Enterprise Value (EV)
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AT&T Inc. pages available for free this week:
- Statement of Comprehensive Income
- Common-Size Income Statement
- Analysis of Solvency Ratios
- Analysis of Geographic Areas
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
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Current Enterprise Value (EV)
AT&T Inc., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in millions | |
| Common equity (market value)1 | |
| Add: Preferred stock, $1 par value (per books) | |
| Add: Noncontrolling interest (per books) | |
| Total equity | |
| Add: Debt maturing within one year (per books) | |
| Add: Long-term debt, excluding maturing within one year (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2024-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
AT&T Inc., EV calculation
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
= ×
- Common equity (market value)
- The common equity market value exhibited a downward trend from 204,182 million USD in 2020 to 120,167 million USD in 2023, representing a significant decline over four years. However, in 2024, there was a notable recovery, with the value increasing to 182,039 million USD, indicating a potential restoration of market confidence or positive valuation adjustments.
- Total equity
- Total equity followed a similar trajectory to common equity market value, declining steadily from 221,749 million USD in 2020 to 134,312 million USD in 2023. In 2024, total equity increased substantially to 195,912 million USD. The parallel movements suggest that book equity and market equity were influenced by common underlying factors during this period.
- Total equity and debt
- The combined total of equity and debt experienced a general decline from 378,994 million USD in 2020 to 271,643 million USD in 2023. This decreased figure reflects a contraction in the company’s overall capital base. In 2024, an increase to 319,444 million USD indicates partial recovery or possible changes in financing strategy, such as increased debt or equity financing.
- Enterprise value (EV)
- Enterprise value mirrored the decline observed in other valuation measures, decreasing from 369,254 million USD in 2020 to 264,921 million USD in 2023. The subsequent rise to 316,146 million USD in 2024 aligns with improvements seen in total equity and common equity market values, reflecting an overall positive shift in the company's valuation and perceived market worth.