TKC vs VZ vs TIGO Stock Comparison

Turkcell Iletisim Hizmetleri A S, Verizon Communications and Millicom International Cellular Prices as of Oct 26, 2026 Peers: Industry group
VZ Verizon Communications Inc
$43.11 -8.5% 1M +11.1% 1Y
Market cap
$183.12B
P/E
11.9x
Revenue (TTM)
—
Div. yield
–
Wireless Carriers Communication Services
1 win

Head to Head

7 decided of 12

Turkcell Iletisim Hizmetleri A S leads on 4 of the 12 questions below (Turkcell Iletisim Hizmetleri A S 4, Millicom International Cellular 2, Verizon Communications 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTKCVZTIGOLeader
Larger companyMarket capitalisation $4.04B $183.12B $13.37B VZ
Cheaper on earningsLower P/E, profitable companies only 9.8x 11.9x 20.1x TKC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 7.8x 8.2x 20.6x TKC
Faster revenue growthRevenue growth, trailing twelve months — — +29.4% –
More profitableNet margin, trailing twelve months — — 9.2% –
Better return on capitalReturn on invested capital — — 16.8% –
Less leveragedLower net debt / EBITDA — — 2.0x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -24.1% +11.1% +65.3% TIGO
Better 5-year returnAnnualised price return, 5 years +1.7%/yr -3.9%/yr +16.7%/yr TIGO
Less volatileAnnualised volatility, 1 year 27.5% 28.0% 42.0% TKC
Higher overall scoreMean of the five percentile scores vs peers 73/100 — 54/100 TKC

Percentile Scorecard

TKCVZTIGO

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

AxisTKCVZTIGO
Valuation 96 #3 of 49 56 #22 of 49 46 #27 of 49
Growth – – 71 #14 of 45
Profitability – – 77 #11 of 45
Financial Health 83 #9 of 49 – 25 #37 of 49
Shareholder Returns 39 #23 of 37 72 #11 of 37 53 #18 of 37
Overall 73 – 54
  • TKC ranked among 51 companies in Telecommunications
  • VZ ranked among 51 companies in Telecommunications
  • TIGO ranked among 51 companies in Telecommunications

Price Performance

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

Returns

PeriodTKCVZTIGOSPY
1 month -11.0%-8.5%-15.4% -0.8%
3 months -16.7%-9.0%-17.9% +3.5%
6 months -28.6%-8.5%-5.4% +7.0%
Year to date -16.1%+5.8%+41.3% +12.2%
1 year -24.1%+11.1%+65.3% +13.0%
3 years +6.0%+28.9%+411.0% +86.3%
3 years, per year +2.0%+8.8%+72.3% +23.1%
5 years +9.0%-18.1%+116.1% +68.6%
5 years, per year +1.7%-3.9%+16.7% +11.0%
10 years -44.2%-9.5%— +258.0%
10 years, per year -5.7%-1.0%— +13.6%

Risk

MeasureTKCVZTIGOSPY
Volatility, 1Y 27.5%28.0%42.0% 12.7%
Downside volatility, 1Y 29.2%28.1%44.5% 12.7%
Beta vs S&P 500, 1Y 0.70-0.440.30 1.00
Return / volatility, 1Y -0.880.391.56 1.02
Max drawdown, 5Y -47.1%-44.3%-71.3% -25.4%
From 52-week high -35.8%-16.1%-24.9% -1.8%
52-week high $7.15$51.38$104.31 $779.14
52-week low $4.59$38.91$45.81 $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.

MultipleTKCVZTIGO
P/E now vs peer median 9.8xmedian 11.8x 11.9xmedian 11.8x 19.7xmedian 11.8x
P/S now vs peer median 0.7xmedian 1.1x 1.4xmedian 1.1x 1.8xmedian 1.1x
EV/EBITDA now vs peer median —median 6.8x —median 6.8x 5.9xmedian 6.8x
P/FCF now vs peer median 3.3xmedian 5.7x 8.9xmedian 5.7x 22.4xmedian 5.7x
P/B now vs peer median 0.7xmedian 1.3x 1.7xmedian 1.3x 5.3xmedian 1.3x
PEG now vs peer median —median 0.24 —median 0.24 0.06median 0.24

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 monthsTKCVZTIGO
Revenue – – $7.24B
Operating income – – $1.74B
Net income – – $646.00M
Free cash flow – – $590.00M
EPS (diluted) – – $3.96
Cash & equivalents $2.14B $4.50B $861.00M
Total debt $3.69B – $26.42B
Shares (diluted) – 4.17B 168.00M
Enterprise value -$4.21B $183.12B $8.12B

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
MetricTKCVZTIGO
P/E 9.8x 11.9x 19.7x
P/FCF 3.3x 8.9x 22.4x
P/Operating cash flow – – 22.4x
P/S 0.7x 1.4x 1.8x
P/B 0.7x 1.7x 5.3x
P/Tangible book 0.7x -3.3x -2.1x
EV/EBITDA – – 5.9x
EV/EBIT – – 11.5x
EV/Revenue – – 2.8x
EV/FCF – – 33.9x
EV/Operating cash flow – – 33.9x
PEG (3Y EPS CAGR) – – 0.06

Growth

14 metrics
MetricTKCVZTIGO
Revenue growth (1Y) – – 29.4%
Revenue CAGR (3Y) – – 9.4%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – – 20.0%
Operating income CAGR (3Y) – – 28.3%
Net income growth (1Y) – – -35.3%
Net income CAGR (3Y) – – 121.4%
EPS growth (1Y) – – -28.2%
EPS CAGR (3Y) – – 351.7%
Operating cash flow growth (1Y) – – -52.2%
Operating cash flow CAGR (3Y) – – -1.5%
Free cash flow growth (1Y) – – -52.2%
Free cash flow CAGR (3Y) – – -1.5%

Profitability

14 metrics
MetricTKCVZTIGO
Gross margin – – –
EBITDA margin – – 47.1%
Operating margin – – 24.0%
Pretax margin – – 13.3%
Net margin – – 9.2%
FCF margin – – 8.2%
Operating cash flow margin – – 8.2%
Return on equity – – 22.8%
Return on assets – – 3.1%
Return on invested capital – – 16.8%
Return on capital employed – – 11.2%
Asset turnover – – 0.3x
Cash conversion (OCF / net income) – – 0.9x
Stock comp / revenue – – 0.1%

Financial Health

11 metrics
MetricTKCVZTIGO
Debt / assets 31.7% – 37.0%
Debt / equity 0.6x – 3.1x
Net debt / EBITDA – – 2.0x
Debt / FCF – – 13.0x
Liabilities / assets 48.2% – 87.9%
Equity / assets 51.8% 25.8% 12.1%
Interest coverage – – 1.9x
Current ratio 1.7x 0.6x 0.5x
Quick ratio 1.4x – 0.3x
Cash ratio 1.2x – 0.2x
Altman Z-score – – 1.06

Shareholder Returns

7 metrics
MetricTKCVZTIGO
Dividend yield 2.4% 6.5% 4.5%
Net buyback yield – – –
Shareholder yield 2.4% 6.5% 4.5%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusTKCVZTIGO
Forward P/E 7.8xFY2026 8.2xFY2026 20.6xFY2026
EPS, next fiscal year $0.59FY2026 $5.23FY2026 $3.80FY2026
EPS growth, next FY +28.3%FY2026 +11.0%FY2026 -51.5%FY2026
EPS growth, the year after +44.1% +7.5% +65.5%
Revenue, next fiscal year $6.31BFY2026 $145.77BFY2026 $9.17BFY2026
Revenue growth, next FY +15.2%FY2026 +5.5%FY2026 +57.6%FY2026
Revenue growth, the year after +41.5% +0.2% -4.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTKCVZTIGO
Held by institutions 5.7% 68.7% 46.2%
Institutions holding 172 3,131 437
Change in shares held, QoQ -2.4% +3.1% +7.3%
Institutions buying 84 1,594 283
Institutions selling 65 1,246 127
Buyers to sellers 1.29 1.28 2.23

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.

TKCVZTIGO
TKC 1.00 0.12 0.22
VZ 0.12 1.00 0.13
TIGO 0.22 0.13 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TKC, VZ and TIGO?

Verizon Communications (VZ) is the largest by market capitalisation: Turkcell Iletisim Hizmetleri A S (TKC) $4.04B, Verizon Communications (VZ) $183.12B, Millicom International Cellular (TIGO) $13.37B.

Which stock is cheaper, TKC, VZ and TIGO?

Turkcell Iletisim Hizmetleri A S (TKC) trades on the lowest price-to-earnings ratio (Turkcell Iletisim Hizmetleri A S (TKC) 9.8x, Verizon Communications (VZ) 11.9x, Millicom International Cellular (TIGO) 20.1x). On next year's consensus earnings, Turkcell Iletisim Hizmetleri A S (TKC) is cheapest (Turkcell Iletisim Hizmetleri A S (TKC) 7.8x, Verizon Communications (VZ) 8.2x, Millicom International Cellular (TIGO) 20.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which stock has performed better?

Over the past year Millicom International Cellular (TIGO) returned the most: Turkcell Iletisim Hizmetleri A S (TKC) -24.1%, Verizon Communications (VZ) +11.1%, Millicom International Cellular (TIGO) +65.3%. Over five years, Millicom International Cellular (TIGO) compounded fastest (Turkcell Iletisim Hizmetleri A S (TKC) +1.7%/yr, Verizon Communications (VZ) -3.9%/yr, Millicom International Cellular (TIGO) +16.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Turkcell Iletisim Hizmetleri A S (TKC) has been the steadiest (Turkcell Iletisim Hizmetleri A S (TKC) 27.5%, Verizon Communications (VZ) 28.0%, Millicom International Cellular (TIGO) 42.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TKC, VZ and TIGO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Turkcell Iletisim Hizmetleri A S (TKC) leads on 4. 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.