American Tower Corporation (AMT) Stock Analysis — Fair Value, Risk & Moat Rating
NYQ · Real Estate · REIT - Specialty
Is American Tower Corporation a safe investment right now?
American Tower Corporation is in the Real Estate sector — Altman Z-Score does not apply to this type of company. Our fair value estimate is $215.45 (Strong Buy Zone).
Why the Altman Z-Score does not apply to American Tower Corporation
The Altman Z-Score is designed for manufacturing and non-financial companies. It uses ratios like Working Capital / Total Assets and Revenue / Total Assets that produce misleading results for Real Estate companies.
- Banks hold massive assets (loans) that inflate Total Assets, making WC/TA nearly zero — a false distress signal
- Utilities carry high regulated debt by design — the model misreads leverage as risk
- REITs use Funds From Operations (FFO), not Free Cash Flow — standard cash flow analysis doesn't apply
Altman Z-Score is designed for manufacturing companies and does not apply to banks, utilities, or REITs.
Note: A sector-specific financial health model for Real Estate companies is planned for a future update.
What is American Tower Corporation actually worth?
How we calculated this
| Input | Value | Source |
|---|---|---|
| Analyst Consensus Target | $215.45 | 22 Wall Street analysts |
| Analyst High / Low | $260.00 / $195.00 | Range of analyst price targets |
| Price / Book | 22.51x | Current market valuation vs book value |
| Return on Equity | 26.3% | Profitability relative to shareholder equity |
Source: Earnings data from SEC EDGAR filings. Market data via Yahoo Finance.
Why standard moat analysis does not apply to American Tower Corporation
Our standard moat model uses ROIC stability, gross margin trends, and switching costs — metrics designed for product and service companies. Real Estate companies compete on fundamentally different dimensions.
- Banks — moat comes from deposit cost advantage, net interest margin stability, and fee income diversification
- Utilities — moat is a regulatory monopoly with guaranteed rate of return on invested capital
- REITs — moat comes from property portfolio quality, location, tenant mix, and cap rate advantages
Standard moat analysis (ROIC/gross margin/switching costs) does not reliably apply to Real Estate companies. Banks compete on net interest margin, utilities on regulated returns, and REITs on occupancy and cap rates.
Note: A sector-specific competitive analysis for Real Estate companies is planned for a future update.
Is American Tower Corporation's dividend safe?
Can American Tower Corporation afford its dividend?
Payout ratio is 125.9%. FCF covers the dividend 0.7x. 16 consecutive years of payments.
American Tower Corporation's key financial metrics
| Metric | Latest | 1Y Ago | 3Y Ago | Trend |
|---|---|---|---|---|
| Revenue | $10.6B | $10.1B | $9.6B | Rising |
| Net Income | $2.5B | $2.3B | $1.8B | Rising |
| Free Cash Flow | $3.8B | $3.7B | $1.8B | Rising |
| Gross Margin | 74.2% | 74.6% | 73.4% | Stable |
Recent events that affect our AMT analysis
AMT earnings report scheduled
Upcoming report. Consensus EPS estimate: $1.57. Revenue estimate: $2.65B. Our current Fair Value: $215.45 — a significant beat or miss could shift this estimate.
AMT analyst consensus: 72% bullish (18 of 25 analysts)
5 Strong Buy, 13 Buy, 7 Hold, 0 Sell, 0 Strong Sell. Consensus target: $215.45 (22.2% upside). Compare with our independent Fair Value: $215.45.
AMT paid $1.7900/share dividend
Dividend Safety Grade: C. Payout ratio: 125.9%.
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT beat EPS estimates by 19.1%
Reported EPS: $1.75 vs estimate $1.47. Earnings strength supports our Fair Value of $215.45 (22.2% above current price).
AMT filed annual report (10-K)
Annual filing with full-year financials. Our Altman Z-Score, Moat, and Fair Value models are derived from this data. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT paid $1.7000/share dividend
Dividend Safety Grade: C. Payout ratio: 125.9%.
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT beat EPS estimates by 10.1%
Reported EPS: $1.82 vs estimate $1.65. Earnings strength supports our Fair Value of $215.45 (22.2% above current price).
AMT filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT paid $1.7000/share dividend
Dividend Safety Grade: C. Payout ratio: 125.9%.
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT missed EPS estimates by 53.0%
Reported EPS: $0.78 vs estimate $1.66. Our Fair Value of $215.45 may face downward pressure if the trend continues.
AMT filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT paid $1.7000/share dividend
Dividend Safety Grade: C. Payout ratio: 125.9%.
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT missed EPS estimates by 33.7%
Reported EPS: $1.04 vs estimate $1.57. Our Fair Value of $215.45 may face downward pressure if the trend continues.
AMT filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT paid $1.7000/share dividend
Dividend Safety Grade: C. Payout ratio: 125.9%.
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed annual report (10-K)
Annual filing with full-year financials. Our Altman Z-Score, Moat, and Fair Value models are derived from this data. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT beat EPS estimates by 32.0%
Reported EPS: $2.62 vs estimate $1.98. Earnings strength supports our Fair Value of $215.45 (22.2% above current price).
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMT filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
Common questions about American Tower Corporation
What is American Tower Corporation stock price today?
American Tower Corporation (AMT) stock price is $176.31 as of the latest market close, traded on the NYSE exchange.
What does American Tower Corporation do?
American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate. The Company's primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a few other industries.
What is American Tower Corporation market cap?
American Tower Corporation has a market capitalization of $82.23B, classifying it as a large-cap stock in the Real Estate sector.
What sector and industry is AMT in?
American Tower Corporation operates in the Real Estate sector, specifically within the REIT - Specialty industry. It trades on the NYSE under the ticker symbol AMT.
Is AMT stock overvalued or undervalued?
Based on our valuation model, American Tower Corporation trades 18.2% below our fair value estimate — potentially undervalued.
- FairValueLabs Fair Value: $215.45
- Current Price: $176.31
- Valuation Zone: Strong Buy Zone
What is AMT stock forecast and analyst target price?
Based on 22 Wall Street analysts, the consensus price target for American Tower Corporation is $215.45, implying upside of 22.2% from the current price.
- Analyst High Target: $260.00
- Analyst Low Target: $195.00
Note: Analyst targets are shown for reference and are not used in our valuation model.
Is American Tower Corporation revenue and earnings growing?
Here are the analyst consensus growth estimates for American Tower Corporation:
- Revenue growth (current year est.): 1.5%
- EPS growth (current year est.): 20.0%
- Revenue growth (next year est.): 3.6%
- EPS growth (next year est.): 7.1%
What are American Tower Corporation's key financial metrics?
| Metric | Latest | Trend |
|---|---|---|
| Revenue | $10.6B | Rising |
| Net Income | $2.5B | Rising |
| Free Cash Flow | $3.8B | Rising |
| Gross Margin | 74.2% | Stable |
What is AMT's P/E ratio?
The price-to-earnings ratio measures how much investors pay per dollar of earnings:
- Trailing P/E (last 12 months): 32.6x
- Forward P/E (next 12 months est.): 25.4x
How volatile is AMT stock?
American Tower Corporation has a beta of 0.93, meaning it is roughly in line with overall market volatility. A beta above 1.0 indicates higher price swings relative to the S&P 500, while below 1.0 suggests more stability.
How much cash and debt does American Tower Corporation have?
American Tower Corporation's balance sheet shows:
- Total Cash: $1.47B
- Total Debt: $44.96B
- Net Cash Position: $-43.49B
A positive net cash position means the company holds more cash than debt, reducing financial risk.
What is American Tower Corporation's free cash flow?
American Tower Corporation generated $4.51B in trailing twelve-month free cash flow (from $5.46B in operating cash flow). Free cash flow represents the cash available for dividends, buybacks, and debt reduction after all capital expenditures.
Does American Tower Corporation pay a dividend, and is it safe?
Yes, American Tower Corporation pays a regular dividend. Here are the key metrics:
- Dividend Yield: 3.9%
- Payout Ratio: 125.9%
- Consecutive Years Paid: 16
- 5-Year Dividend Growth: -19.2%
- FairValueLabs Safety Grade: C
Is American Tower Corporation financially healthy?
The Altman Z-Score — the standard bankruptcy prediction model — is not applicable to Real Estate companies like American Tower Corporation. The formula uses ratios designed for manufacturing firms that produce misleading results for banks, utilities, and REITs.
Does American Tower Corporation have a competitive moat?
Our standard moat model (based on ROIC, gross margins, and switching costs) does not apply to Real Estate companies. These firms compete on fundamentally different dimensions such as regulatory advantages, deposit cost structures, or property portfolios.
What is AMT's return on equity (ROE)?
American Tower Corporation's return on equity is 26.3%. ROE measures how efficiently a company generates profits from shareholder equity. An ROE above 15% is generally considered strong, while below 10% may signal inefficiency.
How do I buy AMT stock?
AMT shares can be purchased through any brokerage account that provides access to the NYSE. Common steps:
- Open an account with a broker (e.g., Fidelity, Schwab, Interactive Brokers)
- Search for ticker symbol AMT
- Place a market or limit order for your desired number of shares
This is not investment advice. Always do your own research before buying any stock.
Is AMT a value stock or speculative?
FairValueLabs classifies American Tower Corporation as Value Investment. It exhibits consistent profitability, reasonable valuation, and financial stability — characteristics of a traditional value investment.
Who is the CEO of American Tower Corporation?
The current CEO of American Tower Corporation is Mr. Steven O. Vondran J.D..
What is AMT's earnings per share (EPS)?
Earnings per share measures the company's profit allocated to each outstanding share:
- Trailing EPS (last 12 months): $5.40
- Forward EPS (next 12 months est.): $6.94
- Analyst consensus EPS (this year): $6.48
- Analyst consensus EPS (next year): $6.94
Other Real Estate companies analyzed by FairValueLabs
FairValueLabs Disclaimer
All valuations, scores, ratings, and classifications on this page are produced by the FairValueLabs internal valuation system. They do not represent actual market value, guaranteed outcomes, or professional investment advice. These are analytical estimates for educational and research purposes only.
This is not financial advice. All data is sourced from SEC EDGAR public filings. Always consult a qualified financial advisor before making investment decisions.
Last updated: Apr 22, 2026. Data sources: SEC EDGAR (financial statements), Yahoo Finance (market data, analyst consensus). Data may not reflect the most recent quarter.
AMT analysis methodology: How we calculate fair value, Z-Scores, and moat ratings