In Progress: $1,310 Mil (As of Dec. 2025)


MTNOF MTN Group Ltd MTNOF
71 GF Score
Price $13.40
GF Value $9.10
Valuation Significantly Overvalued
! 8 Warning Signs
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What is MTN Group Construction In Progress?

MTN Group MTNOF 71 Construction In Progress is $1,310 Mil as of Dec. 2025. GuruFocus rates MTNOF with a GF Score™ of 71/100 and a GF Value™ of $9.10 (Significantly Overvalued). The stock has 8 warning signs investors should review.

MTN Group's quarterly construction in progress declined from Dec. 2024 ($1,233 Mil) to Jun. 2025 ($0 Mil) but then increased from Jun. 2025 ($0 Mil) to Dec. 2025 ($1,310 Mil).

MTN Group's annual construction in progress increased from Dec. 2023 ($0 Mil) to Dec. 2024 ($1,233 Mil) and increased from Dec. 2024 ($1,233 Mil) to Dec. 2025 ($1,310 Mil).

MTN Group Construction In Progress Historical Data

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The historical data trend for MTN Group's Construction In Progress 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.

MTN Group Construction In Progress Chart

MTN Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 854.17 0.00 1,232.67 1,310.31

MTN Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 1,232.67 0.00 1,310.31
MTNOF
71GF Score
MTN Group Ltd MTNOF
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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MTN Group Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $1,310 Mil mean?
MTN Group (MTNOF) has a Construction In Progress of $1,310 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on MTN Group and its competitors.
Is MTN Group's Construction In Progress too high?
MTN Group's current Construction In Progress is $1,310 Mil. Overall, MTN Group has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Group's Construction In Progress compare to TMUS and VZ?
MTN Group's Construction In Progress of $1,310 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 Construction In Progress for a Telecommunication Services company?
A good Construction In Progress depends on the Telecommunication Services industry context. However, Construction In Progress 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 Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on MTN Group and its competitors. MTN Group's current Construction In Progress is $1,310 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 (MTNOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.10, compared to a current price of $13.40 — trading 47.3% above its estimated fair value. The current Construction In Progress is $1,310 Mil. MTN Group's overall GF Score™ is 71/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For MTN Group (MTNOF), the current Construction In Progress is $1,310 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 (MTNOF) Overvalued in 2026?

Based on GuruFocus' analysis, MTN Group stock appears to be overvalued. The current stock price of $13.40 is trading 47.3% above its estimated GF Value™ of $9.10. GuruFocus considers MTN Group to be Significantly Overvalued.

Key valuation signals for MTNOF:

  • Construction In Progress: $1,310 Mil
  • GF Value™: $9.10 vs. price of $13.40 (47.3% above fair value)
  • GF Score™: 71/100 with 8 warning signs

No single metric tells the full story. See the MTNOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MTN Group Business Description

Address Innovation Centre 216 - 14th Avenue, Fairland, Roodepoort, Gauteng, Johannesburg, ZAF, 2195
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.
71GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.40
Price
$9.10
GF Value