MTN GroupSTU:LL6 -4.17%77 PB Ratio is 2.87 as of Jun. 27, 2026, which is 43% above its 10-year median of 2.01. GuruFocus rates STU:LL6 with a GF Score™ of 77/100 and a GF Value™ of €7.75 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 342 Telecommunication Services companies, MTN Group ranks worse than 69.3% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-27), MTN Group's share price is €11.50. MTN Group's Book Value per Share for the quarter that ended in Dec. 2025 was €4.01. Hence, MTN Group's PB Ratio of today is 2.87.
Warning Sign:
MTN Group Ltd stock PB Ratio (=2.92) is close to 3-year high of 2.92.
The historical rank and industry rank for MTN Group's PB Ratio or its related term are showing as below:
STU:LL6'
s PB Ratio Range Over the Past 10 Years
Min: 0.77 Med: 2.01 Max: 3.35
Current: 3
During the past 13 years, MTN Group's highest PB Ratio was 3.35. The lowest was 0.77. And the median was 2.01.
STU:LL6's PB Ratio is ranked worse than 69.3% of 342
companies
in the Telecommunication Services industry
Industry Median: 1.88
vs STU:LL6: 3.00
During the past 12 months, MTN Group's average Book Value Per Share Growth Rate was 16.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of MTN Group was 51.20% per year. The lowest was -16.30% per year. And the median was 10.20% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
MTN Group PB Ratio Related Terms
MTN Group PB Ratio Historical Data
* Premium members only.
The historical data trend for MTN Group's PB 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.
For the Telecom Services subindustry, MTN Group's PB Ratio, along with its competitors' market caps and PB 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 Group PB Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where MTN Group's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
MTN Group's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
MTN Group (STU:LL6) has a PB Ratio of 2.87 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on MTN Group and its competitors. This is 43% above median its historical median of 2.01. Over the past decade, MTN Group's PB Ratio has ranged from 0.77 to 3.35. According to the industry distribution chart, MTN Group ranks #237 out of 342 companies in the Telecommunication Services industry, placing it in the top 69.3%.
Is MTN Group's PB Ratio too high?
MTN Group's current PB Ratio of 2.87 is 43% above median its 10-year median of 2.01. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 3.35. The Telecommunication Services industry median PB Ratio is 1.88. MTN Group's value of 2.87 is 52.7% above this industry median. Based on the distribution chart, MTN Group ranks #237 out of 342 companies in the Telecommunication Services industry, which is below the industry midpoint. 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 PB Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, MTN Group ranks #237 out of 342 companies for PB Ratio. This places MTN Group in the lower half of its industry. The industry median PB Ratio is 1.88. MTN Group's value of 2.87 is 52.7% above this benchmark. Historically, MTN Group's own PB Ratio has ranged from 0.77 to 3.35 over the past decade. While the company's 10-year median is 2.01 vs. the industry median of 1.88, 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 PB Ratio for a Telecommunication Services company?
The median PB Ratio among Telecommunication Services companies is 1.88, based on 342 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Group's current PB Ratio of 2.87 is 52.7% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on MTN Group and its competitors. For the Telecommunication Services industry, the median PB Ratio is 1.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Group's current PB Ratio is 2.87, which is 43% above median its own 10-year median of 2.01. 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 €7.75, compared to a current price of €11.50 — trading 48.4% above its estimated fair value. The current PB Ratio is 2.87, which is 43% above median its 10-year median of 2.01 and 52.7% above the Telecommunication Services industry median of 1.88. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For MTN Group (STU:LL6), the current PB Ratio is 2.87 as of Jun. 27, 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 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 48.4% above its estimated GF Value™ of €7.75.
GuruFocus considers MTN Group to be Significantly Overvalued.
Key valuation signals for STU:LL6:
PB Ratio: 2.87 (43% above median its 10-year median of 2.01)
GF Value™: €7.75 vs. price of €11.50 (48.4% above fair value)
Industry Position: 52.7% above the Telecommunication Services median (#237 of 342)
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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