TIGO
Millicom International Cellular S A
PE ratio, current and historical analysis
- Stocks
- Communication Services
- NASDAQ: TIGO
- PE Ratio
As of Jul 2, 2026, the Millicom International Cellular S A stock's PE ratio is 12.7. This results from the current EPS of $7.38 and stock price of $93.76. The P/E ratio has an increase of 63% from the past four quarters average of 7.8.
TIGO PE ratio history
The PE ratio of Millicom International Cellular S A has averaged 77.17 over the last eight years. The current PE ratio of 12.7 is 84% below the historical average. Over the past eight 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 by year
Maximum annual increase: 60.32% in 2022
Maximum annual decrease: -58.55% in 2025
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 7.05 | -58.55% | $55.44 | $7.86 |
| 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 2026 | 10.15 | 43.97% | $74.94 | $7.38 |
| Dec 2025 | 7.05 | -4.99% | $55.44 | $7.86 |
| Sep 2025 | 7.42 | 12.25% | $48.54 | $6.54 |
| Jun 2025 | 6.61 | -54.57% | $37.47 | $5.67 |
| 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 |
TIGO Price vs fair value
TIGO average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
TIGO's current P/E ratio is below the 3 and 5-year averages.
PE comparison
Millicom International Cellular S A's P/E of 12.7 is below the Communication Services sector and the industry average. Compared to its Communication Services sector average of 27.51, Millicom International Cellular S A's P/E is 54% lower.
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 | 6.91 | $143B |
| TIGO Millicom International Cellular S.A. | 12.7 | $15.85B |
| SPOK Spok Holdings Inc | 16.92 | $219.1M |
Frequently asked questions
What is Millicom International Cellular S A's PE ratio?
The price to earnings ratio for TIGO stock is 12.7 as of Jul 2, 2026.
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 70.69.
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 66.37.
What is the highest PE ratio for TIGO?
The highest quarterly PE ratio in the last eight 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 84% below its 8-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 2, 2026), Millicom International Cellular S A's stock price is $93.76. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $7.38. Therefore, Millicom International Cellular S A's P/E ratio for today is 12.7. PE RATIO(12.7) = STOCK PRICE($93.76) / TTM EPS($7.38)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.