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MTN Ghana XGHA:MTNGH
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.
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 Annual Data | |||||||||||||||||||
| Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | Dec25 | ||||||||||
| Enterprise Value | Get a 7-Day Free Trial |
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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 |
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14,200.75 | 37,798.97 | 27,072.38 | 53,932.52 | 67,017.27 | ||
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.
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.
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
| Enterprise Value (A: Dec. 2025 ) | |||||
| = | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
| = | 55591.935 | + | 0 | + | 3132.95 |
| + | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Cash, Cash Equivalents, Marketable Securities |
| + | 526.685 | + | 0 | - | 5319.055 |
| = | 53,933 |
MTN Ghana's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as
| Enterprise Value (Q: Mar. 2026 ) | |||||
| = | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
| = | 69887.004 | + | 0 | + | 2958.82 |
| + | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Cash, Cash Equivalents, Marketable Securities |
| + | 580.443 | + | 0 | - | 6408.998 |
| = | 67,017 |
* 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.
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:
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.
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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