Millicom International Cellular (TIGO) Price to Book (2019 - 2026)
Millicom International Cellular's Price to Book came in at 6.46 for Q3 2026, up 156.2% from 2.52 a year earlier and up 5.1% from the prior quarter.
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Analysis
Millicom International Cellular (TIGO) Price to Book (2019 - 2026) Analysis & Trends
For FY2025, Millicom International Cellular's Price to Book was 2.57, up 117.0% from FY2024.
- Price to Book has increased in each of the last three years.
- Going back by year, Price to Book was 1.19 in FY2024 (+35.2%), 0.88 in FY2023 (+45.6%), 0.60 in FY2022 (-46.2%) and 1.12 in FY2021 (-41.5%).
- The Q3 2026 figure represents the highest quarterly Price to Book since Q1 2022.
- Year-over-year, Price to Book has increased for 14 consecutive quarters, with growth averaging 114.3% over the last eight quarters.
- The fastest year-over-year change in Price to Book over five years came in Q2 2026 (growth of 233.8%), and the weakest in Q1 2023 (a decline of 99.2%).
- Business Quant data shows TIGO's Price to Book at 6.15 (Q2 2026), 4.00 (Q1 2026) and 2.57 (Q4 2025) in the three quarters before Q3 2026.
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 | 6.46 |
| Jun 30, 2026 | 6.15 |
| Mar 31, 2026 | 4.00 |
| Dec 31, 2025 | 2.57 |
| Sep 30, 2025 | 2.52 |
| Jun 30, 2025 | 1.84 |
| Mar 31, 2025 | 1.55 |
| Dec 31, 2024 | 1.19 |
| Sep 30, 2024 | 1.25 |
| Jun 30, 2024 | 1.18 |
| Mar 31, 2024 | 0.99 |
| Dec 31, 2023 | 0.88 |
| Sep 30, 2023 | 0.74 |
| Jun 30, 2023 | 0.73 |
| Mar 31, 2023 | 0.90 |
| Dec 31, 2022 | 0.60 |
| Sep 30, 2022 | 0.32 |
| Jun 30, 2022 | 0.40 |
| Mar 31, 2022 | 111.52 |
| Dec 31, 2021 | 1.12 |
API Access
Millicom International Cellular Price to Book 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=price-to-book&ticker=TIGO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "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=price-to-book&ticker=TIGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();