Price to Book Value (P/BV)
since 2005
Calculation
AT&T Inc., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Stockholders’ equity attributable to AT&T1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 23, 2024 | 1.16 | = | 16.80 | ÷ | 14.44 | 14.44 | = | 103,297 | ÷ | 7,152,792,253 | |
| Feb 13, 2023 | 1.41 | = | 19.26 | ÷ | 13.67 | 13.67 | = | 97,500 | ÷ | 7,129,870,323 | |
| Feb 16, 2022 | 1.03 | = | 23.94 | ÷ | 23.29 | 23.29 | = | 166,332 | ÷ | 7,142,892,741 | |
| Feb 25, 2021 | 1.26 | = | 28.63 | ÷ | 22.67 | 22.67 | = | 161,673 | ÷ | 7,131,763,496 | |
| Feb 20, 2020 | 1.50 | = | 38.61 | ÷ | 25.68 | 25.68 | = | 184,221 | ÷ | 7,172,884,070 | |
| Feb 20, 2019 | 1.22 | = | 30.85 | ÷ | 25.27 | 25.27 | = | 184,089 | ÷ | 7,284,589,883 | |
| Feb 20, 2018 | 1.60 | = | 36.77 | ÷ | 22.94 | 22.94 | = | 140,861 | ÷ | 6,141,532,706 | |
| Feb 17, 2017 | 2.07 | = | 41.48 | ÷ | 20.05 | 20.05 | = | 123,135 | ÷ | 6,141,570,142 | |
| Feb 18, 2016 | 1.85 | = | 36.99 | ÷ | 19.94 | 19.94 | = | 122,671 | ÷ | 6,151,208,898 | |
| Feb 20, 2015 | 2.05 | = | 34.08 | ÷ | 16.64 | 16.64 | = | 86,370 | ÷ | 5,190,167,853 | |
| Feb 21, 2014 | 1.88 | = | 32.80 | ÷ | 17.47 | 17.47 | = | 90,988 | ÷ | 5,206,849,490 | |
| Feb 22, 2013 | 2.12 | = | 35.68 | ÷ | 16.82 | 16.82 | = | 92,362 | ÷ | 5,491,609,489 | |
| Feb 24, 2012 | 1.70 | = | 30.34 | ÷ | 17.80 | 17.80 | = | 105,534 | ÷ | 5,928,751,656 | |
| Mar 1, 2011 | 1.49 | = | 28.08 | ÷ | 18.89 | 18.89 | = | 111,647 | ÷ | 5,911,433,420 | |
| Feb 25, 2010 | 1.43 | = | 24.77 | ÷ | 17.27 | 17.27 | = | 101,900 | ÷ | 5,902,074,438 | |
| Feb 25, 2009 | 1.45 | = | 23.71 | ÷ | 16.35 | 16.35 | = | 96,347 | ÷ | 5,893,307,211 | |
| Feb 27, 2008 | 1.84 | = | 35.20 | ÷ | 19.11 | 19.11 | = | 115,367 | ÷ | 6,035,725,446 | |
| Feb 26, 2007 | 2.03 | = | 37.50 | ÷ | 18.50 | 18.50 | = | 115,540 | ÷ | 6,244,142,361 | |
| Mar 1, 2006 | 1.99 | = | 28.09 | ÷ | 14.10 | 14.10 | = | 54,690 | ÷ | 3,879,759,768 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of AT&T Inc. Annual Report.
Comparison to Competitors
AT&T Inc., P/BV, long-term trends, comparison to competitors
| AT&T Inc. | T-Mobile US Inc. | Verizon Communications Inc. | |
|---|---|---|---|
| Feb 23, 2024 | 1.16 | 2.97 | 1.81 |
| Feb 13, 2023 | 1.41 | 2.58 | 1.84 |
| Feb 16, 2022 | 1.03 | 2.25 | 2.74 |
| Feb 25, 2021 | 1.26 | 2.27 | 3.45 |
| Feb 20, 2020 | 1.50 | 2.46 | 3.92 |
| Feb 20, 2019 | 1.22 | 2.35 | 4.29 |
| Feb 20, 2018 | 1.60 | 2.23 | 4.57 |
| Feb 17, 2017 | 2.07 | 2.79 | 8.95 |
| Feb 18, 2016 | 1.85 | 1.82 | 12.56 |
| Feb 20, 2015 | 2.05 | 1.64 | 16.48 |
| Feb 21, 2014 | 1.88 | 1.72 | 5.06 |
| Feb 22, 2013 | 2.12 | — | 3.98 |
| Feb 24, 2012 | 1.70 | — | 3.01 |
| Mar 1, 2011 | 1.49 | — | 2.71 |
| Feb 25, 2010 | 1.43 | — | 1.97 |
| Feb 25, 2009 | 1.45 | — | 1.95 |
| Feb 27, 2008 | 1.84 | — | 2.11 |
| Feb 26, 2007 | 2.03 | — | 2.22 |
| Mar 1, 2006 | 1.99 | — | 2.54 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Telecommunication Services)
AT&T Inc., P/BV, long-term trends, comparison to sector (telecommunication services)
| AT&T Inc. | Telecommunication Services | |
|---|---|---|
| Feb 23, 2024 | 1.16 | 1.84 |
| Feb 13, 2023 | 1.41 | 1.88 |
| Feb 16, 2022 | 1.03 | 1.73 |
| Feb 25, 2021 | 1.26 | 1.99 |
| Feb 20, 2020 | 1.50 | 2.14 |
| Feb 20, 2019 | 1.22 | 1.95 |
| Feb 20, 2018 | 1.60 | 2.29 |
| Feb 17, 2017 | 2.07 | 3.09 |
| Feb 18, 2016 | 1.85 | 2.98 |
| Feb 20, 2015 | 2.05 | 3.54 |
| Feb 21, 2014 | 1.88 | 2.72 |
| Feb 22, 2013 | 2.12 | 2.61 |
| Feb 24, 2012 | 1.70 | 2.04 |
| Mar 1, 2011 | 1.49 | 1.80 |
| Feb 25, 2010 | 1.43 | 1.59 |
| Feb 25, 2009 | 1.45 | 1.60 |
| Feb 27, 2008 | 1.84 | 1.92 |
| Feb 26, 2007 | 2.03 | 2.09 |
| Mar 1, 2006 | 1.99 | 2.22 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Communication Services)
AT&T Inc., P/BV, long-term trends, comparison to industry (communication services)
| AT&T Inc. | Communication Services | |
|---|---|---|
| Feb 23, 2024 | 1.16 | 4.51 |
| Feb 13, 2023 | 1.41 | 3.38 |
| Feb 16, 2022 | 1.03 | 4.28 |
| Feb 25, 2021 | 1.26 | 4.19 |
| Feb 20, 2020 | 1.50 | 3.70 |
| Feb 20, 2019 | 1.22 | 3.48 |
| Feb 20, 2018 | 1.60 | 4.14 |
| Feb 17, 2017 | 2.07 | 3.97 |
| Feb 18, 2016 | 1.85 | 3.88 |
| Feb 20, 2015 | 2.05 | 3.70 |
| Feb 21, 2014 | 1.88 | 3.60 |
| Feb 22, 2013 | 2.12 | 2.84 |
| Feb 24, 2012 | 1.70 | 2.18 |
| Mar 1, 2011 | 1.49 | 2.24 |
| Feb 25, 2010 | 1.43 | 1.97 |
| Feb 25, 2009 | 1.45 | 1.70 |
| Feb 27, 2008 | 1.84 | 2.33 |
| Feb 26, 2007 | 2.03 | 2.49 |
| Mar 1, 2006 | 1.99 | 2.45 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).