MTNOF (MTN Group) ROCE %: 24.74% (As of Dec. 2025)


MTNOF MTN Group Ltd MTNOF
71 GF Score
Price $13.40
GF Value $8.78
Valuation Significantly Overvalued
! 8 Warning Signs
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What is MTN Group ROCE %?

MTN Group MTNOF 71 ROCE % is 24.74% as of Dec. 2025. GuruFocus rates MTNOF with a GF Score™ of 71/100 and a GF Value™ of $8.78 (Significantly Overvalued). The stock has 8 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. MTN Group's annualized ROCE % for the quarter that ended in Dec. 2025 was 24.74%.

MTN Group  (OTCPK:MTNOF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

MTN Group ROCE % Related Terms

MTN Group ROCE % Historical Data

* Premium members only.

The historical data trend for MTN Group's ROCE % 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 ROCE % Chart

MTN Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.14 22.16 11.33 5.28 23.97

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
ROCE % 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 10.02 -0.80 12.03 21.12 24.74
MTNOF
71GF Score
MTN Group Ltd MTNOF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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MTN Group ROCE % Calculation

MTN Group's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=4004.408/( ( (23697.786 - 8168.59) + (29627.57 - 11746.6) )/ 2 )
=4004.408/( (15529.196+17880.97)/ 2 )
=4004.408/16705.083
=23.97 %

MTN Group's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=4344.52/( ( (26710.232 - 9463.013) + (29627.57 - 11746.6) )/ 2 )
=4344.52/( ( 17247.219 + 17880.97 )/ 2 )
=4344.52/17564.0945
=24.74 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 24.74% mean?
MTN Group (MTNOF) has a ROCE % of 24.74% as of Dec. 2025.
Is MTN Group's ROCE % too high?
MTN Group's current ROCE % is 24.74%. The Telecommunication Services industry median ROCE % is 7.72. MTN Group's value of 24.74% is 220.5% above this industry median. Overall, MTN Group has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Group's ROCE % compare to TMUS and VZ?
MTN Group's ROCE % of 24.74% can be compared against companies in the Telecommunication Services industry. The industry median ROCE % is 7.72. MTN Group's value of 24.74% is 220.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Telecommunication Services company?
The median ROCE % among Telecommunication Services companies is 7.72, based on 356 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Group's current ROCE % of 24.74% is 220.5% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Telecommunication Services industry, the median ROCE % is 7.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Group's current ROCE % is 24.74%. 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 (MTNOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.78, compared to a current price of $13.40 — trading 52.6% above its estimated fair value. The current ROCE % is 24.74% and 220.5% above the Telecommunication Services industry median of 7.72. MTN Group's overall GF Score™ is 71/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For MTN Group (MTNOF), the current ROCE % is 24.74% 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 (MTNOF) Overvalued in 2026?

Based on GuruFocus' analysis, MTN Group stock appears to be overvalued. The current stock price of $13.40 is trading 52.6% above its estimated GF Value™ of $8.78. GuruFocus considers MTN Group to be Significantly Overvalued.

Key valuation signals for MTNOF:

  • ROCE %: 24.74%
  • GF Value™: $8.78 vs. price of $13.40 (52.6% above fair value)
  • GF Score™: 71/100 with 8 warning signs
  • Industry Position: 220.5% above the Telecommunication Services median

No single metric tells the full story. See the MTNOF 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.
71GF Score

Get the complete analysis for MTNOF

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.40
Price
$8.78
GF Value