Array Digital Infrastructure, Inc (AD) Fair Value & Analysis
Communication Services · US · Market cap $3.0B
Array Digital Infrastructure, Inc
AD · US
Fair value as of: Aug 13, 2026
From 17 valuation models · updated today
Fair value updated Aug 13, 2026, revised from $55.38 to $22.51 (−59.4%) since Jul 20, 2026. Share price +4.5% over the past month.
A solid business, but screening 37% overvalued on our models.
What matters now
- Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range ($15.32 to $38.31) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range $6.51 – $44.05 · fair‑value band $15.32 – $38.31 · the $35.70 price screens above the $22.51 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Array Digital Infrastructure, Inc (AD) currently trades at $35.70, while our model-based Fair Value estimate is $22.51, implying the stock looks roughly 37.0% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Trailing-twelve-month revenue stands at $188M. Revenue grew 92.8% year over year. It earns a return on equity of 10.7%. Net debt stands at $1.6B. Fundamentals as of Aug 13, 2026
Our scenario range runs from $15.32 (bear case) to $38.31 (bull case); at $35.70, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 39% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 30% fair-value upside, at -37%, AD screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 17 models by family
Widest divergence: Dividend Discount ($217.84) versus DCF Models ($18.78). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 49
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Array Digital Infrastructure, Inc. owns and operates shared wireless communications infrastructure in the United States. The company deploys 5G and other wireless technologies through its 4,400 cell towers. It also leases tower space to tenants. In addition, the company offers ancillary services.
Full company description
Array Digital Infrastructure, Inc. owns and operates shared wireless communications infrastructure in the United States. The company deploys 5G and other wireless technologies through its 4,400 cell towers. It also leases tower space to tenants. In addition, the company offers ancillary services. It serves organizations, wireless carriers, government agencies, municipalities, wireless internet service providers, and broadband providers. The company was formerly known as United States Cellular Corporation and changed its name to Array Digital Infrastructure, Inc. in August 2025. The company was incorporated in 1983 and is headquartered in Chicago, Illinois. Array Digital Infrastructure, Inc. is a subsidiary of Telephone and Data Systems, Inc.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Array Digital Infrastructure, Inc reported revenue of $163M in FY2025 versus $4.1B in FY2021, a compound −55.4%/yr. Reported net income was $291M in FY2025, compounding +17.0%/yr from FY2021.
AD screens 37% overvalued. Compare with China Mobile Limited →
Peer Group
Telecom Services · 253 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Telecom Services median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Mobile Limited 600941 | ¥96.11 | ¥109.88 | +14% |
| Bharti Airtel Limited BHARTIARTL | ₹1,945 | ₹941.55 | -52% |
| China Telecom Corporation 601728 | ¥6.43 | ¥8.36 | +30% |
| América Móvil, S.A. AMXB | 23.07 MXN | 30.35 MXN | +32% |
| Vodafone Group VODN | 259.50 MXN | 494.99 MXN | +91% |
| Advanced Info Service Public Company ADVANC | 374.00 THB | 286.77 THB | -23% |
| Chunghwa Telecom Co 2412 | 136.00 TWD | 100.00 TWD | -26% |
| Telefónica, S.A TEFN | 75.67 MXN | 108.96 MXN | +44% |
| TLKM TLKM | 2,590 IDR | 3,898 IDR | +50% |
| PT Indoritel Makmur Internasional Tbk., DNET | 9,500 IDR | 1,503 IDR | -84% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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