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Millicom International CellularTIGO +0.28%59 Debt-to-Equity is 4.85 as of Jun. 2026, which is 120% above its 10-year median of 2.20. GuruFocus rates TIGO with a GF Score™ of 59/100 and a GF Value™ of $38.06 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 326 Telecommunication Services companies, Millicom International Cellular ranks worse than 96.01% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Millicom International Cellular's Debt-to-Equity or its related term are showing as below:
TIGO'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.2 Med: 2.2 Max: 4.85
Current: 4.85
During the past 13 years, the highest Debt-to-Equity Ratio of Millicom International Cellular was 4.85. The lowest was 1.20. And the median was 2.20.
TIGO's Debt-to-Equity is ranked worse than 96.01% of 326
companies
in the Telecommunication Services industry
Industry Median: 0.6
vs TIGO: 4.85
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Millicom International Cellular Debt-to-Equity Related Terms
Millicom International Cellular Debt-to-Equity 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 Debt-to-Equity Chart
TIGO vs CHTR, GSAT, LUMN: Debt-to-Equity Comparison
For the Telecom Services subindustry, Millicom International Cellular's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Millicom International Cellular's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Millicom International Cellular's Debt-to-Equity falls into.
* 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 (TIGO) has a Debt-to-Equity of 4.85 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Millicom International Cellular and its competitors. This is 120% above median its historical median of 2.20. Over the past decade, Millicom International Cellular's Debt-to-Equity has ranged from 1.20 to 4.85. According to the industry distribution chart, Millicom International Cellular ranks #313 out of 326 companies in the Telecommunication Services industry, placing it in the top 96%.
Is Millicom International Cellular's Debt-to-Equity too high?
Millicom International Cellular's current Debt-to-Equity of 4.85 is 120% above median its 10-year median of 2.20. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 4.85. The Telecommunication Services industry median Debt-to-Equity is 0.60. Millicom International Cellular's value of 4.85 is 708.3% above this industry median. Based on the distribution chart, Millicom International Cellular ranks #313 out of 326 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Millicom International Cellular has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millicom International Cellular's Debt-to-Equity compare to CHTR and GSAT?
According to the Telecommunication Services industry distribution chart, Millicom International Cellular ranks #313 out of 326 companies for Debt-to-Equity. This places Millicom International Cellular in the lower half of its industry. The industry median Debt-to-Equity is 0.60. Millicom International Cellular's value of 4.85 is 708.3% above this benchmark. Historically, Millicom International Cellular's own Debt-to-Equity has ranged from 1.20 to 4.85 over the past decade. While the company's 10-year median is 2.20 vs. the industry median of 0.60, 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 Debt-to-Equity for a Telecommunication Services company?
The median Debt-to-Equity among Telecommunication Services companies is 0.60, based on 326 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Millicom International Cellular's current Debt-to-Equity of 4.85 is 708.3% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Millicom International Cellular and its competitors. For the Telecommunication Services industry, the median Debt-to-Equity is 0.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millicom International Cellular's current Debt-to-Equity is 4.85, which is 120% above median its own 10-year median of 2.20. 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 (TIGO) is currently considered Significantly Overvalued. The stock's GF Value™ is $38.06, compared to a current price of $96.63 — trading 153.9% above its estimated fair value. The current Debt-to-Equity is 4.85, which is 120% above median its 10-year median of 2.20 and 708.3% above the Telecommunication Services industry median of 0.60. Millicom International Cellular's overall GF Score™ is 59/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Millicom International Cellular (TIGO), the current Debt-to-Equity is 4.85 as of Jun. 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 (TIGO) Overvalued in 2026?
Based on GuruFocus' analysis, Millicom International Cellular stock appears to be overvalued.
The current stock price of $96.63 is trading 153.9% above its estimated GF Value™ of $38.06.
GuruFocus considers Millicom International Cellular to be Significantly Overvalued.
Key valuation signals for TIGO:
Debt-to-Equity: 4.85 (120% above median its 10-year median of 2.20)
GF Value™: $38.06 vs. price of $96.63 (153.9% above fair value)
Industry Position: 708.3% above the Telecommunication Services median (#313 of 326)
No single metric tells the full story. See the TIGO 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.
59GF Score
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