AT&T Inc (T)
UndervaluedFundamental
72
Price
$20.93
Market Cap
$150.14B
Part 1 · What the company is worth
Overview
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.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$128.85B
Trailing 12 months (through 9/30/2026)
Net Income
$13.13B
Trailing 12 months (through 9/30/2026)
Free Cash Flow
$19.44B
Total Equity
$126.49B
Total Liabilities
$293.71B
Current Ratio
0.87
Interest Coverage
3.16
Debt/EBITDA
3.95
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$41.36
Current Price
$20.93
Margin of Safety
+49.4%
Fair Value Range
$26.88 - $55.83
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
11.38
ROE
17.4%
P/B Ratio
1.15
P/FCF
7.91
Gross Margin
-
ROIC
4.8%
Profitability Radar
Value Creation (Economic Moat)
ROIC
4.8%
WACC
5.3%
ROIC − WACC
-0.5 pp
ROIC is roughly in line with the cost of capital — the company is barely covering its capital cost.
Fundamental Analysis Criteria
Passed (17)
- EPS shows upward trend
- P/FCF 7.91
- P/B ratio 1.15
- Debt/equity ratio
- Operating margin 18.3%
- Positive free cash flow
- Current ratio
- Interest coverage
- Debt/EBITDA
- Return on tangible assets
- Price below Graham Number
- DCF valuation (Undervalued)
- ROE 19.5%
- Earnings surprise, average 6.7%
- Earnings quality (operating cash flow / net income) 3.06
- Share dilution -1.7%
- Piotroski F-Score 7/9
Failed (7)
- EPS CAGR 2.53%
- Price CAGR -3.26%
- ROIC 4.8%
- CapEx intensity
- Low reliance on intangibles
- Revenue growth 5Y -2.6%
- Net margin trend 10.2% vs 17.9%
Unavailable (3)
- Gross margin –
- Dividend payout –
- PEG ratio (needs P/E > 0 and growth > 0)
Piotroski F-Score
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. John T. Stankey | CEO, President & Chairman | 62 |
| Mr. Pascal Desroches CPA | Senior EVP & CFO | 61 |
| Mr. Jeffery Scott McElfresh | Chief Operating Officer | 55 |
| Mr. David R. McAtee II | Senior EVP & General Counsel | 56 |
| Ms. Lori M. Lee | Global Marketing Officer and Senior EVP of International | 59 |
| Ms. Sabrina Sanders | Senior VP, Chief Accounting Officer & Controller | 45 |
| Mr. Brett Joseph Feldman | Senior Vice President of Finance & Investor Relations | - |
| Mr. Larry Solomon | Chief Communications Officer | - |
| Mr. Rick Moore | Senior Vice President of Corporate Development | 73 |
| Ms. Kellyn Smith Kenny M.B.A. | Chief Marketing & Growth Officer | 47 |
Audit Risk
1
Board Risk
7
Compensation Risk
5
Shareholder Rights Risk
3
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-09
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-10-21
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-10-21
via SEC EDGAR
Income History
via SEC EDGAR
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much T moves, measured on its daily prices.
More volatile than 54% of the tracked stocks (90-day volatility).
- Volatility 30d
- 49.7%
- Volatility 90d
- 37.7%
- Beta vs S&P 500 (1y)
- -0.41Correlation -0.19
- Max drawdown (12m)
- -29.6%
- ATR (14d, % of price)
- 3.78%
Earnings reactions
How T moved around its past quarterly results.
Next earnings release
No upcoming release on the calendar.
What usually happens
- Over the last 12 releases the stock moved a median of 3.2% the next day, up or down.
- Next-day moves: up 9, down 3 (out of 12).
- Of the 4 releases that beat estimates, the stock fell the next day after 1.
Release history
| Date | When | EPS est. | EPS actual | Surprise | Gap | 1 day | 5 days |
|---|---|---|---|---|---|---|---|
| Oct 21, 2026 | Before the open | 0.60 | 0.65 | +7.8% | -6.5% | -6.4% | n/a |
| Jul 22, 2026 | During the session | 0.60 | 0.65 | +8.4% | +5.0% | +3.5% | +10.8% |
| Apr 22, 2026 | During the session | 0.56 | 0.57 | +1.6% | -2.8% | +0.4% | +0.7% |
| Jan 28, 2026 | During the session | 0.47 | 0.52 | +10.2% | +1.8% | +4.7% | +16.7% |
| Oct 22, 2025 | During the session | 0.55 | 0.54 | -1.0% | -4.3% | -1.9% | -1.3% |
| Jul 23, 2025 | During the session | n/a | n/a | n/a | -4.1% | +1.2% | 0.0% |
| Apr 23, 2025 | During the session | n/a | n/a | n/a | -1.6% | +0.9% | +1.3% |
| Jan 27, 2025 | During the session | n/a | n/a | n/a | +3.4% | +6.3% | +4.4% |
| Oct 23, 2024 | During the session | n/a | n/a | n/a | -1.2% | +4.6% | +3.2% |
| Jul 24, 2024 | During the session | n/a | n/a | n/a | +3.9% | +5.2% | +4.2% |
| Apr 24, 2024 | During the session | n/a | n/a | n/a | +2.4% | +1.9% | +2.4% |
| Jan 24, 2024 | During the session | n/a | n/a | n/a | -3.7% | -3.0% | +2.0% |
Release dates from SEC 8-K filings.
Updated 10/24/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Price reaction to the news
Latest news on T and what the price did next.
- 10/23/2026NegativePerché le azioni di AT&T, Verizon e T-Mobile scendono nel premarket di venerdì?
- +1 day
- pending
- +3 days
- pending
- 10/21/2026NegativeAT&T: azioni -6% nonostante utili migliori; SpaceX il motivo
Published while the US market was open: the move of that day cannot be split into before and after the news, so no figure is shown.
- 10/21/2026PositiveAT&T shrugs off SpaceX fears with its own large haul of new internet subscribers
- +1 day
- -7.0%
- +3 days
- pending
- 10/13/2026NegativeThe SpaceX threat could loom over AT&T’s stock for a prolonged stretch, analyst cautions
- +1 day
- +1.6%
- +3 days
- +5.3%
- 10/9/2026NegativeAs AT&T, Verizon and T-Mobile shares fall, Wall Street assesses the growing SpaceX threat
Published while the US market was open: the move of that day cannot be split into before and after the news, so no figure is shown.
- 10/9/2026NegativeHeadline no longer in the latest news feed
- +1 day
- -11.4%
- +3 days
- -8.6%
- 9/21/2026PositiveAT&T’s stock looks like the smartest bet in the wireless sector, analyst says
Published while the US market was open: the move of that day cannot be split into before and after the news, so no figure is shown.
- 8/5/2026NegativeHeadline no longer in the latest news feed
Published while the US market was open: the move of that day cannot be split into before and after the news, so no figure is shown.
- 7/22/2026PositiveHeadline no longer in the latest news feed
Published while the US market was open: the move of that day cannot be split into before and after the news, so no figure is shown.
- 7/2/2026NegativeHeadline no longer in the latest news feed
- +1 day
- -0.9%
- +3 days
- +2.5%
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.
Latest News
Recent headlines for T.
- 1d agoNEGATIVEPerché le azioni di AT&T, Verizon e T-Mobile scendono nel premarket di venerdì?
AT&T, Verizon, and T-Mobile shares experienced significant pre-market declines on Friday, with AT&T down approximately 4.6%. This downturn follows a report indicating SpaceX is in negotiations to secure access to at least 80,000 mobile phone tower sites across the United States. The potential deal, if successful, could disrupt the existing market structure by allowing SpaceX to leverage established infrastructure, thereby intensifying competition for the major carriers. Investors are reacting to the increased competitive threat and potential loss of market share or revenue streams for these telecom giants.
- 2d agoNEUTRALTexas Developer Seeks $3.5 Billion in Debt Financing for AT&T (T) Headquarters
A developer is seeking $3.5 billion in debt financing for the construction of AT&T Inc.'s new global headquarters in Plano, Texas. This financing is being sought through a specialized debt instrument, indicating a significant capital requirement for the corporate campus project. While the funding is crucial for the development, it does not directly impact AT&T's core operations or financial health in the short term, thus presenting a neutral signal for investors.
- 3d agoNEGATIVEAT&T: azioni -6% nonostante utili migliori; SpaceX il motivo
AT&T Inc. shares plummeted 6.23% to $21.96, making it the worst performer in the S&P 500, despite reporting better-than-expected third-quarter earnings and raising its 2026 profit outlook. The company also accelerated planned share repurchases. Investors, however, focused on concerns regarding wireless subscriber growth and potential competition from SpaceX's Starlink Mobile service. This overshadowed positive financial results, including $32.3 billion in revenue, a 5.3% year-over-year increase, surpassing analyst consensus. Competitors Verizon Communications and T-Mobile also saw declines.
- 3d agoPOSITIVEAT&T shrugs off SpaceX fears with its own large haul of new internet subscribers
AT&T reported strong third-quarter results, with its fiber internet business significantly outperforming expectations. The company added a substantial number of new internet subscribers, a key metric indicating growth in its broadband division. This performance suggests AT&T's strategic investments in fiber infrastructure are yielding positive returns and effectively competing in the market, assuaging concerns about potential disruption from new entrants like SpaceX. Investors will view this subscriber growth as a sign of robust demand and AT&T's competitive positioning.
- 12d agoNEGATIVEThe SpaceX threat could loom over AT&T’s stock for a prolonged stretch, analyst cautions
Bernstein analyst Laurent Yoon has downgraded AT&T Inc. (T) and other major telecommunications stocks, citing a prolonged threat from SpaceX's potential entry into the market. Yoon warns of increased volatility for the sector, suggesting that the competitive landscape is set to become more challenging. This cautionary note implies that AT&T's future revenue streams and market share could be negatively impacted by the new competition, potentially affecting its stock performance and investor outlook.
- 15d agoNEGATIVEAs AT&T, Verizon and T-Mobile shares fall, Wall Street assesses the growing SpaceX threat
Shares of AT&T, Verizon, and T-Mobile experienced a decline as Wall Street began evaluating the potential competitive threat posed by SpaceX's expanding capabilities in the wireless sector. While SpaceX is still in its early stages of challenging the established carriers, its strategic moves signal a future competitive landscape shift. Investors are reassessing the long-term market share and revenue implications for the incumbent telecom giants, leading to caution and downward pressure on their stock prices.
- 9/21/2026POSITIVEAT&T’s stock looks like the smartest bet in the wireless sector, analyst says
An analyst from BNP Paribas has issued a positive rating for AT&T Inc. stock, highlighting that investors have "little to quibble with on the mobile side." This endorsement suggests strong performance and positive outlook for AT&T's wireless division, a key revenue driver. The analyst's confidence implies that the company's strategic decisions and operational execution in the competitive wireless market are yielding favorable results, potentially leading to increased investor interest and a positive impact on the stock price.