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American Tower AMT Price / book

Price / book at other companies

Crown Castle logo
Crown CastleCCI
9.7×+3.7×
Equinix, Inc. logo
Equinix, Inc.EQIX
6.7×+1.0×
Digital Realty logo
Digital RealtyDLR
2.3×-0.4×
Realty Income logo
Realty IncomeO
1.5×+0.1×
Prologis logo
PrologisPLD
-0.2×
Welltower logo
WelltowerWELL
3.2×+0.2×

Other financials

Income statement

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Revenue$2.7B+6.8%
Operating income$1.2B-1.2%
Net income$878.5M+76.2%
EPS (diluted)$1.84+76.9%

Balance sheet

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Cash & equivalents$1.6B-23.5%
Total debt$13.9B+34.7%
Total equity$3.5B-0.3%
Total assets$63.2B+1.9%

Cash flow

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Operating cash flow$1.4B+8.2%
CapEx$449.5M+35.8%
Free cash flow$951.1M-1.3%

Valuation

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Market cap$82.02B-20.9%
Enterprise value$94.36B-15.6%
P/E27.3×-28.6×
P/S7.6×-2.6×

Profitability

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Gross margin99.5%
Operating margin44.7%-0.8pp
Net margin27.8%+9.6pp

Returns & leverage

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Return on equity85.3%+36.3pp
Debt / equity+1.0×
Current ratio0.3×-0.3×

Where this comes from

Calculated from American Tower’s reported figures.

Based on the most recent quarter.

The official record: American Tower’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Tower's price / book?
American Tower (AMT) reported price / book of 22.8× in Q1 2026.
How has American Tower's price / book changed year-over-year?
American Tower's price / book decreased by 20.6% year-over-year, from 28.8× to 22.8×.
What is the long-term trend for American Tower's price / book?
Over 5 years (2020 to 2025), American Tower's price / book has grown at a -2.1% compound annual growth rate (CAGR), from 25× to 22.5×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.