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MTN GhanaXGHA:MTNGH -2.07%100 Forward PE Ratio is 5.74 as of Sep. 17, 2026. GuruFocus rates XGHA:MTNGH with a GF Score™ of 100/100 and a GF Value™ of GHS4.55 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 216 Telecommunication Services companies, MTN Ghana ranks better than 91.67% on this metric.
MTN Ghana (XGHA:MTNGH) Forward PE Ratio Explanation
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 Ghana Forward PE Ratio Related Terms
MTN Ghana Forward PE Ratio Historical Data
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The historical data trend for MTN Ghana'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 Ghana Forward PE Ratio Chart
MTN Ghana Annual Data
Trend
2020-12
2021-12
2024-12
2025-12
Forward PE Ratio
3.75
6.67
5.10
5.12
MTN Ghana Quarterly Data
2020-03
2020-06
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2023-06
2023-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
4.82
3.97
3.75
5.00
9.60
6.67
6.67
6.31
4.75
4.26
5.10
6.53
6.74
5.30
5.12
6.57
7.88
XGHA:MTNGH vs VZ, TMUS, T: Forward PE Ratio Comparison
For the Telecom Services subindustry, MTN Ghana'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 Ghana Forward PE Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Ghana's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where MTN Ghana'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 Ghana (XGHA:MTNGH) has a Forward PE Ratio of 5.74 as of Sep. 17, 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 Ghana and its competitors. According to the industry distribution chart, MTN Ghana ranks #18 out of 216 companies in the Telecommunication Services industry, placing it in the top 8.3%.
Is MTN Ghana's Forward PE Ratio too high?
MTN Ghana's current Forward PE Ratio is 5.74. The Telecommunication Services industry median Forward PE Ratio is 13.68. MTN Ghana's value of 5.74 is 58% below this industry median. Based on the distribution chart, MTN Ghana ranks #18 out of 216 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. 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 Forward PE Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, MTN Ghana ranks #18 out of 216 companies for Forward PE Ratio. This places MTN Ghana in the top 8% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 13.68. MTN Ghana's value of 5.74 is 58% 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 13.68, based on 216 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 Ghana's current Forward PE Ratio of 5.74 is 58% 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 Ghana and its competitors. For the Telecommunication Services industry, the median Forward PE Ratio is 13.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Ghana's current Forward PE Ratio is 5.74. 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 GHS4.55, compared to a current price of GHS6.63 — trading 45.7% above its estimated fair value. The current Forward PE Ratio is 5.74 and 58% below the Telecommunication Services industry median of 13.68. MTN Ghana's overall GF Score™ is 100/100 with 7 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 Ghana (XGHA:MTNGH), the current Forward PE Ratio is 5.74 as of Sep. 17, 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 GHS6.63 is trading 45.7% above its estimated GF Value™ of GHS4.55.
GuruFocus considers MTN Ghana to be Significantly Overvalued.
Key valuation signals for XGHA:MTNGH:
Forward PE Ratio: 5.74
GF Value™: GHS4.55 vs. price of GHS6.63 (45.7% above fair value)
Industry Position: 58% below the Telecommunication Services median (#18 of 216)
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
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