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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 Oct 19, 2026.

As of Oct 19, 2026, Fair Value Calculator sees T-Mobile US as the more attractively valued of the two: At&t trades at $23.44 versus a fair value of $33.69 (+43.7%), while T-Mobile US trades at $159 versus $273 (+71.5%).
At&t
T · USD · Communication Services
+43.7%
upside to fair value
undervalued
Price$23.44
Fair Value$33.69
Quality64/100
T-Mobile US
TMUS · USD · Communication Services
+71.5%
upside to fair value
undervalued
Price$159
Fair Value$273
Quality62/100
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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

At&tT-Mobile US
Valuation
7.7×P/E (TTM)16.3×
11.1×P/E ex one-offs (FY2025)16.4×
9.1×Forward P/E (FY2027)11.4×
n/aMedian P/E at FY-end (10 FY, ex one-offs where documented)27.6×
1.28×P/S (TTM)1.87×
1.47×P/B2.91×
6.1×EV/EBITDA7.2×
1.54×PEG0.57×
+43.7%Fair value upside+71.5%
4.7%Dividend yield2.6%
$1.11Dividend per share$4.08
Profitability
24.8%Operating margin25.2%
1.28×EBIT margin trend (5Y)2.19×
18.3%Return on equity18.0%
5.2%Return on assets5.0%
Growth
2.3%Revenue growth (YoY)7.9%
1.3%Avg. growth/yr (3Y)3.5%
n/aAvg. growth/yr (5Y)5.2%
+15.8%Value creation/yr+29.0%
Balance & size
3.6×Interest coverage (EBIT/interest)5.3×
1.15×Debt / equity1.37×
$163BMarket cap$172B
mixedGrowth qualityhealthy
The P/E excluding one-off items is scored: for at least one of the two companies, special items (write-downs, restructuring, litigation) move the reported P/E by 15 % or more. The trailing P/E is shown for reference.
T-Mobile US, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 9 of the years ex one-offs: 27.6.
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.

T-Mobile US leads: 7 to 8 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.

At&t T-Mobile US
ProfitabilityHow much profit the company makes from its sales and capital
49
45
Quality GrowthAre margins and returns getting better?
69
36
CashflowDo the profits arrive as real cash?
70
83
Financial strengthDebt, balance sheet and risk of trouble
21
25
InvestmentDoes it invest with discipline instead of growing at any price?
64
81
Low VolatilityHow calm the share price moves, does not count
87
79
MomentumPrice trend of the last 3 to 12 months, does not count
40
16
Near the 52-week highDistance to the 52-week high, does not count
35
8
New sharesBuys back shares or issues new ones?
99
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 $23.44T-Mobile USPrice $159
DCF Models+88.3%above the price$44.14+128.9%above the price$364
Earnings-Based−9.4%close to the price$21.23+20.1%above the price$191
Dividend Discount−9.1%close to the price$21.30−50.2%below the price$79.16
Multiples+21.5%above the price$28.49−3.6%close to the price$153
Asset-Based−82.6%below the price$4.09−83.6%below the price$26.03
Growth DCF+87.5%above the price$43.94+196.7%above the price$472
Economic Profit+5.3%close to the price$24.69−9.9%close to the price$143
Growth Earnings+146.0%above the price$57.66+71.5%above the price$273
Minimum−82.6%below the price$4.09−83.6%below the price$26.03
Maximum+146.0%above the price$57.66+196.7%above the price$472
Median+13.4%close to the price$26.59+8.3%close to the price$172
Geometric mean+6.0%close to the price$24.850%close to the price$159

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: 7 of 25 models see the stock below the current price.

T-Mobile US: 8 of 26 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.

At&t
Price $23.44
Fair Value $33.69
Bear $21.00Bull $47.79
T-Mobile US
Price $159
Fair Value $273
Bear $166Bull $355

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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 score64 · above median
Fair value upside+43.7% · above median

T-Mobile US · Communication Services

Quality score62 · above median
Fair value upside+71.5% · Top 25%

Bottom line

As of Oct 19, 2026, Fair Value Calculator sees T-Mobile US as the more attractively valued of the two: At&t trades at $23.44 versus a fair value of $33.69 (+43.7%), while T-Mobile US trades at $159 versus $273 (+71.5%).

At&t has the higher quality score (64/100).

Open T-Mobile US live 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.