# AT&T Inc. (T) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Communication Services / Diversified Telecommunication Services. Price $25.68, market value $176.0 billion.

## Valuation
- **P/E (trailing): 8.5×** (5-yr avg 8.6×, 3-yr avg 9.8×). AT&T Inc. trades at 8.5× trailing earnings, close to its own five-year average of 8.6×. The Communication Services median in the September 2026 study was 21.1×. Forward P/E is 10.0×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.10**. A PEG of 0.10 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.4×**. Each dollar of revenue is priced at 1.4×.
- **Price / book: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 6.6×**. Enterprise value is 6.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 10.0%** (5-yr avg 16.4%). Free cash flow equals 10.0% of the market value, below its five-year average of 16.4%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 11.8%**. The inverse of the P/E: 11.8% of the price is earned each year.

## Profitability
- **Operating margin: 20.1%**. 20.1% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 17.5%**. 17.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 17.4%**. 17.4% on shareholders' equity is solid.
- **Return on invested capital: 8.0%**. Return on all capital, debt included, is 8.0%.
- **Return on assets: 5.1%**. Each dollar of assets produces 5.1% of profit.

## Growth
- **Revenue growth (1 yr): 2.7%** (3-yr 1.3%/yr, 5-yr -2.6%/yr). Revenue grew 2.7% over the last year, against -2.6% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 104.0%**. Earnings per share rose 104.0%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 6.3%/yr**. Free cash flow has compounded at 6.3% a year over three years.

## Financial health
- **Debt to equity: 1.14**. Debt is 1.14 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 2.7×**. It would take 2.7 years of operating earnings to repay net borrowings, within the comfortable range.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 4.32%** ($1.11 per share, trailing). AT&T Inc. yields 4.32%, an income-level yield.
- **Payout ratio: 37%** (45% of free cash flow). 37% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): -11.8%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Analyst view
- **Analyst consensus: buy** (23 analysts). 23 analysts cover AT&T Inc.; the consensus is buy, with an average price target of $28.71 (+12% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -9.1%** (YTD 7.1%, 3-mo 14.4%). The shares are down 9.1% over twelve months including dividends.
- **From 52-week high: -13.8%** (29.1% above the low). Trading 14% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 60**. An RSI of 60 is neutral.
- **Beta (1 yr): -0.35** (volatility 25%). Beta of -0.35 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=T · Page: https://foliofundamentals.com/stocks/t

Not investment advice.