American Tower (AMT) Price to Earnings (2009 - 2026)
American Tower's (AMT) Price to Earnings was 22.41 for Q2 2026, down 72.0% from 80.05 a year earlier and down 19.2% from the prior quarter.
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Analysis
American Tower (AMT) Price to Earnings (2009 - 2026) Analysis & Trends
For FY2025, Price to Earnings at American Tower was 32.37, down 14.9% from FY2024.
- By year, Price to Earnings came in at 38.01 in FY2024 (-44.0%), 67.86 in FY2023 (+21.5%), 55.86 in FY2022 (+7.6%) and 51.92 in FY2021 (-12.0%).
- The Q2 2026 figure ranks as the lowest quarterly Price to Earnings in data going back to Q1 2009.
- Year over year, Price to Earnings has now declined in each of the last four quarters, with an average decline of 14.3% over the last eight quarters.
- The high point for year-over-year Price to Earnings in five years was Q3 2023 (growth of 210.2%); the low point was Q2 2026 (a decline of 72.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 27.73 (Q1 2026), 32.37 (Q4 2025) and 30.65 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | American Tower | 75.57 Bn | 75.31 Bn | 2.72 Bn |
| 2 | Digital Realty Trust | 66.06 Bn | 56.59 Bn | - |
| 3 | Crown Castle | 28.31 Bn | 27.05 Bn | 989.00 Mn |
| 4 | Sba Communications | 16.81 Bn | 16.90 Bn | 539.27 Mn |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn |
| 6 | OUTFRONT Media | 5.05 Bn | 4.82 Bn | 276.40 Mn |
| 7 | Array Digital Infrastructure | 2.97 Bn | 1.87 Bn | 30.57 Mn |
| 8 | IHS Holding | 2.79 Bn | -67.81 Mn | 207.10 Mn |
| 9 | Fermi | 2.57 Bn | 1.71 Bn | - |
| 10 | Clear Channel Outdoor Holdings | 1.22 Bn | 503.54 Mn | 241.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.41 |
| Mar 31, 2026 | 27.73 |
| Dec 31, 2025 | 32.37 |
| Sep 30, 2025 | 30.65 |
| Jun 30, 2025 | 80.05 |
| Mar 31, 2025 | 55.78 |
| Dec 31, 2024 | 38.01 |
| Sep 30, 2024 | 97.87 |
| Jun 30, 2024 | 36.47 |
| Mar 31, 2024 | 44.68 |
| Dec 31, 2023 | 67.86 |
| Sep 30, 2023 | 107.28 |
| Jun 30, 2023 | 93.45 |
| Mar 31, 2023 | 68.52 |
| Dec 31, 2022 | 55.86 |
| Sep 30, 2022 | 34.58 |
| Jun 30, 2022 | 42.90 |
| Mar 31, 2022 | 43.71 |
| Dec 31, 2021 | 52.17 |
| Sep 30, 2021 | 48.75 |
API Access
American Tower Price to Earnings 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-earnings&ticker=AMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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-earnings&ticker=AMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();