AT&T (T) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

AT&T

NYSE•Communication Services•Telecom Services

$21.23-0.22(-0.01%)Market open

Market Cap

$146.54B

P/E

11.2x

P/S

1.1x

P/B

1.2x

AT&T Inc. provides telecommunications and technology services worldwide. It operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores. It also provides AT&T Dedicated Internet, fiber ethernet and broadband, fixed wireless, and hosted and managed professional services; and copper-based voice and data, Virtual Private Networks (VPN), wholesale, outsourcing, and IP, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, governmental, and wholesale customers. In addition, this segment offers broadband services, including fiber connections, legacy telephony voice communication services, and other VoIP services and equipment to residential customers. This segment markets its communications services and products under the AT&T, AT&T Business, Cricket, AT&T PREPAID, AT&T Fiber, and AT&T Internet Air brand names. Its Latin America segment provides postpaid and prepaid wireless services in Mexico under the AT&T and Unefon brand names, as well as sells smartphones through its stores, agents and third-party retail stores. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in 2005. AT&T Inc. was incorporated in 1983 and is based in Dallas, Texas.

How this company scores

AverageMetricSide Score: 53/100

Strongest: Cash & Earnings Quality (18/25); weakest: Balance Sheet & Red Flags (10/25).

Profitability14/25

Growth11/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality18/25

Strengths

Strong marginsCash-backed earningsConsistent free cash flowConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.2x5y range 5.5x – 17.5x

Currently near its 16-quarter median.

P/S · 1.1x5y range 0.8x – 1.7x

Currently near its 20-quarter median.

P/B · 1.2x5y range 0.7x – 1.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Leverage Risk

Watch

Debt-to-equity has risen 21.0% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $146.54B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $128.85B
Q. Revenue: $32.32B
TTM EBITDA: $43.62B
TTM Op. Income: $23.58B
Q. Op. Income: $4.09B
TTM Net Income: $13.13B
Q. Net Income: $891.00M
EPS: $0.12
Shares Out.: $6.83B

$128.85B in TTM revenue grew 3.5% YoY, reaching $32.32B last quarter. TTM EBITDA of $43.62B and TTM operating income of $23.58B show growth is flowing through to the bottom line. TTM net income of $13.13B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 28.1%
Op. Margin: 12.7%
Net Margin: 2.8%

Op. margin of 12.7% is down 7.3% YoY — costs are rising relative to revenue. Net margin at 2.8% Over the past year, operating margin is down 36% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 11.2x
P/S Ratio: 1.1x
P/B Ratio: 1.2x

At 11.2x P/E, the stock trades below typical market levels. P/S of 1.1x and P/B of 1.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 24% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $445.87B
Cash: $10.77B
Long-Term Debt: $150.14B
Book Value: $122.75B
D/E Ratio: 1.2
Debt/EBITDA: 16.5

With $445.87B in assets and $150.14B in long-term debt, D/E is 1.2and book value is $122.75B — moderate leverage. Across the last 8 quarters, debt/equity has risen for 3 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $10.52B
TTM Free Cash Flow: $17.82B
FCF Margin: 13.8%
FCF / Net Income: 1.4

TTM FCF of $17.82B on $10.52B in operating cash flow. The FCF / Net Income ratio of 1.4x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.