Millicom International Cellular SA
NASDAQ: TIGO · COMMUNICATION SERVICES · TELECOM SERVICES
Updated 2026-04-29
Millicom International Cellular SA (TIGO) Stock Valuation Analysis
Fair value estimate, historical valuation range, and quality signals for TIGO.
Valued
Fundamentals support the current valuation. Strong combination of growth, quality, and price.
TIGO historical valuation range
Where current P/E sits in TIGO's own 5Y range.
TIGO intrinsic value (DCF)
DCF-based fair value estimate vs current market price.
Intrinsic value calculated using discounted cash flow (DCF) model based on projected free cash flows, discount rate, and terminal growth assumptions. A positive margin of safety indicates the current price is below estimated fair value, providing a cushion against estimation error.
TIGO valuation signals
Quick-read green flags, caution flags, and risks based on current metrics.
P/E Ratio — History
Current: 10.50x
P/S Ratio — History
Current: 2.37x
Is TIGO overvalued in 2026?
Millicom International Cellular SA (TIGO) currently trades at $82.22 per share with a market capitalization of $13,775,258,000.00. Based on our multi-factor framework, the stock looks attractively valued with a Smart Value Score of 76/100. This score blends growth quality, financial health, and price attractiveness into a single institutional-grade read.
The stock trades at a P/E ratio of 10.5x, below its 5-year median of 10.6x. The PEG ratio of 1.08 points to a price that reasonably reflects expected earnings growth.
Looking at its own history, TIGO is currently trading cheaper than 53% of the last 5Y on P/E. This places it in the 47th percentile of its historical range, a reasonable but unremarkable position.
Our discounted cash flow model estimates TIGO's intrinsic value at $65.03 per share, against the current market price of $82.22. This implies a margin of safety of +0.71%. The stock is priced close to its estimated fair value, offering limited upside without further operational improvement.
The Piotroski F-Score of 5/9 puts financial quality in a middling range, neither a standout strength nor an obvious red flag.
Bottom line: TIGO looks attractively valued on our framework, with a Smart Value Score of 76/100. The combination of reasonable price, healthy growth, and quality fundamentals makes it worth serious consideration.
Frequently asked questions
Is TIGO overvalued in 2026?
Based on a Smart Value Score of 76/100, TIGO is not overvalued. Fundamentals support the current price and offer reasonable margin of safety.
What is TIGO's fair value?
Our DCF model estimates TIGO's intrinsic value at $65.03 per share, versus the current price of $82.22. This produces a margin of safety of +0.71%.
What P/E ratio does TIGO trade at?
TIGO trades at a P/E of 10.5x on trailing twelve-month earnings, compared to its 5-year median of 10.6x.
Is TIGO a buy based on valuation?
WallStSmart does not issue buy or sell recommendations. Our Smart Value Score of 76/100 reflects the combined read on growth, quality, and price. The profile skews favorable for long-term accumulation.
How does TIGO's valuation compare to its history?
On P/E, TIGO currently sits in the 47th percentile of its own 5Y range. That is below its long-run median relative to where it has traded over the period.
What is TIGO's Smart Value Score?
TIGO's Smart Value Score is 76/100. The Smart Value Score is a proprietary WallStSmart metric blending growth quality, financial health, and valuation attractiveness into a single 0-100 read. Scores above 75 are rare and indicate strong multi-factor alignment.