American Tower Corporation AMT

169.03 1.77 1.06% as of 25 Sep
Market cap
$78.0B
P/E
23.2×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

American Tower Corporation (AMT) EV/EBITDA

As of 25 September 2026, American Tower Corporation (AMT) trades at a EV/EBITDA of 16.2×. Over the past ten years it has ranged from 15.8× (July 2026) to 32.8× (September 2021); the current reading is higher than 1% of that period. That is in line with the Reit Specialty industry median of 16.2× and above the Real Estate sector median of 15.2×.

EV/EBITDA, daily

Annual

Period EV/EBITDA Change
FY2025 17.0× (5.38%)
FY2024 17.9× (19.17%)
FY2023 22.2× 0.46%
FY2022 22.1× (29.73%)
FY2021 31.4× 18.83%
FY2020 26.4× (4.29%)
FY2019 27.6× 24.80%
FY2018 22.1× 3.76%
FY2017 21.3× 15.54%
FY2016 18.5× (6.32%)

Quarterly

Period EV/EBITDA Change
Jun 2026 15.9× (4.93%)
Mar 2026 16.7× (1.62%)
Dec 2025 17.0× (7.23%)
Sep 2025 18.3× (11.14%)
42 more quarters

Against its own ten years

Low 15.8× High 32.8×
Ten-year median 21.3×
Current reading's percentile 1

EV/EBITDA against peers

Company EV/EBITDA
GLPI Gaming and Leisure Properties, Inc. compare 11.4×
WY Weyerhaeuser Company compare 14.3×
AMT American Tower Corporation 16.2×
LAMR Lamar Advertising Company compare 16.7×
CCI Crown Castle Inc. compare 17.2×
SBAC SBA Communications Corporation compare 17.5×
IRM Iron Mountain Incorporated compare 19.8×
EQIX Equinix, Inc. compare 27.3×
DLR Digital Realty Trust, Inc. compare 38.8×
Reit Specialty industry median 16.2×
Real Estate sector median 15.2×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

More on AMT