MTN Nigeria Communications (NSA:MTNN) EBITDA Margin %: 57.60% (As of Mar. 2026) — 14% Above Median


NSA:MTNN MTN Nigeria Communications PLC NSA:MTNN
85 GF Score
Price ₦830.00
GF Value ₦611.89
Valuation Significantly Overvalued
! 3 Warning Signs
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What is MTN Nigeria Communications EBITDA Margin %?

MTN Nigeria Communications NSA:MTNN 85 EBITDA Margin % is 57.60% as of Mar. 2026, which is 14% above its 10-year median of 50.49. GuruFocus rates NSA:MTNN with a GF Score™ of 85/100 and a GF Value™ of ₦611.89 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 367 Telecommunication Services companies, MTN Nigeria Communications ranks better than 91.83% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. MTN Nigeria Communications's EBITDA for the three months ended in Mar. 2026 was ₦863,042 Mil. MTN Nigeria Communications's Revenue for the three months ended in Mar. 2026 was ₦1,498,321 Mil. Therefore, MTN Nigeria Communications's EBITDA margin for the quarter that ended in Mar. 2026 was 57.60%.


MTN Nigeria Communications  (NSA:MTNN) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


MTN Nigeria Communications EBITDA Margin % Related Terms


MTN Nigeria Communications EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for MTN Nigeria Communications's EBITDA Margin % 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 EBITDA Margin % Chart

MTN Nigeria Communications Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
Get a 7-Day Free Trial 52.27 49.74 19.41 12.14 55.37

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
EBITDA Margin % 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 46.70 53.91 59.01 59.56 57.60

NSA:MTNN vs TMUS, VZ, T: EBITDA Margin % Comparison

For the Telecom Services subindustry, MTN Nigeria Communications's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, MTN Nigeria Communications's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where MTN Nigeria Communications's EBITDA Margin % falls into.


NSA:MTNN
85GF Score
MTN Nigeria Communications PLC NSA:MTNN
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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MTN Nigeria Communications EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

MTN Nigeria Communications's EBITDA Margin % for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=2880913/5202905
=55.37 %

MTN Nigeria Communications's EBITDA Margin % for the quarter that ended in Mar. 2026 is calculated as

EBITDA Margin %=EBITDA (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=863042/1498321
=57.60 %

* 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.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of 57.60% mean?
MTN Nigeria Communications (NSA:MTNN) has a EBITDA Margin % of 57.60% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on MTN Nigeria Communications and its competitors. This is 14% above median its historical median of 50.49. Over the past decade, MTN Nigeria Communications' EBITDA Margin % has ranged from 12.14 to 57.59. According to the industry distribution chart, MTN Nigeria Communications ranks #30 out of 367 companies in the Telecommunication Services industry, placing it in the top 8.2%.
Is MTN Nigeria Communications' EBITDA Margin % too high?
MTN Nigeria Communications' current EBITDA Margin % of 57.60% is 14% above median its 10-year median of 50.49. Over the past 10 years, this metric has ranged from a low of 12.14 to a high of 57.59. The Telecommunication Services industry median EBITDA Margin % is 25.57. MTN Nigeria Communications' value of 57.60% is 125.3% above this industry median. Based on the distribution chart, MTN Nigeria Communications ranks #30 out of 367 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 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Nigeria Communications' EBITDA Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, MTN Nigeria Communications ranks #30 out of 367 companies for EBITDA Margin %. This places MTN Nigeria Communications in the top 8% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 25.57. MTN Nigeria Communications' value of 57.60% is 125.3% above this benchmark. Historically, MTN Nigeria Communications' own EBITDA Margin % has ranged from 12.14 to 57.59 over the past decade. While the company's 10-year median is 50.49 vs. the industry median of 25.57, 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 EBITDA Margin % for a Telecommunication Services company?
The median EBITDA Margin % among Telecommunication Services companies is 25.57, based on 367 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Nigeria Communications's current EBITDA Margin % of 57.60% is 125.3% 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on MTN Nigeria Communications and its competitors. For the Telecommunication Services industry, the median EBITDA Margin % is 25.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Nigeria Communications's current EBITDA Margin % is 57.60%, which is 14% above median its own 10-year median of 50.49. 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 ₦611.89, compared to a current price of ₦830.00 — trading 35.6% above its estimated fair value. The current EBITDA Margin % is 57.60%, which is 14% above median its 10-year median of 50.49 and 125.3% above the Telecommunication Services industry median of 25.57. 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 EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For MTN Nigeria Communications (NSA:MTNN), the current EBITDA Margin % is 57.60% 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 ₦611.89. GuruFocus considers MTN Nigeria Communications to be Significantly Overvalued.

Key valuation signals for NSA:MTNN:

  • EBITDA Margin %: 57.60% (14% above median its 10-year median of 50.49)
  • GF Value™: ₦611.89 vs. price of ₦830.00 (35.6% above fair value)
  • GF Score™: 85/100 with 3 warning signs
  • Industry Position: 125.3% above the Telecommunication Services median (#30 of 367)

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

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

₦830.00
Price
₦611.89
GF Value