American Tower Corp (AMT) Fair Value & Analysis
Real Estate · US · Market cap $78.8B · ISIN US03027X1000
What is American Tower Corp really worth?
American Tower Corp
AMT · US
A solid business, but trading 36% above our fair value of $130.57.
Strengths
Risks
For context
Fair value as of: Aug 30, 2026
From 16 valuation models · updated 6 days ago
Share price +1.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The model range is unusually wide ($37.93 to $194.71). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.
How to read this chart
60‑month range $141.92 – $259.65 · fair‑value band $37.93 – $194.71 · the $177.75 price screens above the $130.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.
Analysis
American Tower Corp (AMT) currently trades at $177.75, while our model-based Fair Value estimate is $130.57, implying the stock looks roughly 36.1% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Real Estate sector. Bull case: the DCF Models group reads highest at a median of $130.11 per share, and 3 of the 16 models we run sit above the $177.75 price. Bear case: the Economic Profit group reads lowest at $33.69, and 13 of the 16 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, American Tower Corp generated revenue of $10.8B at a net margin of 26.8%. Revenue grew 6.8% year over year. It earns a return on equity of 30.0%. Net debt stands at $43.5B. Fundamentals as of Aug 30, 2026
Our scenario range runs from $37.93 (bear case) to $194.71 (bull case); at $177.75, 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 21% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −53% fair-value upside, at −27%, AMT screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 16 models by family
Widest divergence: DCF Models ($130.11) versus Asset-Based ($5.25). Highest evidence: FCF DCF (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 44
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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.
Full company description
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. The Company refers to this business, inclusive of its data center business discussed below, as its property operations. Additionally, the Company offers tower-related services in the United States, which the Company refers to as its services operations. These services include site application, zoning and permitting, structural and mount analyses, and construction management services, together with program management offerings that support customer deployment needs from project scoping through construction. The Company's services operations primarily support the Company's site leasing business, including through the addition of new tenants and equipment on its sites. The Company's customers include its tenants, licensees and other payers. American Tower Corporation was incorporated in 1995 in Delaware and is based in Massachusetts, Boston.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
American Tower Corp reported revenue of $10.6B in FY2025 versus $9.4B in FY2021, a compound +3.3%/yr. Reported net income was $2.5B in FY2025, compounding −0.4%/yr from FY2021.
of which total revenue +8.6 % · buybacks/dilution −1.3 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
AMT screens 36% overvalued. Compare with Equinix, Inc →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- American Tower (AMT) Down 2% Since Last Earnings Report: Can It Rebound?
- HST vs. AMT: Which Stock Is the Better Value Option?
Peer Group
REIT - Specialty · 31 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 REIT - Specialty median · lower = cheaper
Strength profile in five axes (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.
Insider activity: 66/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more REIT - Specialty stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Equinix, Inc EQIX | $1,044 | $199.31 | −81% |
| Digital Realty Trust, Inc DLR | $185.47 | $60.12 | −68% |
| Iron Mountain Incorporated IRM | $117.40 | $40.40 | −66% |
| Crown Castle Inc CCI | $74.03 | $37.67 | −49% |
| SBA Communications Corporation SBAC | $190.95 | $143.83 | −25% |
| Weyerhaeuser Company WY | $23.38 | $8.42 | −64% |
| Lamar Advertising Company LAMR | $151.72 | $114.66 | −24% |
| Gaming and Leisure Properties, Inc GLPI | $42.08 | $36.60 | −13% |
| Rayonier Inc RYN | $21.25 | $9.96 | −53% |
| OUTFRONT Media Inc OUT | $30.03 | $13.07 | −56% |
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