Is AT&T (T) overvalued or fairly valued?

MarketChacha shows AT&T's valuation in context — a trailing P/E of about 8.3, a forward P/E of about 10.1, a price-to-book of about 1.6 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does AT&T's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.48×) from reported figures — education, not a rating.

What is AT&T's revenue?

AT&T reported revenue of $125.6B for FY2025, with net profit of $22.0B, per official filings.

What is the share price of AT&T (T)?

AT&T last traded at $25.95 (-0.2% on the day), as of 9/2/2026 — a delayed quote shown for education, not investment advice.

AT&T

T · NYSE · Telecom · United States

Snapshot

TickerT

ExchangeNYSE

SectorTelecom

IndustryTelecom Services

CountryUnited States

Employees133,030

HeadquartersDallas, United States

Websitewww.att.com

Filings tracked22

About AT&T

AT&T Inc. provides telecommunications and technology services worldwide. It operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores. It also provides AT&T Dedicated Internet, fiber ethernet and broadband, fixed wireless, and hosted and managed professional services; and copper-based voice and data, Virtual Private Networks (VPN), wholesale, outsourcing, and IP, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, governmental, and wholesale customers. In addition, this segment offers broadband services, including fiber connections, legacy telephony voice communication services, and other VoIP services and equipment to residential customers. This segment markets its communications services and products under the AT&T, AT&T Business, Cricket, AT&T PREPAID, AT&T Fiber, and AT&T Internet Air brand names. Its Latin America segment provides postpaid and prepaid wireless services in Mexico under the AT&T and Unefon brand names, as well as sells smartphones through its stores, agents and third-party retail stores. 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 based in Dallas, Texas.

Who owns it

Insiders0.1%
Institutions68.5%
Public & other31.4%

3,413 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.8.16%
Vanguard Capital Management LLC6.62%
State Street Corporation4.88%
Newport Trust Company, LLC2.61%
Geode Capital Management, LLC2.58%
Vanguard Portfolio Management LLC1.96%
Bank of America Corporation1.63%
Morgan Stanley1.55%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion2.48×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend11.8% → 17.5%

Margin has expanded by about 5.7 points — the business is getting more profitable.

Return on equity17.4%

Latest ROE of 17.4% — capital is generating a healthy return.

Growth qualityrev 1% · PAT 23%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $34.5B · EPS 0.53

Est. earnings growth +1.0%

Next fiscal year

Rev $132.0B · EPS 2.56

Est. earnings growth +9.7%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$125.6B

Net margin

17.5%

ROE

17.4%

Revenue CAGR (2y)

+1.3%

Profit CAGR (2y)

+23.5%

EPS (FY2025)

3.04

Net profit (FY2025)

$22.0B

Ask MarketChacha about T

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$125.6B	$22.0B	3.04	17.5%	17.4%
FY2024	$122.3B	$10.9B	1.49	8.9%	9.3%
FY2023	$122.4B	$14.4B	1.97	11.8%	12.3%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$31.6B	$4.6B	0.66	14.7%
2026Q1	$31.5B	$3.8B	0.54	12.2%
2025Q3	$30.7B	$9.3B	1.29	30.3%
2025Q2	$30.8B	$4.5B	0.62	14.6%
2025Q1	$30.6B	$4.4B	0.61	14.2%
2024Q3	$30.2B	$-174.0M	-0.03	-0.6%
2024Q2	$29.8B	$3.6B	0.49	12.1%
2024Q1	$30.0B	$3.4B	0.47	11.5%
2023Q4	$32.0B	—	—	—
2023Q3	$30.4B	$3.5B	0.48	11.5%
2023Q2	$29.9B	$4.5B	0.61	15.0%
2023Q1	$30.1B	$4.2B	0.57	14.0%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Other events, Exhibits
SEC8/4/2026material
8-K — Material financial obligation, Reg FD disclosure, Exhibits
SEC7/28/2026material
10-Q — 10-Q AT&T INC. 2ND QUARTER 2026 FORM 10-Q INLINE
SEC7/22/2026
8-K — Results of operations, Exhibits
SEC7/22/2026material
8-K — Executive/director change, Exhibits
SEC6/16/2026material
8-K — Executive/director change, Bylaw/charter change, Shareholder vote results, Exhibits
SEC5/20/2026material
8-K — Other events, Exhibits
SEC4/30/2026material
10-Q — 10-Q AT&T INC. 1ST QUARTER 2026 FORM 10-Q INLINE
SEC4/27/2026
8-K — Other events, Exhibits
SEC4/22/2026material
8-K — Results of operations, Exhibits
SEC4/22/2026material
8-K — Other events, Exhibits
SEC3/12/2026material
10-K — 10-K AT&T INC. 2025
SEC2/9/2026
8-K — Other events, Exhibits
SEC2/5/2026material
8-K — Other events, Exhibits
SEC1/28/2026material
8-K — Results of operations, Exhibits
SEC1/28/2026material

2025

8-K — Material agreement, Material financial obligation, Exhibits
SEC11/3/2025material
10-Q — 10-Q AT&T INC. 3RD QUARTER 2025 FORM 10-Q INLINE
SEC10/31/2025
8-K — Results of operations, Exhibits
SEC10/22/2025material
8-K — Other events, Exhibits
SEC9/24/2025material
8-K — Other events, Exhibits
SEC9/16/2025material
8-K — Material agreement, Reg FD disclosure, Exhibits
SEC8/26/2025material
8-K — Executive/director change, Exhibits
SEC8/19/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.