AT&T Inc.

WBAG:ATT Stock Report

Market Cap: €154.7b

AT&T Valuation

Is ATT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ATT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ATT (€21.78) is trading below our estimate of fair value (€60.04)

Significantly Below Fair Value: ATT is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ATT?

Key metric: As ATT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ATT. This is calculated by dividing ATT's market cap by their current earnings.
What is ATT's PE Ratio?
PE Ratio18.5x
EarningsUS$8.85b
Market CapUS$163.09b

Price to Earnings Ratio vs Peers

How does ATT's PE Ratio compare to its peers?

The above table shows the PE ratio for ATT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.8x
TKA Telekom Austria
8.8x8.3%€5.1b
ETS EuroTeleSites
12.8xn/a€815.7m
VZ Verizon Communications
18.1x15.6%US$176.5b
DTE Deutsche Telekom
23.6x18.8%€141.3b
ATT AT&T
18.5x17.3%€163.1b

Price-To-Earnings vs Peers: ATT is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the peer average (15.8x).

Price to Earnings Ratio vs Industry

How does ATT's PE Ratio compare vs other companies in the European Telecom Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ATT 18.5xIndustry Avg. 18.1xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ATT is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the European Telecom industry average (18.1x).

Price to Earnings Ratio vs Fair Ratio

What is ATT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ATT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ATT's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ATT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€21.78
€21.56
-1.0%
15.1%€27.79€12.04n/a25
Nov ’25€20.68
€21.44
+3.7%
15.1%€27.62€11.97n/a25
Oct ’25€19.80
€20.09
+1.5%
16.2%€27.10€10.84n/a25
Sep ’25€17.88
€19.70
+10.2%
16.4%€26.57€11.00n/a25
Aug ’25€17.92
€19.79
+10.4%
16.5%€26.79€11.09n/a25
Jul ’25€17.65
€19.02
+7.8%
18.2%€27.01€10.24n/a25
Jun ’25€16.51
€18.49
+12.0%
19.1%€26.70€10.13n/a24
May ’25€15.81
€18.80
+18.9%
18.8%€27.17€10.30n/a25
Apr ’25€16.29
€18.44
+13.2%
19.2%€26.84€10.18n/a25
Mar ’25€15.65
€18.41
+17.6%
20.0%€26.91€10.21n/a24
Feb ’25€16.64
€18.11
+8.8%
20.7%€26.68€10.12n/a24
Jan ’25€15.16
€16.70
+10.2%
22.9%€25.21€8.10n/a23
Dec ’24€15.31
€16.98
+10.9%
22.0%€25.52€8.20n/a23
Nov ’24€14.74
€17.49
+18.7%
22.8%€26.37€7.54€20.6823
Oct ’24€14.22
€17.75
+24.9%
21.9%€26.21€7.49€19.8023
Sep ’24€13.63
€17.68
+29.8%
20.9%€25.81€7.37€17.8823
Aug ’24€13.02
€17.87
+37.2%
20.5%€25.49€7.28€17.9223
Jul ’24€14.57
€19.45
+33.6%
17.7%€25.65€8.25€17.6521
Jun ’24€14.75
€19.36
+31.3%
17.1%€25.44€8.18€16.5122
May ’24€15.98
€19.40
+21.5%
17.4%€25.41€8.17€15.8121
Apr ’24€17.61
€19.82
+12.5%
16.8%€23.32€8.40€16.2920
Mar ’24€17.46
€19.73
+13.0%
16.5%€23.29€8.38€15.6521
Feb ’24€18.66
€19.37
+3.8%
16.7%€22.96€8.26€16.6421
Jan ’24€17.26
€18.96
+9.8%
18.0%€23.52€8.47€15.1622
Dec ’23€18.31
€20.33
+11.0%
19.0%€27.77€8.93€15.3123
Nov ’23€18.55
€20.33
+9.6%
19.0%€27.77€8.93€14.7423

Analyst Forecast: Target price is less than 20% higher than the current share price.

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