MTN Nigeria Communications (NSA:MTNN) Construction In Progress: ₦280,674 Mil (As of Mar. 2026)


NSA:MTNN MTN Nigeria Communications PLC NSA:MTNN
85 GF Score
Price ₦830.00
GF Value ₦612.30
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is MTN Nigeria Communications Construction In Progress?

MTN Nigeria Communications NSA:MTNN 85 Construction In Progress is ₦280,674 Mil as of Mar. 2026. GuruFocus rates NSA:MTNN with a GF Score™ of 85/100 and a GF Value™ of ₦612.30 (Significantly Overvalued). The stock has 3 warning signs investors should review.

MTN Nigeria Communications's quarterly construction in progress declined from Sep. 2025 (₦198,401 Mil) to Dec. 2025 (₦153,640 Mil) but then increased from Dec. 2025 (₦153,640 Mil) to Mar. 2026 (₦280,674 Mil).

MTN Nigeria Communications's annual construction in progress increased from Dec. 2023 (₦193,923 Mil) to Dec. 2024 (₦199,603 Mil) but then declined from Dec. 2024 (₦199,603 Mil) to Dec. 2025 (₦153,640 Mil).

MTN Nigeria Communications Construction In Progress Historical Data

* Premium members only.

The historical data trend for MTN Nigeria Communications'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 Nigeria Communications Construction In Progress Chart

MTN Nigeria Communications Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial 0.00 138,678.00 193,923.00 199,603.00 153,640.00

MTN Nigeria Communications Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 255,803.00 329,171.00 198,401.00 153,640.00 280,674.00
NSA:MTNN
85GF Score
MTN Nigeria Communications PLC NSA:MTNN
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MTN Nigeria Communications 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 ₦280,674 Mil mean?
MTN Nigeria Communications (NSA:MTNN) has a Construction In Progress of ₦280,674 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on MTN Nigeria Communications and its competitors.
Is MTN Nigeria Communications' Construction In Progress too high?
MTN Nigeria Communications' current Construction In Progress is ₦280,674 Mil. Overall, MTN Nigeria Communications has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Nigeria Communications' Construction In Progress compare to TMUS and VZ?
MTN Nigeria Communications' Construction In Progress of ₦280,674 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 Nigeria Communications and its competitors. MTN Nigeria Communications's current Construction In Progress is ₦280,674 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTN Nigeria Communications stock overvalued right now?
Based on GuruFocus' analysis, MTN Nigeria Communications (NSA:MTNN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦612.30, compared to a current price of ₦830.00 — trading 35.6% above its estimated fair value. The current Construction In Progress is ₦280,674 Mil. MTN Nigeria Communications' overall GF Score™ is 85/100 with 3 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 Nigeria Communications (NSA:MTNN), the current Construction In Progress is ₦280,674 Mil 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 MTN Nigeria Communications (NSA:MTNN) Overvalued in 2026?

Based on GuruFocus' analysis, MTN Nigeria Communications stock appears to be overvalued. The current stock price of ₦830.00 is trading 35.6% above its estimated GF Value™ of ₦612.30. GuruFocus considers MTN Nigeria Communications to be Significantly Overvalued.

Key valuation signals for NSA:MTNN:

  • Construction In Progress: ₦280,674 Mil
  • GF Value™: ₦612.30 vs. price of ₦830.00 (35.6% above fair value)
  • GF Score™: 85/100 with 3 warning signs

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

MTN Nigeria Communications Business Description

Address 4 Aromire Road, Off Alfred Rewane, Ikoyi, Lagos, NGA
MTN Nigeria Communications PLC is a provider of communications services. The principal activities of the company are the provision of broadband fixed wireless access service, mobile broadband solutions, and fibre-to-the-home connectivity. The group operates in three reportable segments, namely, Consumer Business Unit (CBU), which consists of subscribers sitting in value propositions and tariff plans for Youth, High Value, and Mass segments, Enterprise Business Unit (EBU), which consists of small and medium organizations to whom the services are provided, and Wholesale Business Unit (WBU), which serves customers who buy MTN telecom products. The majority of the revenue is generated from the CBU segment.
85GF Score

Get the complete analysis for NSA:MTNN

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

₦830.00
Price
₦612.30
GF Value