Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
MTN GhanaXGHA:MTNGH -0.14%100 EV-to-FCF is 22.71 as of Aug. 07, 2026, which is 129% above its 10-year median of 9.90. 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. Among 253 Telecommunication Services companies, MTN Ghana ranks worse than 70.75% on this metric.
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 for today is 22.71.
The historical rank and industry rank for MTN Ghana's EV-to-FCF or its related term are showing as below:
XGHA:MTNGH'
s EV-to-FCF Range Over the Past 10 Years
Min: -26.78 Med: 9.9 Max: 165.7
Current: 22.71
During the past 9 years, the highest EV-to-FCF of MTN Ghana was 165.70. The lowest was -26.78. And the median was 9.90.
XGHA:MTNGH's EV-to-FCF is ranked worse than 70.75% of 253
companies
in the Telecommunication Services industry
Industry Median: 15.1
vs XGHA:MTNGH: 22.71
EV-to-FCF 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-FCF 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 Ghana's share price for today is GHS7.00.
MTN Ghana's Earnings per Share (Diluted) 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 GHS0.651.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
MTN Ghana EV-to-FCF Related Terms
MTN Ghana EV-to-FCF Historical Data
* Premium members only.
The historical data trend for MTN Ghana's EV-to-FCF 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 Ghana's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Ghana's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where MTN Ghana's EV-to-FCF falls into.
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 (XGHA:MTNGH) has a EV-to-FCF of 22.71 as of Aug. 07, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on MTN Ghana and its competitors. This is 129% above median its historical median of 9.90. According to the industry distribution chart, MTN Ghana ranks #179 out of 253 companies in the Telecommunication Services industry, placing it in the top 70.8%.
Is MTN Ghana's EV-to-FCF too high?
MTN Ghana's current EV-to-FCF of 22.71 is 129% above median its 10-year median of 9.90. The Telecommunication Services industry median EV-to-FCF is 15.10. MTN Ghana's value of 22.71 is 50.4% above this industry median. Based on the distribution chart, MTN Ghana ranks #179 out of 253 companies in the Telecommunication Services industry, which is below the industry midpoint. 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 EV-to-FCF compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, MTN Ghana ranks #179 out of 253 companies for EV-to-FCF. This places MTN Ghana in the lower half of its industry. The industry median EV-to-FCF is 15.10. MTN Ghana's value of 22.71 is 50.4% above this benchmark. While the company's 10-year median is 9.90 vs. the industry median of 15.10, MTN Ghana has consistently been above 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-FCF for a Telecommunication Services company?
The median EV-to-FCF among Telecommunication Services companies is 15.10, based on 253 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Ghana's current EV-to-FCF of 22.71 is 50.4% above 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on MTN Ghana and its competitors. For the Telecommunication Services industry, the median EV-to-FCF is 15.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Ghana's current EV-to-FCF is 22.71, which is 129% above median its own 10-year median of 9.90. 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 EV-to-FCF is 22.71, which is 129% above median its 10-year median of 9.90 and 50.4% above the Telecommunication Services industry median of 15.10. 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 EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For MTN Ghana (XGHA:MTNGH), the current EV-to-FCF is 22.71 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:
EV-to-FCF: 22.71 (129% above median its 10-year median of 9.90)
GF Value™: GHS4.28 vs. price of GHS7.00 (63.6% above fair value)
Industry Position: 50.4% above the Telecommunication Services median (#179 of 253)
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 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
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XGHA:MTNGH has been successfully added to your 
