AT&T Inc. (T)

DCF Valuation · Communication Services · Telecom Services

Valuation as at 2026-08-04 · refreshed with the S&P 500 Most Undervalued screen

About AT&T Inc.

AT&T Inc. provides telecommunications and technology services worldwide. It operates through two segments, Communications and Latin America.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

AT&T Inc. T

Communication Services · Telecom Services

Price
$23.59
Market Cap
$161.65B
Free Cash Flow
$10.14B
Beta
0.42
P/E (TTM)
7.8x
52-Week Range
$19.89–$29.79

T's price & financial trends

Quarterly reporting periods — the most granular consistent series Yahoo provides for this market.

Data refreshed 2026-08-04

Share price · last 2 years

$23.25 +17% vs first period
S&P 500 $19.90$22.77$27.70$29.29$24.84$26.13$23.25 2024-082024-122025-042025-082025-122026-042026-07

Earnings per share (diluted)

$0.66 +6% vs first period
$0.62$1.29$0.53$0.54$0.66Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Free cash flow

$5.17B +6% vs first period
$4.87B$5.26B$4.54B$2.68B$5.17BQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Dividend per share

$0.28 +0% vs first period
$0.28$0.28$0.28$0.28$0.28Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Intrinsic value estimate · 5-year forecast

BEAR
$16.88
vs current $23.59
-28.5% ❌ Overvalued
BASE
$35.58
vs current $23.59
+50.8% ✅ Undervalued
BULL
$75.25
vs current $23.59
+219.0% ✅ Undervalued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Risk-free rate
4.75% ● LIVE
Live 10-yr govt bond
Beta
0.42
Direct from Yahoo
Equity risk premium
5.50%
Market-specific seed
Cost of debt
5.00%
Estimated (no debt/interest data)
Tax rate
25.00%
Estimated default
Capital structure
E 49% / D 51%
Market cap vs total debt
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
5-yr FCF growth2.1%4.3%6.4%
Terminal growth2.5%2.5%2.5%
WACC (discount rate)6.37%5.37%4.37%

Cost of Equity = Risk-free rate + Beta × Equity Risk Premium = 4.75% + 0.42 × 5.50% = 7.04% · WACC = weighted by 49%/51% capital structure

These numbers come from running AT&T Inc.'s cash flows through the mechanical DCF formula and assumptions above — not from any view on the news, management, or T's competitive position. What is DCF?

Want to test your own growth or discount-rate assumptions?Open the full interactive calculator, pre-filled with T →

More S&P 500 Most Undervalued stocks

Not financial advice. DCF valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Refreshed on the same cycle as the S&P 500 Most Undervalued screen. Change any assumption yourself in the full interactive tool.

Frequently asked questions

Is T undervalued?

The Base-case DCF estimates intrinsic value at $35.58 vs a current price of $23.59 — a +50.8% margin, so the Base case reads undervalued. This is a mechanical output, not advice.