MTN Group (STU:LL6) PE Ratio (TTM): 22.91 (As of Jul. 04, 2026) — 29% Above Median


STU:LL6 MTN Group Ltd STU:LL6
78 GF Score
Price €12.60
GF Value €8.31
Valuation Significantly Overvalued
! 8 Warning Signs
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What is MTN Group PE Ratio (TTM)?

MTN Group STU:LL6 +5.00% 78 PE Ratio (TTM) is 22.91 as of Jul. 04, 2026, which is 29% above its 10-year median of 17.79. GuruFocus rates STU:LL6 with a GF Score™ of 78/100 and a GF Value™ of €8.31 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 255 Telecommunication Services companies, MTN Group ranks worse than 60% on this metric.

The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2026-07-04), MTN Group's share price is €12.60. MTN Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.55. Therefore, MTN Group's PE Ratio (TTM) for today is 22.91.

Warning Sign:

MTN Group Ltd stock PE Ratio (=21.2) is close to 1-year high of 21.2.


The historical rank and industry rank for MTN Group's PE Ratio (TTM) or its related term are showing as below:

STU:LL6' s PE Ratio (TTM) Range Over the Past 10 Years
Min: 6.43   Med: 17.79   Max: 55.91
Current: 21.11


During the past 13 years, the highest PE Ratio (TTM) of MTN Group was 55.91. The lowest was 6.43. And the median was 17.79.


STU:LL6's PE Ratio (TTM) is ranked worse than
60% of 255 companies
in the Telecommunication Services industry
Industry Median: 16.42 vs STU:LL6: 21.11

MTN Group's Earnings per Share (Diluted) for the six months ended in Dec. 2025 was €0.29. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.55.

As of today (2026-07-04), MTN Group's share price is €12.60. MTN Group's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was €0.56. Therefore, MTN Group's PE Ratio without NRI for today is 22.42.

During the past 13 years, MTN Group's highest PE Ratio without NRI was 158.65. The lowest was 7.79. And the median was 18.55.

MTN Group's EPS without NRI for the six months ended in Dec. 2025 was €0.30. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was €0.56.

During the past 12 months, MTN Group's average EPS without NRI Growth Rate was 1056.00% per year. During the past 3 years, the average EPS without NRI Growth Rate was 4.30% per year. During the past 5 years, the average EPS without NRI Growth Rate was -13.70% per year.

During the past 13 years, MTN Group's highest 3-Year average EPS without NRI Growth Rate was 135.10% per year. The lowest was -51.60% per year. And the median was 11.50% per year.

MTN Group's EPS (Basic) for the six months ended in Dec. 2025 was €0.29. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.55.


MTN Group  (STU:LL6) PE Ratio (TTM) Explanation

The PE Ratio (TTM) can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio (TTM) is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio (TTM) is positive. Also for stocks with the same PE Ratio (TTM), the one with faster growth business is more attractive.

If a company loses money, the PE Ratio (TTM) becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio (TTM) divided by the growth ratio. He thinks a company with a PE Ratio (TTM) equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio (TTM) of 20, instead of a company growing 10% a year with a PE Ratio (TTM) of 10.

Because the PE Ratio (TTM) measures how long it takes to earn back the price you pay, the PE Ratio (TTM) can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio (TTM) measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio (TTM) can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio (TTM)s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio (TTM) is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio (TTM) can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio (TTM).


MTN Group PE Ratio (TTM) Related Terms


MTN Group PE Ratio (TTM) Historical Data

* Premium members only.

The historical data trend for MTN Group's PE Ratio (TTM) 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.

MTN Group PE Ratio (TTM) Chart

MTN Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PE Ratio (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.94 12.38 51.79 At Loss 15.40

MTN Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
PE Ratio (TTM) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 51.79 At Loss At Loss At Loss 15.40

STU:LL6 vs TMUS, VZ, T: PE Ratio (TTM) Comparison

For the Telecom Services subindustry, MTN Group's PE Ratio (TTM), along with its competitors' market caps and PE Ratio (TTM) 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 PE Ratio (TTM) vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, MTN Group's PE Ratio (TTM) distribution charts can be found below:

* The bar in red indicates where MTN Group's PE Ratio (TTM) falls into.


STU:LL6
78GF Score
MTN Group Ltd STU:LL6
PE Ratio (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MTN Group PE Ratio (TTM) Calculation

The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

MTN Group's PE Ratio (TTM) for today is calculated as

PE Ratio (TTM)=Share Price/Earnings per Share (Diluted) (TTM)
=12.60/0.550
=22.91

MTN Group's Share Price of today is €12.60.
For company reported semi-annually, MTN Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.55.

* 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:

PE Ratio (TTM)=Market Cap /Net Income

There are at least three kinds of PE Ratio (TTM)s used by different investors. They are Trailing Twelve Month PE Ratio (TTM) or PE Ratio (TTM) (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio (TTM) based on inflation-adjusted normalized PE Ratio (TTM) is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.

Frequently Asked Questions Learn more about PE Ratio (TTM) →
What does a PE Ratio (TTM) of 22.91 mean?
MTN Group (STU:LL6) has a PE Ratio (TTM) of 22.91 as of Jul. 04, 2026. Trailing 12-month P/E ratio is the ratio of share price to a company's trailing 12-month earnings per share. View historical data on MTN Group and its competitors. This is 29% above median its historical median of 17.79. Over the past decade, MTN Group's PE Ratio (TTM) has ranged from 6.43 to 55.91. According to the industry distribution chart, MTN Group ranks #153 out of 255 companies in the Telecommunication Services industry, placing it in the top 60%.
Is MTN Group's PE Ratio (TTM) too high?
MTN Group's current PE Ratio (TTM) of 22.91 is 29% above median its 10-year median of 17.79. Over the past 10 years, this metric has ranged from a low of 6.43 to a high of 55.91. The Telecommunication Services industry median PE Ratio (TTM) is 16.42. MTN Group's value of 22.91 is 39.5% above this industry median. Based on the distribution chart, MTN Group ranks #153 out of 255 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, MTN Group has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Group's PE Ratio (TTM) compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, MTN Group ranks #153 out of 255 companies for PE Ratio (TTM). This places MTN Group in the lower half of its industry. The industry median PE Ratio (TTM) is 16.42. MTN Group's value of 22.91 is 39.5% above this benchmark. Historically, MTN Group's own PE Ratio (TTM) has ranged from 6.43 to 55.91 over the past decade. While the company's 10-year median is 17.79 vs. the industry median of 16.42, 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 PE Ratio (TTM) for a Telecommunication Services company?
The median PE Ratio (TTM) among Telecommunication Services companies is 16.42, based on 255 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio (TTM) significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Group's current PE Ratio (TTM) of 22.91 is 39.5% 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 PE Ratio (TTM) mean?
A high PE Ratio (TTM) can signal that a stock is expensive relative to its fundamentals. Trailing 12-month P/E ratio is the ratio of share price to a company's trailing 12-month earnings per share. View historical data on MTN Group and its competitors. For the Telecommunication Services industry, the median PE Ratio (TTM) is 16.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Group's current PE Ratio (TTM) is 22.91, which is 29% above median its own 10-year median of 17.79. 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 €8.31, compared to a current price of €12.60 — trading 51.6% above its estimated fair value. The current PE Ratio (TTM) is 22.91, which is 29% above median its 10-year median of 17.79 and 39.5% above the Telecommunication Services industry median of 16.42. MTN Group's overall GF Score™ is 78/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio (TTM) calculated?
PE Ratio (TTM) is calculated from a company's financial statements. For MTN Group (STU:LL6), the current PE Ratio (TTM) is 22.91 as of Jul. 04, 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 €12.60 is trading 51.6% above its estimated GF Value™ of €8.31. GuruFocus considers MTN Group to be Significantly Overvalued.

Key valuation signals for STU:LL6:

  • PE Ratio (TTM): 22.91 (29% above median its 10-year median of 17.79)
  • GF Value™: €8.31 vs. price of €12.60 (51.6% above fair value)
  • GF Score™: 78/100 with 8 warning signs
  • Industry Position: 39.5% above the Telecommunication Services median (#153 of 255)

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 Business Description

Address Innovation Centre 216 - 14th Avenue, Fairland, Roodepoort, Gauteng, Johannesburg, ZAF, 2195
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.
78GF Score

Get the complete analysis for STU:LL6

PE Ratio (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€12.60
Price
€8.31
GF Value