Millicom
TIGO
#3004
Rank
$4.12 B
Marketcap
$24.07
Share price
0.50%
Change (1 day)
32.76%
Change (1 year)

P/E ratio for Millicom (TIGO)

P/E ratio as of May 2024 (TTM): 109

According to Millicom's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 109.409. 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
20228.5939.65%
20216.15-142.35%
2020-14.5-134.76%
201941.8-104.89%
2018-854

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
8.64-92.11%๐Ÿ‡บ๐Ÿ‡ธ USA
< -1000-1,731.49%๐Ÿ‡บ๐Ÿ‡ธ USA
10.5-90.40%๐Ÿ‡ฐ๐Ÿ‡ท 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.