Is NetEase or AT&T more undervalued?

As of Oct 30, 2026, NetEase is at +125.2% to fair value and AT&T at +60.1%. NetEase is the more undervalued of the two. Model-based estimate, not financial advice.

Which has higher quality, NetEase or AT&T?

NetEase has a quality score of 80/100 and AT&T 63/100. NetEase leads on quality.

STOCK COMPARISON

NetEase vs AT&T: Fair Value & Quality

Both stocks run through our valuation models. Here is how NetEase (NTES) and AT&T (T) compare, as of Oct 30, 2026.

As of Oct 30, 2026, Fair Value Calculator sees NetEase as the more attractively valued of the two: NetEase trades at $114 versus a fair value of $256 (+125.2%), while AT&T trades at $21.41 versus $34.27 (+60.1%).

NetEase

NTES · USD · Communication Services

+125.2%

upside to fair value

undervalued

Price$114

Fair Value$256

Quality80/100

Fair ValueQualityUptrend

AT&T

T · USD · Communication Services

+60.1%

upside to fair value

undervalued

Price$21.41

Fair Value$34.27

Quality63/100

Meets all rules

Get comparisons like this free by email every month: the most undervalued quality stocks.

Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

NetEaseAT&T

Valuation

15.8×P/E (TTM)11.4×

15.8×P/E ex one-offs (FY2025)10.1×

10.5×Forward P/E (FY2027)8.3×

17.6×Median P/E at FY-end (6 FY, reported earnings)n/a

4.57×P/S (TTM)1.15×

3.32×P/B1.35×

11.1×EV/EBITDA5.6×

1.16×PEG1.23×

+125.2%Fair value upside+60.1%

2.7%Dividend yield5.2%

$3.04Dividend per share$1.11

Profitability

40.2%Operating margin24.7%

1.61×EBIT margin trend (5Y)1.28×

20.4%Return on equity11.6%

15.2%Return on assets5.2%

Growth

7.9%Revenue growth (YoY)5.3%

5.3%Avg. growth/yr (3Y)1.3%

8.9%Avg. growth/yr (5Y)n/a

+18.6%Value creation/yr+16.3%

Balance & size

16.7×Interest coverage (EBIT/interest)3.6×

0.00×Debt / equity1.15×

$80BMarket cap$149B

healthyGrowth qualitymixed

The P/E excluding one-off items is scored. For NetEase no documented adjusted P/E is available, so its reported P/E is shown there. The trailing P/E is shown for reference.

NetEase, median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings: 17.6.

Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

NetEase leads: 10 to 5 metric wins.

n/a = 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.

NetEase AT&T

ProfitabilityHow much profit the company makes from its sales and capital

Quality GrowthAre margins and returns getting better?

CashflowDo the profits arrive as real cash?

Financial strengthDebt, balance sheet and risk of trouble

InvestmentDoes it invest with discipline instead of growing at any price?

Low VolatilityHow calm the share price moves, does not count

Price momentumPrice momentum of the last 3 to 12 months, does not count

Near the 52-week highDistance to the 52-week high, does not count

New sharesBuys back shares or issues new ones?

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model family	NetEasePrice $114	AT&TPrice $21.41
DCF Models	+176.2%above the price$314	+109.7%above the price$44.89
Earnings-Based	+71.3%above the price$195	+0.9%close to the price$21.60
Dividend Discount	−48.6%below the price$58.40	+1.2%close to the price$21.67
Multiples	+7.6%close to the price$122	+35.4%above the price$28.98
Asset-Based	−75.3%below the price$28.07	−80.6%below the price$4.16
Growth DCF	+151.5%above the price$286	+108.8%above the price$44.70
Economic Profit	−5.1%close to the price$108	+17.3%above the price$25.11
Growth Earnings	+125.2%above the price$256	+173.9%above the price$58.65
Matching families	8 of 8
Minimum	−75.3%below the price$28.07	−80.6%below the price$4.16
Maximum	+176.2%above the price$314	+173.9%above the price$58.65
Median	+39.5%above the price$159	+26.3%above the price$27.04
Geometric mean	+16.8%above the price$133	+18.1%above the price$25.28
Ahead family by family	4 of 8	4 of 8

Minimum, maximum, median and geometric mean only use the families both stocks have (matching families: 8 of 8), so a family without a value on one side does not distort the comparison. Ahead in a family is the stock whose fair value there sits higher relative to its price. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Family by family: NetEase is ahead in 4 of 8 shared families, AT&T in 4.

NetEase: 7 of 26 models see the stock below the current price.

AT&T: 3 of 25 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

NetEase

Price $114

Fair Value $256

Bear $155Bull $333

AT&T

Price $21.41

Fair Value $34.27

Bear $21.36Bull $48.61

Compare two other stocks

Tap a field and type again, ticker or company name.

First stock

Second stock

Free, no sign-up

Ranked within their sector

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

NetEase · Communication Services

Quality score80 · Top 25%

Fair value upside+125.2% · Top 25%

AT&T · Communication Services

Quality score63 · above median

Fair value upside+60.1% · above median

Bottom line

NetEase has the higher quality score (80/100).

Open NetEase live analysis →

NetEase · AT&T

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.