Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
MTN Nigeria CommunicationsNSA:MTNN +0.12%87 Earnings Yield (Joel Greenblatt) % is 15.55% as of Jun. 2026, which is 38% above its 10-year median of 11.24. GuruFocus rates NSA:MTNN with a GF Score™ of 87/100 and a GF Value™ of ₦628.13 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 374 Telecommunication Services companies, MTN Nigeria Communications ranks better than 86.1% on this metric.
MTN Nigeria Communications's Enterprise Value for the quarter that ended in Jun. 2026 was ₦16,992,101 Mil.
MTN Nigeria Communications's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was ₦2,642,609 Mil. MTN Nigeria Communications's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 15.55%.
The historical rank and industry rank for MTN Nigeria Communications's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NSA:MTNN'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -10.02 Med: 11.24 Max: 17.26
Current: 14.02
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of MTN Nigeria Communications was 17.26%. The lowest was -10.02%. And the median was 11.24%.
NSA:MTNN's Earnings Yield (Joel Greenblatt) % is ranked better than 86.1% of 374
companies
in the Telecommunication Services industry
Industry Median: 5.905
vs NSA:MTNN: 14.02
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. MTN Nigeria Communications's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
MTN Nigeria Communications Earnings Yield (Joel Greenblatt) % Related Terms
MTN Nigeria Communications Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for MTN Nigeria Communications's Earnings Yield (Joel Greenblatt) % 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 Nigeria Communications's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Nigeria Communications's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where MTN Nigeria Communications's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
MTN Nigeria Communicationss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
MTN Nigeria Communications's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦2,642,609 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 15.55% mean?
MTN Nigeria Communications (NSA:MTNN) has a Earnings Yield (Joel Greenblatt) % of 15.55% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on MTN Nigeria Communications and its competitors. This is 38% above median its historical median of 11.24. According to the industry distribution chart, MTN Nigeria Communications ranks #52 out of 374 companies in the Telecommunication Services industry, placing it in the top 13.9%.
Is MTN Nigeria Communications' Earnings Yield (Joel Greenblatt) % too high?
MTN Nigeria Communications' current Earnings Yield (Joel Greenblatt) % of 15.55% is 38% above median its 10-year median of 11.24. The Telecommunication Services industry median Earnings Yield (Joel Greenblatt) % is 5.91. MTN Nigeria Communications' value of 15.55% is 163.3% above this industry median. Based on the distribution chart, MTN Nigeria Communications ranks #52 out of 374 companies in the Telecommunication Services industry, which is in the top quartile — a strong position 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' Earnings Yield (Joel Greenblatt) % compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, MTN Nigeria Communications ranks #52 out of 374 companies for Earnings Yield (Joel Greenblatt) %. This places MTN Nigeria Communications in the top 14% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 5.91. MTN Nigeria Communications' value of 15.55% is 163.3% above this benchmark. While the company's 10-year median is 11.24 vs. the industry median of 5.91, 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 Earnings Yield (Joel Greenblatt) % for a Telecommunication Services company?
The median Earnings Yield (Joel Greenblatt) % among Telecommunication Services companies is 5.91, based on 374 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Nigeria Communications's current Earnings Yield (Joel Greenblatt) % of 15.55% is 163.3% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on MTN Nigeria Communications and its competitors. For the Telecommunication Services industry, the median Earnings Yield (Joel Greenblatt) % is 5.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Nigeria Communications's current Earnings Yield (Joel Greenblatt) % is 15.55%, which is 38% above median its own 10-year median of 11.24. 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 ₦628.13, compared to a current price of ₦808.00 — trading 28.6% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 15.55%, which is 38% above median its 10-year median of 11.24 and 163.3% above the Telecommunication Services industry median of 5.91. 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 Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For MTN Nigeria Communications (NSA:MTNN), the current Earnings Yield (Joel Greenblatt) % is 15.55% 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 ₦808.00 is trading 28.6% above its estimated GF Value™ of ₦628.13.
GuruFocus considers MTN Nigeria Communications to be Modestly Overvalued.
Key valuation signals for NSA:MTNN:
Earnings Yield (Joel Greenblatt) %: 15.55% (38% above median its 10-year median of 11.24)
GF Value™: ₦628.13 vs. price of ₦808.00 (28.6% above fair value)
Industry Position: 163.3% above the Telecommunication Services median (#52 of 374)
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
Get the complete analysis for NSA:MTNN
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSA:MTNN has been successfully added to your 
