T

NYSE

AT&T INC.

Communication Services, Integrated Telecommunication Services

$23.79

close 7 Aug 2026

-15.46%

52-week change

$163.02B

market cap

$19.89

$29.79

52-week range

Expected price

$25.83 – $31.57

Current price

$23.79

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)7.90x

P/S (TTM)1.28x

P/B1.29x

EV/EBITDA (TTM)6.29x

FCF yield (TTM)10.81%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average23.84x

P/E, sector median16.67x*

Price at 5-year median P/E$28.51*

Indicated dividend yield4.67%

Forward — analyst consensus

Forward P/E (FY2026)10.18x*

Forward P/E (FY2027)9.28x

Forward PEG1.05*

Consensus EPS FY2026 (24 analysts)$2.34

EPS growth (FY2026→FY2027)9.67%

Revenue growth (FY2026)2.88%

Street view

Price target (mean)$28.71*

Target upside20.67%

Ratings (buy / hold / sell)15 / 9 / 1

FY2026 EPS revisions, 30d (up / down)15 / 3

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 22 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR -3.13%10Y CAGR +2%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$23.79

Cash & equivalents$17.57B

Total debt$143.95B

Shares outstanding6.85B

Result

DCF price per share$12.55

Current price$23.79

Margin of safety-47.25%

PV of years 1–10$101.69B

PV of terminal value$110.69B

Equity value$85.99B

Market-implied growth+0.88%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$17.07B	$16.54B	$16.02B	$15.52B	$15.03B	$14.56B	$14.11B	$13.66B	$13.24B	$12.82B	$238.96B
PV	$15.81B	$14.18B	$12.72B	$11.41B	$10.23B	$9.18B	$8.23B	$7.38B	$6.62B	$5.94B	$110.69B

period to 30 Jun 2026, filed 22 Jul 2026, close 7 Aug 2026