TLK vs BCE vs TIGO Stock Comparison

Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk, Bce and Millicom International Cellular Prices as of Oct 26, 2026 Peers: Industry group
BCE Bce Inc
$20.26 -3.4% 1M -14.9% 1Y
Market cap
$18.67B
P/E
3.7x
Revenue (TTM)
$21.97B
Div. yield
0.10%
Wireless Carriers Communication Services
5 wins

Head to Head

11 decided of 12

Bce leads on 5 of the 12 questions below (Bce 5, Millicom International Cellular 5, Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTLKBCETIGOLeader
Larger companyMarket capitalisation $11.63B $18.67B $13.37B BCE
Cheaper on earningsLower P/E, profitable companies only — 3.7x 20.1x BCE
Cheaper on forward earningsLower price / next fiscal year consensus EPS 11.2x 11.3x 20.6x TLK
Faster revenue growthRevenue growth, trailing twelve months — +2.2% +29.4% TIGO
More profitableNet margin, trailing twelve months — 22.7% 9.2% BCE
Better return on capitalReturn on invested capital — 13.4% 16.8% TIGO
Less leveragedLower net debt / EBITDA — 2.8x 2.0x TIGO
Higher dividend yieldTrailing dividend yield 0.00% 0.10% 0.00% –
Better 1-year returnPrice return, last 12 months -39.0% -14.9% +65.3% TIGO
Better 5-year returnAnnualised price return, 5 years -14.3%/yr -16.9%/yr +16.7%/yr TIGO
Less volatileAnnualised volatility, 1 year 38.3% 22.0% 42.0% BCE
Higher overall scoreMean of the five percentile scores vs peers — 67/100 54/100 BCE

Percentile Scorecard

TLKBCETIGO

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

AxisTLKBCETIGO
Valuation – 69 #16 of 49 46 #27 of 49
Growth – 61 #18 of 45 71 #14 of 45
Profitability – 91 #5 of 45 77 #11 of 45
Financial Health 67 #17 of 49 40 #30 of 49 25 #37 of 49
Shareholder Returns 94 #3 of 37 75 #10 of 37 53 #18 of 37
Overall – 67 54
  • TLK ranked among 51 companies in Telecommunications
  • BCE 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

PeriodTLKBCETIGOSPY
1 month -8.1%-3.4%-15.4% -0.8%
3 months -15.1%-4.7%-17.9% +3.5%
6 months -27.2%-14.0%-5.4% +7.0%
Year to date -41.8%-14.9%+41.3% +12.2%
1 year -39.0%-14.9%+65.3% +13.0%
3 years -44.4%-44.7%+411.0% +86.3%
3 years, per year -17.8%-17.9%+72.3% +23.1%
5 years -53.7%-60.3%+116.1% +68.6%
5 years, per year -14.3%-16.9%+16.7% +11.0%
10 years -61.8%-55.2%— +258.0%
10 years, per year -9.2%-7.7%— +13.6%

Risk

MeasureTLKBCETIGOSPY
Volatility, 1Y 38.3%22.0%42.0% 12.7%
Downside volatility, 1Y 44.1%23.1%44.5% 12.7%
Beta vs S&P 500, 1Y 0.62-0.230.30 1.00
Return / volatility, 1Y -1.02-0.681.56 1.02
Max drawdown, 5Y -68.3%-68.2%-71.3% -25.4%
From 52-week high -47.7%-23.4%-24.9% -1.8%
52-week high $23.43$26.45$104.31 $779.14
52-week low $10.44$18.79$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.

MultipleTLKBCETIGO
P/E now vs peer median —median 11.8x 3.8xmedian 11.8x 19.7xmedian 11.8x
P/S now vs peer median —median 1.1x 0.9xmedian 1.1x 1.8xmedian 1.1x
EV/EBITDA now vs peer median —median 6.8x 4.7xmedian 6.8x 5.9xmedian 6.8x
P/FCF now vs peer median —median 5.7x -8.8xmedian 5.7x 22.4xmedian 5.7x
P/B now vs peer median 0.0xmedian 1.3x 1.1xmedian 1.3x 5.3xmedian 1.3x
PEG now vs peer median —median 0.24 0.08median 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 monthsTLKBCETIGO
Revenue – $21.97B $7.24B
Gross profit – $18.64B –
Operating income – $6.29B $1.74B
Net income – $4.68B $646.00M
Free cash flow – -$2.14B $590.00M
EPS (diluted) – $5.37 $3.96
Cash & equivalents $54.58T $335.70M $861.00M
Total debt $135.75T $119.67B $26.42B
Shares (diluted) – 929.10M 168.00M
Enterprise value -$129.22T $16.79B $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
MetricTLKBCETIGO
P/E – 3.8x 19.7x
P/FCF – -8.8x 22.4x
P/Operating cash flow – 3.0x 22.4x
P/S – 0.9x 1.8x
P/B 0.0x 1.1x 5.3x
P/Tangible book 0.0x 4.4x -2.1x
EV/EBITDA – 4.7x 5.9x
EV/EBIT – 7.6x 11.5x
EV/Revenue – 2.2x 2.8x
EV/FCF – -22.4x 33.9x
EV/Operating cash flow – 7.6x 33.9x
PEG (3Y EPS CAGR) – 0.08 0.06

Growth

14 metrics
MetricTLKBCETIGO
Revenue growth (1Y) – 2.2% 29.4%
Revenue CAGR (3Y) – 6.2% 9.4%
Gross profit growth (1Y) – -0.8% –
Gross profit CAGR (3Y) – 9.6% –
Operating income growth (1Y) – -7.0% 20.0%
Operating income CAGR (3Y) – 53.8% 28.3%
Net income growth (1Y) – 1,063% -35.3%
Net income CAGR (3Y) – 36.8% 121.4%
EPS growth (1Y) – 1,649% -28.2%
EPS CAGR (3Y) – 44.4% 351.7%
Operating cash flow growth (1Y) – -7.0% -52.2%
Operating cash flow CAGR (3Y) – -6.4% -1.5%
Free cash flow growth (1Y) – -144.0% -52.2%
Free cash flow CAGR (3Y) – -32.6% -1.5%

Profitability

14 metrics
MetricTLKBCETIGO
Gross margin – 84.8% –
EBITDA margin – 46.8% 47.1%
Operating margin – 28.6% 24.0%
Pretax margin – 52.5% 13.3%
Net margin – 22.7% 9.2%
FCF margin – -9.8% 8.2%
Operating cash flow margin – 28.6% 8.2%
Return on equity – 31.0% 22.8%
Return on assets – 9.0% 3.1%
Return on invested capital – 13.4% 16.8%
Return on capital employed – 12.5% 11.2%
Asset turnover – 0.4x 0.3x
Cash conversion (OCF / net income) – 1.3x 0.9x
Stock comp / revenue – – 0.1%

Financial Health

11 metrics
MetricTLKBCETIGO
Debt / assets 18.8% 51.5% 37.0%
Debt / equity 0.4x 1.8x 3.1x
Net debt / EBITDA – 2.8x 2.0x
Debt / FCF – -13.7x 13.0x
Liabilities / assets 55.5% 70.6% 87.9%
Equity / assets 44.5% 29.4% 12.1%
Interest coverage – 6.7x 1.9x
Current ratio 0.8x 0.7x 0.5x
Quick ratio 0.6x 0.5x 0.3x
Cash ratio 0.6x 0.0x 0.2x
Altman Z-score – 0.95 1.06

Shareholder Returns

7 metrics
MetricTLKBCETIGO
Dividend yield 10.0% 8.1% 4.5%
Net buyback yield – -0.5% –
Shareholder yield 10.0% 7.6% 4.5%
Payout ratio (earnings) – 41.1% –
Payout ratio (FCF) – -89.7% –
Dividend growth (1Y) – 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.

ConsensusTLKBCETIGO
Forward P/E 11.2xFY2026 11.3xFY2026 20.6xFY2026
EPS, next fiscal year $1.09FY2026 $1.80FY2026 $3.80FY2026
EPS growth, next FY +9.0%FY2026 -11.8%FY2026 -51.5%FY2026
EPS growth, the year after +9.2% -2.2% +65.5%
Revenue, next fiscal year $8.21BFY2026 $18.56BFY2026 $9.17BFY2026
Revenue growth, next FY +0.3%FY2026 +4.2%FY2026 +57.6%FY2026
Revenue growth, the year after +11.7% +0.8% -4.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTLKBCETIGO
Held by institutions 6.3% 48.1% 46.2%
Institutions holding 209 394 437
Change in shares held, QoQ +7.8% +5.3% +7.3%
Institutions buying 101 184 283
Institutions selling 76 130 127
Buyers to sellers 1.33 1.42 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.

TLKBCETIGO
TLK 1.00 0.14 0.16
BCE 0.14 1.00 0.15
TIGO 0.16 0.15 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TLK, BCE and TIGO?

Bce (BCE) is the largest by market capitalisation: Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk (TLK) $11.63B, Bce (BCE) $18.67B, Millicom International Cellular (TIGO) $13.37B.

Which stock is cheaper, TLK, BCE and TIGO?

Bce (BCE) trades on the lowest price-to-earnings ratio (Bce (BCE) 3.7x, Millicom International Cellular (TIGO) 20.1x). On next year's consensus earnings, Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk (TLK) is cheapest (Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk (TLK) 11.2x, Bce (BCE) 11.3x, Millicom International Cellular (TIGO) 20.6x). 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: Bce (BCE) +2.2%, Millicom International Cellular (TIGO) +29.4%.

Which company is more profitable?

Bce (BCE) has the highest net margin (Bce (BCE) 22.7%, Millicom International Cellular (TIGO) 9.2%). On return on invested capital, Millicom International Cellular (TIGO) leads (Bce (BCE) 13.4%, Millicom International Cellular (TIGO) 16.8%).

Which stock has performed better?

Over the past year Millicom International Cellular (TIGO) returned the most: Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk (TLK) -39.0%, Bce (BCE) -14.9%, Millicom International Cellular (TIGO) +65.3%. Over five years, Millicom International Cellular (TIGO) compounded fastest (Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk (TLK) -14.3%/yr, Bce (BCE) -16.9%/yr, Millicom International Cellular (TIGO) +16.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk (TLK) 0.00%, Bce (BCE) 0.10%, Millicom International Cellular (TIGO) 0.00%. Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk (TLK) and Millicom International Cellular (TIGO) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Bce (BCE) has been the steadiest (Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk (TLK) 38.3%, Bce (BCE) 22.0%, Millicom International Cellular (TIGO) 42.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TLK, BCE 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, Bce (BCE) leads on 5. 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.