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Millicom International CellularTIGO -0.42%61 PB Ratio is 5.09 as of Jul. 29, 2026, which is 184% above its 10-year median of 1.79. GuruFocus rates TIGO with a GF Score™ of 61/100 and a GF Value™ of $34.18 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 339 Telecommunication Services companies, Millicom International Cellular ranks worse than 86.14% on this metric.
Millicom International Cellular SA stock PB Ratio (=5.11) is close to 10-year high of 5.25.
The historical rank and industry rank for Millicom International Cellular's PB Ratio or its related term are showing as below:
TIGO'
s PB Ratio Range Over the Past 10 Years
Min: 0.52 Med: 1.79 Max: 5.25
Current: 5.09
During the past 13 years, Millicom International Cellular's highest PB Ratio was 5.25. The lowest was 0.52. And the median was 1.79.
TIGO's PB Ratio is ranked worse than 86.14% of 339
companies
in the Telecommunication Services industry
Industry Median: 1.81
vs TIGO: 5.09
During the past 12 months, Millicom International Cellular's average Book Value Per Share Growth Rate was -7.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -1.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Millicom International Cellular was 74.30% per year. The lowest was -37.90% per year. And the median was 9.20% per year.
Back to Basics: PB Ratio
Millicom International Cellular (NAS:TIGO) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Millicom International Cellular PB Ratio Related Terms
Millicom International Cellular PB 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.
For the Telecom Services subindustry, Millicom International Cellular's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Millicom International Cellular's PB Ratio distribution charts can be found below:
* The bar in red indicates where Millicom International Cellular's PB Ratio falls into.
Millicom International Cellular PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Millicom International Cellular (TIGO) has a PB Ratio of 5.09 as of Jul. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Millicom International Cellular and its competitors. This is 184% above median its historical median of 1.79. Over the past decade, Millicom International Cellular's PB Ratio has ranged from 0.52 to 5.25. According to the industry distribution chart, Millicom International Cellular ranks #292 out of 339 companies in the Telecommunication Services industry, placing it in the top 86.1%.
Is Millicom International Cellular's PB Ratio too high?
Millicom International Cellular's current PB Ratio of 5.09 is 184% above median its 10-year median of 1.79. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 5.25. The Telecommunication Services industry median PB Ratio is 1.81. Millicom International Cellular's value of 5.09 is 181.2% above this industry median. Based on the distribution chart, Millicom International Cellular ranks #292 out of 339 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Millicom International Cellular has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millicom International Cellular's PB Ratio compare to CHTR and GSAT?
According to the Telecommunication Services industry distribution chart, Millicom International Cellular ranks #292 out of 339 companies for PB Ratio. This places Millicom International Cellular in the lower half of its industry. The industry median PB Ratio is 1.81. Millicom International Cellular's value of 5.09 is 181.2% above this benchmark. Historically, Millicom International Cellular's own PB Ratio has ranged from 0.52 to 5.25 over the past decade. While the company's 10-year median is 1.79 vs. the industry median of 1.81, 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 PB Ratio for a Telecommunication Services company?
The median PB Ratio among Telecommunication Services companies is 1.81, based on 339 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Millicom International Cellular's current PB Ratio of 5.09 is 181.2% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Millicom International Cellular and its competitors. For the Telecommunication Services industry, the median PB Ratio is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millicom International Cellular's current PB Ratio is 5.09, which is 184% above median its own 10-year median of 1.79. 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 $34.18, compared to a current price of $95.25 — trading 178.7% above its estimated fair value. The current PB Ratio is 5.09, which is 184% above median its 10-year median of 1.79 and 181.2% above the Telecommunication Services industry median of 1.81. Millicom International Cellular's overall GF Score™ is 61/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Millicom International Cellular (TIGO), the current PB Ratio is 5.09 as of Jul. 29, 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 $95.25 is trading 178.7% above its estimated GF Value™ of $34.18.
GuruFocus considers Millicom International Cellular to be Significantly Overvalued.
Key valuation signals for TIGO:
PB Ratio: 5.09 (184% above median its 10-year median of 1.79)
GF Value™: $34.18 vs. price of $95.25 (178.7% above fair value)
Industry Position: 181.2% above the Telecommunication Services median (#292 of 339)
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 International Cellular Business Description
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.
61GF Score
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