MTN Nigeria Communications's quarterly market cap
increased
from Sep. 2025 (₦8,870,359 Mil) to Dec. 2025 (₦10,715,730 Mil) and
increased
from Dec. 2025 (₦10,715,730 Mil) to Mar. 2026 (₦15,937,289 Mil).
MTN Nigeria Communications's annual market cap
declined
from Dec. 2023 (₦5,535,222 Mil) to Dec. 2024 (₦4,193,350 Mil) but then
increased
from Dec. 2024 (₦4,193,350 Mil) to Dec. 2025 (₦10,715,730 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. MTN Nigeria Communications's Enterprise Value for Today is ₦17,553,378 Mil.
MTN Nigeria Communications (NSA:MTNN) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
MTN Nigeria Communications Market Cap Related Terms
MTN Nigeria Communications Market Cap Historical Data
* 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 Nigeria Communications's Market Cap, along with its competitors' market caps and Market Cap 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 Nigeria Communications Market Cap vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Nigeria Communications's Market Cap distribution charts can be found below:
* The bar in red indicates where MTN Nigeria Communications's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
* 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 Nigeria Communications (NSA:MTNN) has a Market Cap of ₦15,664,677 Mil as of Jun. 30, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on MTN Nigeria Communications and its competitors. According to the industry distribution chart, MTN Nigeria Communications ranks #49 out of 377 companies in the Telecommunication Services industry, placing it in the top 13%.
Is MTN Nigeria Communications' Market Cap too high?
MTN Nigeria Communications' current Market Cap is ₦15,664,677 Mil. Based on the distribution chart, MTN Nigeria Communications ranks #49 out of 377 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, MTN Nigeria Communications has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Nigeria Communications' Market Cap compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, MTN Nigeria Communications ranks #49 out of 377 companies for Market Cap. This places MTN Nigeria Communications in the top 13% of its industry — outperforming the majority of peers. The industry median Market Cap is 474.39. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Telecommunication Services company?
The median Market Cap among Telecommunication Services companies is 474.39, based on 377 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on MTN Nigeria Communications and its competitors. For the Telecommunication Services industry, the median Market Cap is 474.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Nigeria Communications's current Market Cap is ₦15,664,677 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTN Nigeria Communications stock overvalued right now?
Based on GuruFocus' analysis, MTN Nigeria Communications (NSA:MTNN) is currently considered Modestly Overvalued. The stock's GF Value™ is ₦612.30, compared to a current price of ₦747.00 — trading 22% above its estimated fair value. The current Market Cap is ₦15,664,677 Mil. MTN Nigeria Communications' overall GF Score™ is 85/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For MTN Nigeria Communications (NSA:MTNN), the current Market Cap is ₦15,664,677 Mil as of Jun. 30, 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 Nigeria Communications (NSA:MTNN) Overvalued in 2026?
Based on GuruFocus' analysis, MTN Nigeria Communications stock appears to be overvalued.
The current stock price of ₦747.00 is trading 22% above its estimated GF Value™ of ₦612.30.
GuruFocus considers MTN Nigeria Communications to be Modestly Overvalued.
Key valuation signals for NSA:MTNN:
Market Cap: ₦15,664,677 Mil
GF Value™: ₦612.30 vs. price of ₦747.00 (22% above fair value)
No single metric tells the full story. See the NSA:MTNN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MTN Nigeria Communications PLC is a provider of communications services. The principal activities of the company are the provision of broadband fixed wireless access service, mobile broadband solutions, and fibre-to-the-home connectivity. The group operates in three reportable segments, namely, Consumer Business Unit (CBU), which consists of subscribers sitting in value propositions and tariff plans for Youth, High Value, and Mass segments, Enterprise Business Unit (EBU), which consists of small and medium organizations to whom the services are provided, and Wholesale Business Unit (WBU), which serves customers who buy MTN telecom products. The majority of the revenue is generated from the CBU segment.
85GF Score
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