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AT&T (FRA:SOBA) Shiller PE Ratio : 7.93 (As of Apr. 29, 2024)


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What is AT&T Shiller PE Ratio?

As of today (2024-04-29), AT&T's current share price is €15.776. AT&T's E10 for the quarter that ended in Mar. 2024 was €1.99. AT&T's Shiller PE Ratio for today is 7.93.

The historical rank and industry rank for AT&T's Shiller PE Ratio or its related term are showing as below:

FRA:SOBA' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.75   Med: 10.6   Max: 14.71
Current: 7.79

During the past years, AT&T's highest Shiller PE Ratio was 14.71. The lowest was 5.75. And the median was 10.60.

FRA:SOBA's Shiller PE Ratio is ranked better than
81.11% of 217 companies
in the Telecommunication Services industry
Industry Median: 14.4 vs FRA:SOBA: 7.79

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

AT&T's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.432. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €1.99 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AT&T Shiller PE Ratio Historical Data

The historical data trend for AT&T's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AT&T Shiller PE Ratio Chart

AT&T Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.48 10.18 7.49 7.78 7.64

AT&T Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.10 6.73 6.40 7.64 8.18

Competitive Comparison of AT&T's Shiller PE Ratio

For the Telecom Services subindustry, AT&T's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AT&T's Shiller PE Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, AT&T's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where AT&T's Shiller PE Ratio falls into.



AT&T Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

AT&T's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=15.776/1.99
=7.93

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

AT&T's E10 for the quarter that ended in Mar. 2024 is calculated as:

For example, AT&T's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.432/129.4194*129.4194
=0.432

Current CPI (Mar. 2024) = 129.4194.

AT&T Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 0.500 100.560 0.643
201409 0.466 100.428 0.601
201412 -0.624 99.070 -0.815
201503 0.582 99.621 0.756
201506 0.526 100.684 0.676
201509 0.445 100.392 0.574
201512 0.597 99.792 0.774
201603 0.548 100.470 0.706
201606 0.490 101.688 0.624
201609 0.481 101.861 0.611
201612 0.370 101.863 0.470
201703 0.524 102.862 0.659
201706 0.561 103.349 0.703
201709 0.411 104.136 0.511
201712 2.603 104.011 3.239
201803 0.608 105.290 0.747
201806 0.693 106.317 0.844
201809 0.557 106.507 0.677
201812 0.580 105.998 0.708
201903 0.496 107.251 0.599
201906 0.451 108.070 0.540
201909 0.454 108.329 0.542
201912 0.297 108.420 0.355
202003 0.570 108.902 0.677
202006 0.151 108.767 0.180
202009 0.331 109.815 0.390
202012 -1.603 109.897 -1.888
202103 0.857 111.754 0.992
202106 0.174 114.631 0.196
202109 0.680 115.734 0.760
202112 0.611 117.630 0.672
202203 0.590 121.301 0.629
202206 0.530 125.017 0.549
202209 0.808 125.227 0.835
202212 -3.021 125.222 -3.122
202303 0.532 127.348 0.541
202306 0.563 128.729 0.566
202309 0.450 129.860 0.448
202312 0.275 129.419 0.275
202403 0.432 129.419 0.432

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


AT&T  (FRA:SOBA) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


AT&T Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of AT&T's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


AT&T (FRA:SOBA) Business Description

Address
208 S. Akard Street, Dallas, TX, USA, 75202
The wireless business contributes about two thirds of AT&T's revenue following the spinoff of Warner Media. The firm is the third-largest U.S. wireless carrier, connecting 70 million postpaid and 18 million prepaid phone customers. Fixed-line enterprise services, which account for about 18% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access service. AT&T also has a sizable presence in Mexico, serving 22 million customers, but this business only accounts for 3% of revenue. The firm still holds a 70% equity stake in satellite television provider DirecTV but does not consolidate this business in its financial statements.

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