Question 1

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

Accepted Answer

AT&T (T) P/S ratio is 1.3× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

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

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For AT&T specifically, the relevant sector benchmark is the current sector median of 2.3×.

Question 5

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

Accepted Answer

AT&T's P/S ratio of 1.3× is above its own 5-year average of 1.2× and below the sector median of 2.3×. That places the current reading at the 65th 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/S ratio range?

Accepted Answer

In the available daily series, AT&T (T) P/S ratio has ranged from a low of 0.8× in 2021 to a high of 2.4× in 2007. The 5-year average is 1.2× and the 5-year median is 1.1×.

Question 7

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

Accepted Answer

AT&T (T) P/S ratio at the end of 2025 was 1.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$125.65B	1.4×	+0.1×	Dec 31, 2025
2024	$163.96B	$122.34B	1.3×	+0.4×	Dec 31, 2024
2023	$120.65B	$122.43B	1.0×	-0.1×	Dec 31, 2023
2022	$131.76B	$120.74B	1.1×	+0.2×	Dec 31, 2022
2021	$133.18B	$142.10B	0.9×	+0.0×	Dec 31, 2021
2020	$155.23B	$171.76B	0.9×	-0.3×	Dec 31, 2020
2019	$215.70B	$181.19B	1.2×	+0.3×	Dec 31, 2019
2018	$157.16B	$170.76B	0.9×	-0.2×	Dec 31, 2018
2017	$180.88B	$160.55B	1.1×	-0.1×	Dec 31, 2017
2016	$197.77B	$163.79B	1.2×	+0.1×	Dec 31, 2016
2015	$160.11B	$146.80B	1.1×	+0.1×	Dec 31, 2015
2014	$131.77B	$132.45B	1.0×	-0.1×	Dec 31, 2014
2013	$139.79B	$128.75B	1.1×	-0.0×	Dec 31, 2013
2012	$144.02B	$127.43B	1.1×	+0.1×	Dec 31, 2012
2011	$135.39B	$126.72B	1.1×	+0.0×	Dec 31, 2011
2010	$131.19B	$124.28B	1.1×	+0.0×	Dec 31, 2010
2009	$124.87B	$122.78B	1.0×	-0.0×	Dec 31, 2009
2008	$126.76B	$124.03B	1.0×	-0.6×	Dec 31, 2008
2007	$189.85B	$118.93B	1.6×	-0.1×	Dec 31, 2007
2006	$104.90B	$63.05B	1.7×	+0.2×	Dec 31, 2006
2005	$66.01B	$43.84B	1.5×	-0.1×	Dec 31, 2005
2004	$64.32B	$40.79B	1.6×	-0.0×	Dec 31, 2004
2003	$65.12B	$40.83B	1.6×	+0.0×	Dec 31, 2003
2002	$67.89B	$43.14B	1.6×	-0.6×	Dec 31, 2002
2001	$99.32B	$45.91B	2.2×	—	Dec 31, 2001


Alphabet (GOOGL)	8.2×
Electronic Arts (EA)	6.8×
Meta (META)	6.7×
Take-Two Interactive Software (TTWO)	5.5×
Spotify (SPOT)	4.9×
DoorDash (DASH)	4.4×
Trade Desk (TTD)	3.6×
TKO Group Holdings (TKO)	3.1×
Roku (ROKU)	2.8×
Pinterest (PINS)	2.7×
T-Mobile US (TMUS)	2.6×
Telephone and Data Systems (TDS)	2.3×
Match Group (MTCH)	2.1×
Warner Bros. Discovery (WBD)	1.8×
Walt Disney (DIS)	1.7×
News (NWSA)	1.5×
Fox (FOXA)	1.5×
Verizon (VZ)	1.5×
Live Nation Entertainment (LYV)	1.4×
Snap (SNAP)	1.3×
John Wiley & Sons (WLY)	1.0×
Comcast (CMCSA)	0.8×
Omnicom Group (OMC)	0.8×
Charter Communications (CHTR)	0.5×
Paramount Skydance (PSKY)	0.2×

P/S Ratio for AT&T (T)

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

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

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

AT&T P/S Ratio by Year

AT&T P/S Ratio 2025: 1.4×

AT&T P/S Ratio 2024: 1.3×

AT&T P/S Ratio 2023: 1.0×

AT&T P/S Ratio 2022: 1.1×

AT&T P/S Ratio 2021: 0.9×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

AT&T (T) Key Financials

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

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

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

AT&T P/S Ratio by Year

AT&T P/S Ratio 2025: 1.4×

AT&T P/S Ratio 2024: 1.3×

AT&T P/S Ratio 2023: 1.0×

AT&T P/S Ratio 2022: 1.1×

AT&T P/S Ratio 2021: 0.9×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

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

+How is the P/S ratio calculated?

+What is the P/S ratio?

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

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

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

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

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

AT&T (T) Key Financials