Millicom International Cellular (FRA:M4M1) EV-to-EBITDA: 7.99 (As of Sep. 03, 2026) — 44% Above Median

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FRA:M4M1 Millicom International Cellular SA FRA:M4M1
59 GF Score
Price €82.00
GF Value €32.99
Valuation Significantly Overvalued
! 11 Warning Signs
View Full Analysis

What is Millicom International Cellular EV-to-EBITDA?

Millicom International Cellular FRA:M4M1 +2.50% 59 EV-to-EBITDA is 7.99 as of Sep. 03, 2026, which is 44% above its 10-year median of 5.55. GuruFocus rates FRA:M4M1 with a GF Score™ of 59/100 and a GF Value™ of €32.99 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 312 Telecommunication Services companies, Millicom International Cellular ranks worse than 61.54% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Millicom International Cellular's enterprise value is €23,337 Mil. Millicom International Cellular's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was €2,920 Mil. Therefore, Millicom International Cellular's EV-to-EBITDA for today is 7.99.

The historical rank and industry rank for Millicom International Cellular's EV-to-EBITDA or its related term are showing as below:

FRA:M4M1' s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.13   Med: 5.55   Max: 8.83
Current: 7.97

During the past 13 years, the highest EV-to-EBITDA of Millicom International Cellular was 8.83. The lowest was 3.13. And the median was 5.55.

FRA:M4M1's EV-to-EBITDA is ranked worse than
61.54% of 312 companies
in the Telecommunication Services industry
Industry Median: 6.405 vs FRA:M4M1: 7.97

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-09-03), Millicom International Cellular's stock price is €82.00. Millicom International Cellular's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €3.395. Therefore, Millicom International Cellular's PE Ratio (TTM) for today is 24.15.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Millicom International Cellular  (FRA:M4M1) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Millicom International Cellular's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=82.00/3.395
=24.15

Millicom International Cellular's share price for today is €82.00.
Millicom International Cellular's Earnings per Share (Diluted) 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 €3.395.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Millicom International Cellular EV-to-EBITDA Related Terms


Millicom International Cellular EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Millicom International Cellular's EV-to-EBITDA can be seen below:

* 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 EV-to-EBITDA Chart

Millicom International Cellular Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.66 4.15 4.73 4.36 4.86

Millicom International Cellular Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.23 4.60 4.86 6.37 7.75

FRA:M4M1 vs CHTR, GSAT, LUMN: EV-to-EBITDA Comparison

For the Telecom Services subindustry, Millicom International Cellular's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Millicom International Cellular's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Millicom International Cellular's EV-to-EBITDA falls into.


FRA:M4M1
59GF Score
Millicom International Cellular SA FRA:M4M1
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Millicom International Cellular EV-to-EBITDA Calculation

Millicom International Cellular's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=23337.290/2920.398
=7.99

Millicom International Cellular's current Enterprise Value is €23,337 Mil.
Millicom International Cellular's EBITDA 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 €2,920 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of 7.99 mean?
Millicom International Cellular (FRA:M4M1) has a EV-to-EBITDA of 7.99 as of Sep. 03, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Millicom International Cellular. This is 44% above median its historical median of 5.55. Over the past decade, Millicom International Cellular's EV-to-EBITDA has ranged from 3.13 to 8.83. According to the industry distribution chart, Millicom International Cellular ranks #192 out of 312 companies in the Telecommunication Services industry, placing it in the top 61.5%.
Is Millicom International Cellular's EV-to-EBITDA too high?
Millicom International Cellular's current EV-to-EBITDA of 7.99 is 44% above median its 10-year median of 5.55. Over the past 10 years, this metric has ranged from a low of 3.13 to a high of 8.83. The Telecommunication Services industry median EV-to-EBITDA is 6.41. Millicom International Cellular's value of 7.99 is 24.7% above this industry median. Based on the distribution chart, Millicom International Cellular ranks #192 out of 312 companies in the Telecommunication Services industry, which is below 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 EV-to-EBITDA compare to CHTR and GSAT?
According to the Telecommunication Services industry distribution chart, Millicom International Cellular ranks #192 out of 312 companies for EV-to-EBITDA. This places Millicom International Cellular in the lower half of its industry. The industry median EV-to-EBITDA is 6.41. Millicom International Cellular's value of 7.99 is 24.7% above this benchmark. Historically, Millicom International Cellular's own EV-to-EBITDA has ranged from 3.13 to 8.83 over the past decade. While the company's 10-year median is 5.55 vs. the industry median of 6.41, 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 EV-to-EBITDA for a Telecommunication Services company?
The median EV-to-EBITDA among Telecommunication Services companies is 6.41, based on 312 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Millicom International Cellular's current EV-to-EBITDA of 7.99 is 24.7% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Millicom International Cellular. For the Telecommunication Services industry, the median EV-to-EBITDA is 6.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millicom International Cellular's current EV-to-EBITDA is 7.99, which is 44% above median its own 10-year median of 5.55. 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 (FRA:M4M1) is currently considered Significantly Overvalued. The stock's GF Value™ is €32.99, compared to a current price of €82.00 — trading 148.6% above its estimated fair value. The current EV-to-EBITDA is 7.99, which is 44% above median its 10-year median of 5.55 and 24.7% above the Telecommunication Services industry median of 6.41. Millicom International Cellular's overall GF Score™ is 59/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Millicom International Cellular (FRA:M4M1), the current EV-to-EBITDA is 7.99 as of Sep. 03, 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 (FRA:M4M1) Overvalued in 2026?

Based on GuruFocus' analysis, Millicom International Cellular stock appears to be overvalued. The current stock price of €82.00 is trading 148.6% above its estimated GF Value™ of €32.99. GuruFocus considers Millicom International Cellular to be Significantly Overvalued.

Key valuation signals for FRA:M4M1:

  • EV-to-EBITDA: 7.99 (44% above median its 10-year median of 5.55)
  • GF Value™: €32.99 vs. price of €82.00 (148.6% above fair value)
  • GF Score™: 59/100 with 11 warning signs
  • Industry Position: 24.7% above the Telecommunication Services median (#192 of 312)

No single metric tells the full story. See the FRA:M4M1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Millicom International Cellular Business Description

Other Exchanges TIGO:USAM4M1:Germany
Address 8400 NW 36th Street, Suite 530, Doral, FL, USA, 33166
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

Get the complete analysis for FRA:M4M1

EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€82.00
Price
€32.99
GF Value