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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Millicom International Cellular's annualized net income for the quarter that ended in Mar. 2026 was €377 Mil. Millicom International Cellular's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €-4,189 Mil. Therefore, Millicom International Cellular's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Millicom International Cellular's Return-on-Tangible-Equity or its related term are showing as below:
STU:M4M1'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.66 Med: -0.99 Max: 4.78
Current: Negative Tangible Equity
During the past 13 years, Millicom International Cellular's highest Return-on-Tangible-Equity was 4.78%. The lowest was -1.66%. And the median was -0.99%.
STU:M4M1's Return-on-Tangible-Equity is ranked better than 99.69% of 327
companies
in the Telecommunication Services industry
Industry Median: 14.05
vs STU:M4M1: Negative Tangible Equity
Millicom International Cellular (STU:M4M1) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Millicom International Cellular Return-on-Tangible-Equity Related Terms
Millicom International Cellular Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Chart
STU:M4M1 vs CHTR, GSAT, LUMN: Return-on-Tangible-Equity Comparison
For the Telecom Services subindustry, Millicom International Cellular's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Millicom International Cellular's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Millicom International Cellular's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
Millicom International Cellular (STU:M4M1) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Millicom International Cellular and its competitors. According to the industry distribution chart, Millicom International Cellular ranks #1 out of 327 companies in the Telecommunication Services industry, placing it in the top 0.3%.
Is Millicom International Cellular's Return-on-Tangible-Equity too high?
Millicom International Cellular's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Millicom International Cellular ranks #1 out of 327 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Millicom International Cellular has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millicom International Cellular's Return-on-Tangible-Equity compare to CHTR and GSAT?
According to the Telecommunication Services industry distribution chart, Millicom International Cellular ranks #1 out of 327 companies for Return-on-Tangible-Equity. This places Millicom International Cellular in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 14.05. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Telecommunication Services company?
The median Return-on-Tangible-Equity among Telecommunication Services companies is 14.05, based on 327 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Millicom International Cellular and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Equity is 14.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millicom International Cellular's current Return-on-Tangible-Equity is Negative Tangible Equity%. 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 (STU:M4M1) is currently considered Significantly Overvalued. The stock's GF Value™ is €29.76, compared to a current price of €82.00 — trading 175.5% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Millicom International Cellular's overall GF Score™ is 63/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Millicom International Cellular (STU:M4M1), the current Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 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 (STU: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 175.5% above its estimated GF Value™ of €29.76.
GuruFocus considers Millicom International Cellular to be Significantly Overvalued.
No single metric tells the full story. See the STU:M4M1 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.
63GF Score
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