AT&T Inc (T) valuation
AT&T P/E ratio history
AT&T trades at 11.6 times its earnings over the last twelve months and 8.4 times the earnings analysts expect over the next twelve. At its last 8 fiscal year ends its P/E ranged from 7.4 (year to Dec 2017) to 20.6 (year to Dec 2019), with a median of 9.5.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $24.84 | $3.04 | 8.2 | 11.4 |
| Dec 31, 2024 | $22.77 | $1.49 | 15.3 | 10.4 |
| Dec 31, 2023 | $16.78 | $1.97 | 8.5 | 6.8 |
| Dec 31, 2022 | $18.41 | -$1.13 | n/m | 7.1 |
| Dec 31, 2021 | $18.58 | $2.06 | 9.0 | 7.6 |
| Dec 31, 2020 | $21.72 | -$0.57 | n/m | — |
| Dec 31, 2019 | $29.52 | $1.44 | 20.6 | — |
| Dec 31, 2018 | $21.56 | $2.17 | 9.9 | — |
| Dec 31, 2017 | $29.37 | $4.00 | 7.4 | — |
| Dec 31, 2016 | $32.12 | $1.58 | 20.4 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
AT&T valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| AT&TT | $149B | 11.6 | 8.4 | 1.2 |
| T-Mobile USTMUS | $168B | 15.1 | 11.4 | 1.8 |
| VerizonVZ | $186B | 11.4 | 8.5 | 1.3 |
| Peer median | 13.2 | 10.0 | 1.6 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: T financials · T returns
No forecast, no recommendation. This page describes AT&T Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.