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MTN GroupSTU:LL6 -0.50%82 Equity-to-Asset is 0.29 as of Dec. 2025, which is 3% below its 10-year median of 0.30. GuruFocus rates STU:LL6 with a GF Score™ of 82/100 and a GF Value™ of €8.01 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 370 Telecommunication Services companies, MTN Group ranks worse than 66.76% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. MTN Group's Total Stockholders Equity for the quarter that ended in Dec. 2025 was €7,356 Mil. MTN Group's Total Assets for the quarter that ended in Dec. 2025 was €25,302 Mil.
Therefore, MTN Group's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.29.
The historical rank and industry rank for MTN Group's Equity-to-Asset or its related term are showing as below:
STU:LL6'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.3 Max: 0.38
Current: 0.29
During the past 13 years, the highest Equity to Asset Ratio of MTN Group was 0.38. The lowest was 0.28. And the median was 0.30.
STU:LL6's Equity-to-Asset is ranked worse than 66.76% of 370
companies
in the Telecommunication Services industry
Industry Median: 0.39
vs STU:LL6: 0.29
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
MTN Group Equity-to-Asset Related Terms
MTN Group Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for MTN Group's Equity-to-Asset 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.
STU:LL6 vs VZ, TMUS, T: Equity-to-Asset Comparison
For the Telecom Services subindustry, MTN Group's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where MTN Group's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
MTN Group's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 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.
MTN Group (STU:LL6) has a Equity-to-Asset of 0.29 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on MTN Group and its competitors. This is near median its historical median of 0.30. Over the past decade, MTN Group's Equity-to-Asset has ranged from 0.28 to 0.38. According to the industry distribution chart, MTN Group ranks #247 out of 370 companies in the Telecommunication Services industry, placing it in the top 66.8%.
Is MTN Group's Equity-to-Asset too high?
MTN Group's current Equity-to-Asset of 0.29 is near median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 0.38. The Telecommunication Services industry median Equity-to-Asset is 0.39. MTN Group's value of 0.29 is 25.6% below this industry median. Based on the distribution chart, MTN Group ranks #247 out of 370 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, MTN Group has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Group's Equity-to-Asset compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, MTN Group ranks #247 out of 370 companies for Equity-to-Asset. This places MTN Group in the lower half of its industry. The industry median Equity-to-Asset is 0.39. MTN Group's value of 0.29 is 25.6% below this benchmark. Historically, MTN Group's own Equity-to-Asset has ranged from 0.28 to 0.38 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 0.39, 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 Equity-to-Asset for a Telecommunication Services company?
The median Equity-to-Asset among Telecommunication Services companies is 0.39, based on 370 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Group's current Equity-to-Asset of 0.29 is 25.6% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on MTN Group and its competitors. For the Telecommunication Services industry, the median Equity-to-Asset is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Group's current Equity-to-Asset is 0.29, which is near median its own 10-year median of 0.30. 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 (STU:LL6) is currently considered Modestly Overvalued. The stock's GF Value™ is €8.01, compared to a current price of €9.95 — trading 24.2% above its estimated fair value. The current Equity-to-Asset is 0.29, which is near median its 10-year median of 0.30 and 25.6% below the Telecommunication Services industry median of 0.39. MTN Group's overall GF Score™ is 82/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For MTN Group (STU:LL6), the current Equity-to-Asset is 0.29 as of Dec. 2025. 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 (STU:LL6) Overvalued in 2026?
Based on GuruFocus' analysis, MTN Group stock appears to be overvalued.
The current stock price of €9.95 is trading 24.2% above its estimated GF Value™ of €8.01.
GuruFocus considers MTN Group to be Modestly Overvalued.
Key valuation signals for STU:LL6:
Equity-to-Asset: 0.29 (near median its 10-year median of 0.30)
GF Value™: €8.01 vs. price of €9.95 (24.2% above fair value)
Industry Position: 25.6% below the Telecommunication Services median (#247 of 370)
No single metric tells the full story. See the STU: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.
82GF Score
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