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MTN GroupSTU:LL6 +0.83%79 Forward PE Ratio is 14.20 as of Jul. 19, 2026. GuruFocus rates STU:LL6 with a GF Score™ of 79/100 and a GF Value™ of €7.91 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 210 Telecommunication Services companies, MTN Group ranks worse than 50.48% on this metric.
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
MTN Group Forward PE Ratio Related Terms
MTN Group Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for MTN Group's Forward PE Ratio 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 Group Forward PE Ratio Chart
MTN Group Annual Data
Trend
2015-12
2016-12
2024-12
2025-12
Forward PE Ratio
9.01
13.32
10.44
10.27
MTN Group Semi-Annual Data
2015-12
2016-06
2016-12
2017-06
2024-12
2025-06
2025-12
Forward PE Ratio
9.01
21.28
13.32
11.83
10.44
12.55
10.27
STU:LL6 vs TMUS, VZ, T: Forward PE Ratio Comparison
For the Telecom Services subindustry, MTN Group's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Forward PE Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Group's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where MTN Group's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
MTN Group (STU:LL6) has a Forward PE Ratio of 14.20 as of Jul. 19, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on MTN Group and its competitors. According to the industry distribution chart, MTN Group ranks #106 out of 210 companies in the Telecommunication Services industry, placing it in the top 50.5%.
Is MTN Group's Forward PE Ratio too high?
MTN Group's current Forward PE Ratio is 14.20. The Telecommunication Services industry median Forward PE Ratio is 14.28. MTN Group's value of 14.20 is 0.6% below this industry median. Based on the distribution chart, MTN Group ranks #106 out of 210 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, MTN Group has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Group's Forward PE Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, MTN Group ranks #106 out of 210 companies for Forward PE Ratio. This places MTN Group in the lower half of its industry. The industry median Forward PE Ratio is 14.28. MTN Group's value of 14.20 is 0.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Telecommunication Services company?
The median Forward PE Ratio among Telecommunication Services companies is 14.28, based on 210 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Group's current Forward PE Ratio of 14.20 is 0.6% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on MTN Group and its competitors. For the Telecommunication Services industry, the median Forward PE Ratio is 14.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Group's current Forward PE Ratio is 14.20. 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 Significantly Overvalued. The stock's GF Value™ is €7.91, compared to a current price of €12.20 — trading 54.2% above its estimated fair value. The current Forward PE Ratio is 14.20 and 0.6% below the Telecommunication Services industry median of 14.28. MTN Group's overall GF Score™ is 79/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For MTN Group (STU:LL6), the current Forward PE Ratio is 14.20 as of Jul. 19, 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 Group (STU:LL6) Overvalued in 2026?
Based on GuruFocus' analysis, MTN Group stock appears to be overvalued.
The current stock price of €12.20 is trading 54.2% above its estimated GF Value™ of €7.91.
GuruFocus considers MTN Group to be Significantly Overvalued.
Key valuation signals for STU:LL6:
Forward PE Ratio: 14.20
GF Value™: €7.91 vs. price of €12.20 (54.2% above fair value)
Industry Position: 0.6% below the Telecommunication Services median (#106 of 210)
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.
79GF Score
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