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STOCK COMPARISON

American Tower vs Digital Realty Trust: Fair Value & Quality

Both stocks run through our valuation models. Here is how American Tower (AMT) and Digital Realty Trust (DLR) compare, as of Aug 13, 2026.

As of Aug 13, 2026, Fair Value Calculator sees American Tower as the less overvalued of the two: American Tower trades at $170 versus a fair value of $92.30 (-46%), while Digital Realty Trust trades at $191 versus $60.12 (-68%).
American Tower
AMT · USD · Real Estate
-46%
upside to fair value
overvalued
Price$170
Fair Value$92.30
Quality62/100
Digital Realty Trust
DLR · USD · Real Estate
-68%
upside to fair value
overvalued
Price$191
Fair Value$60.12
Quality47/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

American TowerDigital Realty Trust
Valuation
27.9×P/E (TTM)245.3×
7.20×P/S (TTM)10.80×
21.57×P/B3.18×
15.8×EV/EBITDA27.4×
1.61×PEG14.03×
4.1%Dividend yield2.5%
$6.98Dividend per share$4.88
Profitability
31%Net margin12%
45%Operating margin26%
34%Return on equity3%
5%Return on assets1%
Growth
5%Revenue growth (YoY)30%
3.3%Avg. growth/yr (3Y)9.2%
5.8%Avg. growth/yr (5Y)9.4%
Balance & size
9.26×Debt / equity0.80×
$79BMarket cap$73B
healthyGrowth qualityexpensive

American Tower leads: 9 to 5 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

American Towerof which business quality 54 · market factors 41 Digital Realty Trustof which business quality 47 · market factors 57
ProfitabilityMargins and returns on capital today
52
33
Quality GrowthAre margins and returns improving?
36
64
CashflowEarnings quality: real cash, not paper profit
89
72
Fin. StrengthBalance sheet, leverage, solvency risk
8
39
InvestmentDisciplined investing over empire-building
75
48
Low VolatilityCalm price path (market factor)
73
66
MomentumPrice trend over the last 3–12 months (market factor)
33
48
52W MomentumDistance to the 52-week high (market factor)
19
62
Net IssuanceBuybacks instead of dilution
78
22

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

American Tower

DCF Models$130
Dividend Discount$119
Multiples$92.30
Asset-Based$5.25
Growth DCF$112
Economic Profit$33.69

13 of 16 models see the stock below the current price.

Digital Realty Trust

DCF Models$122
Dividend Discount$82.19
Multiples$60.12
Asset-Based$41.51
Growth DCF$81.84
Economic Profit$50.77

14 of 14 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

American Tower
Bear $37.93Fair Value $92.30Bull $180
$170 = current price (white tick)
Digital Realty Trust
Bear $45.09Fair Value $60.12Bull $75.15
$191 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

American Tower · Real Estate

Quality score62 · Top 25%
Fair value upside-46% · bottom 25%

Digital Realty Trust · Real Estate

Quality score47 · below median
Fair value upside-68% · bottom 25%

Bottom line

As of Aug 13, 2026, Fair Value Calculator sees American Tower as the less overvalued of the two: American Tower trades at $170 versus a fair value of $92.30 (-46%), while Digital Realty Trust trades at $191 versus $60.12 (-68%).

American Tower has the higher quality score (62/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.