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MTN Nigeria Communications's earnings per share without non-recurring items for the
three
months ended in Mar. 2026 was ₦16.82.
Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was ₦63.84.
During the past 12 months, MTN Nigeria Communications's average earnings per share (NRI) Growth Rate was 1079.60% per year.
During the past 3 years, the average earnings per share (NRI) Growth Rate was 46.10% per year.
During the past 10 years, the average earnings per share (NRI) Growth Rate was 0.00% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.
The historical rank and industry rank for MTN Nigeria Communications's EPS without NRI or its related term are showing as below:
NSA:MTNN'
s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 19.9 Med: 27.3 Max: 46.1
Current: 46.1
During the past 8 years, MTN Nigeria Communications's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 46.10% per year. The lowest was 19.90% per year. And the median was 27.30% per year.
NSA:MTNN's 3-Year EPS without NRI Growth Rate is ranked better than 87.41% of 278
companies
in the Telecommunication Services industry
Industry Median: 7.1
vs NSA:MTNN: 46.10
MTN Nigeria Communications (NSA:MTNN) EPS without NRI Explanation
EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
MTN Nigeria Communications EPS without NRI Related Terms
MTN Nigeria Communications EPS without NRI Historical Data
* 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.
NSA:MTNN vs TMUS, VZ, T: EPS without NRI Comparison
For the Telecom Services subindustry, MTN Nigeria Communications's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Nigeria Communications's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where MTN Nigeria Communications's PE Ratio without NRI falls into.
MTN Nigeria Communications EPS without NRI Calculation
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.
EPS without NRI 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 ₦63.84
* 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 EPS without NRI of ₦63.84 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on MTN Nigeria Communications and its competitors. According to the industry distribution chart, MTN Nigeria Communications ranks #35 out of 278 companies in the Telecommunication Services industry, placing it in the top 12.6%.
Is MTN Nigeria Communications' EPS without NRI too high?
MTN Nigeria Communications' current EPS without NRI is ₦63.84. Based on the distribution chart, MTN Nigeria Communications ranks #35 out of 278 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, MTN Nigeria Communications has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Nigeria Communications' EPS without NRI compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, MTN Nigeria Communications ranks #35 out of 278 companies for EPS without NRI. This places MTN Nigeria Communications in the top 13% of its industry — outperforming the majority of peers. The industry median EPS without NRI is 7.10. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a Telecommunication Services company?
The median EPS without NRI among Telecommunication Services companies is 7.10, based on 278 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on MTN Nigeria Communications and its competitors. For the Telecommunication Services industry, the median EPS without NRI is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Nigeria Communications's current EPS without NRI is ₦63.84. 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 Significantly Overvalued. The stock's GF Value™ is ₦621.21, compared to a current price of ₦820.00 — trading 32% above its estimated fair value. The current EPS without NRI is ₦63.84. MTN Nigeria Communications' overall GF Score™ is 85/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For MTN Nigeria Communications (NSA:MTNN), the current EPS without NRI is ₦63.84 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 Nigeria Communications (NSA:MTNN) Overvalued in 2026?
Based on GuruFocus' analysis, MTN Nigeria Communications stock appears to be overvalued.
The current stock price of ₦820.00 is trading 32% above its estimated GF Value™ of ₦621.21.
GuruFocus considers MTN Nigeria Communications to be Significantly Overvalued.
Key valuation signals for NSA:MTNN:
EPS without NRI: ₦63.84
GF Value™: ₦621.21 vs. price of ₦820.00 (32% above fair value)
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.
85GF Score
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EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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