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Friday 6 November 2026 Export AMT’s income statement to Excel — free account

American Tower Corporation

AMT Real Estate Reit Specialty

American Tower Corporation’s revenue for fiscal 2025 (year ended December 2025) was $10.6 billion, up 5.11% from fiscal 2024.

Revenue
+2.50%
EPS
−7.80%
Free cash flow
+0.09%
Total debt
+0.91%

Quarter to September 2026, against a year earlier

193.46 0.53 −0.27%
Market cap
$90.0B
P/E
27.1×
Fwd P/E
27.0×
Dividend yield
3.65%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

American Tower Corporation (AMT) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, American Tower Corporation (AMT) trades at a P/B ratio of 9.2×. Over the past ten years it has ranged from 5.0× (September 2015) to 29.6× (July 2020); the current reading is higher than 55% of that period. That is above the Reit Specialty industry median of 2.0× and above the Real Estate sector median of 1.0×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 7.9× (10.63%)
FY2024 8.9× (5.42%)
FY2023 9.4× 17.55%
FY2022 8.0× (45.17%)
FY2021 14.6× (33.20%)
FY2020 21.8× 17.73%
FY2019 18.5× 57.07%
FY2018 11.8× 33.19%
FY2017 8.9× 36.81%
FY2016 6.5× 6.93%

Quarterly newest first

Period P/B ratio Change
Sep 2026 7.8× 4.92%
Jun 2026 7.4× (6.20%)
Mar 2026 7.9× (0.10%)
Dec 2025 7.9× (5.16%)
43 more quarters

Against its own ten years

Low 5.0× High 29.6×
Ten-year median 8.9×
Current reading's percentile 53

P/B ratio against peers

Company P/B ratio
IRM Iron Mountain Incorporated compare n/m
CCI Crown Castle Inc. compare n/m
SBAC SBA Communications Corporation compare n/m
WY Weyerhaeuser Company compare 1.7×
GLPI Gaming and Leisure Properties, Inc. compare 2.1×
DLR Digital Realty Trust, Inc. compare 2.3×
EQIX Equinix, Inc. compare 6.8×
AMT American Tower Corporation 9.2×
LAMR Lamar Advertising Company compare 15.5×
Reit Specialty industry median 2.0×
Real Estate sector median 1.0×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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