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MTN GhanaXGHA:MTNGH -0.14%100 Gross Margin % is 90.76% as of Mar. 2026, which is 10% above its 10-year median of 82.41. 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 341 Telecommunication Services companies, MTN Ghana ranks better than 95.31% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. MTN Ghana's Gross Profit for the
three
months ended in Mar. 2026 was GHS6,602 Mil. MTN Ghana's Revenue for the
three
months ended in Mar. 2026 was GHS7,274 Mil. Therefore, MTN Ghana's Gross Margin % for the quarter that ended in Mar. 2026 was 90.76%.
The historical rank and industry rank for MTN Ghana's Gross Margin % or its related term are showing as below:
XGHA:MTNGH'
s Gross Margin % Range Over the Past 10 Years
Min: 65.38 Med: 82.41 Max: 88.97
Current: 88.97
During the past 9 years, the highestGross Margin % of MTN Ghana was 88.97%. The lowest was 65.38%. And the median was 82.41%.
XGHA:MTNGH's Gross Margin % is ranked better than 95.31% of 341
companies
in the Telecommunication Services industry
Industry Median: 51.59
vs XGHA:MTNGH: 88.97
MTN Ghana had a gross margin of 90.76% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for MTN Ghana was 1.20% per year.
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 Ghana had a gross margin of 90.76% for the quarter that ended in Mar. 2026 => 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 Ghana Gross Margin % Related Terms
MTN Ghana Gross Margin % Historical Data
* Premium members only.
The historical data trend for MTN Ghana'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.
XGHA:MTNGH vs VZ, TMUS, T: Gross Margin % Comparison
For the Telecom Services subindustry, MTN Ghana'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 Ghana Gross Margin % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Ghana's Gross Margin % distribution charts can be found below:
* The bar in red indicates where MTN Ghana'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 Ghana (XGHA:MTNGH) has a Gross Margin % of 90.76% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on MTN Ghana and its competitors. This is 10% above median its historical median of 82.41. Over the past decade, MTN Ghana's Gross Margin % has ranged from 65.38 to 88.97. According to the industry distribution chart, MTN Ghana ranks #16 out of 341 companies in the Telecommunication Services industry, placing it in the top 4.7%.
Is MTN Ghana's Gross Margin % too high?
MTN Ghana's current Gross Margin % of 90.76% is 10% above median its 10-year median of 82.41. Over the past 10 years, this metric has ranged from a low of 65.38 to a high of 88.97. The Telecommunication Services industry median Gross Margin % is 51.59. MTN Ghana's value of 90.76% is 75.9% above this industry median. Based on the distribution chart, MTN Ghana ranks #16 out of 341 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 Gross Margin % compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, MTN Ghana ranks #16 out of 341 companies for Gross Margin %. This places MTN Ghana in the top 5% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 51.59. MTN Ghana's value of 90.76% is 75.9% above this benchmark. Historically, MTN Ghana's own Gross Margin % has ranged from 65.38 to 88.97 over the past decade. While the company's 10-year median is 82.41 vs. the industry median of 51.59, 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 Gross Margin % for a Telecommunication Services company?
The median Gross Margin % among Telecommunication Services companies is 51.59, based on 341 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 Ghana's current Gross Margin % of 90.76% is 75.9% 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 Ghana and its competitors. For the Telecommunication Services industry, the median Gross Margin % is 51.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Ghana's current Gross Margin % is 90.76%, which is 10% above median its own 10-year median of 82.41. 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 Gross Margin % is 90.76%, which is 10% above median its 10-year median of 82.41 and 75.9% above the Telecommunication Services industry median of 51.59. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For MTN Ghana (XGHA:MTNGH), the current Gross Margin % is 90.76% as of Mar. 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:
Gross Margin %: 90.76% (10% above median its 10-year median of 82.41)
GF Value™: GHS4.28 vs. price of GHS7.00 (63.6% above fair value)
Industry Position: 75.9% above the Telecommunication Services median (#16 of 341)
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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