MTN GroupSTU:LL6 -4.17%77 Gross Margin % is 77.23% as of Dec. 2025, which is 9% above its 10-year median of 71.17. GuruFocus rates STU:LL6 with a GF Score™ of 77/100 and a GF Value™ of €7.81 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 344 Telecommunication Services companies, MTN Group ranks better than 87.21% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. MTN Group's Gross Profit for the
six
months ended in Dec. 2025 was €4,602 Mil. MTN Group's Revenue for the
six
months ended in Dec. 2025 was €5,959 Mil. Therefore, MTN Group's Gross Margin % for the quarter that ended in Dec. 2025 was 77.23%.
The historical rank and industry rank for MTN Group's Gross Margin % or its related term are showing as below:
STU:LL6'
s Gross Margin % Range Over the Past 10 Years
Min: 64.52 Med: 71.17 Max: 75.88
Current: 75.88
During the past 13 years, the highestGross Margin % of MTN Group was 75.88%. The lowest was 64.52%. And the median was 71.17%.
STU:LL6's Gross Margin % is ranked better than 87.21% of 344
companies
in the Telecommunication Services industry
Industry Median: 51.415
vs STU:LL6: 75.88
MTN Group had a gross margin of 77.23% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for MTN Group was 0.20% per year.
MTN Group (STU:LL6) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
MTN Group had a gross margin of 77.23% for the quarter that ended in Dec. 2025 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
MTN Group Gross Margin % Related Terms
MTN Group Gross Margin % Historical Data
* Premium members only.
The historical data trend for MTN Group's Gross Margin % 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 Group's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where MTN Group's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
MTN Group (STU:LL6) has a Gross Margin % of 77.23% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on MTN Group and its competitors. This is near median its historical median of 71.17. Over the past decade, MTN Group's Gross Margin % has ranged from 64.52 to 75.88. According to the industry distribution chart, MTN Group ranks #44 out of 344 companies in the Telecommunication Services industry, placing it in the top 12.8%.
Is MTN Group's Gross Margin % too high?
MTN Group's current Gross Margin % of 77.23% is near median its 10-year median of 71.17. Over the past 10 years, this metric has ranged from a low of 64.52 to a high of 75.88. The Telecommunication Services industry median Gross Margin % is 51.42. MTN Group's value of 77.23% is 50.2% above this industry median. Based on the distribution chart, MTN Group ranks #44 out of 344 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, MTN Group has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Group's Gross Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, MTN Group ranks #44 out of 344 companies for Gross Margin %. This places MTN Group in the top 13% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 51.42. MTN Group's value of 77.23% is 50.2% above this benchmark. Historically, MTN Group's own Gross Margin % has ranged from 64.52 to 75.88 over the past decade. While the company's 10-year median is 71.17 vs. the industry median of 51.42, MTN Group 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 Gross Margin % for a Telecommunication Services company?
The median Gross Margin % among Telecommunication Services companies is 51.42, based on 344 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Group's current Gross Margin % of 77.23% is 50.2% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on MTN Group and its competitors. For the Telecommunication Services industry, the median Gross Margin % is 51.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Group's current Gross Margin % is 77.23%, which is near median its own 10-year median of 71.17. 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 €7.81, compared to a current price of €11.50 — trading 47.2% above its estimated fair value. The current Gross Margin % is 77.23%, which is near median its 10-year median of 71.17 and 50.2% above the Telecommunication Services industry median of 51.42. MTN Group's overall GF Score™ is 77/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For MTN Group (STU:LL6), the current Gross Margin % is 77.23% 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 €11.50 is trading 47.2% above its estimated GF Value™ of €7.81.
GuruFocus considers MTN Group to be Significantly Overvalued.
Key valuation signals for STU:LL6:
Gross Margin %: 77.23% (near median its 10-year median of 71.17)
GF Value™: €7.81 vs. price of €11.50 (47.2% above fair value)
Industry Position: 50.2% above the Telecommunication Services median (#44 of 344)
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.
77GF Score
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