# AT&T Inc. (T) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Communication Services / Fixed & Integrated Telecom. Price $21.39, market value $144.1 billion.

## Valuation
- **P/E (trailing): 11.4×** (5-yr avg 8.6×, 3-yr avg 9.8×). AT&T Inc. trades at 11.4× trailing earnings, well above its own five-year average of 8.6×: investors are paying up relative to the company's past. The Communication Services median in the September 2026 study was 21.1×. Forward P/E is 8.2×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.08**. A PEG of 0.08 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.1×**. Each dollar of revenue is priced at 1.1×.
- **Price / book: 1.4×**. The shares trade at 1.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 6.2×**. Enterprise value is 6.2× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 12.4%** (5-yr avg 16.4%). Free cash flow equals 12.4% 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: 8.7%**. The inverse of the P/E: 8.7% of the price is earned each year.

## Profitability
- **Operating margin: 18.3%**. 18.3% 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: 7.4%**. Return on all capital, debt included, is 7.4%.
- **Return on assets: 3.1%**. Each dollar of assets produces 3.1% 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: 2.9×**. It would take 2.9 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 0.91** (quick 0.91). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 5.19%** ($1.11 per share, trailing). AT&T Inc. yields 5.19%, 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.

## Price and momentum
- **Total return (1 yr): -10.3%** (YTD -10.6%, 3-mo -9.1%). The shares are down 10.3% over twelve months including dividends.
- **From 52-week high: -27.3%** (7.5% above the low). Trading 27% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 38**. An RSI of 38 is neutral.
- **Beta (1 yr): -0.40** (volatility 29%). Beta of -0.40 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.