American Tower Corporation AMT

169.03 1.77 1.06% as of 25 Sep
Market cap
$78.0B
P/E
23.2×
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American Tower Corporation (AMT) P/B ratio

As of 25 September 2026, American Tower Corporation (AMT) trades at a P/B ratio of 7.7×. Over the past ten years it has ranged from 5.0× (September 2015) to 29.6× (July 2020); the current reading is higher than 27% of that period. That is above the Reit Specialty industry median of 2.2× and above the Real Estate sector median of 1.1×.

P/B ratio, daily

Annual

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

Period P/B ratio Change
Jun 2026 7.4× (6.20%)
Mar 2026 7.9× (0.10%)
Dec 2025 7.9× (5.16%)
Sep 2025 8.4× (15.29%)
42 more quarters

Against its own ten years

Low 5.0× High 29.6×
Ten-year median 8.9×
Current reading's percentile 27

P/B ratio against peers

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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