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Friday 6 November 2026 Export TIGO’s income statement to Excel — free account

Millicom International Cellular SA

TIGO Communication Services Telecom Services

Millicom International Cellular SA’s revenue for fiscal 2025 (year ended December 2025) was $5.8 billion, roughly unchanged from fiscal 2024.

Revenue
+59.4%
EPS
−84.0%
Free cash flow
+66.1%
Total debt
+47.9%

Quarter to June 2026, against a year earlier

79.09 2.00 +2.59%
Market cap
$13.3B
P/E
19.9×
Fwd P/E
23.4×
Dividend yield
2.84%
F-score
7/9
Altman Z
1.18
Beneish M
−2.15
Dividend safety
42/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Millicom International Cellular SA (TIGO) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Millicom International Cellular SA (TIGO) trades at a P/B ratio of 5.3×. Over the past ten years it has ranged from 0.4× (September 2022) to 7.0× (August 2026); the current reading is higher than 97% of that period. That is above the Telecom Services industry median of 1.3× and above the Communication Services sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 2.6× 114.12%
FY2024 1.2× 33.24%
FY2023 0.9× 80.15%
FY2022 0.5× (62.60%)
FY2021 1.3× (23.05%)
FY2020 1.7× (4.68%)
FY2019 1.8× (20.80%)
FY2018 2.3× 11.13%
FY2017 2.1× 60.02%
FY2016 1.3× 5.11%

Quarterly newest first

Period P/B ratio Change
Jun 2026 6.1× 54.32%
Mar 2026 4.0× 54.17%
Dec 2025 2.6× 4.84%
Sep 2025 2.4× 36.93%
42 more quarters

Against its own ten years

Low 0.4× High 7.0×
Ten-year median 1.7×
Current reading's percentile 97

P/B ratio against peers

Company P/B ratio
KT KT Corporation compare 0.6×
CHTR Charter Communications, Inc. compare 0.7×
TELFY Telefonica SA compare 1.0×
SKM SK Telecom Co., Ltd. compare 1.0×
TLK PT Telekomunikasi Indonesia, Tbk compare 1.3×
TIMB TIM S.A. Sponsored ADR compare 1.7×
VIV Telefonica Brasil S.A. compare 2.8×
TIGO Millicom International Cellular SA 5.3×
GSAT Globalstar, Inc. compare 39.1×
Telecom Services industry median 1.3×
Communication Services sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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