AT&T Inc. (T) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2026
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T Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, AT&T Inc. (T) trades at a price-to-earnings ratio of 8.5x, with a stock price of $25.93 and trailing twelve-month earnings per share of $3.05.
The current P/E is 58% below its 5-year average of 20.2x. Over the past five years, T's P/E has ranged from a low of 5.7x to a high of 185.4x, placing the current valuation at the 25th percentile of its historical range.
Compared to the Communication Services sector median P/E of 15.0x, T trades at a 43% discount to its sector peers. The sector includes 108 companies with P/E ratios ranging from 0.1x to 171.4x.
Relative to the broader market, T trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our T DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
T P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $200B | 11.7 | - | -2% | |
| $210B | 20.0 | 0.67 | +1% | |
| $20B | 4.4Lowest | 0.23Best | +4% | |
| $96B | 4.9 | 0.26 | +30%Best | |
| $4.2T | 38.1 | 2.13 | +23% | |
| $197B | 37.2 | 17.90 | -44% | |
| $77B | 104.0 | - | -52% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
T Historical P/E Data (1990–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $28.96 | $2.97 | 9.8x | -32% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $24.84 | $3.04 | 8.2x | -43% |
| FY2025 Q3 | $28.24 | $3.08 | 9.2x | -36% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $28.94 | $1.76 | 16.5x | +15% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $28.28 | $1.63 | 17.4x | +21% |
| FY2024 Q4 | $22.77 | $1.49 | 15.3x | +6% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $22.00 | $1.23 | 17.9x | +25% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $19.11 | $1.74 | 11.0x | -24% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $17.60 | $1.86 | 9.5x | -34% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $16.78 | $1.96 | 8.6x | -40% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $15.34 | $2.70 | 5.7x | -60% |
| FY2022 Q2 | $20.96 | $2.70 | 7.8x | -46% |
Average P/E for displayed period: 14.4x
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Start ComparisonT — Frequently Asked Questions
Quick answers to the most common questions about buying T stock.
Is T stock overvalued or undervalued?
T trades at 8.5x P/E, below its 5-year average of 20.2x. At the 25th percentile of historical range, the stock is priced at a discount to its own history.
How does T's valuation compare to peers?
AT&T Inc. P/E of 8.5x compares to sector median of 15.0x. The discount suggests lower growth expectations or higher risk.
What is T's PEG ratio?
T PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1990-2026.