American Tower Corporation (AMT) Valuation
Historical valuation analysis based on 1280 data points (2021-09-13 to 2026-10-16)
American Tower owns and operates about 150,000 wireless towers throughout the US, Asia, Latin America, Europe, and Africa. It also owns and/or operates 30 data centers in 11 US markets through its...
American Tower Corporation (AMT) currently trades at a P/E ratio of 25.38 (historical range: 22.07–143.04, median: 44.89), placing it at the 6th percentile — cheap relative to its history, P/S ratio of 7.89 (range: 6.66–15.55, 19th percentile — cheap relative to its history), EV/EBITDA of 24.21 (range: 22.43–55.47, 7th percentile).
Over the historical period (2021-09-13 to 2026-10-16), American Tower Corporation's P/E ratio has contracted by 25% over the observed period (from an average of 65.2 to 49.0).
American Tower Corporation trades well below its historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 25.38 | 44.89 | 6th | cheap relative to its history |
| P/S Ratio | 7.89 | 8.82 | 19th | cheap relative to its history |
| EV/EBITDA | 24.21 | 42.34 | 7th | cheap relative to its history |
| FCF Yield | 4.59% | 3.47% | 92th | cheap relative to its history |
American Tower Corporation (AMT) Valuation & P/E History
American Tower Corporation (AMT) is a US-listed stock operating in the Real Estate sector, specifically the Real Estate Investment Trusts industry currently trading at $185.00 with a market capitalization of $86.2 billion. This page provides historical valuation analysis for AMT based on 1280 data points covering 2021-09-13 to 2026-10-16. The P/E ratio of 25.38 is below the historical median of 44.89, placing AMT at the 6th percentile of its valuation range. The P/S ratio of 7.89 compares to a median of 8.82.
AMT Valuation Metrics & Historical Range
The valuation table above shows American Tower Corporation's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether AMT is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests AMT is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for American Tower Corporation.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is AMT Overvalued or Undervalued?
American Tower Corporation trades well below its historical valuation range across most metrics. The overall valuation percentile of 11 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive AMT is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full AMT analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.AMT trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.