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MTN GroupFRA:LL6 -2.00%74 EV-to-OCF is 4.96 as of Aug. 27, 2026, which is 15% below its 10-year median of 5.82. GuruFocus rates FRA:LL6 with a GF Score™ of 74/100 and a GF Value™ of €3.21 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 369 Telecommunication Services companies, MTN Group ranks better than 66.94% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, MTN Group's Enterprise Value is €21,361 Mil.
MTN Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €4,305 Mil. Therefore, MTN Group's EV-to-OCF for today is 4.96.
The historical rank and industry rank for MTN Group's EV-to-OCF or its related term are showing as below:
FRA:LL6'
s EV-to-OCF Range Over the Past 10 Years
Min: 3.24 Med: 5.82 Max: 20.55
Current: 4.78
During the past 13 years, the highest EV-to-OCF of MTN Group was 20.55. The lowest was 3.24. And the median was 5.82.
FRA:LL6's EV-to-OCF is ranked better than 66.94% of 369
companies
in the Telecommunication Services industry
Industry Median: 7.25
vs FRA:LL6: 4.78
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 Group's share price for today is €9.80.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. MTN Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €0.500.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
MTN Group EV-to-OCF Related Terms
MTN Group EV-to-OCF Historical Data
* Premium members only.
The historical data trend for MTN Group's EV-to-OCF 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 Group's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Group's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where MTN Group's EV-to-OCF falls into.
MTN Group's current Enterprise Value is €21,361 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. MTN Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €4,305 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 Group (FRA:LL6) has a EV-to-OCF of 4.96 as of Aug. 27, 2026. This is 15% below median its historical median of 5.82. Over the past decade, MTN Group's EV-to-OCF has ranged from 3.24 to 20.55. According to the industry distribution chart, MTN Group ranks #122 out of 369 companies in the Telecommunication Services industry, placing it in the top 33.1%.
Is MTN Group's EV-to-OCF too high?
MTN Group's current EV-to-OCF of 4.96 is 15% below median its 10-year median of 5.82. Over the past 10 years, this metric has ranged from a low of 3.24 to a high of 20.55. The Telecommunication Services industry median EV-to-OCF is 7.25. MTN Group's value of 4.96 is 31.6% below this industry median. Based on the distribution chart, MTN Group ranks #122 out of 369 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, MTN Group has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Group's EV-to-OCF compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, MTN Group ranks #122 out of 369 companies for EV-to-OCF. This puts MTN Group in the upper half of its industry. The industry median EV-to-OCF is 7.25. MTN Group's value of 4.96 is 31.6% below this benchmark. Historically, MTN Group's own EV-to-OCF has ranged from 3.24 to 20.55 over the past decade. While the company's 10-year median is 5.82 vs. the industry median of 7.25, MTN Group 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-OCF for a Telecommunication Services company?
The median EV-to-OCF among Telecommunication Services companies is 7.25, based on 369 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Group's current EV-to-OCF of 4.96 is 31.6% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Telecommunication Services industry, the median EV-to-OCF is 7.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Group's current EV-to-OCF is 4.96, which is 15% below median its own 10-year median of 5.82. 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 (FRA:LL6) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.21, compared to a current price of €9.80 — trading 205.3% above its estimated fair value. The current EV-to-OCF is 4.96, which is 15% below median its 10-year median of 5.82 and 31.6% below the Telecommunication Services industry median of 7.25. MTN Group's overall GF Score™ is 74/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For MTN Group (FRA:LL6), the current EV-to-OCF is 4.96 as of Aug. 27, 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 Group (FRA:LL6) Overvalued in 2026?
Based on GuruFocus' analysis, MTN Group stock appears to be overvalued.
The current stock price of €9.80 is trading 205.3% above its estimated GF Value™ of €3.21.
GuruFocus considers MTN Group to be Significantly Overvalued.
Key valuation signals for FRA:LL6:
EV-to-OCF: 4.96 (15% below median its 10-year median of 5.82)
GF Value™: €3.21 vs. price of €9.80 (205.3% above fair value)
Industry Position: 31.6% below the Telecommunication Services median (#122 of 369)
No single metric tells the full story. See the FRA:LL6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
74GF Score
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