Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
MTN GhanaXGHA:MTNGH -0.14%100 Market Cap is GHS92,653 Mil as of Aug. 07, 2026. 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 374 Telecommunication Services companies, MTN Ghana ranks better than 82.62% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). MTN Ghana's share price for the quarter that ended in Mar. 2026 was GHS5.28. MTN Ghana's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 13,236 Mil. Therefore, MTN Ghana's market cap for the quarter that ended in Mar. 2026 was GHS69,887 Mil.
MTN Ghana's quarterly market cap
declined
from Sep. 2025 (GHS57,577 Mil) to Dec. 2025 (GHS55,592 Mil) but then
increased
from Dec. 2025 (GHS55,592 Mil) to Mar. 2026 (GHS69,887 Mil).
MTN Ghana's annual market cap
increased
from Dec. 2023 (GHS18,531 Mil) to Dec. 2024 (GHS33,090 Mil) and
increased
from Dec. 2024 (GHS33,090 Mil) to Dec. 2025 (GHS55,592 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 Ghana's Enterprise Value for Today is GHS89,783 Mil.
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 Ghana Market Cap Related Terms
MTN Ghana Market Cap Historical Data
* Premium members only.
The historical data trend for MTN Ghana's Market Cap 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 Ghana'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 Ghana Market Cap vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Ghana's Market Cap distribution charts can be found below:
* The bar in red indicates where MTN Ghana'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.
MTN Ghana's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (XGHA:MTNGH) has a Market Cap of GHS92,653 Mil as of Aug. 07, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on MTN Ghana and its competitors. According to the industry distribution chart, MTN Ghana ranks #65 out of 374 companies in the Telecommunication Services industry, placing it in the top 17.4%.
Is MTN Ghana's Market Cap too high?
MTN Ghana's current Market Cap is GHS92,653 Mil. Based on the distribution chart, MTN Ghana ranks #65 out of 374 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 Market Cap compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, MTN Ghana ranks #65 out of 374 companies for Market Cap. This places MTN Ghana in the top 17% of its industry — outperforming the majority of peers. The industry median Market Cap is 523.94. 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 523.94, based on 374 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 Ghana and its competitors. For the Telecommunication Services industry, the median Market Cap is 523.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Ghana's current Market Cap is GHS92,653 Mil. 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 Market Cap is GHS92,653 Mil. 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For MTN Ghana (XGHA:MTNGH), the current Market Cap is GHS92,653 Mil as of Aug. 07, 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:
Market Cap: GHS92,653 Mil
GF Value™: GHS4.28 vs. price of GHS7.00 (63.6% above fair value)
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
Get the complete analysis for XGHA:MTNGH
Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XGHA:MTNGH has been successfully added to your 
