Question 1

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

Accepted Answer

AT&T (T) P/E ratio is 7.5× as of July 22, 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 21.9×.

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 21.9×. That places the current reading at the 21th 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	$178B	$21.9B	8.1×	-6.8×	Dec 31, 2025
2024	$164B	$10.9B	15.0×	+6.6×	Dec 31, 2024
2023	$121B	$14.4B	8.4×	—	Dec 31, 2023
2022	$132B	-$8.52B	—	—	Dec 31, 2022
2021	$133B	$20.1B	6.6×	—	Dec 31, 2021
2020	$155B	-$5.18B	—	—	Dec 31, 2020
2019	$216B	$13.9B	15.5×	+7.4×	Dec 31, 2019
2018	$157B	$19.4B	8.1×	+2.0×	Dec 31, 2018
2017	$181B	$29.5B	6.1×	-9.1×	Dec 31, 2017
2016	$198B	$13B	15.2×	+3.2×	Dec 31, 2016
2015	$160B	$13.3B	12.0×	-8.7×	Dec 31, 2015
2014	$132B	$6.35B	20.7×	+13.1×	Dec 31, 2014
2013	$140B	$18.2B	7.7×	-12.2×	Dec 31, 2013
2012	$144B	$7.26B	19.8×	-14.5×	Dec 31, 2012
2011	$135B	$3.94B	34.3×	+27.7×	Dec 31, 2011
2010	$131B	$19.8B	6.6×	-3.3×	Dec 31, 2010
2009	$125B	$12.5B	10.0×	+0.1×	Dec 31, 2009
2008	$127B	$12.9B	9.9×	-6.0×	Dec 31, 2008
2007	$190B	$12B	15.9×	+1.6×	Dec 31, 2007
2006	$105B	$7.36B	14.3×	+0.5×	Dec 31, 2006
2005	$66B	$4.79B	13.8×	+2.9×	Dec 31, 2005
2004	$64.3B	$5.89B	10.9×	+3.3×	Dec 31, 2004
2003	$65.1B	$8.5B	7.7×	-4.8×	Dec 31, 2003
2002	$67.9B	$5.44B	12.5×	—	Dec 31, 2002


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×
Telephone and Data Systems (TDS)	36.5×
Reddit (RDDT)	36.4×
Pinterest (PINS)	34.9×
Spotify (SPOT)	31.5×
T-Mobile US (TMUS)	21.9×
Netflix (NFLX)	21.9×
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)	9.7×
Versant Media Group, Inc. Class A (VSNT)	6.3×
Comcast (CMCSA)	5.5×
Charter Communications (CHTR)	5.5×

P/E Ratio for AT&T (T) 2002-2026

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

Historical P/E Ratio for AT&T (T) from 2002 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