Stock Analysis on Net

AT&T Inc. (NYSE:T)

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

AT&T Inc., current enterprise value calculation

Microsoft Excel
Current share price (P) $28.28
No. shares of common stock outstanding 7,178,183,000
US$ in millions
Common equity (market value)1 202,999
Add: Preferred stock, $1 par value (per books)
Add: Noncontrolling interest (per books) 13,873
Total equity 216,872
Add: Debt maturing within one year (per books) 5,089
Add: Long-term debt, excluding maturing within one year (per books) 118,443
Total equity and debt 340,404
Less: Cash and cash equivalents 3,298
Enterprise value (EV) 337,106

Based on: 10-K (reporting date: 2024-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 28.28 × 7,178,183,000


Historical Enterprise Value (EV)

AT&T Inc., EV calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Share price1, 2 $25.36 $16.80 $19.26 $23.94 $28.63
No. shares of common stock outstanding1 7,178,183,000 7,152,792,253 7,129,870,323 7,142,892,741 7,131,763,496
US$ in millions
Common equity (market value)3 182,039 120,167 137,321 171,001 204,182
Add: Preferred stock, $1 par value (book value)
Add: Noncontrolling interest (book value) 13,873 14,145 8,957 17,523 17,567
Total equity 195,912 134,312 146,278 188,524 221,749
Add: Debt maturing within one year (book value) 5,089 9,477 7,467 24,630 3,470
Add: Long-term debt, excluding maturing within one year (book value) 118,443 127,854 128,423 152,724 153,775
Total equity and debt 319,444 271,643 282,168 365,878 378,994
Less: Cash and cash equivalents 3,298 6,722 3,701 21,169 9,740
Enterprise value (EV) 316,146 264,921 278,467 344,709 369,254

Based on: 10-K (reporting date: 2024-12-31), 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).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of AT&T Inc. Annual Report.

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 25.36 × 7,178,183,000

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. AT&T Inc. EV decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.