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MTN GroupSTU:LL6 +0.93%82 Debt-to-Equity is 1.01 as of Dec. 2025, which is 14% below its 10-year median of 1.18. GuruFocus rates STU:LL6 with a GF Score™ of 82/100 and a GF Value™ of €7.95 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 324 Telecommunication Services companies, MTN Group ranks worse than 65.43% 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 Group's Debt-to-Equity or its related term are showing as below:
STU:LL6'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.84 Med: 1.18 Max: 1.68
Current: 1.01
During the past 13 years, the highest Debt-to-Equity Ratio of MTN Group was 1.68. The lowest was 0.84. And the median was 1.18.
STU:LL6's Debt-to-Equity is ranked worse than 65.43% of 324
companies
in the Telecommunication Services industry
Industry Median: 0.615
vs STU:LL6: 1.01
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 Group Debt-to-Equity Related Terms
MTN Group Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for MTN Group's Debt-to-Equity 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.
For the Telecom Services subindustry, MTN Group'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 Group Debt-to-Equity vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where MTN Group'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 Group (STU:LL6) has a Debt-to-Equity of 1.01 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on MTN Group and its competitors. This is 14% below median its historical median of 1.18. Over the past decade, MTN Group's Debt-to-Equity has ranged from 0.84 to 1.68. According to the industry distribution chart, MTN Group ranks #212 out of 324 companies in the Telecommunication Services industry, placing it in the top 65.4%.
Is MTN Group's Debt-to-Equity too high?
MTN Group's current Debt-to-Equity of 1.01 is 14% below median its 10-year median of 1.18. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 1.68. The Telecommunication Services industry median Debt-to-Equity is 0.62. MTN Group's value of 1.01 is 64.2% above this industry median. Based on the distribution chart, MTN Group ranks #212 out of 324 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, MTN Group has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Group's Debt-to-Equity compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, MTN Group ranks #212 out of 324 companies for Debt-to-Equity. This places MTN Group in the lower half of its industry. The industry median Debt-to-Equity is 0.62. MTN Group's value of 1.01 is 64.2% above this benchmark. Historically, MTN Group's own Debt-to-Equity has ranged from 0.84 to 1.68 over the past decade. While the company's 10-year median is 1.18 vs. the industry median of 0.62, MTN Group 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 0.62, 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 Group's current Debt-to-Equity of 1.01 is 64.2% 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 Group and its competitors. For the Telecommunication Services industry, the median Debt-to-Equity is 0.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Group's current Debt-to-Equity is 1.01, which is 14% below median its own 10-year median of 1.18. 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 €7.95, compared to a current price of €10.80 — trading 35.8% above its estimated fair value. The current Debt-to-Equity is 1.01, which is 14% below median its 10-year median of 1.18 and 64.2% above the Telecommunication Services industry median of 0.62. MTN Group's overall GF Score™ is 82/100 with 8 warning signs 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 Group (STU:LL6), the current Debt-to-Equity is 1.01 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 €10.80 is trading 35.8% above its estimated GF Value™ of €7.95.
GuruFocus considers MTN Group to be Significantly Overvalued.
Key valuation signals for STU:LL6:
Debt-to-Equity: 1.01 (14% below median its 10-year median of 1.18)
GF Value™: €7.95 vs. price of €10.80 (35.8% above fair value)
Industry Position: 64.2% above the Telecommunication Services median (#212 of 324)
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.
82GF Score
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