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MTN Nigeria CommunicationsNSA:MTNN 87 Debt-to-Equity is 2.99 as of Jun. 2026, which is 43% below its 10-year median of 5.21. GuruFocus rates NSA:MTNN with a GF Score™ of 87/100 and a GF Value™ of ₦624.04 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 324 Telecommunication Services companies, MTN Nigeria Communications ranks worse than 92.9% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for MTN Nigeria Communications's Debt-to-Equity or its related term are showing as below:
NSA:MTNN'
s Debt-to-Equity Range Over the Past 10 Years
Min: -75.56 Med: 5.21 Max: 10.56
Current: 2.99
During the past 8 years, the highest Debt-to-Equity Ratio of MTN Nigeria Communications was 10.56. The lowest was -75.56. And the median was 5.21.
NSA:MTNN's Debt-to-Equity is ranked worse than 92.9% of 324
companies
in the Telecommunication Services industry
Industry Median: 0.61
vs NSA:MTNN: 2.99
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
MTN Nigeria Communications Debt-to-Equity Related Terms
MTN Nigeria Communications Debt-to-Equity Historical Data
* 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.
NSA:MTNN vs VZ, TMUS, T: Debt-to-Equity Comparison
For the Telecom Services subindustry, MTN Nigeria Communications's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Nigeria Communications Debt-to-Equity vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Nigeria Communications's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where MTN Nigeria Communications's Debt-to-Equity 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.
MTN Nigeria Communications (NSA:MTNN) has a Debt-to-Equity of 2.99 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on MTN Nigeria Communications and its competitors. This is 43% below median its historical median of 5.21. According to the industry distribution chart, MTN Nigeria Communications ranks #301 out of 324 companies in the Telecommunication Services industry, placing it in the top 92.9%.
Is MTN Nigeria Communications' Debt-to-Equity too high?
MTN Nigeria Communications' current Debt-to-Equity of 2.99 is 43% below median its 10-year median of 5.21. The Telecommunication Services industry median Debt-to-Equity is 0.61. MTN Nigeria Communications' value of 2.99 is 390.2% above this industry median. Based on the distribution chart, MTN Nigeria Communications ranks #301 out of 324 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, MTN Nigeria Communications has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Nigeria Communications' Debt-to-Equity compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, MTN Nigeria Communications ranks #301 out of 324 companies for Debt-to-Equity. This places MTN Nigeria Communications in the lower half of its industry. The industry median Debt-to-Equity is 0.61. MTN Nigeria Communications' value of 2.99 is 390.2% above this benchmark. While the company's 10-year median is 5.21 vs. the industry median of 0.61, MTN Nigeria Communications has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Telecommunication Services company?
The median Debt-to-Equity among Telecommunication Services companies is 0.61, based on 324 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Nigeria Communications's current Debt-to-Equity of 2.99 is 390.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on MTN Nigeria Communications and its competitors. For the Telecommunication Services industry, the median Debt-to-Equity is 0.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Nigeria Communications's current Debt-to-Equity is 2.99, which is 43% below median its own 10-year median of 5.21. 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 Modestly Overvalued. The stock's GF Value™ is ₦624.04, compared to a current price of ₦779.00 — trading 24.8% above its estimated fair value. The current Debt-to-Equity is 2.99, which is 43% below median its 10-year median of 5.21 and 390.2% above the Telecommunication Services industry median of 0.61. MTN Nigeria Communications' overall GF Score™ is 87/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For MTN Nigeria Communications (NSA:MTNN), the current Debt-to-Equity is 2.99 as of Jun. 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 ₦779.00 is trading 24.8% above its estimated GF Value™ of ₦624.04.
GuruFocus considers MTN Nigeria Communications to be Modestly Overvalued.
Key valuation signals for NSA:MTNN:
Debt-to-Equity: 2.99 (43% below median its 10-year median of 5.21)
GF Value™: ₦624.04 vs. price of ₦779.00 (24.8% above fair value)
Industry Position: 390.2% above the Telecommunication Services median (#301 of 324)
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 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.
87GF Score
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