Overview Dividends

(T) AT&T - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US00206R1023

Wireless Services, Fiber Internet, Phone Plans, Business Networks, Prepaid Cards

Integrated Telecommunication Services
Market Cap in USD: 176,257m

IPO / Inception: 1984-07-19
Return 12m vs S&P 500: -4.04%

EPS (Earnings per Share)

EPS CAGR: -9.34%
EPS Trend: -87.6%

Last SUE: 0.00
Qual. Beats: 0

Revenue

Rev. CAGR: -7.39%
Rev. Trend: -27.4%

Last SUE: -0.50
Qual. Beats: 0

Dividends

Dividend Yield	5.64%
Yield on Cost 5y	9.02%
Yield CAGR 5y	-20.29%
Payout Consistency	92.4%
Payout Ratio	52.2%

Risk via 5d forecast
Volatility	21.7%
Value at Risk 5%th	34.7%
Relative Tail Risk	-2.93%

Reward TTM
Sharpe Ratio	0.45
Alpha	6.95
CAGR/Max DD	0.52

Character TTM
Hurst Exponent	0.405
Beta	0.124
Beta Downside	0.260

Drawdowns 3y
Max DD	32.01%
Mean DD	8.99%
Median DD	6.63%

Description: T AT&T December 01, 2025

AT&T Inc. (NYSE:T) operates globally in telecommunications and technology services through two primary segments: Communications and Latin America. The Communications segment delivers wireless voice and data, device sales, fiber and broadband internet, VPN, and managed services to consumers, businesses, and wholesale clients under brands such as AT&T, AT&T Business, Cricket, and AT&T Fiber. The Latin America segment focuses on post-paid and prepaid wireless services and smartphone sales in Mexico under the AT&T and Unefon brands.

Key recent metrics show AT&T generated roughly $120 billion in revenue for FY 2023, with an adjusted EBITDA margin near 30% and free cash flow of about $15 billion, reflecting strong cash generation despite a competitive 5G rollout that required $30 billion in capital expenditures. The company’s churn rate for post-paid wireless customers has stabilized around 1.2% YoY, while broadband subscriber growth remains modest (~1% quarterly) amid broader macro-economic pressures such as inflation-driven cost sensitivity and tightening telecom regulation.

For a deeper, data-driven assessment of AT&T’s valuation dynamics, you may find it useful to explore the analytical tools available on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (22.25b TTM) > 0 and > 6% of Revenue (6% = 7.47b TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA -0.42pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 0.56% (prev -8.90%; Δ 9.46pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.10 (>3.0%) and CFO 40.86b > Net Income 22.25b (YES >=105%, WARN >=100%)

Net Debt (138.22b) to EBITDA (55.82b) ratio: 2.48 <= 3.0 (WARN <= 3.5)

Current Ratio 1.01 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (7.17b) change vs 12m ago -0.54% (target <= -2.0% for YES)

Gross Margin 42.70% (prev 43.54%; Δ -0.85pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 30.47% (prev 31.00%; Δ -0.53pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 5.23 (EBITDA TTM 55.82b / Interest Expense TTM 6.63b) >= 6 (WARN >= 3)

Altman Z'' 0.76

(A) 0.00 = (Total Current Assets 54.58b - Total Current Liabilities 53.88b) / Total Assets 423.21b

(B) 0.03 = Retained Earnings (Balance) 13.97b / Total Assets 423.21b

(D) 0.07 = Book Value of Equity 20.95b / Total Liabilities 294.47b

Total Rating: 0.76 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 63.96

1. Piotroski 4.0pt

2. FCF Yield 6.35%

3. FCF Margin 16.03%

4. Debt/Equity 1.43

5. Debt/Ebitda 2.48

6. ROIC - WACC (= 9.46)%

7. RoE 20.98%

8. Rev. Trend -27.38%

9. EPS Trend -87.57%

What is the price of T shares?

As of December 29, 2025, the stock is trading at USD 24.65 with a total of 13,857,083 shares traded.
Over the past week, the price has changed by +1.44%, over one month by -5.27%, over three months by -11.24% and over the past year by +13.94%.

Is T a buy, sell or hold?

AT&T has received a consensus analysts rating of 4.07. Therefore, it is recommended to buy T.

Strong Buy: 12
Buy: 8
Hold: 7
Sell: 0
Strong Sell: 1

What are the forecasts/targets for the T price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	30.1	22.2%
Analysts Target Price	30.1	22.2%
ValueRay Target Price	26	5.4%

T Fundamental Data Overview December 27, 2025

Market Cap USD = 176.26b (176.26b USD * 1.0 USD.USD)
P/E Trailing = 8.0293
P/E Forward = 11.1607
P/S = 1.4159
P/B = 1.5792
P/EG = 1.0098
Beta = 0.593
Revenue TTM = 124.48b USD
EBIT TTM = 34.68b USD
EBITDA TTM = 55.82b USD
Long Term Debt = 128.09b USD (from longTermDebt, last quarter)
Short Term Debt = 11.38b USD (from shortTermDebt, last quarter)
Debt = 158.49b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 138.22b USD (from netDebt column, last quarter)
Enterprise Value = 314.48b USD (176.26b + Debt 158.49b - CCE 20.27b)
Interest Coverage Ratio = 5.23 (Ebit TTM 34.68b / Interest Expense TTM 6.63b)
FCF Yield = 6.35% (FCF TTM 19.96b / Enterprise Value 314.48b)
FCF Margin = 16.03% (FCF TTM 19.96b / Revenue TTM 124.48b)
Net Margin = 17.87% (Net Income TTM 22.25b / Revenue TTM 124.48b)
Gross Margin = 42.70% ((Revenue TTM 124.48b - Cost of Revenue TTM 71.33b) / Revenue TTM)
Gross Margin QoQ = 44.20% (prev 43.59%)
Tobins Q-Ratio = 0.74 (Enterprise Value 314.48b / Total Assets 423.21b)
Interest Expense / Debt = 1.07% (Interest Expense 1.70b / Debt 158.49b)
Taxrate = 9.16% (976.0m / 10.65b)
NOPAT = 31.51b (EBIT 34.68b * (1 - 9.16%))
Current Ratio = 1.01 (Total Current Assets 54.58b / Total Current Liabilities 53.88b)
Debt / Equity = 1.43 (Debt 158.49b / totalStockholderEquity, last quarter 110.71b)
Debt / EBITDA = 2.48 (Net Debt 138.22b / EBITDA 55.82b)
Debt / FCF = 6.93 (Net Debt 138.22b / FCF TTM 19.96b)
Total Stockholder Equity = 106.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.26% (Net Income 22.25b / Total Assets 423.21b)
RoE = 20.98% (Net Income TTM 22.25b / Total Stockholder Equity 106.02b)
RoCE = 14.82% (EBIT 34.68b / Capital Employed (Equity 106.02b + L.T.Debt 128.09b))
RoIC = 13.33% (NOPAT 31.51b / Invested Capital 236.39b)
WACC = 3.87% (E(176.26b)/V(334.75b) * Re(6.47%) + D(158.49b)/V(334.75b) * Rd(1.07%) * (1-Tc(0.09)))
Discount Rate = 6.47% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -33.33 | Cagr: -0.15%
[DCF Debug] Terminal Value 78.42% ; FCFE base≈20.07b ; Y1≈20.25b ; Y5≈21.87b
Fair Price DCF = 54.48 (DCF Value 386.26b / Shares Outstanding 7.09b; 5y FCF grow 0.49% → 3.0% )
EPS Correlation: -87.57 | EPS CAGR: -9.34% | SUE: 0.0 | # QB: 0
Revenue Correlation: -27.38 | Revenue CAGR: -7.39% | SUE: -0.50 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.53 | Chg30d=-0.001 | Revisions Net=-2 | Analysts=11
EPS next Year (2026-12-31): EPS=2.23 | Chg30d=-0.004 | Revisions Net=-1 | Growth EPS=+8.3% | Growth Revenue=+1.5%

Additional Sources for T Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle