MTN Nigeria Communications (NSA:MTNN) ROE % Adjusted to Book Value: 11.10% (As of Mar. 2026)


NSA:MTNN MTN Nigeria Communications PLC NSA:MTNN
85 GF Score
Price ₦720.00
GF Value ₦614.76
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is MTN Nigeria Communications ROE % Adjusted to Book Value?

MTN Nigeria Communications NSA:MTNN 85 ROE % Adjusted to Book Value is 11.10% as of Mar. 2026. GuruFocus rates NSA:MTNN with a GF Score™ of 85/100 and a GF Value™ of ₦614.76 (Modestly Overvalued). The stock has 3 warning signs investors should review.

MTN Nigeria Communications's ROE % for the quarter that ended in Mar. 2026 was 195.78%. MTN Nigeria Communications's PB Ratio for the quarter that ended in Mar. 2026 was 17.63. MTN Nigeria Communications's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 11.10%.


MTN Nigeria Communications ROE % Adjusted to Book Value Related Terms


MTN Nigeria Communications ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for MTN Nigeria Communications's ROE % Adjusted to Book Value 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 Nigeria Communications ROE % Adjusted to Book Value Chart

MTN Nigeria Communications Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial 8.56 9.07 0.00 0.00 125.64

MTN Nigeria Communications Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 Negative Equity Negative Equity 35.36 17.65 11.10

NSA:MTNN vs TMUS, VZ, T: ROE % Adjusted to Book Value Comparison

For the Telecom Services subindustry, MTN Nigeria Communications's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, MTN Nigeria Communications's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where MTN Nigeria Communications's ROE % Adjusted to Book Value falls into.


NSA:MTNN
85GF Score
MTN Nigeria Communications PLC NSA:MTNN
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MTN Nigeria Communications ROE % Adjusted to Book Value Calculation

MTN Nigeria Communications's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=2,453.77% / 19.53
=125.64%

MTN Nigeria Communications's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=195.78% / 17.63
=11.10%

* 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.

What does a ROE % Adjusted to Book Value of 11.10% mean?
MTN Nigeria Communications (NSA:MTNN) has a ROE % Adjusted to Book Value of 11.10% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on MTN Nigeria Communications and its competitors.
Is MTN Nigeria Communications' ROE % Adjusted to Book Value too high?
MTN Nigeria Communications' current ROE % Adjusted to Book Value is 11.10%. Overall, MTN Nigeria Communications has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Nigeria Communications' ROE % Adjusted to Book Value compare to TMUS and VZ?
MTN Nigeria Communications' ROE % Adjusted to Book Value of 11.10% can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Telecommunication Services company?
A good ROE % Adjusted to Book Value depends on the Telecommunication Services industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on MTN Nigeria Communications and its competitors. MTN Nigeria Communications's current ROE % Adjusted to Book Value is 11.10%. 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 Modestly Overvalued. The stock's GF Value™ is ₦614.76, compared to a current price of ₦720.00 — trading 17.1% above its estimated fair value. The current ROE % Adjusted to Book Value is 11.10%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For MTN Nigeria Communications (NSA:MTNN), the current ROE % Adjusted to Book Value is 11.10% 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 ₦720.00 is trading 17.1% above its estimated GF Value™ of ₦614.76. GuruFocus considers MTN Nigeria Communications to be Modestly Overvalued.

Key valuation signals for NSA:MTNN:

  • ROE % Adjusted to Book Value: 11.10%
  • GF Value™: ₦614.76 vs. price of ₦720.00 (17.1% above fair value)
  • GF Score™: 85/100 with 3 warning signs

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 Business Description

Address 4 Aromire Road, Off Alfred Rewane, Ikoyi, Lagos, NGA
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

Get the complete analysis for NSA:MTNN

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

₦720.00
Price
₦614.76
GF Value