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

77.38 2.19 −2.75%
Market cap
$13.3B
P/E
19.4×
Fwd P/E
23.4×
Dividend yield
2.91%
F-score
7/9
Altman Z
1.18
Beneish M
−2.15
Dividend safety
42/100

Millicom International Cellular SA (TIGO) P/E ratio

Alert me on P/E ratio

As of 2 November 2026, Millicom International Cellular SA (TIGO) trades at a P/E ratio of 19.4×. Over the past ten years it has ranged from 0.0× (March 2024) to 638× (June 2024); the current reading is higher than 69% of that period. That is above the Telecom Services industry median of 14.2× and above the Communication Services sector median of 15.4×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 7.0× (58.31%)
FY2024 16.9× —
FY2023 0.0× —
FY2022 8.6× 77.75%
FY2021 4.8× —
FY2020 0.0× —
FY2019 32.2× —
FY2018 0.0× —
FY2017 79.5× —
FY2016 0.0× —

Quarterly newest first

Period P/E ratio Change
Jun 2026 22.8× 124.57%
Mar 2026 10.2× 44.15%
Dec 2025 7.0× (5.09%)
Sep 2025 7.4× 12.31%
42 more quarters

Against its own ten years

Low 0.0× High 638×
Ten-year median 4.7×
Current reading's percentile 47

P/E ratio against peers

Company P/E ratio
GSAT Globalstar, Inc. compare n/m
TELFY Telefonica SA compare n/m
CHTR Charter Communications, Inc. compare 3.0×
TLK PT Telekomunikasi Indonesia, Tbk compare 7.9×
KT KT Corporation compare 9.3×
TIMB TIM S.A. Sponsored ADR compare 10.5×
TIGO Millicom International Cellular SA 19.4×
SKM SK Telecom Co., Ltd. compare 24.1×
VIV Telefonica Brasil S.A. compare 29.2×
Telecom Services industry median 14.2×
Communication Services sector median 15.4×
Market median 18.6×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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