AT&T (T) Stock Analysis

June 13, 2026

Here is a fundamental analysis of AT&T (T), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

Performance

Cumulative Growth

GSPC

AT&T (T) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for AT&T (T) and S&P 500 (GSPC). Returns over one year are annualized.

Performance at a Glance

AT&T (T) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: T	Industry group median
1-Year Return	-12.95%	34.69%

Risk

Drawdown

GSPC

AT&T (T) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

AT&T (T) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: T	Industry group median
1-Year Volatility	22.18%	37.68%
Beta	0.21	0.70

Company Profile

Company profile fields for AT&T (T)
Profile Item	T
Name	AT&T Inc.
Country/Region	United States
GICS Sector	Communication Services
GICS Industry Group	Telecommunication Services
GICS Industry	Diversified Telecommunication Services
GICS Sub-Industry	Integrated Telecommunication Services
Market Capitalization	163.84 billion USD
Currency	USD
Exchange	NYSE
Listing Date	November 21, 1983
Security Type	Common Stock

Valuation

Price-to-Earnings Ratio (TTM)

AT&T (T) trades at P/E ratio of 7.76, in the cheaper earnings-multiple quartile for its industry. Investors are paying less for each dollar of TTM earnings than they usually pay for comparable businesses.

T

Telecommunication Services industry group

7.76

Group distribution

Max: 36.60
Q3: 21.85
Median: 16.62
Q1: 8.57
T: 7.76
Min: 2.87

Largest peers

CHT: 28.99
TMUS: 20.07
AMX: 16.62
VZ: 11.73
T: 7.76
VOD: --
SATS: --

Where AT&T (T) stands on P/E ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Sales Ratio (TTM)

AT&T (T) trades at 1.29 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

T

Telecommunication Services industry group

1.29

Group distribution

Max: 3.67
Q3: 2.31
T: 1.29
Median: 0.90
Q1: 0.39
Min: 0.00

Largest peers

TMUS: 2.26
SATS: 2.23
VZ: 1.44
T: 1.29
VOD: 0.88
CHT: 0.15
AMX: 0.09

Where AT&T (T) stands on P/S ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Book Ratio (MRQ)

AT&T (T) trades at 1.50 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

T

Telecommunication Services industry group

1.50

Group distribution

Max: 8.01
Q3: 4.28
Median: 1.88
T: 1.50
Q1: 0.80
Min: 0.01

Largest peers

CHT: 11.41
SATS: 5.86
AMX: 3.89
TMUS: 3.67
VZ: 1.94
T: 1.50
VOD: 1.23

Where AT&T (T) stands on P/B ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation at a Glance

AT&T (T) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: T	Industry group median
Price-to-Earnings Ratio (TTM)	7.76	16.62
Price-to-Sales Ratio (TTM)	1.29	0.90
Price-to-Book Ratio (MRQ)	1.50	1.88
Free Cash Flow Yield	5.40%	10.77%

Profitability

Return on Equity (TTM)

AT&T (T) posts ROE of 18.37%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

T

Telecommunication Services industry group

18.37%

Group distribution

Max: 43.27%
T: 18.37%
Q3: 17.95%
Median: 6.68%
Q1: -17.20%
Min: -47.97%

Largest peers

AMX: 21.13%
T: 18.37%
TMUS: 18.03%
VZ: 17.20%
CHT: 9.99%
VOD: 0.11%
SATS: -112.28%

Where AT&T (T) stands on ROE within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Net Profit Margin (TTM)

AT&T (T) keeps 16.94% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

T

Telecommunication Services industry group

16.94%

Group distribution

Max: 41.74%
T: 16.94%
Q3: 12.36%
Median: 5.02%
Q1: -11.20%
Min: -31.47%

Largest peers

T: 16.94%
CHT: 16.24%
VZ: 12.46%
TMUS: 11.65%
AMX: 9.23%
VOD: -0.98%
SATS: -97.56%

Where AT&T (T) stands on net margin within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Profit Margin (TTM)

AT&T (T) turns 22.72% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

T

Telecommunication Services industry group

22.72%

Group distribution

Max: 35.60%
T: 22.72%
Q3: 21.32%
Median: 12.69%
Q1: 4.41%
Min: -8.71%

Largest peers

VZ: 25.19%
TMUS: 24.01%
T: 22.72%
CHT: 21.84%
AMX: 21.33%
SATS: 8.91%
VOD: 7.78%

Where AT&T (T) stands on operating margin within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability at a Glance

AT&T (T) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: T	Industry group median
Return on Equity (TTM)	18.37%	6.68%
Return on Assets (TTM)	4.12%	2.86%
Net Profit Margin (TTM)	16.94%	5.02%
Operating Profit Margin (TTM)	22.72%	12.69%
Gross Profit Margin (TTM)	59.41%	56.37%

Financial Strength

Current Ratio (MRQ)

AT&T (T) has current ratio of 0.92, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

T

Telecommunication Services industry group

0.92

Group distribution

Max: 2.39
Q3: 1.66
Median: 1.11
T: 0.92
Q1: 0.92
Min: 0.25

Largest peers

CHT: 1.64
VOD: 1.14
TMUS: 1.09
T: 0.92
AMX: 0.72
VZ: 0.64
SATS: 0.30

Where AT&T (T) stands on current ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Debt-to-Equity Ratio (MRQ)

AT&T (T) has debt-to-equity ratio of 1.25, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

T

Telecommunication Services industry group

1.25

Group distribution

Max: 3.82
Q3: 2.12
T: 1.25
Median: 1.02
Q1: 0.65
Min: 0.00

Largest peers

SATS: 5.15
TMUS: 2.19
VZ: 1.92
AMX: 1.71
T: 1.25
VOD: 1.00
CHT: 0.10

Where AT&T (T) stands on debt-to-equity ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength at a Glance

AT&T (T) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: T	Industry group median
Current Ratio (MRQ)	0.92	1.11
Debt-to-Equity Ratio (MRQ)	1.25	1.02
Net Debt / EBITDA	3.33	3.82

Dividends

Dividend Yield (TTM)

AT&T (T) has dividend yield of 4.71%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

T

Telecommunication Services industry group

4.71%

Group distribution

Max: 8.73%
T: 4.71%
Q3: 3.71%
Median: 0.44%
Q1: 0.00%
Min: 0.00%

Largest peers

VZ: 5.88%
T: 4.71%
CHT: 3.59%
VOD: 3.56%
TMUS: 2.16%
AMX: 2.04%
SATS: 0.00%

Where AT&T (T) stands on dividend yield within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

AT&T (T) has payout ratio of 36.51%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

T

Telecommunication Services industry group

36.51%

Group distribution

Max: 149.01%
Q3: 60.13%
T: 36.51%
Median: 7.71%
Q1: 0.00%
Min: 0.00%

Largest peers

VOD: 101.44%
CHT: 96.91%
VZ: 67.44%
TMUS: 40.38%
T: 36.51%
AMX: 36.06%
SATS: 0.00%

Where AT&T (T) stands on payout ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Dividends at a Glance

AT&T (T) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: T	Industry group median
Dividend Yield (TTM)	4.71%	0.44%
Dividend Payout Ratio (TTM)	36.51%	7.71%