TIGO vs TMUS vs BCE Stock Comparison

Millicom International Cellular, T-Mobile US and Bce Prices as of Oct 29, 2026 Peers: Industry group
TMUS T-Mobile US, Inc.
$147.29 -9.6% 1M -31.5% 1Y
Market cap
$156.55B
P/E
14.0x
Revenue (TTM)
$93.82B
Div. yield
2.77%
Wireless Carriers Communication Services
1 win
BCE Bce Inc
$20.04 -0.5% 1M -14.7% 1Y
Market cap
$18.69B
P/E
3.7x
Revenue (TTM)
$21.97B
Div. yield
8.16%
Wireless Carriers Communication Services
7 wins

Head to Head

12 decided of 12

Bce leads on 7 of the 12 questions below (Bce 7, Millicom International Cellular 4, T-Mobile US 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTIGOTMUSBCELeader
Larger companyMarket capitalisation $13.50B $156.55B $18.69B TMUS
Cheaper on earningsLower P/E, profitable companies only 20.1x 14.0x 3.7x BCE
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.0x 13.0x 11.1x BCE
Faster revenue growthRevenue growth, trailing twelve months +29.4% +9.3% +2.2% TIGO
More profitableNet margin, trailing twelve months 9.2% 12.0% 22.7% BCE
Better return on capitalReturn on invested capital 16.8% 10.5% 20.9% BCE
Less leveragedLower net debt / EBITDA 2.0x 2.3x 2.1x TIGO
Higher dividend yieldTrailing dividend yield 4.38% 2.77% 8.16% BCE
Better 1-year returnPrice return, last 12 months +71.6% -31.5% -14.7% TIGO
Better 5-year returnAnnualised price return, 5 years +18.0%/yr +5.1%/yr -17.2%/yr TIGO
Less volatileAnnualised volatility, 1 year 41.5% 35.5% 22.0% BCE
Higher overall scoreMean of the five percentile scores vs peers 53/100 68/100 69/100 BCE

Percentile Scorecard

TIGOTMUSBCE

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisTIGOTMUSBCE
Valuation 46 #27 of 49 50 #25 of 49 71 #15 of 49
Growth 68 #15 of 45 77 #11 of 45 61 #18 of 45
Profitability 77 #11 of 45 86 #7 of 45 93 #4 of 45
Financial Health 25 #37 of 49 50 #25 of 49 44 #28 of 49
Shareholder Returns 50 #19 of 37 75 #10 of 37 78 #9 of 37
Overall 53 68 69
  • TIGO ranked among 51 companies in Telecommunications
  • TMUS ranked among 51 companies in Telecommunications
  • BCE ranked among 51 companies in Telecommunications

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodTIGOTMUSBCESPY
1 month -12.9%-9.6%-0.5% +0.7%
3 months -16.0%-15.0%-7.7% +3.7%
6 months -5.9%-24.7%-15.7% +7.1%
Year to date +44.1%-27.5%-15.9% +12.8%
1 year +71.6%-31.5%-14.7% +11.9%
3 years +414.8%+4.0%-46.2% +85.2%
3 years, per year +72.7%+1.3%-18.7% +22.8%
5 years +128.5%+28.0%-61.1% +67.6%
5 years, per year +18.0%+5.1%-17.2% +10.9%
10 years —+198.5%-55.7% +262.0%
10 years, per year —+11.6%-7.8% +13.7%

Risk

MeasureTIGOTMUSBCESPY
Volatility, 1Y 41.5%35.5%22.0% 12.7%
Downside volatility, 1Y 43.7%42.0%23.1% 12.6%
Beta vs S&P 500, 1Y 0.30-0.38-0.23 1.00
Return / volatility, 1Y 1.73-0.89-0.67 0.94
Max drawdown, 5Y -71.3%-46.3%-68.2% -25.4%
From 52-week high -23.4%-33.6%-24.2% -1.2%
52-week high $104.31$221.98$26.45 $779.14
52-week low $45.81$146.54$18.79 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleTIGOTMUSBCE
P/E now vs peer median 20.1xmedian 11.5x 14.0xmedian 11.5x 3.7xmedian 11.5x
P/S now vs peer median 1.9xmedian 1.1x 1.7xmedian 1.1x 0.9xmedian 1.1x
EV/EBITDA now vs peer median 6.0xmedian 6.8x 6.9xmedian 6.8x 3.5xmedian 6.8x
P/FCF now vs peer median 22.9xmedian 5.9x 8.4xmedian 5.9x -8.7xmedian 5.9x
P/B now vs peer median 5.4xmedian 1.3x 2.8xmedian 1.3x 1.1xmedian 1.3x
PEG now vs peer median 0.06median 0.25 0.83median 0.25 0.08median 0.25

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsTIGOTMUSBCE
Revenue $7.24B $93.82B $21.97B
Gross profit – $58.23B $18.64B
Operating income $1.74B $19.38B $9.82B
Net income $646.00M $11.30B $4.68B
Free cash flow $590.00M $18.65B -$2.14B
EPS (diluted) $3.96 $10.55 $5.37
Cash & equivalents $861.00M $5.62B $335.70M
Total debt $26.42B $83.67B $29.40B
Shares (diluted) 168.00M 1.07B 929.10M
Enterprise value $8.29B $138.98B $17.03B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricTIGOTMUSBCE
P/E 20.1x 14.0x 3.7x
P/FCF 22.9x 8.4x -8.7x
P/Operating cash flow 22.9x 5.5x 3.0x
P/S 1.9x 1.7x 0.9x
P/B 5.4x 2.8x 1.1x
P/Tangible book -2.1x -3.6x 4.3x
EV/EBITDA 6.0x 6.9x 3.5x
EV/EBIT 11.7x 12.1x 4.9x
EV/Revenue 2.8x 2.5x 2.2x
EV/FCF 34.4x 12.6x -22.3x
EV/Operating cash flow 34.4x 8.2x 7.6x
PEG (3Y EPS CAGR) 0.06 0.83 0.08

Growth

14 metrics
MetricTIGOTMUSBCE
Revenue growth (1Y) 29.4% 9.3% 2.2%
Revenue CAGR (3Y) 9.4% 6.2% 6.2%
Gross profit growth (1Y) – 6.7% -0.8%
Gross profit CAGR (3Y) – 6.7% 9.6%
Operating income growth (1Y) 20.0% 1.3% -10.8%
Operating income CAGR (3Y) 28.3% 12.7% 87.6%
Net income growth (1Y) -35.3% -4.8% 1,063%
Net income CAGR (3Y) 121.4% 13.3% 36.8%
EPS growth (1Y) -28.2% 0.1% 1,649%
EPS CAGR (3Y) 351.7% 16.8% 44.4%
Operating cash flow growth (1Y) -52.2% 7.0% -7.0%
Operating cash flow CAGR (3Y) -1.5% 16.8% -6.4%
Free cash flow growth (1Y) -52.2% 8.8% -144.0%
Free cash flow CAGR (3Y) -1.5% 42.6% -32.6%

Profitability

14 metrics
MetricTIGOTMUSBCE
Gross margin – 62.1% 84.8%
EBITDA margin 47.1% 36.1% 62.9%
Operating margin 24.0% 20.7% 44.7%
Pretax margin 13.3% 15.8% 52.5%
Net margin 9.2% 12.0% 22.7%
FCF margin 8.2% 19.9% -9.8%
Operating cash flow margin 8.2% 30.6% 28.6%
Return on equity 22.8% 20.1% 31.0%
Return on assets 3.1% 5.3% 9.0%
Return on invested capital 16.8% 10.5% 20.9%
Return on capital employed 11.2% 10.2% 19.5%
Asset turnover 0.3x 0.4x 0.4x
Cash conversion (OCF / net income) 0.9x 2.5x 1.3x
Stock comp / revenue 0.1% 0.9% –

Financial Health

11 metrics
MetricTIGOTMUSBCE
Debt / assets 37.0% 39.3% 51.5%
Debt / equity 3.1x 1.5x 1.8x
Net debt / EBITDA 2.0x 2.3x 2.1x
Debt / FCF 13.0x 4.5x -13.7x
Liabilities / assets 87.9% 73.6% 70.6%
Equity / assets 12.1% 26.4% 29.4%
Interest coverage 1.9x – 10.5x
Current ratio 0.5x 0.9x 0.7x
Quick ratio 0.3x 0.5x 0.5x
Cash ratio 0.2x 0.2x 0.0x
Altman Z-score 1.07 1.50 1.16

Shareholder Returns

7 metrics
MetricTIGOTMUSBCE
Dividend yield 4.4% 2.8% 8.2%
Net buyback yield – 7.7% -0.5%
Shareholder yield 4.4% 10.4% 7.6%
Payout ratio (earnings) – 39.3% 41.1%
Payout ratio (FCF) – 23.8% -89.7%
Dividend growth (1Y) – 11.1% 146.7%
Dividend CAGR (3Y) – – 34.6%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusTIGOTMUSBCE
Forward P/E 21.0xFY2026 13.0xFY2026 11.1xFY2026
EPS, next fiscal year $3.80FY2026 $11.36FY2026 $1.80FY2026
EPS growth, next FY -51.5%FY2026 +16.9%FY2026 -11.8%FY2026
EPS growth, the year after +65.5% +30.7% -2.2%
Revenue, next fiscal year $9.17BFY2026 $96.73BFY2026 $18.56BFY2026
Revenue growth, next FY +57.6%FY2026 +9.5%FY2026 +4.2%FY2026
Revenue growth, the year after -4.3% +6.6% +0.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTIGOTMUSBCE
Held by institutions 46.3% 43.1% 48.1%
Institutions holding 438 1,657 395
Change in shares held, QoQ +7.3% +4.7% +5.3%
Institutions buying 284 849 185
Institutions selling 127 631 130
Buyers to sellers 2.24 1.35 1.42

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

TIGOTMUSBCE
TIGO 1.00 0.17 0.15
TMUS 0.17 1.00 0.45
BCE 0.15 0.45 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, TIGO, TMUS and BCE?

T-Mobile US (TMUS) is the largest by market capitalisation: Millicom International Cellular (TIGO) $13.50B, T-Mobile US (TMUS) $156.55B, Bce (BCE) $18.69B.

Which stock is cheaper, TIGO, TMUS and BCE?

Bce (BCE) trades on the lowest price-to-earnings ratio (Millicom International Cellular (TIGO) 20.1x, T-Mobile US (TMUS) 14.0x, Bce (BCE) 3.7x). On next year's consensus earnings, Bce (BCE) is cheapest (Millicom International Cellular (TIGO) 21.0x, T-Mobile US (TMUS) 13.0x, Bce (BCE) 11.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Millicom International Cellular (TIGO) grew revenue fastest over the trailing twelve months: Millicom International Cellular (TIGO) +29.4%, T-Mobile US (TMUS) +9.3%, Bce (BCE) +2.2%.

Which company is more profitable?

Bce (BCE) has the highest net margin (Millicom International Cellular (TIGO) 9.2%, T-Mobile US (TMUS) 12.0%, Bce (BCE) 22.7%). On return on invested capital, Bce (BCE) leads (Millicom International Cellular (TIGO) 16.8%, T-Mobile US (TMUS) 10.5%, Bce (BCE) 20.9%).

Which stock has performed better?

Over the past year Millicom International Cellular (TIGO) returned the most: Millicom International Cellular (TIGO) +71.6%, T-Mobile US (TMUS) -31.5%, Bce (BCE) -14.7%. Over five years, Millicom International Cellular (TIGO) compounded fastest (Millicom International Cellular (TIGO) +18.0%/yr, T-Mobile US (TMUS) +5.1%/yr, Bce (BCE) -17.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Bce (BCE) has the highest dividend yield: Millicom International Cellular (TIGO) 4.38%, T-Mobile US (TMUS) 2.77%, Bce (BCE) 8.16%.

Which stock is riskier?

By one-year price volatility, Bce (BCE) has been the steadiest (Millicom International Cellular (TIGO) 41.5%, T-Mobile US (TMUS) 35.5%, Bce (BCE) 22.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TIGO, TMUS and BCE?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Bce (BCE) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.