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/E ratio

As of 25 September 2026, American Tower Corporation (AMT) trades at a P/E ratio of 23.2×. Over the past ten years it has ranged from 22.3× (July 2026) to 142× (December 2023); the current reading is higher than 1% of that period. That is below the Reit Specialty industry median of 26.3× and above the Real Estate sector median of 21.6×.

P/E ratio, daily

Annual

Period P/E ratio Change
FY2025 32.5× (14.54%)
FY2024 38.0× (44.81%)
FY2023 68.8× 23.40%
FY2022 55.8× 8.66%
FY2021 51.3× (12.67%)
FY2020 58.8× 9.17%
FY2019 53.8× (5.41%)
FY2018 56.9× 8.86%
FY2017 52.3× (1.02%)
FY2016 52.8× (22.10%)

Quarterly

Period P/E ratio Change
Jun 2026 22.5× (19.28%)
Mar 2026 27.8× (14.23%)
Dec 2025 32.5× 5.97%
Sep 2025 30.6× (61.76%)
42 more quarters

Against its own ten years

Low 22.3× High 142×
Ten-year median 56.1×
Current reading's percentile 1

P/E ratio against peers

Company P/E ratio
GLPI Gaming and Leisure Properties, Inc. compare 11.4×
SBAC SBA Communications Corporation compare 17.8×
AMT American Tower Corporation 23.2×
LAMR Lamar Advertising Company compare 26.3×
WY Weyerhaeuser Company compare 30.3×
CCI Crown Castle Inc. compare 34.3×
EQIX Equinix, Inc. compare 64.6×
IRM Iron Mountain Incorporated compare 79.6×
DLR Digital Realty Trust, Inc. compare 82.3×
Reit Specialty industry median 26.3×
Real Estate sector median 21.6×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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