MTN Ghana (XGHA:MTNGH) EBITDA Margin %: 63.20% (As of Mar. 2026) — 15% Above Median


XGHA:MTNGH MTN Ghana XGHA:MTNGH
100 GF Score
Price GHS6.40
GF Value GHS4.21
Valuation Significantly Overvalued
! 6 Warning Signs
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What is MTN Ghana EBITDA Margin %?

MTN Ghana XGHA:MTNGH -0.31% 100 EBITDA Margin % is 63.20% as of Mar. 2026, which is 15% above its 10-year median of 55.17. GuruFocus rates XGHA:MTNGH with a GF Score™ of 100/100 and a GF Value™ of GHS4.21 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 363 Telecommunication Services companies, MTN Ghana ranks better than 93.39% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. MTN Ghana's EBITDA for the three months ended in Mar. 2026 was GHS4,597 Mil. MTN Ghana's Revenue for the three months ended in Mar. 2026 was GHS7,274 Mil. Therefore, MTN Ghana's EBITDA margin for the quarter that ended in Mar. 2026 was 63.20%.


MTN Ghana  (XGHA:MTNGH) 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 Ghana EBITDA Margin % Related Terms


MTN Ghana EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for MTN Ghana'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 Ghana EBITDA Margin % Chart

MTN Ghana Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
Get a 7-Day Free Trial Premium Member Only 55.17 57.41 59.07 59.26 61.71

MTN Ghana 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 60.70 60.52 59.86 64.31 63.20

XGHA:MTNGH vs TMUS, VZ, T: EBITDA Margin % Comparison

For the Telecom Services subindustry, MTN Ghana'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 Ghana EBITDA Margin % vs Telecommunication Services Industry

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

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


XGHA:MTNGH
100GF Score
MTN Ghana XGHA:MTNGH
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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MTN Ghana EBITDA Margin % Calculation

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

MTN Ghana'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 )
=15076.654/24430.308
=61.71 %

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

EBITDA Margin %=EBITDA (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=4596.825/7273.963
=63.20 %

* 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 63.20% mean?
MTN Ghana (XGHA:MTNGH) has a EBITDA Margin % of 63.20% 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 Ghana and its competitors. This is 15% above median its historical median of 55.17. Over the past decade, MTN Ghana's EBITDA Margin % has ranged from 38.41 to 62.12. According to the industry distribution chart, MTN Ghana ranks #24 out of 363 companies in the Telecommunication Services industry, placing it in the top 6.6%.
Is MTN Ghana's EBITDA Margin % too high?
MTN Ghana's current EBITDA Margin % of 63.20% is 15% above median its 10-year median of 55.17. Over the past 10 years, this metric has ranged from a low of 38.41 to a high of 62.12. The Telecommunication Services industry median EBITDA Margin % is 25.57. MTN Ghana's value of 63.20% is 147.2% above this industry median. Based on the distribution chart, MTN Ghana ranks #24 out of 363 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, MTN Ghana has a GF Score™ of 100/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Ghana's EBITDA Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, MTN Ghana ranks #24 out of 363 companies for EBITDA Margin %. This places MTN Ghana in the top 7% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 25.57. MTN Ghana's value of 63.20% is 147.2% above this benchmark. Historically, MTN Ghana's own EBITDA Margin % has ranged from 38.41 to 62.12 over the past decade. While the company's 10-year median is 55.17 vs. the industry median of 25.57, MTN Ghana 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 363 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 Ghana's current EBITDA Margin % of 63.20% is 147.2% 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 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 Ghana 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 Ghana's current EBITDA Margin % is 63.20%, which is 15% above median its own 10-year median of 55.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTN Ghana stock overvalued right now?
Based on GuruFocus' analysis, MTN Ghana (XGHA:MTNGH) is currently considered Significantly Overvalued. The stock's GF Value™ is GHS4.21, compared to a current price of GHS6.40 — trading 52% above its estimated fair value. The current EBITDA Margin % is 63.20%, which is 15% above median its 10-year median of 55.17 and 147.2% above the Telecommunication Services industry median of 25.57. MTN Ghana's overall GF Score™ is 100/100 with 6 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 Ghana (XGHA:MTNGH), the current EBITDA Margin % is 63.20% 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 Ghana (XGHA:MTNGH) Overvalued in 2026?

Based on GuruFocus' analysis, MTN Ghana stock appears to be overvalued. The current stock price of GHS6.40 is trading 52% above its estimated GF Value™ of GHS4.21. GuruFocus considers MTN Ghana to be Significantly Overvalued.

Key valuation signals for XGHA:MTNGH:

  • EBITDA Margin %: 63.20% (15% above median its 10-year median of 55.17)
  • GF Value™: GHS4.21 vs. price of GHS6.40 (52% above fair value)
  • GF Score™: 100/100 with 6 warning signs
  • Industry Position: 147.2% above the Telecommunication Services median (#24 of 363)

No single metric tells the full story. See the XGHA:MTNGH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MTN Ghana Business Description

Address MTN House, Independence Avenue, West Ridge, Plot OER 6, Accra, GHA
MTN Ghana is a Ghana-based company that provides mobile financial services in the financial services industry. The principal activities are the provision of telecommunication services including voice, data, and enterprise solutions, mobile financial services, the development of strategic partnerships to provide developed services, and the provision of consultancy and support services in the mobile banking, payment services and fintech space. The company has four reportable segments, namely Network services, Interconnect and roaming, Digital and Fintech, and devices and accessories, out of which it derives maximum revenue from Network services.
100GF Score

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

GHS6.40
Price
GHS4.21
GF Value