MTN GroupSTU:LL6 +1.69%77 3-Year ROIIC % is 5.12 as of Dec. 2025, which is 83% below its 10-year median of 29.39. GuruFocus rates STU:LL6 with a GF Score™ of 77/100 and a GF Value™ of €7.88 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 352 Telecommunication Services companies, MTN Group ranks better than 57.95% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
MTN Group's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 5.12%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for MTN Group's 3-Year ROIIC % or its related term are showing as below:
STU:LL6's 3-Year ROIIC % is ranked better than 57.95% of 352
companies
in the Telecommunication Services industry
Industry Median: 1.71
vs STU:LL6: 5.12
MTN Group (STU:LL6) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
MTN Group 3-Year ROIIC % Related Terms
MTN Group 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for MTN Group's 3-Year ROIIC % 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 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Group's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where MTN Group's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
MTN Group (STU:LL6) has a 3-Year ROIIC % of 5.12 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on MTN Group and its competitors. This is 83% below median its historical median of 29.39. According to the industry distribution chart, MTN Group ranks #148 out of 352 companies in the Telecommunication Services industry, placing it in the top 42%.
Is MTN Group's 3-Year ROIIC % too high?
MTN Group's current 3-Year ROIIC % of 5.12 is 83% below median its 10-year median of 29.39. The Telecommunication Services industry median 3-Year ROIIC % is 1.71. MTN Group's value of 5.12 is 199.4% above this industry median. Based on the distribution chart, MTN Group ranks #148 out of 352 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, MTN Group has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Group's 3-Year ROIIC % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, MTN Group ranks #148 out of 352 companies for 3-Year ROIIC %. This puts MTN Group in the upper half of its industry. The industry median 3-Year ROIIC % is 1.71. MTN Group's value of 5.12 is 199.4% above this benchmark. While the company's 10-year median is 29.39 vs. the industry median of 1.71, 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 3-Year ROIIC % for a Telecommunication Services company?
The median 3-Year ROIIC % among Telecommunication Services companies is 1.71, based on 352 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Group's current 3-Year ROIIC % of 5.12 is 199.4% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on MTN Group and its competitors. For the Telecommunication Services industry, the median 3-Year ROIIC % is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Group's current 3-Year ROIIC % is 5.12, which is 83% below median its own 10-year median of 29.39. 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 €7.88, compared to a current price of €12.00 — trading 52.3% above its estimated fair value. The current 3-Year ROIIC % is 5.12, which is 83% below median its 10-year median of 29.39 and 199.4% above the Telecommunication Services industry median of 1.71. MTN Group's overall GF Score™ is 77/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For MTN Group (STU:LL6), the current 3-Year ROIIC % is 5.12 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 €12.00 is trading 52.3% above its estimated GF Value™ of €7.88.
GuruFocus considers MTN Group to be Significantly Overvalued.
Key valuation signals for STU:LL6:
3-Year ROIIC %: 5.12 (83% below median its 10-year median of 29.39)
GF Value™: €7.88 vs. price of €12.00 (52.3% above fair value)
Industry Position: 199.4% above the Telecommunication Services median (#148 of 352)
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.
77GF Score
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