AMT

American Tower Corporation

Fundamental data last updated:September 6, 2026

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company profile

SECTOR

Real Estate

industry

REIT - Specialty

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate. The Company's primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a few other industries. The Company refers to this business, inclusive of its data center business discussed below, as its property operations. Additionally, the Company offers tower-related services in the United States, which the Company refers to as its services operations. These services include site application, zoning and permitting, structural and mount analyses, and construction management services, together with program management offerings that support customer deployment needs from project scoping through construction. The Company's services operations primarily support the Company's site leasing business, including through the addition of new tenants and equipment on its sites. The Company's customers include its tenants, licensees and other payers. American Tower Corporation was incorporated in 1995 in Delaware and is based in Massachusetts, Boston.

 


VALUATION

P/E

26.26

Market Cap ($M USD)

$75.53B

Forward P/E

17.88

PEG

0.38

PRICE TO SALES

6.98

PRICE TO BOOK

20.69

EV / EBITDA

17.38

5-Year Average P/E

Free Cash Flow Yield

4.99%

DCF Value

$260.32

Graham Number

$32.99

Price to FCF

20.03

EV to FCF

31.61

Earnings Yield

3.81%

FCF Yield

4.99%

DIVIDEND

Yield

4.31%

Annual Payout

$6.98

Payout Ratio

111.03%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$6.17

Next Year EPS Growth Estimate

$9.07

Next Year Revenue Growth Estimate

$13.23B

Return on Equity (ROE)

76.90%

FREE CASH FLOW

Operating Margin

44.24%

Debt-to-Equity

12.31

Piotroski F-Score

7

Altman Z-Score

1.09

Return on Invested Capital (ROIC)

8.51%

Current Ratio

0.40

Quick Ratio

0.40

Net Debt to EBITDA

6.37

Interest Coverage

4.62

Gross Profit margin

73.37%

FCF PER SHARE

$8.09

REVENUE PER SHARE

$23.21

Gainseekers Quantitative Analysis

Summary

AMT’s valuation presents a compelling divergence. Recent pricing indicated it traded below its DCF Value, suggesting potential undervaluation. However, the Price/Book ratio is alarmingly high, hinting at market optimism. The Forward P/E ratio is more reasonable, reflecting expected earnings growth, yet the Altman Z-score raises red flags about financial distress. The Earnings Yield is modest, indicating limited immediate income potential, but the market seems to be pricing in future growth.

AI Exposure / Tech Reliance

As a REIT in the specialty sector, AMT is strategically positioned to leverage AI and modern tech shifts. Its infrastructure supports the backbone of digital communication, making it resilient to technological changes. This positioning ensures it remains integral as data consumption and connectivity demands surge.

The Bull Case

For the value-driven investor, AMT offers a robust case. With a strong ROIC of 8.51%, it demonstrates efficient capital allocation. The Piotroski F-Score of 7 signals solid financial health, while a healthy operating margin of 44.24% underscores its pricing power. Despite a modest FCF Yield, its ability to generate consistent cash flow is evident, making it an attractive proposition for those seeking growth at a reasonable price.

The Bear Case

Yet, AMT is not without its pitfalls. The Price/Book ratio of 22.73 is a glaring concern, suggesting the stock is priced for perfection. Its Altman Z-score of 1.15 indicates potential financial vulnerability, and the Debt/Equity ratio is notably high, raising questions about leverage sustainability. Additionally, the stock's proximity to its 52-week low could signal technical weakness, warranting caution.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$211.60

Institutional Ownership %

1-Year Beta

0.91

Insider Buying % (6 Mo)

Distance to 52-Week High

44.55%

Distance to 52-Week Low

1.26%

EARNINGS SURPRISE %

15.00%

50-DAY SMA

$179.93

200-DAY SMA

$181.08

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.