Question 1

What is AT&T's P/E ratio?

Accepted Answer

AT&T (T) P/E ratio is 7.5× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for AT&T?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For AT&T specifically, the relevant sector benchmark is the current sector median of 24.9×.

Question 5

Is AT&T's P/E ratio high or low?

Accepted Answer

AT&T's P/E ratio of 7.5× is below its own 5-year average of 18.3× and below the sector median of 24.9×. That places the current reading at the 20th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is AT&T's historical P/E ratio range?

Accepted Answer

In the available daily series, AT&T (T) P/E ratio has ranged from a low of 4.7× in 2003 to a high of 133.9× in 2022. The 5-year average is 18.3× and the 5-year median is 9.2×.

Question 7

What was AT&T's P/E ratio in 2025?

Accepted Answer

AT&T (T) P/E ratio at the end of 2025 was 8.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does AT&T's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$178.08B	$21.89B	8.1×	-6.8×	Dec 31, 2025
2024	$163.96B	$10.95B	15.0×	+6.6×	Dec 31, 2024
2023	$120.65B	$14.40B	8.4×	—	Dec 31, 2023
2022	$131.76B	−$8.52B	—	—	Dec 31, 2022
2021	$133.18B	$20.08B	6.6×	—	Dec 31, 2021
2020	$155.23B	−$5.18B	—	—	Dec 31, 2020
2019	$215.70B	$13.90B	15.5×	+7.4×	Dec 31, 2019
2018	$157.16B	$19.37B	8.1×	+2.0×	Dec 31, 2018
2017	$180.88B	$29.45B	6.1×	-9.1×	Dec 31, 2017
2016	$197.77B	$12.98B	15.2×	+3.2×	Dec 31, 2016
2015	$160.11B	$13.35B	12.0×	-8.7×	Dec 31, 2015
2014	$131.77B	$6.35B	20.7×	+13.1×	Dec 31, 2014
2013	$139.79B	$18.25B	7.7×	-12.2×	Dec 31, 2013
2012	$144.02B	$7.26B	19.8×	-14.5×	Dec 31, 2012
2011	$135.39B	$3.94B	34.3×	+27.7×	Dec 31, 2011
2010	$131.19B	$19.80B	6.6×	-3.3×	Dec 31, 2010
2009	$124.87B	$12.54B	10.0×	+0.1×	Dec 31, 2009
2008	$126.76B	$12.87B	9.9×	-6.0×	Dec 31, 2008
2007	$189.85B	$11.95B	15.9×	+1.6×	Dec 31, 2007
2006	$104.90B	$7.36B	14.3×	+0.5×	Dec 31, 2006
2005	$66.01B	$4.79B	13.8×	+2.9×	Dec 31, 2005
2004	$64.32B	$5.89B	10.9×	+3.3×	Dec 31, 2004
2003	$65.12B	$8.50B	7.7×	-4.8×	Dec 31, 2003
2002	$67.89B	$5.44B	12.5×	-1.2×	Dec 31, 2002
2001	$99.32B	$7.24B	13.7×	—	Dec 31, 2001


Live Nation Entertainment (LYV)	423.6×
Omnicom Group (OMC)	244.9×
DoorDash (DASH)	70.7×
Roku (ROKU)	69.3×
TKO Group Holdings (TKO)	68.9×
Electronic Arts (EA)	57.5×
Telephone and Data Systems (TDS)	36.5×
Reddit (RDDT)	36.4×
Pinterest (PINS)	34.9×
Nebius Group (NBIS)	32.0×
Spotify (SPOT)	31.5×
Netflix (NFLX)	30.4×
Trade Desk (TTD)	24.9×
T-Mobile US (TMUS)	21.9×
Alphabet (GOOGL)	21.7×
Meta (META)	20.5×
Walt Disney (DIS)	14.5×
Fox (FOXA)	14.5×
News (NWSA)	13.1×
Verizon (VZ)	12.2×
Match Group (MTCH)	11.2×
John Wiley & Sons (WLY)	10.6×
Comcast (CMCSA)	5.5×
Charter Communications (CHTR)	5.5×

P/E Ratio for AT&T (T)

P/E Ratio daily chart for AT&T (T)

Historical P/E Ratio for AT&T (T) from 2001 to 2025

About P/E Ratio at AT&T (T)

AT&T P/E Ratio by Year

AT&T P/E Ratio 2025: 8.1×

AT&T P/E Ratio 2024: 15.0×

AT&T P/E Ratio 2023: 8.4×

AT&T P/E Ratio 2021: 6.6×

AT&T P/E Ratio 2019: 15.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

AT&T (T) Key Financials

P/E Ratio daily chart for AT&T (T)

Historical P/E Ratio for AT&T (T) from 2001 to 2025

About P/E Ratio at AT&T (T)

AT&T P/E Ratio by Year

AT&T P/E Ratio 2025: 8.1×

AT&T P/E Ratio 2024: 15.0×

AT&T P/E Ratio 2023: 8.4×

AT&T P/E Ratio 2021: 6.6×

AT&T P/E Ratio 2019: 15.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is AT&T's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for AT&T?

+Is AT&T's P/E ratio high or low?

+What is AT&T's historical P/E ratio range?

+What was AT&T's P/E ratio in 2025?

+Why does AT&T's P/E ratio change over time?

AT&T (T) Key Financials