American Tower vs Realty Income: Fair Value & Quality
Both stocks run through our valuation models. Here is how American Tower (AMT) and Realty Income (O) 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 Realty Income trades at $61.89 versus $30.71 (-50%).
American Tower
AMT · USD · Real Estate
-46%
upside to fair value
overvalued
Price$170
Fair Value$92.30
Quality62/100
Realty Income
O · USD · Real Estate
-50%
upside to fair value
overvalued
Price$61.89
Fair Value$30.71
Quality48/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
American TowerRealty Income
Valuation
27.9×P/E (TTM)49.4×
7.20×P/S (TTM)9.47×
21.57×P/B1.42×
15.8×EV/EBITDA15.8×
1.61×PEG5.75×
4.1%Dividend yield5.3%
$6.98Dividend per share$3.23
Profitability
31%Net margin19%
45%Operating margin46%
34%Return on equity3%
5%Return on assets2%
Growth
5%Revenue growth (YoY)12%
3.3%Avg. growth/yr (3Y)19.8%
5.8%Avg. growth/yr (5Y)28.4%
Balance & size
9.26×Debt / equity0.68×
$79BMarket cap$56B
healthyGrowth qualityhealthy
Realty Income leads: 6 to 8 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 41Realty Incomeof which business quality 49 · market factors 61
ProfitabilityMargins and returns on capital today
52
28
Quality GrowthAre margins and returns improving?
36
34
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
75
58
Low VolatilityCalm price path (market factor)
73
89
MomentumPrice trend over the last 3–12 months (market factor)
33
46
52W MomentumDistance to the 52-week high (market factor)
19
55
Net IssuanceBuybacks instead of dilution
78
24
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.
Realty Income
DCF Models$80.52
Dividend Discount$55.11
Multiples$19.30
Asset-Based$28.34
Growth DCF$96.75
Economic Profit$29.99
10 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)
Realty Income
Bear $29.82Fair Value $30.71Bull $30.71
$61.89 = 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%
Realty Income · Real Estate
Quality score48 · below median
Fair value upside-50% · 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 Realty Income trades at $61.89 versus $30.71 (-50%).
American Tower has the higher quality score (62/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
