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MTN Nigeria CommunicationsNSA:MTNN 87 EV-to-EBITDA is 5.51 as of Aug. 21, 2026, which is 3% below its 10-year median of 5.68. GuruFocus rates NSA:MTNN with a GF Score™ of 87/100 and a GF Value™ of ₦620.98 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 314 Telecommunication Services companies, MTN Nigeria Communications ranks better than 64.01% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, MTN Nigeria Communications's enterprise value is ₦18,773,389 Mil.
MTN Nigeria Communications's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₦3,404,420 Mil. Therefore, MTN Nigeria Communications's EV-to-EBITDA for today is 5.51.
The historical rank and industry rank for MTN Nigeria Communications's EV-to-EBITDA or its related term are showing as below:
NSA:MTNN'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -11238.92 Med: 5.68 Max: 20.83
Current: 5.51
During the past 8 years, the highest EV-to-EBITDA of MTN Nigeria Communications was 20.83. The lowest was -11238.92. And the median was 5.68.
NSA:MTNN's EV-to-EBITDA is ranked better than 64.01% of 314
companies
in the Telecommunication Services industry
Industry Median: 6.675
vs NSA:MTNN: 5.51
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
MTN Nigeria Communications's PE Ratio (TTM) for today is calculated as:
MTN Nigeria Communications's share price for today is ₦805.00.
MTN Nigeria Communications's Earnings per Share (Diluted) 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 ₦67.040.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
* 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 EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Nigeria Communications's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where MTN Nigeria Communications's EV-to-EBITDA falls into.
MTN Nigeria Communications's current Enterprise Value is ₦18,773,389 Mil.
MTN Nigeria Communications's EBITDA 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 ₦3,404,420 Mil.
* 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 (NSA:MTNN) has a EV-to-EBITDA of 5.51 as of Aug. 21, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on MTN Nigeria Communications. This is near median its historical median of 5.68. According to the industry distribution chart, MTN Nigeria Communications ranks #113 out of 314 companies in the Telecommunication Services industry, placing it in the top 36%.
Is MTN Nigeria Communications' EV-to-EBITDA too high?
MTN Nigeria Communications' current EV-to-EBITDA of 5.51 is near median its 10-year median of 5.68. The Telecommunication Services industry median EV-to-EBITDA is 6.68. MTN Nigeria Communications' value of 5.51 is 17.5% below this industry median. Based on the distribution chart, MTN Nigeria Communications ranks #113 out of 314 companies in the Telecommunication Services industry, which is above the industry midpoint. 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' EV-to-EBITDA compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, MTN Nigeria Communications ranks #113 out of 314 companies for EV-to-EBITDA. This puts MTN Nigeria Communications in the upper half of its industry. The industry median EV-to-EBITDA is 6.68. MTN Nigeria Communications' value of 5.51 is 17.5% below this benchmark. While the company's 10-year median is 5.68 vs. the industry median of 6.68, MTN Nigeria Communications has consistently been below 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 EV-to-EBITDA for a Telecommunication Services company?
The median EV-to-EBITDA among Telecommunication Services companies is 6.68, based on 314 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Nigeria Communications's current EV-to-EBITDA of 5.51 is 17.5% below 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on MTN Nigeria Communications. For the Telecommunication Services industry, the median EV-to-EBITDA is 6.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Nigeria Communications's current EV-to-EBITDA is 5.51, which is near median its own 10-year median of 5.68. 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 ₦620.98, compared to a current price of ₦805.00 — trading 29.6% above its estimated fair value. The current EV-to-EBITDA is 5.51, which is near median its 10-year median of 5.68 and 17.5% below the Telecommunication Services industry median of 6.68. MTN Nigeria Communications' overall GF Score™ is 87/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For MTN Nigeria Communications (NSA:MTNN), the current EV-to-EBITDA is 5.51 as of Aug. 21, 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 ₦805.00 is trading 29.6% above its estimated GF Value™ of ₦620.98.
GuruFocus considers MTN Nigeria Communications to be Modestly Overvalued.
Key valuation signals for NSA:MTNN:
EV-to-EBITDA: 5.51 (near median its 10-year median of 5.68)
GF Value™: ₦620.98 vs. price of ₦805.00 (29.6% above fair value)
Industry Position: 17.5% below the Telecommunication Services median (#113 of 314)
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
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EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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