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AT&T Inc. (T)
Telephone Communications (No Radiotelephone)
Latest Price
$20.92
TTM P/E
11.37
Normalized P/E
14.17
TTM Div Yield
5.31%
Fwd Div Yield
5.31%
Book Value
17.91
P/B Ratio
1.17
Valuation metrics
adjust assumptions →Norm. op. income: $23.3B (median of 7yr)
Tax rate: 20%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$8.61
58% downside
Base FCF: $19.4B (median of recent 5yr)
Growth: -7%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$2.42
88% downside
EPS: $3.04
Target P/E: 14×
Formula: EPS × P/E
P/E Fair Value
$42.56
+106% upside
Institutional Ownership
67.5% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 559.40M | $11.58B | 8.27% | -1.60M | 2026-06-30 |
| Vanguard Capital Management LLC | 453.56M | $9.39B | 6.71% | -1.20M | 2026-06-30 |
| State Street Corp | 334.27M | $6.92B | 4.94% | +18.47M | 2026-06-30 |
| Newport Trust Company, LLC | 178.73M | $3.70B | 2.64% | -745.3K | 2026-06-30 |
| Geode Capital Management, LLC | 177.04M | $3.65B | 2.62% | +2.02M | 2026-06-30 |
| Vanguard Portfolio Management LLC | 134.32M | $2.78B | 1.99% | +766.5K | 2026-06-30 |
| Bank of America Corp | 111.64M | $2.31B | 1.65% | -13.55M | 2026-06-30 |
| Morgan Stanley | 106.28M | $2.20B | 1.57% | +1.08M | 2026-06-30 |
| JPMorgan Chase & Co | 96.92M | $2.11B | 1.43% | +24.52M | 2026-06-30 |
| Norges Bank | 79.27M | $1.64B | 1.17% | -8.57M | 2026-06-30 |