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STOCK COMPARISON

At&t vs T-Mobile US: Fair Value & Quality

Both stocks run through our valuation models. Here is how At&t (T) and T-Mobile US (TMUS) compare, as of Sep 4, 2026.

As of Sep 4, 2026, Fair Value Calculator sees At&t as the more attractively valued of the two: At&t trades at $26.19 versus a fair value of $43.97 (+68%), while T-Mobile US trades at $188 versus $173 (-8%).
At&t
T · USD · Communication Services
+68%
upside to fair value
undervalued
Price$26.19
Fair Value$43.97
Quality61/100
T-Mobile US
TMUS · USD · Communication Services
-8%
upside to fair value
fairly valued
Price$188
Fair Value$173
Quality63/100
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Head-to-head numbers

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

At&tT-Mobile US
Valuation
7.1×P/E (TTM)20.4×
1.16×P/S (TTM)2.17×
1.32×P/B3.32×
5.7×EV/EBITDA8.0×
1.47×PEG0.71×
+67.9%Fair value upside−8.2%
4.2%Dividend yield2.1%
$1.11Dividend per share$3.94
Profitability
23%Operating margin24%
1.28×EBIT margin trend (5Y)2.19×
18%Return on equity18%
4%Return on assets6%
Growth
3%Revenue growth (YoY)11%
1.3%Avg. growth/yr (3Y)3.5%
-6.1%Avg. growth/yr (5Y)5.2%
+9.1%Value creation/yr+26.3%
Balance & size
3.6×Interest coverage (EBIT/interest)5.3×
1.15×Debt / equity1.37×
$146BMarket cap$196B
weakGrowth qualityhealthy

T-Mobile US leads: 7 to 9 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.

At&tof which business quality 58 · market factors 56 T-Mobile USof which business quality 59 · market factors 40
ProfitabilityMargins and returns on capital today
49
45
Quality GrowthAre margins and returns improving?
69
36
CashflowEarnings quality: real cash, not paper profit
70
83
Fin. StrengthBalance sheet, leverage, solvency risk
21
25
InvestmentDisciplined investing over empire-building
64
81
Low VolatilityCalm price path (market factor)
89
84
MomentumPrice trend over the last 3–12 months (market factor)
37
26
52W MomentumDistance to the 52-week high (market factor)
50
15
Net IssuanceBuybacks instead of dilution
92
100

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 familyAt&tPrice $26.19T-Mobile USPrice $188
DCF Models+41%above the price$37.01+82%above the price$342
Earnings-Based-34%below the price$17.18+1%close to the price$189
Dividend Discount-31%below the price$18.16-64%below the price$67.00
Multiples+104%above the price$53.55+1%close to the price$190
Asset-Based-59%below the price$10.66-81%below the price$36.65
Growth DCF+12%close to the price$29.37+88%above the price$353
Economic Profit-16%below the price$22.12-40%below the price$113
Growth Earnings+117%above the price$56.86+44%above the price$270
Minimum-59%below the price$10.66-81%below the price$36.65
Maximum+117%above the price$56.86+88%above the price$353
Median-2%close to the price$25.74+1%close to the price$190
Geometric mean+1%close to the price$26.50-18%below the price$155

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

At&t: 6 of 25 models see the stock below the current price.

T-Mobile US: 9 of 26 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.

At&t
Bear $22.74Fair Value $43.97Bull $66.94
$26.19 = current price (white tick)
T-Mobile US
Bear $130Fair Value $173Bull $352
$188 = 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.

At&t · Communication Services

Quality score61 · above median
Fair value upside+68% · Top 25%

T-Mobile US · Communication Services

Quality score63 · Top 25%
Fair value upside-8% · above median

Bottom line

As of Sep 4, 2026, Fair Value Calculator sees At&t as the more attractively valued of the two: At&t trades at $26.19 versus a fair value of $43.97 (+68%), while T-Mobile US trades at $188 versus $173 (-8%).

T-Mobile US has the higher quality score (63/100).

See the full analysis →

More comparisons

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