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What is Millicom International Cellular EV-to-OCF?
Millicom International CellularTIGO +0.28%59 EV-to-OCF is 12.17 as of Sep. 12, 2026, which is 13% above its 10-year median of 10.75. 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 372 Telecommunication Services companies, Millicom International Cellular ranks worse than 74.46% on this metric.
The historical rank and industry rank for Millicom International Cellular's EV-to-OCF or its related term are showing as below:
TIGO'
s EV-to-OCF Range Over the Past 10 Years
Min: 6.32 Med: 10.75 Max: 14.92
Current: 12.17
During the past 13 years, the highest EV-to-OCF of Millicom International Cellular was 14.92. The lowest was 6.32. And the median was 10.75.
TIGO's EV-to-OCF is ranked worse than 74.46% of 372
companies
in the Telecommunication Services industry
Industry Median: 7.15
vs TIGO: 12.17
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 (NAS:TIGO) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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:
Millicom International Cellular's share price for today is $96.63.
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 $3.960.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Millicom International Cellular EV-to-OCF Related Terms
Millicom International Cellular EV-to-OCF 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.
For the Telecom Services subindustry, Millicom International Cellular's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Millicom International Cellular's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Millicom International Cellular's EV-to-OCF falls into.
Millicom International Cellular's current Enterprise Value is $27,284 Mil.
Millicom International Cellular's Cash Flow from Operations 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 $2,241 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.
Millicom International Cellular (TIGO) has a EV-to-OCF of 12.17 as of Sep. 12, 2026. This is 13% above median its historical median of 10.75. Over the past decade, Millicom International Cellular's EV-to-OCF has ranged from 6.32 to 14.92. According to the industry distribution chart, Millicom International Cellular ranks #277 out of 372 companies in the Telecommunication Services industry, placing it in the top 74.5%.
Is Millicom International Cellular's EV-to-OCF too high?
Millicom International Cellular's current EV-to-OCF of 12.17 is 13% above median its 10-year median of 10.75. Over the past 10 years, this metric has ranged from a low of 6.32 to a high of 14.92. The Telecommunication Services industry median EV-to-OCF is 7.15. Millicom International Cellular's value of 12.17 is 70.2% above this industry median. Based on the distribution chart, Millicom International Cellular ranks #277 out of 372 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-OCF compare to CHTR and GSAT?
According to the Telecommunication Services industry distribution chart, Millicom International Cellular ranks #277 out of 372 companies for EV-to-OCF. This places Millicom International Cellular in the lower half of its industry. The industry median EV-to-OCF is 7.15. Millicom International Cellular's value of 12.17 is 70.2% above this benchmark. Historically, Millicom International Cellular's own EV-to-OCF has ranged from 6.32 to 14.92 over the past decade. While the company's 10-year median is 10.75 vs. the industry median of 7.15, 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-OCF for a Telecommunication Services company?
The median EV-to-OCF among Telecommunication Services companies is 7.15, based on 372 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Millicom International Cellular's current EV-to-OCF of 12.17 is 70.2% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Telecommunication Services industry, the median EV-to-OCF is 7.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millicom International Cellular's current EV-to-OCF is 12.17, which is 13% above median its own 10-year median of 10.75. 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 EV-to-OCF is 12.17, which is 13% above median its 10-year median of 10.75 and 70.2% above the Telecommunication Services industry median of 7.15. 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 EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Millicom International Cellular (TIGO), the current EV-to-OCF is 12.17 as of Sep. 12, 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:
EV-to-OCF: 12.17 (13% above median its 10-year median of 10.75)
GF Value™: $38.06 vs. price of $96.63 (153.9% above fair value)
Industry Position: 70.2% above the Telecommunication Services median (#277 of 372)
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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