AT&T Inc. (T) Valuation
Historical valuation analysis based on 1281 data points (2021-09-10 to 2026-10-16)
The wireless business contributes nearly 70% of AT&T's revenue. The company is the third-largest US wireless carrier, connecting 74 million postpaid and 17 million prepaid phone customers. Fixed-li...
AT&T Inc. (T) currently trades at a P/E ratio of 7.45 (historical range: 5.54–34.09, median: 9.02), placing it at the 18th percentile — cheap relative to its history, P/S ratio of 1.26 (range: 0.66–2.53, 46th percentile — near its historical average), EV/EBITDA of 12.06 (range: 10.38–68.13, 32th percentile).
Over the historical period (2021-09-10 to 2026-10-16), AT&T Inc.'s P/E ratio has expanded by 76% over the observed period (from an average of 7.5 to 13.2).
AT&T Inc. trades below its historical valuation range, with most metrics below their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 7.45 | 9.02 | 18th | cheap relative to its history |
| P/S Ratio | 1.26 | 1.30 | 46th | near its historical average |
| EV/EBITDA | 12.06 | 13.44 | 32th | below its historical average |
| FCF Yield | 10.97% | 11.99% | 40th | above its historical average |
AT&T Inc. (T) Valuation & P/E History
AT&T Inc. (T) is a US-listed stock operating in the Communication Services sector, specifically the Telephone Communications (No Radiotelephone) industry currently trading at $23.43 with a market capitalization of $160.6 billion. This page provides historical valuation analysis for T based on 1281 data points covering 2021-09-10 to 2026-10-16. The P/E ratio of 7.45 is below the historical median of 9.02, placing T at the 18th percentile of its valuation range. The P/S ratio of 1.26 compares to a median of 1.30.
T Valuation Metrics & Historical Range
The valuation table above shows AT&T Inc.'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 T 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 T 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 AT&T Inc..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is T Overvalued or Undervalued?
AT&T Inc. trades below its historical valuation range, with most metrics below their median levels. The overall valuation percentile of 32 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive T 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 T analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.T trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.