AMT P/B: current value, 10-year range and year-by-year history
Cash & Leverage
AMT's p/b is lower than 65% of the last 10 years.
P/B History
AMT P/B by year
Yearly range of AMT’s p/b from 2016 to 2026. Over the full period it ranged from 5.5 to 26.7, averaging 11.4.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 7.4 | 8.0 | 8.8 | 8.1 |
| 2025 | 7.5 | 9.2 | 10.8 | 8.0 |
| 2024 | 7.5 | 9.1 | 10.9 | 8.9 |
| 2023 | 6.2 | 7.6 | 9.0 | 9.0 |
| 2022 | 7.0 | 10.9 | 14.4 | 8.0 |
| 2021 | 12.1 | 19.2 | 26.7 | 14.7 |
| 2020 | 12.1 | 21.6 | 26.3 | 21.0 |
| 2019 | 10.1 | 13.8 | 16.2 | 15.6 |
| 2018 | 7.2 | 8.6 | 10.8 | 10.2 |
| 2017 | 5.5 | 6.8 | 8.0 | 7.5 |
| 2016 | 5.5 | 5.9 | 6.4 | 5.8 |
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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.
Price / Book Value Per ShareMost useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.
- Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
- Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.
Is AMT P/B High or Low Right Now?
American Tower Corporation's P/B is currently 8.1, which is below average relative to its 10-year historical range. The 10-year median P/B for AMT is approximately 9.3. See all AMT valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.