AMT
American Tower
PE ratio, current and historical analysis
- Stocks
- Real Estate
- NYSE: AMT
- PE Ratio
As of Jul 31, 2026, the American Tower stock's PE ratio is 23.81. This results from the current EPS of $7.28 and stock price of $173.36. The P/E ratio has a decrease of 16% from the past four quarters average of 28.3.
AMT PE ratio history
The PE ratio of American Tower has averaged 55.04 over the last ten years. The current PE ratio of 23.81 is 57% below the historical average. Over the past ten years, AMT's PE ratio was at its highest in the Sep 2023 quarter at 108.91, when the stock price was $164.45 and the EPS was $1.51. The lowest value was in the Jun 2026 quarter, when it reached 22.47 with a price of $163.57 and an EPS of $7.28.
American Tower PE ratio by year
Maximum annual increase: 39.5% in 2015
Maximum annual decrease: -44.07% in 2024
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 32.45 | -14.54% | $175.57 | $5.41 |
| 2024 | 37.97 | -44.07% | $183.41 | $4.83 |
| 2023 | 67.89 | 22.72% | $215.88 | $3.18 |
| 2022 | 55.32 | 7.61% | $211.86 | $3.83 |
| 2021 | 51.41 | -12.73% | $292.5 | $5.69 |
| 2020 | 58.91 | 9.46% | $224.46 | $3.81 |
| 2019 | 53.82 | -5.08% | $229.82 | $4.27 |
| 2018 | 56.7 | 6.9% | $158.19 | $2.79 |
| 2017 | 53.04 | 0.38% | $142.67 | $2.69 |
| 2016 | 52.84 | -22.6% | $105.68 | $2 |
| 2015 | 68.27 | 39.5% | $96.95 | $1.42 |
| 2014 | 48.94 | -14.16% | $98.85 | $2.02 |
| 2013 | 57.01 | 18.8% | $79.82 | $1.4 |
| 2012 | 47.99 | -20.03% | $77.27 | $1.61 |
| 2011 | 60.01 | 8.07% | $60.01 | $1 |
American Tower PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2026 | 22.47 | -19.29% | $163.57 | $7.28 |
| Mar 2026 | 27.84 | -14.21% | $172.58 | $6.2 |
| Dec 2025 | 32.45 | 5.98% | $175.57 | $5.41 |
| Sep 2025 | 30.62 | -61.76% | $192.32 | $6.28 |
| Jun 2025 | 80.08 | 43.9% | $221.02 | $2.76 |
| Mar 2025 | 55.65 | 46.56% | $217.6 | $3.91 |
| Dec 2024 | 37.97 | -61.14% | $183.41 | $4.83 |
| Sep 2024 | 97.71 | 168.43% | $232.56 | $2.38 |
| Jun 2024 | 36.4 | -18.39% | $194.38 | $5.34 |
| Mar 2024 | 44.6 | -34.31% | $197.59 | $4.43 |
| Dec 2023 | 67.89 | -37.66% | $215.88 | $3.18 |
| Sep 2023 | 108.91 | 15.13% | $164.45 | $1.51 |
| Jun 2023 | 94.6 | 38.43% | $193.94 | $2.05 |
| Mar 2023 | 68.34 | 23.54% | $204.34 | $2.99 |
| Dec 2022 | 55.32 | 62.56% | $211.86 | $3.83 |
AMT Price vs fair value
AMT average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, AMT's PE ratio is below the 3, 5 and 10-year averages.
PE comparison
With a P/E of 23.81, AMT is below the Real Estate sector and the industry average. But compared to its Real Estate sector average of 24, American Tower's P/E is only 0.8% lower.
AMT PE vs peers
AMT's PE ratio is lower than its peer stocks CCI and TDS, but it is greater than SBAC's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SBAC SBA Communications Corp - Class A | 18.99 | $19.2B |
| AMT American Tower Corp | 23.81 | $80.78B |
| CCI Crown Castle Inc | 31.4 | $33.3B |
| TDS Telephone & Data Systems Inc | 61.05 | $3.81B |
Frequently asked questions
What is American Tower's PE ratio?
The price to earnings ratio for AMT stock is 23.81 as of Jul 31, 2026.
What is the 3-year average PE ratio for American Tower (AMT)?
The average PE ratio for AMT stock over the past 3 years is 53.55.
What is the 5-year average PE ratio for American Tower (AMT)?
The average PE ratio for AMT stock over the past 5 years is 53.98.
What is the highest PE ratio for AMT?
In the last ten years, the Sep 2023 quarter recorded the highest quarterly PE ratio at 108.91.
How does the current PE ratio for AMT compare to its historical average?
AMT's price to earnings ratio is currently 57% below its 10-year historical average.
How is AMT's PE ratio calculated (American Tower PE ratio formula)?
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (Jul 31, 2026), American Tower's stock price is $173.36. The earnings per share for the trailing twelve months (TTM) ending Jun 2026 is $7.28. Therefore, American Tower's P/E ratio for today is 23.81. PE RATIO(23.81) = STOCK PRICE($173.36) / TTM EPS($7.28)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.