MTN Nigeria CommunicationsNSA:MTNN 85 ROA % is 25.27% as of Mar. 2026, which is 69% above its 10-year median of 14.93. GuruFocus rates NSA:MTNN with a GF Score™ of 85/100 and a GF Value™ of ₦612.30 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 372 Telecommunication Services companies, MTN Nigeria Communications ranks better than 98.92% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. MTN Nigeria Communications's annualizedNet Income for the quarter that ended in Mar. 2026 was ₦1,422,004 Mil.
MTN Nigeria Communications's average Total Assets over the quarter that ended in Mar. 2026 was ₦5,626,341 Mil. Therefore, MTN Nigeria Communications's annualized ROA % for the quarter that ended in Mar. 2026 was 25.27%.
The historical rank and industry rank for MTN Nigeria Communications's ROA % or its related term are showing as below:
NSA:MTNN'
s ROA % Range Over the Past 10 Years
Min: -10.82 Med: 14.93 Max: 26.18
Current: 26.18
During the past 8 years, MTN Nigeria Communications's highest ROA % was 26.18%. The lowest was -10.82%. And the median was 14.93%.
NSA:MTNN's ROA % is ranked better than 98.92% of 372
companies
in the Telecommunication Services industry
Industry Median: 2.745
vs NSA:MTNN: 26.18
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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 Nigeria Communications's ROA %, along with its competitors' market caps and ROA % 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 Nigeria Communications ROA % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Nigeria Communications's ROA % distribution charts can be found below:
* The bar in red indicates where MTN Nigeria Communications's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
MTN Nigeria Communications (NSA:MTNN) has a ROA % of 25.27% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on MTN Nigeria Communications and its competitors. This is 69% above median its historical median of 14.93. According to the industry distribution chart, MTN Nigeria Communications ranks #4 out of 372 companies in the Telecommunication Services industry, placing it in the top 1.1%.
Is MTN Nigeria Communications' ROA % too high?
MTN Nigeria Communications' current ROA % of 25.27% is 69% above median its 10-year median of 14.93. The Telecommunication Services industry median ROA % is 2.75. MTN Nigeria Communications' value of 25.27% is 820.6% above this industry median. Based on the distribution chart, MTN Nigeria Communications ranks #4 out of 372 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, MTN Nigeria Communications has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Nigeria Communications' ROA % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, MTN Nigeria Communications ranks #4 out of 372 companies for ROA %. This places MTN Nigeria Communications in the top 1% of its industry — outperforming the majority of peers. The industry median ROA % is 2.75. MTN Nigeria Communications' value of 25.27% is 820.6% above this benchmark. While the company's 10-year median is 14.93 vs. the industry median of 2.75, MTN Nigeria Communications 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 ROA % for a Telecommunication Services company?
The median ROA % among Telecommunication Services companies is 2.75, based on 372 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Nigeria Communications's current ROA % of 25.27% is 820.6% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on MTN Nigeria Communications and its competitors. For the Telecommunication Services industry, the median ROA % is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Nigeria Communications's current ROA % is 25.27%, which is 69% above median its own 10-year median of 14.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTN Nigeria Communications stock overvalued right now?
Based on GuruFocus' analysis, MTN Nigeria Communications (NSA:MTNN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦612.30, compared to a current price of ₦830.00 — trading 35.6% above its estimated fair value. The current ROA % is 25.27%, which is 69% above median its 10-year median of 14.93 and 820.6% above the Telecommunication Services industry median of 2.75. MTN Nigeria Communications' overall GF Score™ is 85/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For MTN Nigeria Communications (NSA:MTNN), the current ROA % is 25.27% as of Mar. 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 Nigeria Communications (NSA:MTNN) Overvalued in 2026?
Based on GuruFocus' analysis, MTN Nigeria Communications stock appears to be overvalued.
The current stock price of ₦830.00 is trading 35.6% above its estimated GF Value™ of ₦612.30.
GuruFocus considers MTN Nigeria Communications to be Significantly Overvalued.
Key valuation signals for NSA:MTNN:
ROA %: 25.27% (69% above median its 10-year median of 14.93)
GF Value™: ₦612.30 vs. price of ₦830.00 (35.6% above fair value)
Industry Position: 820.6% above the Telecommunication Services median (#4 of 372)
No single metric tells the full story. See the NSA:MTNN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MTN Nigeria Communications PLC is a provider of communications services. The principal activities of the company are the provision of broadband fixed wireless access service, mobile broadband solutions, and fibre-to-the-home connectivity. The group operates in three reportable segments, namely, Consumer Business Unit (CBU), which consists of subscribers sitting in value propositions and tariff plans for Youth, High Value, and Mass segments, Enterprise Business Unit (EBU), which consists of small and medium organizations to whom the services are provided, and Wholesale Business Unit (WBU), which serves customers who buy MTN telecom products. The majority of the revenue is generated from the CBU segment.
85GF Score
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