American Tower (AMT) Price to Book (2009 - 2026)
American Tower's (AMT) Price to Book stood at 7.43 in Q2 2026, down 24.7% from 9.88 a year earlier and down 6.2% from the prior quarter.
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Analysis
American Tower (AMT) Price to Book (2009 - 2026) Analysis & Trends
For FY2025, American Tower's Price to Book came in at 7.91, down 11.0% from FY2024.
- Across earlier years, Price to Book came in at 8.88 in FY2024 (-4.1%), 9.26 in FY2023 (+16.5%), 7.95 in FY2022 (-45.9%) and 14.70 in FY2021 (-32.7%).
- The Q2 2026 figure is the lowest quarterly Price to Book since Q3 2023.
- On a year-over-year basis, Price to Book has declined for four consecutive quarters, with growth averaging 0.5% over the last eight quarters.
- Peak year-over-year performance for Price to Book in the last five years was growth of 56.2% in Q3 2024, against a decline of 50.2% in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.92 (Q1 2026), 7.91 (Q4 2025) and 8.37 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | American Tower | 75.07 Bn | 74.81 Bn | 2.72 Bn |
| 2 | Digital Realty Trust | 65.30 Bn | 55.82 Bn | - |
| 3 | Crown Castle | 28.16 Bn | 26.91 Bn | 989.00 Mn |
| 4 | Sba Communications | 16.76 Bn | 16.85 Bn | 539.27 Mn |
| 5 | Lamar Advertising | 12.49 Bn | 12.31 Bn | 422.53 Mn |
| 6 | OUTFRONT Media | 4.94 Bn | 4.70 Bn | 276.40 Mn |
| 7 | Array Digital Infrastructure | 2.95 Bn | 1.85 Bn | 30.57 Mn |
| 8 | IHS Holding | 2.80 Bn | -64.45 Mn | 207.10 Mn |
| 9 | Fermi | 2.58 Bn | 1.72 Bn | - |
| 10 | Clear Channel Outdoor Holdings | 1.22 Bn | 508.64 Mn | 241.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.43 |
| Mar 31, 2026 | 7.92 |
| Dec 31, 2025 | 7.91 |
| Sep 30, 2025 | 8.37 |
| Jun 30, 2025 | 9.88 |
| Mar 31, 2025 | 10.25 |
| Dec 31, 2024 | 8.88 |
| Sep 30, 2024 | 10.66 |
| Jun 30, 2024 | 8.71 |
| Mar 31, 2024 | 8.65 |
| Dec 31, 2023 | 9.26 |
| Sep 30, 2023 | 6.82 |
| Jun 30, 2023 | 7.53 |
| Mar 31, 2023 | 7.77 |
| Dec 31, 2022 | 7.95 |
| Sep 30, 2022 | 8.11 |
| Jun 30, 2022 | 11.09 |
| Mar 31, 2022 | 12.39 |
| Dec 31, 2021 | 14.70 |
| Sep 30, 2021 | 12.75 |
API Access
American Tower Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=AMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "AMT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=AMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();