TIGO Millicom International Cellular S A PE ratio, current and historical analysis
As of Jul 7, 2025, the Millicom International Cellular S A stock's PE ratio is 18.45. This results from the current EPS of $2.08 and stock price of $38.37. The P/E ratio has a decrease of 26% from the past four quarters average of 24.9.
TIGO PE ratio history
The PE ratio of Millicom International Cellular S A has averaged 94.51 over the last seven years. The current PE ratio of 18.45 is 80% below the historical average. Over the past seven years, TIGO's PE ratio was at its highest in the Mar 2024 quarter at 505.75, when the stock price was $20.23 and the EPS was $0.04. The lowest value was in the Sep 2022 quarter, when it reached 1.86 with a price of $11.41 and an EPS of $6.14.
Millicom International Cellular S A PE ratio history chart
Millicom International Cellular S A PE ratio by year
Maximum annual increase: 60.32% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 17.01 | N/A | $25.01 | $1.47 |
| 2023 | N/A | N/A | $18 | -$0.48 |
| 2022 | 9.94 | 60.32% | $12.63 | $1.27 |
| 2021 | 6.2 | N/A | $28.45 | $4.59 |
| 2020 | N/A | N/A | $38.78 | -$2.68 |
| 2019 | 32.59 | N/A | $48.23 | $1.48 |
| 2018 | N/A | N/A | N/A | -$0.1 |
| 2017 | N/A | N/A | N/A | $0.86 |
| 2016 | N/A | N/A | N/A | -$0.32 |
Millicom International Cellular S A PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 14.55 | -14.46% | $30.27 | $2.08 |
| Dec 2024 | 17.01 | -41.67% | $25.01 | $1.47 |
| Sep 2024 | 29.16 | -25.17% | $27.12 | $0.93 |
| Jun 2024 | 38.97 | -92.29% | $24.55 | $0.63 |
| Mar 2024 | 505.75 | N/A | $20.23 | $0.04 |
| Dec 2023 | N/A | N/A | $18 | -$0.48 |
| Sep 2023 | 70.23 | -81.57% | $15.45 | $0.22 |
| Jun 2023 | 381 | 2,538.5% | $15.24 | $0.04 |
| Mar 2023 | 14.44 | 45.27% | $18.92 | $1.31 |
| Dec 2022 | 9.94 | 434.41% | $12.63 | $1.27 |
| Sep 2022 | 1.86 | -17.7% | $11.41 | $6.14 |
| Jun 2022 | 2.26 | -60.14% | $14.37 | $6.36 |
| Mar 2022 | 5.67 | -8.55% | $25.21 | $4.45 |
| Dec 2021 | 6.2 | N/A | $28.45 | $4.59 |
| Sep 2021 | N/A | N/A | $36.15 | -$0.15 |
TIGO Price vs fair value
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
Fair P/E calculation
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed vs Dynamic
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
TIGO average PE ratio chart
TIGO's current P/E ratio is below the 3 and 5-year averages.
PE vs average
TIGO PE vs peers
Compared to its peer SPOK, TIGO's PE ratio stands lower, however it is higher than T's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| T At&T Inc | 17.39 | $203.96B |
| TIGO Millicom International Cellular S.A. | 17.65 | $6.32B |
| SPOK Spok Holdings Inc | 22.91 | $367.63M |
- Market
- Price
- Valuation
- Dividend
- Earnings
- Per share
- Balance sheet
- Liquidity
- Margins
- Efficiency
- Growth
- Market
- Price
- Valuation
- Dividend
- Earnings
- Per share
- Balance sheet
- Liquidity
- Margins
- Efficiency
- Growth
- Market
- Price
- Valuation
- Dividend
- Earnings
- Per share
- Balance sheet
- Liquidity
- Margins
- Efficiency
- Growth
Frequently asked questions
What is Millicom International Cellular S A's PE ratio?
The price to earnings ratio for TIGO stock is 18.45 as of Jul 7, 2025.
What is the 3-year average PE ratio for Millicom International Cellular S A (TIGO)?
Over the last 3 years, the average price to earnings ratio for TIGO stock is 108.29.
What is the 5-year average PE ratio for Millicom International Cellular S A (TIGO)?
Over the last 5 years, the average price to earnings ratio for TIGO stock is 84.39.
What is the highest PE ratio for TIGO?
The highest quarterly PE ratio in the last seven years has been 505.75 and it was in the Mar 2024 quarter.
How does the current PE ratio for TIGO compare to its historical average?
TIGO's price to earnings ratio is currently 80% below its 7-year historical average.
How is TIGO's PE ratio calculated (Millicom International Cellular S A PE ratio formula)?
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (Jul 7, 2025), Millicom International Cellular S A's stock price is $38.37. The earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $2.08. Therefore, Millicom International Cellular S A's P/E ratio for today is 18.45. PE RATIO(18.45) = STOCK PRICE($38.37) / TTM EPS($2.08)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.