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Millicom International CellularTIGO +0.28%59 Earnings Yield (Joel Greenblatt) % is 6.55% as of Jun. 2026, which is 2% above its 10-year median of 6.43. 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 376 Telecommunication Services companies, Millicom International Cellular ranks better than 52.66% on this metric.
Millicom International Cellular's Enterprise Value for the quarter that ended in Jun. 2026 was $26,299 Mil.
Millicom International Cellular's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $1,723 Mil. Millicom International Cellular's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 6.55%.
The historical rank and industry rank for Millicom International Cellular's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TIGO'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.28 Med: 6.43 Max: 16.85
Current: 6.31
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Millicom International Cellular was 16.85%. The lowest was 2.28%. And the median was 6.43%.
TIGO's Earnings Yield (Joel Greenblatt) % is ranked better than 52.66% of 376
companies
in the Telecommunication Services industry
Industry Median: 5.97
vs TIGO: 6.31
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Millicom International Cellular's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 7.82%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Millicom International Cellular (NAS:TIGO) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
* 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 Earnings Yield (Joel Greenblatt) % Chart
For the Telecom Services subindustry, Millicom International Cellular's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Millicom International Cellular's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Millicom International Cellular's Earnings Yield (Joel Greenblatt) % falls into.
Millicom International Cellular Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Millicom International Cellulars Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Millicom International Cellular's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,723 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 6.55% mean?
Millicom International Cellular (TIGO) has a Earnings Yield (Joel Greenblatt) % of 6.55% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Millicom International Cellular and its competitors. This is near median its historical median of 6.43. Over the past decade, Millicom International Cellular's Earnings Yield (Joel Greenblatt) % has ranged from 2.28 to 16.85. According to the industry distribution chart, Millicom International Cellular ranks #178 out of 376 companies in the Telecommunication Services industry, placing it in the top 47.3%.
Is Millicom International Cellular's Earnings Yield (Joel Greenblatt) % too high?
Millicom International Cellular's current Earnings Yield (Joel Greenblatt) % of 6.55% is near median its 10-year median of 6.43. Over the past 10 years, this metric has ranged from a low of 2.28 to a high of 16.85. The Telecommunication Services industry median Earnings Yield (Joel Greenblatt) % is 5.97. Millicom International Cellular's value of 6.55% is 9.7% above this industry median. Based on the distribution chart, Millicom International Cellular ranks #178 out of 376 companies in the Telecommunication Services industry, which is above the industry midpoint. 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 Earnings Yield (Joel Greenblatt) % compare to CHTR and GSAT?
According to the Telecommunication Services industry distribution chart, Millicom International Cellular ranks #178 out of 376 companies for Earnings Yield (Joel Greenblatt) %. This puts Millicom International Cellular in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.97. Millicom International Cellular's value of 6.55% is 9.7% above this benchmark. Historically, Millicom International Cellular's own Earnings Yield (Joel Greenblatt) % has ranged from 2.28 to 16.85 over the past decade. While the company's 10-year median is 6.43 vs. the industry median of 5.97, 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 Earnings Yield (Joel Greenblatt) % for a Telecommunication Services company?
The median Earnings Yield (Joel Greenblatt) % among Telecommunication Services companies is 5.97, based on 376 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Millicom International Cellular's current Earnings Yield (Joel Greenblatt) % of 6.55% is 9.7% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Millicom International Cellular and its competitors. For the Telecommunication Services industry, the median Earnings Yield (Joel Greenblatt) % is 5.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millicom International Cellular's current Earnings Yield (Joel Greenblatt) % is 6.55%, which is near median its own 10-year median of 6.43. 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 Earnings Yield (Joel Greenblatt) % is 6.55%, which is near median its 10-year median of 6.43 and 9.7% above the Telecommunication Services industry median of 5.97. 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 Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Millicom International Cellular (TIGO), the current Earnings Yield (Joel Greenblatt) % is 6.55% 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:
Earnings Yield (Joel Greenblatt) %: 6.55% (near median its 10-year median of 6.43)
GF Value™: $38.06 vs. price of $96.63 (153.9% above fair value)
Industry Position: 9.7% above the Telecommunication Services median (#178 of 376)
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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