AT&T Inc.
T Communication Services Telecom Services
AT&T Inc.’s revenue for fiscal 2025 (year ended December 2025) was $125.6 billion, up 2.71% from fiscal 2024. In the quarter to June 2026, revenue grew 2.30%, EPS grew 6.45%, free cash flow grew 4.83% and total debt rose 8.80%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, operating cash flow growth for three.
Follow T
AT&T Inc. (T) P/B ratio
As of 16 October 2026, AT&T Inc. (T) trades at a P/B ratio of 1.3×. Over the past ten years it has ranged from 0.7× (December 2021) to 1.8× (September 2025); the current reading is higher than 61% of that period. That is in line with the Telecom Services industry median of 1.4× and in line with the Communication Services sector median of 1.3×.
P/B ratio, daily
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Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 1.4× | 1.55% |
| FY2024 | 1.4× | 31.43% |
| FY2023 | 1.1× | (16.39%) |
| FY2022 | 1.3× | 74.14% |
| FY2021 | 0.7× | (16.48%) |
| FY2020 | 0.9× | (18.94%) |
| FY2019 | 1.1× | 41.95% |
| FY2018 | 0.8× | (40.35%) |
| FY2017 | 1.3× | (21.74%) |
| FY2016 | 1.6× | 36.49% |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 1.1× | (29.86%) |
| Mar 2026 | 1.6× | 15.03% |
| Dec 2025 | 1.4× | (11.70%) |
| Sep 2025 | 1.6× | (7.23%) |
| 42 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| VOD Vodafone Group PLC compare | n/m |
| ORANY Orange compare | n/m |
| CMCSA Comcast Corporation compare | 0.9× |
| T AT&T Inc. | 1.3× |
| ECHO EchoStar Corporation compare | 1.7× |
| VZ Verizon Communications Inc. compare | 1.8× |
| AMX America Movil, S.A.B. de C.V. Unsponsored ADR compare | 2.9× |
| CHT Chunghwa Telecom Co., Ltd. compare | 3.1× |
| TMUS T-Mobile US, Inc. compare | 3.1× |
| Telecom Services industry median | 1.4× |
| Communication Services sector median | 1.3× |
| 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))
More on T
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement