T
AT&T Inc.
T · Telecommunications
Company brief
T
TTelecommunications$108B

AT&T Inc.

Leading telecommunications and media company providing wireless, broadband, and entertainment services to millions of customers across enterprise and consumer segments

Moat score
78/100
13F status
Tracking pending
Main Metrics

Beginner valuation check

Price
$25.11
Next earnings
Data pending

Data pending from FMP or Finnhub.

1Y Performance
-12%

Negative price performance shows recent market sentiment, not a full investment thesis.

Forward P/E
10.9x

Forward P/E around 10.9x means investors pay about $10.9 for each expected $1 of future profit per share, usually the next 12 months or next fiscal year. It is a forecast, not a fact.

P/E
7.8x

A P/E around 7.8x means investors pay about $7.8 for each $1 the company earned per share over the last 12 months, usually the last four quarterly reports.

EPS
$3
Market Cap
$167B
Forward P/E is the cleanest beginner valuation anchor here; compare it with growth and recent performance.

Source: market data index. As of May 21, 2026. P/E can be unavailable or misleading when earnings are negative.

Scenario Framework

Bull / Neutral / Bear

Neutral Case

AT&T continues to be viewed as a cash-flow business anchored by mobility, with valuation mostly tracking whether growth and customer retention stay steady.

Watch signal

Forward P/E around 10.9x stays in line with modest growth.

What you own

AT&T Inc. is exposure to telecommunications operating model with high switching costs and 108% net revenue retention.

Base thesis

$150B+ physical network infrastructure creates massive barriers to entry

Main risk

The main question is whether the company can keep customer value compounding without margin pressure eroding the moat.

How to inspect it

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Simulator coverage pending

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Investor Snapshot
78Moat Score
Net Revenue Retention108%
Retention RiskLow
AI Disruption RiskMedium
Switching CostsHigh
13F Ownership
Tracking pending

No SEC-backed 13F rows are matched for this ticker yet. We do not fabricate ownership rows.

Investment Thesis
  • $150B+ physical network infrastructure creates massive barriers to entry
  • FCC spectrum licenses worth $100B+ are finite government-regulated assets
  • Enterprise customers locked into 3-7 year contracts with early termination penalties
  • Network effects: larger subscriber base = better coverage economics
  • Regulatory moat: telecom industry heavily regulated, limiting new entrants
  • FirstNet exclusive government contract for first responders worth $40B+