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Stock Comparison · Industry comparison · Telecom Services

Telia Company AB (publ) vs Millicom International Cellular: Which Stock Looks Stronger in 2026?

Millicom International Cellular holds the cleaner structural position, with valuation as the main driver and stability adding further support. Telia Company AB (publ) still leads on growth and stability, which keeps the comparison from looking entirely one-sided. The market setup is broadly comparable for both — no clear directional signal from price behavior. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (TELIA.ST: STOXX 600, TIGO: Russell 1000).

Updated 2026-08-16

The lead is spread across valuation and profitability, rather than sitting in one isolated gap.

INDUSTRY COMPARISON

Both operate in: Telecom Services

This comparison is based on industry proximity, not on functional trajectory similarity. TELIA.ST and TIGO share the same industry classification.

For a similarity-based comparison, see how Telia Company AB (publ) and TIGO each position within their functional peer groups in AssetNext.

Peer-Relative Score
TELIA.ST
Telia Company AB (publ)
55
Peer-Score
Signal qualityHigh
Peer basis: STOXX 600
vs
TIGO
Millicom International Cellular S.A.
62
Peer-Score
Signal qualityMedium
Peer basis: Russell 1000

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: TELIA.ST vs TIGO Profitability 55 76 Stability 65 40 Valuation 38 71 Growth 68 50 TELIA.ST TIGO
Gap Ranking
#1 Valuation +33
#2 Stability +25
#3 Profitability +21
#4 Growth +18
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for TELIA.ST and TIGO Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer TELIA.STTIGO Relative valuation Structural strength

Structure stays fairly close here, while current pricing still looks more supportive for Millicom International Cellular S.A..

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where TELIA.ST and TIGO each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY TELIA.ST Elevated · above norm 0th 50th 100th 7 pct gap TIGO Elevated · below norm 0th 50th 100th 91st 98th
TELIA.ST (91st percentile) and TIGO (98th percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
Millicom International Cellular S.A. ranks near the top of the group on valuation; Telia Company AB (publ) sits in the weaker half.
Stability
On stability, the edge is clear — both rank well, but Telia Company AB (publ) sits noticeably higher.
Valuation — Dominant Gap
TELIA.ST
38
TIGO
71
Gap+33in favour of TIGO

The multiple-based pricing edge comes from a forward P/E that is 10.5 turns lower.

What keeps the gap from being one-sided

Stability still tilts materially toward Telia Company AB (publ), which stops the result from looking dominant across the whole profile.

What this means for the comparison

The valuation lead is clear, but pricing and stability still pull in the other direction — the result holds, but not without friction.

Explore full peer positioning in AssetNext

Break down the TELIA.ST vs TIGO comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how TELIA.ST and TIGO each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.