MTN Group Ltd (JSE:MTN) — Market Cap & Net Worth
Market Cap & Net Worth: MTN Group Ltd (MTN)
MTN Group Ltd (JSE:MTN) has a market capitalization of $21.75 Billion (ZAC40.92 Trillion) as of July 23, 2026. Listed on the JSE stock exchange, this South Africa-based company holds position #1196 globally and #9 in its home market, demonstrating a -2.09% decrease in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying MTN Group Ltd's stock price ZAC22327.00 by its total outstanding shares 1832972375 (1.83 Billion). See MTN capex to operating cash flow ratio to understand how much of operating cash flow is reinvested back into capital assets.
MTN Group Ltd Market Cap History: 2015 to 2026
MTN Group Ltd's market capitalization history from 2015 to 2026. Data shows growth from $8.62 Billion to $21.75 Billion (5.62% CAGR).
Index Memberships
MTN Group Ltd is a constituent of 1 market index:
| Index | Total Market Cap | Weight (%) | Rank by Market Cap |
|---|---|---|---|
|
JSE FTSE Top 40
JTOPI
|
$377.38 Billion | 5.76% | #7 of 38 |
Weight: MTN Group Ltd's market cap as a percentage of total index value. Rank: Position among all constituents by market cap.
MTN Group Ltd Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how MTN Group Ltd's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance.
Latest Price to Sales (P/S) Ratio
0.07x
MTN Group Ltd's market cap is 0.07 times its annual revenue
Latest Price to Earnings (P/E) Ratio
0.81x
MTN Group Ltd's market cap is 0.81 times its annual earnings
What These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2016 | $8.87 Billion | $147.92 Billion | -$2.61 Billion | 0.06x | N/A |
| 2017 | $10.18 Billion | $132.81 Billion | $4.41 Billion | 0.08x | 2.31x |
| 2018 | $7.00 Billion | $134.56 Billion | $8.72 Billion | 0.05x | 0.80x |
| 2019 | $6.86 Billion | $151.46 Billion | $8.96 Billion | 0.05x | 0.77x |
| 2020 | $5.40 Billion | $179.36 Billion | $17.02 Billion | 0.03x | 0.32x |
| 2021 | $15.33 Billion | $181.65 Billion | $13.75 Billion | 0.08x | 1.11x |
| 2022 | $11.61 Billion | $207.00 Billion | $19.04 Billion | 0.06x | 0.61x |
| 2023 | $10.81 Billion | $221.06 Billion | $4.09 Billion | 0.05x | 2.64x |
| 2024 | $8.96 Billion | $188.00 Billion | -$9.59 Billion | 0.05x | N/A |
| 2025 | $16.51 Billion | $226.71 Billion | $20.26 Billion | 0.07x | 0.81x |
Competitor Companies of MTN by Market Capitalization
Companies near MTN Group Ltd in the global market cap rankings as of July 23, 2026.
Key companies related to MTN Group Ltd by market ranking:
- Verizon Communications Inc (SA:VERZ34): Ranked #102 globally with a market cap of $195.66 Billion USD ( R$997.15 Billion BRL).
- T-Mobile US Inc (NASDAQ:TMUS): Ranked #104 globally with a market cap of $193.10 Billion USD.
- Verizon Communications Inc (NYSE:VZ): Ranked #120 globally with a market cap of $182.81 Billion USD.
- SoftBank Group Corp (F:SFTU): Ranked #125 globally with a market cap of $180.08 Billion USD ( €154.03 Billion EUR).
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #102 | Verizon Communications Inc | SA:VERZ34 | $195.66 Billion | R$39.41 |
| #104 | T-Mobile US Inc | NASDAQ:TMUS | $193.10 Billion | $190.77 |
| #120 | Verizon Communications Inc | NYSE:VZ | $182.81 Billion | $43.78 |
| #125 | SoftBank Group Corp | F:SFTU | $180.08 Billion | €16.20 |
MTN Group Ltd Historical Marketcap From 2015 to 2026
Between 2015 and today, MTN Group Ltd's market cap moved from $8.62 Billion to $ 21.75 Billion, with a yearly change of 5.62%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | ZAC21.75 Billion | +31.72% |
| 2025 | ZAC16.51 Billion | +84.26% |
| 2024 | ZAC8.96 Billion | -17.11% |
| 2023 | ZAC10.81 Billion | -6.88% |
| 2022 | ZAC11.61 Billion | -24.25% |
| 2021 | ZAC15.33 Billion | +183.62% |
| 2020 | ZAC5.40 Billion | -21.26% |
| 2019 | ZAC6.86 Billion | -1.96% |
| 2018 | ZAC7.00 Billion | -31.21% |
| 2017 | ZAC10.18 Billion | +14.69% |
| 2016 | ZAC8.87 Billion | +2.88% |
| 2015 | ZAC8.62 Billion | -- |
End of Day Market Cap According to Different Sources
On Jul 22nd, 2026 the market cap of MTN Group Ltd was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $21.75 Billion USD |
| MoneyControl | $21.75 Billion USD |
| MarketWatch | $21.75 Billion USD |
| marketcap.company | $21.75 Billion USD |
| Reuters | $21.75 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.
About MTN Group Ltd
MTN Group Limited, together with its subsidiaries, provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa. The company offers data, voice and SMS, interconnect, and roaming services; and sells mobile devices. It also provides digital and fintech services, such as value-added services, rich media se… Read more