AT&T Inc (TBB) Fair Value & Analysis
Communication Services · US · Market cap $133B
AT&T Inc
TBB · US
Fair value as of: Jul 9, 2026
From 23 valuation models · updated 29 days ago
Fair value updated Jul 9, 2026, revised from $32.57 to $38.66 (+18.7%) since Jun 24, 2026. Share price −4.4% over the past month.
A solid business, screening 95% undervalued on our models.
What matters now
- The model range is unusually wide ($19.89 to $64.79). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 9, 2026.
How to read this chart
60‑month range $17.21 – $23.04 · fair‑value band $19.89 – $64.79 · the $19.80 price screens below the $38.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 9, 2026.
Analysis
AT&T Inc (TBB) currently trades at $19.80, while our model-based Fair Value estimate is $38.66, implying the stock looks roughly 95.3% undervalued today. We read business quality at 57/100 (solid quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
It earns a return on equity of 12.1%. Net debt stands at $156B. The stock trades on a trailing P/E of 4.1. Fundamentals as of Jul 9, 2026
Our scenario range runs from $19.89 (bear case) to $64.79 (bull case); at $19.80, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 2% fair-value upside, at 95%, TBB screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 23 models by family
Widest divergence: Growth Earnings ($54.04) versus Asset-Based ($11.06). Highest evidence: Growth DCF (80).
Key figures & financial health
Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 46
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
AT&T Inc. provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International.
Full company description
AT&T Inc. provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers. The Entertainment Group segment provides video entertainment and audio programming channels to approximately 25 million subscribers; broadband and Internet services to 13.5 million residential subscribers; local and long-distance voice services to residential customers, as well as DSL Internet access; and voice services provided over IP-based technology. The Consumer Mobility segment offers postpaid and prepaid wireless voice and data communications services to consumers, and wireless wholesale and resale subscribers; consulting, advertising, and application and co-location services; and sells a variety of handsets, wirelessly enabled computers, and personal computer wireless data cards through company-owned stores, agents, or third-party retail stores, as well as accessories, such as carrying cases, hands-free devices, and other items. The International segment offers digital television services, including local and international digital video entertainment and audio programming under the DIRECTV and SKY brands throughout Latin America. This segment offers postpaid and prepaid wireless services in Mexico to approximately 15 million subscribers under the AT&T and Unefon brands; and sells a range of handsets. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in November 2005. AT&T Inc. was founded in 1983 and is based in Dallas, Texas.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
AT&T Inc reported revenue of $126B in FY2025 versus $134B in FY2021, a compound −1.6%/yr. Reported net income was $21.9B in FY2025, compounding +2.2%/yr from FY2021.
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Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- AT&T (T) Teams Up With Verizon And T Mobile On Glide.id Security
- The Zacks Analyst Blog Highlights SpaceX, Verizon Communications and AT&T
Peer Group
Communication Services · 1200 stocks
How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Integrated Telecommunication Services” was too small, so the broader sector is used.)
Valuation Multiples vs Communication Services median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Integrated Telecommunication Services stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Alphabet Inc GOOGL | $354.46 | $145.14 | -59% |
| Tencent Holdings 0700 | HK$460.20 | HK$467.50 | +2% |
| China Mobile Limited 600941 | ¥89.98 | ¥109.88 | +22% |
| Bharti Airtel Limited BHARTIARTL | ₹1,922 | ₹941.55 | -51% |
| The Walt Disney Company DISN | 12,630 ARS | 17,349 ARS | +37% |
| TLKM TLKM | 2,530 IDR | 3,898 IDR | +54% |
| NAVER Corporation 035420 | 191,300 KRW | 231,585 KRW | +21% |
| PT Indoritel Makmur Internasional Tbk., DNET | 9,750 IDR | 1,505 IDR | -85% |
| SK Telecom Co 017670 | 85,000 KRW | 41,693 KRW | -51% |
| Kakao Corp 035720 | 35,900 KRW | 24,536 KRW | -32% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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