AT&T Inc.

AT&T Inc.

TยทNYSE

$23.56

-4.3%
Communication ServicesTelecommunications Services

AT&T Inc. provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores. It also provides data, voice, security, cloud solutions, outsourcing, and managed and professional services, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, governmental, and wholesale customers. In addition, this segment offers broadband fiber and legacy telephony voice communication services to residential customers. It markets its communications services and products under the AT&T, Cricket, AT&T PREPAID, and AT&T Fiber brand names. The company's Latin America segment provides wireless services in Mexico; and video services in Latin America. This segment markets its services and products under the AT&T and Unefon brand names. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in 2005. AT&T Inc. was incorporated in 1983 and is headquartered in Dallas, Texas.

At a Glance

Live Snapshot
Market Cap$163.70B
EPS3.0400
P/E Ratio7.75
Earnings Date07/22/2026
AT&T Inc.

AT&T Inc. Fair Value Envelope

T ยท NYSE

Our analysis suggests that T has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $23.56, this represents a potential HIDDEN relative to our calculated worth for AT&T Inc..

Intrinsic Value
Current Price: $23.56

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

$
%
$
%
$
$

Projection Settings

Forecast period and terminal assumptions

%
%

DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$776.3B
+ Cash & Equivalents$18.2B
Firm Value$794.6B
- Debt$174.0B
Equity Value$620.6B
/ Shares Outstanding7,089,449,495B
DCF Value$88
UNDERVALUED BY 272%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$42.3B
$44.5B
$46.7B
$49.1B
$51.5B
$54.1B
$56.9B
$59.7B
$62.7B
$65.9B
Maintenance CapEx
-$4.4B
-$4.6B
-$4.8B
-$5.1B
-$5.3B
-$5.6B
-$5.9B
-$6.2B
-$6.5B
-$6.8B
Owner Earnings
$37.9B
$39.9B
$41.9B
$44.0B
$46.2B
$48.5B
$51.0B
$53.5B
$56.3B
$59.1B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$35.1B
$34.2B
$33.2B
$32.3B
$31.4B
$30.6B
$29.7B
$28.9B
$28.1B
$27.4B
Terminal Value represents 59.9% of Enterprise Value