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.

23.44 0.06 −0.26%
Market cap
$161.0B
P/E
7.8×
Fwd P/E
10.0×
Dividend yield
4.74%
F-score
7/9
Altman Z
0.89
Beneish M
−2.76
Dividend safety
64/100

AT&T Inc. (T) P/B ratio

Alert me on 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

Against its own ten years

Low 0.7× High 1.8×
Ten-year median 1.1×
Current reading's percentile 64

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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