Millicom International Cellular (TIGO) EV to EBITDA (2019 - 2026)
Millicom International Cellular's (TIGO) EV to EBITDA came in at 3.66 for Q3 2026, up 50.6% from 2.43 a year earlier but down 14.2% from the prior quarter.
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Analysis
Millicom International Cellular (TIGO) EV to EBITDA (2019 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EV to EBITDA at Millicom International Cellular was 2.71, up 79.6% year-over-year; for FY2025, it was 2.47, up 106.6% from FY2024.
- Annual EV to EBITDA has increased for three consecutive years.
- In prior years, Millicom International Cellular's EV to EBITDA was 1.19 in FY2024 (+39.3%), 0.86 in FY2023 (+94.6%), 0.44 in FY2022 (-62.9%) and 1.19 in FY2021 (-40.3%).
- Quarterly EV to EBITDA has run from a low of 0.14 in Q3 2022 to a high of 4.26 in Q2 2026 over five years.
- On a year-over-year basis, EV to EBITDA has increased in each of the last 15 quarters, with growth averaging 69.5% over the last eight quarters.
- The strongest year-over-year quarter for EV to EBITDA in the past five years was Q3 2023, with growth of 501.8%; the weakest was Q3 2022, with a decline of 90.4%.
- According to Business Quant data, EV to EBITDA for the three prior quarters was 4.26 (Q2 2026), 3.74 (Q1 2026) and 2.68 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Verizon Communications | 192.19 Bn | 159.83 Bn | 27.05 Bn |
| 2 | T-Mobile US | 180.63 Bn | 163.07 Bn | 15.13 Bn |
| 3 | At&T | 149.48 Bn | 106.93 Bn | 26.22 Bn |
| 4 | Grupo Televisa, S.A.B | 138.76 Bn | 131.89 Bn | 960.50 Mn |
| 5 | Comcast | 89.06 Bn | 55.02 Bn | - |
| 6 | Chunghwa Telecom | 38.69 Bn | 31.18 Bn | 728.80 Mn |
| 7 | Vodafone Group Public | 37.39 Bn | 5.63 Bn | - |
| 8 | EchoStar | 29.07 Bn | 10.15 Bn | 647.20 Mn |
| 9 | Bce | 19.98 Bn | 18.22 Bn | 11.61 Bn |
| 10 | Millicom International Cellular | 13.41 Bn | 9.01 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.66 |
| Jun 30, 2026 | 4.26 |
| Mar 31, 2026 | 3.74 |
| Dec 31, 2025 | 2.68 |
| Sep 30, 2025 | 2.43 |
| Jun 30, 2025 | 1.94 |
| Mar 31, 2025 | 1.76 |
| Dec 31, 2024 | 1.38 |
| Sep 30, 2024 | 1.53 |
| Jun 30, 2024 | 1.38 |
| Mar 31, 2024 | 1.20 |
| Dec 31, 2023 | 1.03 |
| Sep 30, 2023 | 0.86 |
| Jun 30, 2023 | 0.89 |
| Mar 31, 2023 | 1.07 |
| Dec 31, 2022 | 0.51 |
| Sep 30, 2022 | 0.14 |
| Jun 30, 2022 | 0.35 |
| Mar 31, 2022 | 1.02 |
| Dec 31, 2021 | 1.19 |
API Access
Millicom International Cellular EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=TIGO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "TIGO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=TIGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();