MTN GroupMTNOF 71 ROE % is 14.90% as of Dec. 2025, which is 45% above its 10-year median of 10.28. 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. Among 349 Telecommunication Services companies, MTN Group ranks better than 68.77% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. MTN Group's annualized net income for the quarter that ended in Dec. 2025 was $1,250 Mil. MTN Group's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was $8,385 Mil. Therefore, MTN Group's annualized ROE % for the quarter that ended in Dec. 2025 was 14.90%.
The historical rank and industry rank for MTN Group's ROE % or its related term are showing as below:
MTNOF'
s ROE % Range Over the Past 10 Years
Min: -7.18 Med: 10.28 Max: 18.23
Current: 14.72
During the past 13 years, MTN Group's highest ROE % was 18.23%. The lowest was -7.18%. And the median was 10.28%.
MTNOF's ROE % is ranked better than 68.77% of 349
companies
in the Telecommunication Services industry
Industry Median: 7.41
vs MTNOF: 14.72
MTN Group (OTCPK:MTNOF) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
MTN Group ROE % Related Terms
MTN Group ROE % Historical Data
* Premium members only.
The historical data trend for MTN Group's ROE % 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 Group's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Group's ROE % distribution charts can be found below:
* The bar in red indicates where MTN Group's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
MTN Group (MTNOF) has a ROE % of 14.90% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on MTN Group and its competitors. This is 45% above median its historical median of 10.28. According to the industry distribution chart, MTN Group ranks #109 out of 349 companies in the Telecommunication Services industry, placing it in the top 31.2%.
Is MTN Group's ROE % too high?
MTN Group's current ROE % of 14.90% is 45% above median its 10-year median of 10.28. The Telecommunication Services industry median ROE % is 7.41. MTN Group's value of 14.90% is 101.1% above this industry median. Based on the distribution chart, MTN Group ranks #109 out of 349 companies in the Telecommunication Services industry, which is above the industry midpoint. 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 ROE % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, MTN Group ranks #109 out of 349 companies for ROE %. This puts MTN Group in the upper half of its industry. The industry median ROE % is 7.41. MTN Group's value of 14.90% is 101.1% above this benchmark. While the company's 10-year median is 10.28 vs. the industry median of 7.41, 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 ROE % for a Telecommunication Services company?
The median ROE % among Telecommunication Services companies is 7.41, based on 349 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Group's current ROE % of 14.90% is 101.1% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on MTN Group and its competitors. For the Telecommunication Services industry, the median ROE % is 7.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Group's current ROE % is 14.90%, which is 45% above median its own 10-year median of 10.28. 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 ROE % is 14.90%, which is 45% above median its 10-year median of 10.28 and 101.1% above the Telecommunication Services industry median of 7.41. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For MTN Group (MTNOF), the current ROE % is 14.90% 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:
ROE %: 14.90% (45% above median its 10-year median of 10.28)
GF Value™: $8.78 vs. price of $13.40 (52.6% above fair value)
Industry Position: 101.1% above the Telecommunication Services median (#109 of 349)
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 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
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