MTN Ghana (XGHA:MTNGH) Enterprise Value: GHS89,783 Mil (As of Aug. 07, 2026) ***

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XGHA:MTNGH MTN Ghana XGHA:MTNGH
100 GF Score
Price GHS7.00
GF Value GHS4.28
Valuation Significantly Overvalued
! 6 Warning Signs
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What is MTN Ghana Enterprise Value?

MTN Ghana XGHA:MTNGH -0.14% 100 Enterprise Value is GHS89,783 Mil as of Aug. 07, 2026. GuruFocus rates XGHA:MTNGH with a GF Score™ of 100/100 and a GF Value™ of GHS4.28 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, MTN Ghana's Enterprise Value is GHS89,783 Mil. MTN Ghana's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was GHS13,437 Mil. Therefore, MTN Ghana's EV-to-EBIT ratio for today is 6.68.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, MTN Ghana's Enterprise Value is GHS89,783 Mil. MTN Ghana's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was GHS16,362 Mil. Therefore, MTN Ghana's EV-to-EBITDA ratio for today is 5.49.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, MTN Ghana's Enterprise Value is GHS89,783 Mil. MTN Ghana's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was GHS26,342 Mil. Therefore, MTN Ghana's EV-to-Revenue ratio for today is 3.41.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, MTN Ghana's Enterprise Value is GHS89,783 Mil. MTN Ghana's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was GHS8,799 Mil. Therefore, MTN Ghana's EV-to-OCF ratio for today is 10.20.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, MTN Ghana's Enterprise Value is GHS89,783 Mil. MTN Ghana's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was GHS3,953 Mil. Therefore, MTN Ghana's EV-to-FCF ratio for today is 22.71.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


MTN Ghana  (XGHA:MTNGH) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

MTN Ghana's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=89783.490/13436.827
=6.68

MTN Ghana's current Enterprise Value is GHS89,783 Mil.
MTN Ghana's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was GHS13,437 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

MTN Ghana's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=89783.490/16362.446
=5.49

MTN Ghana's current Enterprise Value is GHS89,783 Mil.
MTN Ghana's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was GHS16,362 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

MTN Ghana's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=89783.490/26342.009
=3.41

MTN Ghana's current Enterprise Value is GHS89,783 Mil.
MTN Ghana's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was GHS26,342 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

MTN Ghana's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=89783.490/8798.575
=10.20

MTN Ghana's current Enterprise Value is GHS89,783 Mil.
MTN Ghana's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was GHS8,799 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

MTN Ghana's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=89783.490/3952.646
=22.71

MTN Ghana's current Enterprise Value is GHS89,783 Mil.
MTN Ghana's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was GHS3,953 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 Ghana Enterprise Value Related Terms


MTN Ghana Enterprise Value Historical Data

* Premium members only.

The historical data trend for MTN Ghana's Enterprise Value 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 Enterprise Value Chart

MTN Ghana Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only 14,957.52 11,058.46 17,828.39 32,717.32 53,932.52

MTN Ghana Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value 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 14,200.75 37,798.97 27,072.38 53,932.52 67,017.27

XGHA:MTNGH vs VZ, TMUS, T: Enterprise Value Comparison

For the Telecom Services subindustry, MTN Ghana's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Telecommunication Services Industry

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

* The bar in red indicates where MTN Ghana's Enterprise Value falls into.


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

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

MTN Ghana's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

MTN Ghana's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* 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 Enterprise Value →
What does a Enterprise Value of GHS89,783 Mil mean?
MTN Ghana (XGHA:MTNGH) has a Enterprise Value of GHS89,783 Mil as of Aug. 07, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on MTN Ghana and its competitors.
Is MTN Ghana's Enterprise Value too high?
MTN Ghana's current Enterprise Value is GHS89,783 Mil. 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 Enterprise Value compare to VZ and TMUS?
MTN Ghana's Enterprise Value of GHS89,783 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 Enterprise Value for a Telecommunication Services company?
A good Enterprise Value depends on the Telecommunication Services industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on MTN Ghana and its competitors. MTN Ghana's current Enterprise Value is GHS89,783 Mil. 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 GHS4.28, compared to a current price of GHS7.00 — trading 63.6% above its estimated fair value. The current Enterprise Value is GHS89,783 Mil. 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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For MTN Ghana (XGHA:MTNGH), the current Enterprise Value is GHS89,783 Mil as of Aug. 07, 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 GHS7.00 is trading 63.6% above its estimated GF Value™ of GHS4.28. GuruFocus considers MTN Ghana to be Significantly Overvalued.

Key valuation signals for XGHA:MTNGH:

  • Enterprise Value: GHS89,783 Mil
  • GF Value™: GHS4.28 vs. price of GHS7.00 (63.6% above fair value)
  • GF Score™: 100/100 with 6 warning signs

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

Get the complete analysis for XGHA:MTNGH

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

GHS7.00
Price
GHS4.28
GF Value