MTNOF (MTN Group) EBIT: $3,903 Mil (TTM As of Dec. 2025)

What is MTN Group EBIT?

MTN Group MTNOF 71 EBIT is $3,903 Mil as of Dec. 2025. GuruFocus rates MTNOF with a GF Score™ of 71/100 and a GF Value™ of $8.78 (Significantly Overvalued). The stock has 8 warning signs investors should review.

MTN Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was $2,172 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $3,903 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MTN Group's annualized ROC % for the quarter that ended in Dec. 2025 was 11.27%. MTN Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 40.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MTN Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 14.60%.

MTN Group (OTCPK:MTNOF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

MTN Group's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

	ROC % (Q: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	4114.61 * ( 1 - 42.41% )	/	( (19581.028	+	22455.102)	/ 2 )
=	2369.603899	/	21018.065
=	11.27 %

where

	Invested Capital		(Q: Jun. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	26710.232	-	7786.17	-	( 5965.387	-	max(0, 9463.013	-	8806.047	+	5965.387	))
=	19581.028

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	29627.57	-	7874.316	-	( 8459.19	-	max(0, 11746.6	-	11044.752	+	8459.19	))
=	22455.102

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

MTN Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2025		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	4344.52	/	( ( (10349.779 + max(-5442.373, 0))	+	(11002.81 + max(-8620.78, 0)) )	/	2 )
=	4344.52	/	( ( 10349.779	+	11002.81 )	/	2 )
=	4344.52	/	10676.2945
=	40.69 %

where Working Capital is:

	Working Capital		(Q: Jun. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1899.18	+	0	+	941.48)	-	(7786.17	+	0	+	496.863)
=	-5442.373

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1102.972	+	77.825	+	264.187)	-	(7874.316	+	0	+	2191.448)
=	-8620.78

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

MTN Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2025 )
	=	3902.919	/	26723.864
	=	14.60 %

* 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 EBIT Related Terms

MTN Group EBIT Historical Data

* Premium members only.

The historical data trend for MTN Group's EBIT can be seen below:

MTN Group EBIT Chart

MTN Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

Get a 7-Day Free Trial

2,640.01

3,194.62

1,648.81

802.99

4,004.41

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
EBIT	Get a 7-Day Free Trial															718.84	-56.27	859.91	1,730.66	2,172.26

MTNOF vs TMUS, VZ, T: EBIT Comparison

For the Telecom Services subindustry, MTN Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, MTN Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where MTN Group's EV-to-EBIT falls into.

Save Embed

71GF Score

MTN Group Ltd MTNOF

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

MTN Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $3,903 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $3,903 Mil mean?

MTN Group (MTNOF) has a EBIT of $3,903 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on MTN Group.

Is MTN Group's EBIT too high?

MTN Group's current EBIT is $3,903 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 EBIT compare to TMUS and VZ?

MTN Group's EBIT of $3,903 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 EBIT for a Telecommunication Services company?

A good EBIT depends on the Telecommunication Services industry context. However, EBIT 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 EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on MTN Group. MTN Group's current EBIT is $3,903 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 $8.78, compared to a current price of $13.40 — trading 52.6% above its estimated fair value. The current EBIT is $3,903 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 EBIT calculated?

EBIT is calculated from a company's financial statements. For MTN Group (MTNOF), the current EBIT is $3,903 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 52.6% above its estimated GF Value™ of $8.78. GuruFocus considers MTN Group to be Significantly Overvalued.

Key valuation signals for MTNOF:

EBIT: $3,903 Mil
GF Value™: $8.78 vs. price of $13.40 (52.6% 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

Industry Communication Services Telecommunication Services

Comparable Companies JSE:VOD JSE:TKG JSE:CCD JSE:BLU JSE:YYLBEE JSE:TLM TSE:9984 SHSE:600941 TMUS VZ T XTER:DTE NSE:BHARTIARTL CMCSA XZIM:ECO.ZW HKSE:00728 MEX:AMXB TSE:9432 TSE:9433 TSE:9434

Other Exchanges MTN:South Africa MTNOY:USA LL6:Germany

Address Innovation Centre 216 - 14th Avenue, Fairland, Roodepoort, Gauteng, Johannesburg, ZAF, 2195

Website https://www.mtn.com

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

Get the complete analysis for MTNOF

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

$13.40

Price

$8.78

GF Value

View MTNOF Analysis

See EBIT data for all stocks →