P/E ratio for Millicom (TIGO)
P/E ratio as of June 2024 (TTM): 113
According to Millicom's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 112.773. At the end of 2022 the company had a P/E ratio of 8.59.
P/E ratio history for Millicom from 2018 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.59 | 39.65% |
| 2021 | 6.15 | -142.35% |
| 2020 | -14.5 | -134.76% |
| 2019 | 41.8 | -104.89% |
| 2018 | -854 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Spok Holdings
SPOK | 8.09 | -92.82% | 🇺🇸 USA |
 Shentel SHEN | < -1000 | -1,717.41% | 🇺🇸 USA |
 SK Telecom SKM | 10.5 | -90.71% | 🇰🇷 S. Korea |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.