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Fair Value for AT&T (T)

See growth priced into AT&T (T): reverse DCF, implied rate vs history and analysts, FCF view. Free intrinsic value calculator for education.

Fair value (multi-method)

Four independent methods triangulate what T is worth. The headline is the Forward-DCF intrinsic value at a normalized growth rate; the margin of safety compares it to the current price.

Estimated fair value (Forward DCF)

$115.06

Margin of safety
+79.98% vs current price $23.04

Method range

$16.47 $115.06

median $23.17

Methods disagree

Valuation methods

Each method’s implied fair value per share and its upside versus the current price. Missing methods (no analyst coverage, negative earnings, etc.) are shown as “—”.

  • Forward DCF$115.06
  • Exit multiple$18.56
  • Analyst target$27.79
  • Graham number$16.47

Stock price

$23.04

FCF / share (TTM)

$0.74

3Y FCF CAGR

-5.5%

Fair value @ hist. growth

$9.28

This analysis is for informational purposes only and is not financial advice. Scenario prices and DCF-style figures depend on your assumptions and data from public filings and estimates. They are not forecasts of future returns.

Implied FCF growth

5.7%

per year over your projection horizon

Premium vs DCF

Margin of safety -148.2% vs hist-growth DCF

Historical 3Y CAGR

-5.5%

Your model implies

5.7%

Analyst consensus is EPS-only — no comparable FCF / share estimate to show on this basis.

Model inputs

Move sliders to test how the reverse DCF reacts. Historical-growth markers show where the company has actually grown over the last cycle.

Discount rate (cost of equity proxy)6.8%
Terminal growth2.50%
Projection years10 yr
FCF growth per year (supplemental projection)-5%
3Y CAGR -5%

Undiscounted FCF per share over 10 years at -5% annual growth.

Sensitivity — implied growth vs your assumptions

Each cell shows the per-share growth rate the market would need to justify the current price at that combination of discount rate (rows) and terminal growth (columns). Your selected inputs are highlighted.

Row axis: discount rate. Column axis: terminal growth.Terminal g →↓ Discount1.5%2.0%2.5%3.0%3.5%
5.0%2.3%1.0%-0.6%-2.6%-5.1%
5.8%4.8%3.7%2.4%1.0%-0.8%
6.8%7.6%6.7%5.7%4.6%3.3%
7.8%10.0%9.3%8.5%7.6%6.6%
8.8%12.3%11.7%11.0%10.2%9.4%
Color≤ historical CAGRModerate premiumHigh premium (≥ 15pp above hist)Your inputs

Historical multiples

Each bar is the trailing five-year range (low left, high right). Filled portion runs from low to today; the dot marks today; the small tick marks the five-year median. Low, median, and high are listed under each bar.

P/EToday8.2
5Y low6.7
Median8.5
5Y high15.5
P/SToday1.4· at high
5Y low1.0
Median1.1
5Y high1.4
EV/EBITDAToday6.1
5Y low5.8
Median6.1
5Y high13.4

PEG

0.35

Low vs growth

Net debt

$156B

Total debt − cash

Beta

0.42

Vs market benchmark

Frequently asked questions