AMT has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
AMT has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
As of today (2024-04-27), American Tower's current share price is $171.69. American Tower's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $15.04. American Tower's Cyclically Adjusted PB Ratio for today is 11.42.
The historical rank and industry rank for American Tower's Cyclically Adjusted PB Ratio or its related term are showing as below:
During the past years, American Tower's highest Cyclically Adjusted PB Ratio was 22.83. The lowest was 7.30. And the median was 12.45.
AMT's Cyclically Adjusted PB Ratio is ranked worse thanThe Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
American Tower's adjusted book value per share data for the three months ended in Dec. 2023 was $9.003. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $15.04 for the trailing ten years ended in Dec. 2023.
The historical data trend for American Tower's Cyclically Adjusted PB 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.
American Tower Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cyclically Adjusted PB Ratio | Get a 7-Day Free Trial | 14.42 | 13.69 | 12.86 | 10.85 | 14.35 |
For the REIT - Specialty subindustry, American Tower's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.
For the REITs industry and Real Estate sector, American Tower's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where American Tower's Cyclically Adjusted PB Ratio falls into.
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
American Tower's Cyclically Adjusted PB Ratio for today is calculated as
Cyclically Adjusted PB Ratio | = | Share Price | / | Cyclically Adjusted Book per Share |
= | 171.69 | / | 15.04 | |
= | 11.42 |
* 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.
American Tower's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:
For example, American Tower's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:
Adj_Book | = | Book Value per Share | / | CPI of Dec. 2023 (Change) | * | Current CPI (Dec. 2023) |
= | 9.003 | / | 129.4194 | * | 129.4194 | |
= | 9.003 |
Current CPI (Dec. 2023) = 129.4194.
American Tower Quarterly Data
Book Value per Share | CPI | Adj_Book | |
201403 | 9.279 | 99.695 | 12.046 |
201406 | 11.127 | 100.560 | 14.320 |
201409 | 10.582 | 100.428 | 13.637 |
201412 | 9.966 | 99.070 | 13.019 |
201503 | 17.377 | 99.621 | 22.575 |
201506 | 17.272 | 100.684 | 22.201 |
201509 | 15.627 | 100.392 | 20.146 |
201512 | 15.692 | 99.792 | 20.351 |
201603 | 16.330 | 100.470 | 21.035 |
201606 | 15.928 | 101.688 | 20.272 |
201609 | 15.759 | 101.861 | 20.023 |
201612 | 15.833 | 101.863 | 20.116 |
201703 | 16.076 | 102.862 | 20.227 |
201706 | 15.105 | 103.349 | 18.915 |
201709 | 15.185 | 104.136 | 18.872 |
201712 | 14.555 | 104.011 | 18.111 |
201803 | 14.344 | 105.290 | 17.631 |
201806 | 12.581 | 106.317 | 15.315 |
201809 | 12.139 | 106.507 | 14.750 |
201812 | 12.098 | 105.998 | 14.771 |
201903 | 12.098 | 107.251 | 14.599 |
201906 | 12.382 | 108.070 | 14.828 |
201909 | 11.834 | 108.329 | 14.138 |
201912 | 11.415 | 108.420 | 13.626 |
202003 | 8.198 | 108.902 | 9.743 |
202006 | 8.162 | 108.767 | 9.712 |
202009 | 8.401 | 109.815 | 9.901 |
202012 | 9.213 | 109.897 | 10.850 |
202103 | 8.731 | 111.754 | 10.111 |
202106 | 12.646 | 114.631 | 14.277 |
202109 | 11.882 | 115.734 | 13.287 |
202112 | 11.149 | 117.630 | 12.266 |
202203 | 11.754 | 121.301 | 12.541 |
202206 | 14.946 | 125.017 | 15.472 |
202209 | 13.492 | 125.227 | 13.944 |
202212 | 11.968 | 125.222 | 12.369 |
202303 | 11.601 | 127.348 | 11.790 |
202306 | 11.084 | 128.729 | 11.143 |
202309 | 9.725 | 129.860 | 9.692 |
202312 | 9.003 | 129.419 | 9.003 |
Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.
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.
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
Thank you for viewing the detailed overview of American Tower's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Joann A Reed | director | C/O AMERICAN TOWER CORP, 116 HUNTINGTON AVENUE, BOSTON MA 02116 |
Eugene M Noel | officer: EVP & President, U.S. Tower | 116 HUNTINGTON AVENUE, BOSTON MA 02116 |
Robert D Hormats | director | 85 BROAD STREET, NEW YORK NY 10004 |
Rodney M Smith | officer: EVP, CFO & Treasurer | 116 HUNTINGTON AVENUE, BOSTON MA 02116 |
Raymond P Dolan | director | 108 GOVERNOR DRIVE, BASKING RIDGE NJ 00924 |
Samme L Thompson | director | C/O TELIT ASSOCIATES, INC., 333 NORTH MICHIGAN AVENUE, CHICAGO IL 60601 |
Sanjay Goel | officer: EVP & President, Asia-Pacific | 116 HUNTINGTON AVENUE, BOSTON MA 02116 |
Ruth T Dowling | officer: EVP, Chief Admin Ofr, GC & Sec | 116 HUNTINGTON AVENUE, BOSTON MA 02116 |
Reeve Pamela D A | director | C/O AMERICAN TOWER CORPORATION, 116 HUNTINGTON AVE, BOSTON MA 02116 |
Meyer Robert Joseph Jr | officer: SVP & Chief Accounting Officer | 61 SCHOOL STREET, ARLINGTON MA 02476 |
Edmund Disanto | officer: EVP, Chief Admin Ofr, GC & Sec | C/O AMERICAN TOWER CORPORATION, 116 HUNTINGTON AVENUE, 11TH FLOOR, BOSTON MA 02116 |
Bruce L Tanner | director | 214 N TRYON STREET, CHARLOTTE NC 28202 |
Kelly C Chambliss | director | C/O CORESITE REALTY CORPORATION, 1001 17TH STREET, SUITE 500, DENVER CO 80202 |
Teresa Hillary Clarke | director | 2850 GOLF ROAD, ROLLING MEADOWS IL 60008 |
David E Sharbutt | director | 116 HUNTINGTON AVENUE, BOSTON MA 02116 |
From GuruFocus
By GuruFocus Research • 01-22-2024
By GuruFocus Research • 01-22-2024
By GuruFocus Research • 01-22-2024
By GuruFocus Research • 01-22-2024
By GuruFocus Research • 01-22-2024
By GuruFocus Research • 01-22-2024
By GuruFocus Research • 01-22-2024
By GuruFocus Research • 01-22-2024
By GuruFocus Research • 01-22-2024
By GuruFocus Research • 01-22-2024