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Millicom International CellularSTU:M4M1 -1.80%63 ROE % is 12.96% as of Mar. 2026, which is 205% above its 10-year median of 4.25. GuruFocus rates STU:M4M1 with a GF Score™ of 63/100 and a GF Value™ of €29.76 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 347 Telecommunication Services companies, Millicom International Cellular ranks better than 93.08% on this metric.
STU:M4M1'
s ROE % Range Over the Past 10 Years
Min: -15.39 Med: 4.25 Max: 36.21
Current: 36.14
During the past 13 years, Millicom International Cellular's highest ROE % was 36.21%. The lowest was -15.39%. And the median was 4.25%.
STU:M4M1's ROE % is ranked better than 93.08% of 347
companies
in the Telecommunication Services industry
Industry Median: 7.35
vs STU:M4M1: 36.14
Millicom International Cellular (STU:M4M1) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
Millicom International Cellular ROE % Related Terms
Millicom International Cellular ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Millicom International Cellular's ROE % distribution charts can be found below:
* The bar in red indicates where Millicom International Cellular's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
Millicom International Cellular (STU:M4M1) has a ROE % of 12.96% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Millicom International Cellular and its competitors. This is 205% above median its historical median of 4.25. According to the industry distribution chart, Millicom International Cellular ranks #24 out of 347 companies in the Telecommunication Services industry, placing it in the top 6.9%.
Is Millicom International Cellular's ROE % too high?
Millicom International Cellular's current ROE % of 12.96% is 205% above median its 10-year median of 4.25. The Telecommunication Services industry median ROE % is 7.35. Millicom International Cellular's value of 12.96% is 76.3% above this industry median. Based on the distribution chart, Millicom International Cellular ranks #24 out of 347 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 ROE % compare to CHTR and GSAT?
According to the Telecommunication Services industry distribution chart, Millicom International Cellular ranks #24 out of 347 companies for ROE %. This places Millicom International Cellular in the top 7% of its industry — outperforming the majority of peers. The industry median ROE % is 7.35. Millicom International Cellular's value of 12.96% is 76.3% above this benchmark. While the company's 10-year median is 4.25 vs. the industry median of 7.35, 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 ROE % for a Telecommunication Services company?
The median ROE % among Telecommunication Services companies is 7.35, based on 347 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Millicom International Cellular's current ROE % of 12.96% is 76.3% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Millicom International Cellular and its competitors. For the Telecommunication Services industry, the median ROE % is 7.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millicom International Cellular's current ROE % is 12.96%, which is 205% above median its own 10-year median of 4.25. 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 ROE % is 12.96%, which is 205% above median its 10-year median of 4.25 and 76.3% above the Telecommunication Services industry median of 7.35. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Millicom International Cellular (STU:M4M1), the current ROE % is 12.96% 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.
Key valuation signals for STU:M4M1:
ROE %: 12.96% (205% above median its 10-year median of 4.25)
GF Value™: €29.76 vs. price of €82.00 (175.5% above fair value)
Industry Position: 76.3% above the Telecommunication Services median (#24 of 347)
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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