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 GroupSTU:LL6 +1.68%80 Return-on-Tangible-Asset is 5.27% as of Dec. 2025, which is 48% above its 10-year median of 3.57. GuruFocus rates STU:LL6 with a GF Score™ of 80/100 and a GF Value™ of €7.90 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 364 Telecommunication Services companies, MTN Group ranks better than 60.16% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. MTN Group's annualizedNet Income for the quarter that ended in Dec. 2025 was €1,067 Mil. MTN Group's average total tangible assets for the quarter that ended in Dec. 2025 was €20,263 Mil. Therefore, MTN Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 5.27%.
The historical rank and industry rank for MTN Group's Return-on-Tangible-Asset or its related term are showing as below:
STU:LL6'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.59 Med: 3.57 Max: 5.96
Current: 5.17
During the past 13 years, MTN Group's highest Return-on-Tangible-Asset was 5.96%. The lowest was -2.59%. And the median was 3.57%.
STU:LL6's Return-on-Tangible-Asset is ranked better than 60.16% of 364
companies
in the Telecommunication Services industry
Industry Median: 3.45
vs STU:LL6: 5.17
MTN Group (STU:LL6) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
MTN Group Return-on-Tangible-Asset Related Terms
MTN Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for MTN Group's Return-on-Tangible-Asset 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.
STU:LL6 vs TMUS, VZ, T: Return-on-Tangible-Asset Comparison
For the Telecom Services subindustry, MTN Group's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MTN Group's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 5.27% mean?
MTN Group (STU:LL6) has a Return-on-Tangible-Asset of 5.27% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on MTN Group and its competitors. This is 48% above median its historical median of 3.57. According to the industry distribution chart, MTN Group ranks #145 out of 364 companies in the Telecommunication Services industry, placing it in the top 39.8%.
Is MTN Group's Return-on-Tangible-Asset too high?
MTN Group's current Return-on-Tangible-Asset of 5.27% is 48% above median its 10-year median of 3.57. The Telecommunication Services industry median Return-on-Tangible-Asset is 3.45. MTN Group's value of 5.27% is 52.8% above this industry median. Based on the distribution chart, MTN Group ranks #145 out of 364 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, MTN Group has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Group's Return-on-Tangible-Asset compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, MTN Group ranks #145 out of 364 companies for Return-on-Tangible-Asset. This puts MTN Group in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.45. MTN Group's value of 5.27% is 52.8% above this benchmark. While the company's 10-year median is 3.57 vs. the industry median of 3.45, 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 Return-on-Tangible-Asset for a Telecommunication Services company?
The median Return-on-Tangible-Asset among Telecommunication Services companies is 3.45, based on 364 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Group's current Return-on-Tangible-Asset of 5.27% is 52.8% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on MTN Group and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Asset is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Group's current Return-on-Tangible-Asset is 5.27%, which is 48% above median its own 10-year median of 3.57. 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 €7.90, compared to a current price of €12.10 — trading 53.2% above its estimated fair value. The current Return-on-Tangible-Asset is 5.27%, which is 48% above median its 10-year median of 3.57 and 52.8% above the Telecommunication Services industry median of 3.45. MTN Group's overall GF Score™ is 80/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For MTN Group (STU:LL6), the current Return-on-Tangible-Asset is 5.27% as of Dec. 2025. 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 €12.10 is trading 53.2% above its estimated GF Value™ of €7.90.
GuruFocus considers MTN Group to be Significantly Overvalued.
Key valuation signals for STU:LL6:
Return-on-Tangible-Asset: 5.27% (48% above median its 10-year median of 3.57)
GF Value™: €7.90 vs. price of €12.10 (53.2% above fair value)
Industry Position: 52.8% above the Telecommunication Services median (#145 of 364)
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.
80GF Score
Get the complete analysis for STU:LL6
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STU:LL6 has been successfully added to your 
