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MTN GhanaXGHA:MTNGH -0.14%100 PS Ratio is 3.52 as of Aug. 07, 2026, which is 101% above its 10-year median of 1.75. 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 364 Telecommunication Services companies, MTN Ghana ranks worse than 84.89% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, MTN Ghana's share price is GHS7.00.
MTN Ghana's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was GHS1.99. Hence, MTN Ghana's PS Ratio for today is 3.52.
Warning Sign:
MTN Ghana stock PS Ratio (=3.52) is close to 10-year high of 3.52.
The historical rank and industry rank for MTN Ghana's PS Ratio or its related term are showing as below:
XGHA:MTNGH'
s PS Ratio Range Over the Past 10 Years
Min: 1.03 Med: 1.75 Max: 3.6
Current: 3.51
During the past 9 years, MTN Ghana's highest PS Ratio was 3.60. The lowest was 1.03. And the median was 1.75.
XGHA:MTNGH's PS Ratio is ranked worse than 84.89% of 364
companies
in the Telecommunication Services industry
Industry Median: 1.34
vs XGHA:MTNGH: 3.51
MTN Ghana's Revenue per Sharefor the
three
months ended in Mar. 2026 was GHS0.55.
Its Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was GHS1.99.
During the past 12 months, the average Revenue per Share Growth Rate of MTN Ghana was 35.20% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 31.80% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 29.90% per year.
During the past 9 years, MTN Ghana's highest 3-Year average Revenue per Share Growth Rate was 31.80% per year. The lowest was 15.60% per year. And the median was 25.60% per year.
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
MTN Ghana PS Ratio Related Terms
MTN Ghana PS Ratio Historical Data
* Premium members only.
The historical data trend for MTN Ghana's PS 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 Ghana's PS Ratio, along with its competitors' market caps and PS 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 Ghana PS Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Ghana's PS Ratio distribution charts can be found below:
* The bar in red indicates where MTN Ghana's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
MTN Ghana's Share Price of today is GHS7.00. MTN Ghana's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was GHS1.99.
* 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:
MTN Ghana (XGHA:MTNGH) has a PS Ratio of 3.52 as of Aug. 07, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on MTN Ghana and its competitors. This is 101% above median its historical median of 1.75. Over the past decade, MTN Ghana's PS Ratio has ranged from 1.03 to 3.60. According to the industry distribution chart, MTN Ghana ranks #309 out of 364 companies in the Telecommunication Services industry, placing it in the top 84.9%.
Is MTN Ghana's PS Ratio too high?
MTN Ghana's current PS Ratio of 3.52 is 101% above median its 10-year median of 1.75. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 3.60. The Telecommunication Services industry median PS Ratio is 1.34. MTN Ghana's value of 3.52 is 162.7% above this industry median. Based on the distribution chart, MTN Ghana ranks #309 out of 364 companies in the Telecommunication Services industry, which is in the bottom quartile 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 PS Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, MTN Ghana ranks #309 out of 364 companies for PS Ratio. This places MTN Ghana in the lower half of its industry. The industry median PS Ratio is 1.34. MTN Ghana's value of 3.52 is 162.7% above this benchmark. Historically, MTN Ghana's own PS Ratio has ranged from 1.03 to 3.60 over the past decade. While the company's 10-year median is 1.75 vs. the industry median of 1.34, 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 PS Ratio for a Telecommunication Services company?
The median PS Ratio among Telecommunication Services companies is 1.34, based on 364 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Ghana's current PS Ratio of 3.52 is 162.7% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on MTN Ghana and its competitors. For the Telecommunication Services industry, the median PS Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Ghana's current PS Ratio is 3.52, which is 101% above median its own 10-year median of 1.75. 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 PS Ratio is 3.52, which is 101% above median its 10-year median of 1.75 and 162.7% above the Telecommunication Services industry median of 1.34. 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 PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For MTN Ghana (XGHA:MTNGH), the current PS Ratio is 3.52 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:
PS Ratio: 3.52 (101% above median its 10-year median of 1.75)
GF Value™: GHS4.28 vs. price of GHS7.00 (63.6% above fair value)
Industry Position: 162.7% above the Telecommunication Services median (#309 of 364)
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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