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Millicom International CellularSTU:M4M1 +3.90%61 Cyclically Adjusted PB Ratio is 3.75 as of Aug. 22, 2026, which is 155% above its 10-year median of 1.47. GuruFocus rates STU:M4M1 with a GF Score™ of 61/100 and a GF Value™ of €31.83 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 288 Telecommunication Services companies, Millicom International Cellular ranks worse than 78.82% on this metric.
The historical rank and industry rank for Millicom International Cellular's Cyclically Adjusted PB Ratio or its related term are showing as below:
STU:M4M1'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46 Med: 1.47 Max: 4.02
Current: 3.83
During the past years, Millicom International Cellular's highest Cyclically Adjusted PB Ratio was 4.02. The lowest was 0.46. And the median was 1.47.
STU:M4M1's Cyclically Adjusted PB Ratio is ranked worse than 78.82% of 288
companies
in the Telecommunication Services industry
Industry Median: 1.775
vs STU:M4M1: 3.83
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
Millicom International Cellular's adjusted book value per share data for the three months ended in Jun. 2026 was €12.706. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €21.31 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Millicom International Cellular (STU:M4M1) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
Millicom International Cellular Cyclically Adjusted PB Ratio Related Terms
Millicom International Cellular Cyclically Adjusted PB Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Millicom International Cellular Cyclically Adjusted PB Ratio Chart
STU:M4M1 vs CHTR, GSAT, LUMN: Cyclically Adjusted PB Ratio Comparison
For the Telecom Services subindustry, Millicom International Cellular's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Millicom International Cellular Cyclically Adjusted PB Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Millicom International Cellular's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Millicom International Cellular's Cyclically Adjusted PB Ratio falls into.
Millicom International Cellular Cyclically Adjusted PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PB Ratio of 3.75 mean?
Millicom International Cellular (STU:M4M1) has a Cyclically Adjusted PB Ratio of 3.75 as of Aug. 22, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Millicom International Cellular and its competitors. This is 155% above median its historical median of 1.47. Over the past decade, Millicom International Cellular's Cyclically Adjusted PB Ratio has ranged from 0.46 to 4.02. According to the industry distribution chart, Millicom International Cellular ranks #227 out of 288 companies in the Telecommunication Services industry, placing it in the top 78.8%.
Is Millicom International Cellular's Cyclically Adjusted PB Ratio too high?
Millicom International Cellular's current Cyclically Adjusted PB Ratio of 3.75 is 155% above median its 10-year median of 1.47. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 4.02. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.78. Millicom International Cellular's value of 3.75 is 111.3% above this industry median. Based on the distribution chart, Millicom International Cellular ranks #227 out of 288 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Millicom International Cellular has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millicom International Cellular's Cyclically Adjusted PB Ratio compare to CHTR and GSAT?
According to the Telecommunication Services industry distribution chart, Millicom International Cellular ranks #227 out of 288 companies for Cyclically Adjusted PB Ratio. This places Millicom International Cellular in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.78. Millicom International Cellular's value of 3.75 is 111.3% above this benchmark. Historically, Millicom International Cellular's own Cyclically Adjusted PB Ratio has ranged from 0.46 to 4.02 over the past decade. While the company's 10-year median is 1.47 vs. the industry median of 1.78, Millicom International Cellular has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Telecommunication Services company?
The median Cyclically Adjusted PB Ratio among Telecommunication Services companies is 1.78, based on 288 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Millicom International Cellular's current Cyclically Adjusted PB Ratio of 3.75 is 111.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Millicom International Cellular and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millicom International Cellular's current Cyclically Adjusted PB Ratio is 3.75, which is 155% above median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millicom International Cellular stock overvalued right now?
Based on GuruFocus' analysis, Millicom International Cellular (STU:M4M1) is currently considered Significantly Overvalued. The stock's GF Value™ is €31.83, compared to a current price of €80.00 — trading 151.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.75, which is 155% above median its 10-year median of 1.47 and 111.3% above the Telecommunication Services industry median of 1.78. Millicom International Cellular's overall GF Score™ is 61/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Millicom International Cellular (STU:M4M1), the current Cyclically Adjusted PB Ratio is 3.75 as of Aug. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Millicom International Cellular (STU:M4M1) Overvalued in 2026?
Based on GuruFocus' analysis, Millicom International Cellular stock appears to be overvalued.
The current stock price of €80.00 is trading 151.3% above its estimated GF Value™ of €31.83.
GuruFocus considers Millicom International Cellular to be Significantly Overvalued.
Key valuation signals for STU:M4M1:
Cyclically Adjusted PB Ratio: 3.75 (155% above median its 10-year median of 1.47)
GF Value™: €31.83 vs. price of €80.00 (151.3% above fair value)
Industry Position: 111.3% above the Telecommunication Services median (#227 of 288)
No single metric tells the full story. See the STU:M4M1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Millicom offers wireless and fixed-line telecom services primarily in smaller, less developed countries in Latin America. Countries served include Bolivia, Nicaragua, Panama, El Salvador, Guatemala, Paraguay, Colombia, Ecuador, Uruguay, and Honduras (67% but not controlled or consolidated in the firm's financial statements). The firm's wireless networks cover about 145 million people, serving nearly 60 million customers. Its fixed-line networks reach 22 million homes, serving about 5.6 million broadband customers. Increasingly, Millicom offers converged packages that include broadband with wireless services. The firm also formed a joint venture to acquire Telefónica's operations in Chile.
61GF Score
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