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Millicom International Cellular (FRA:M4M1) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Millicom International Cellular Forward PE Ratio Related Terms
Millicom International Cellular Forward PE 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 Forward PE Ratio Chart
Millicom International Cellular Annual Data
Trend
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
22.94
12.69
9.71
9.04
8.43
11.42
Millicom International Cellular Quarterly Data
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
9.99
64.94
11.07
22.94
53.76
48.08
12.76
12.69
9.15
16.29
5.16
9.71
11.19
12.33
9.78
9.04
13.02
12.87
8.91
8.43
10.08
12.03
11.48
11.42
18.73
21.31
FRA:M4M1 vs CHTR, GSAT, LUMN: Forward PE Ratio Comparison
For the Telecom Services subindustry, Millicom International Cellular's Forward PE Ratio, along with its competitors' market caps and Forward PE 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 Forward PE Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Millicom International Cellular's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Millicom International Cellular's Forward PE Ratio falls into.
Millicom International Cellular Forward PE Ratio Calculation
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Millicom International Cellular (FRA:M4M1) has a Forward PE Ratio of 18.61 as of Aug. 22, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Millicom International Cellular and its competitors. According to the industry distribution chart, Millicom International Cellular ranks #144 out of 211 companies in the Telecommunication Services industry, placing it in the top 68.2%.
Is Millicom International Cellular's Forward PE Ratio too high?
Millicom International Cellular's current Forward PE Ratio is 18.61. The Telecommunication Services industry median Forward PE Ratio is 14.97. Millicom International Cellular's value of 18.61 is 24.3% above this industry median. Based on the distribution chart, Millicom International Cellular ranks #144 out of 211 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 Forward PE Ratio compare to CHTR and GSAT?
According to the Telecommunication Services industry distribution chart, Millicom International Cellular ranks #144 out of 211 companies for Forward PE Ratio. This places Millicom International Cellular in the lower half of its industry. The industry median Forward PE Ratio is 14.97. Millicom International Cellular's value of 18.61 is 24.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Telecommunication Services company?
The median Forward PE Ratio among Telecommunication Services companies is 14.97, based on 211 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Millicom International Cellular's current Forward PE Ratio of 18.61 is 24.3% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Millicom International Cellular and its competitors. For the Telecommunication Services industry, the median Forward PE Ratio is 14.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millicom International Cellular's current Forward PE Ratio is 18.61. 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 €30.64, compared to a current price of €77.00 — trading 151.3% above its estimated fair value. The current Forward PE Ratio is 18.61 and 24.3% above the Telecommunication Services industry median of 14.97. 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 Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Millicom International Cellular (FRA:M4M1), the current Forward PE Ratio is 18.61 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 (FRA:M4M1) Overvalued in 2026?
Based on GuruFocus' analysis, Millicom International Cellular stock appears to be overvalued.
The current stock price of €77.00 is trading 151.3% above its estimated GF Value™ of €30.64.
GuruFocus considers Millicom International Cellular to be Significantly Overvalued.
Key valuation signals for FRA:M4M1:
Forward PE Ratio: 18.61
GF Value™: €30.64 vs. price of €77.00 (151.3% above fair value)
Industry Position: 24.3% above the Telecommunication Services median (#144 of 211)
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 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
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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