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AMT (American Tower) Cyclically Adjusted Price-to-FCF : 31.38 (As of Jul. 07, 2025)


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What is American Tower Cyclically Adjusted Price-to-FCF?

As of today (2025-07-07), American Tower's current share price is $218.74. American Tower's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $6.97. American Tower's Cyclically Adjusted Price-to-FCF for today is 31.38.

The historical rank and industry rank for American Tower's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

AMT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 25.55   Med: 49.62   Max: 67.58
Current: 31.82

During the past years, American Tower's highest Cyclically Adjusted Price-to-FCF was 67.58. The lowest was 25.55. And the median was 49.62.

AMT's Cyclically Adjusted Price-to-FCF is ranked worse than
81.84% of 424 companies
in the REITs industry
Industry Median: 12.865 vs AMT: 31.82

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

American Tower's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $2.057. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $6.97 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


American Tower Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for American Tower's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

American Tower Cyclically Adjusted Price-to-FCF Chart

American Tower Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.84 56.10 37.35 34.81 27.02

American Tower Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.79 29.63 34.57 27.02 31.22

Competitive Comparison of American Tower's Cyclically Adjusted Price-to-FCF

For the REIT - Specialty subindustry, American Tower's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


American Tower's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, American Tower's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where American Tower's Cyclically Adjusted Price-to-FCF falls into.


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American Tower Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

American Tower's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=218.74/6.97
=31.38

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

American Tower's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, American Tower's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=2.057/134.9266*134.9266
=2.057

Current CPI (Mar. 2025) = 134.9266.

American Tower Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.877 100.684 1.175
201509 0.703 100.392 0.945
201512 0.964 99.792 1.303
201603 0.957 100.470 1.285
201606 1.358 101.688 1.802
201609 1.189 101.861 1.575
201612 1.200 101.863 1.590
201703 1.186 102.862 1.556
201706 1.373 103.349 1.793
201709 1.110 104.136 1.438
201712 1.249 104.011 1.620
201803 1.353 105.290 1.734
201806 1.606 106.317 2.038
201809 1.278 106.507 1.619
201812 2.161 105.998 2.751
201903 1.269 107.251 1.596
201906 1.781 108.070 2.224
201909 1.518 108.329 1.891
201912 1.630 108.420 2.029
202003 1.313 108.902 1.627
202006 1.746 108.767 2.166
202009 1.606 109.815 1.973
202012 1.724 109.897 2.117
202103 1.721 111.754 2.078
202106 1.490 114.631 1.754
202109 3.900 115.734 4.547
202112 0.479 117.630 0.549
202203 0.607 121.301 0.675
202206 1.186 125.017 1.280
202209 1.013 125.227 1.091
202212 1.128 125.222 1.215
202303 1.304 127.348 1.382
202306 1.689 128.729 1.770
202309 1.948 129.860 2.024
202312 1.320 129.419 1.376
202403 1.896 131.776 1.941
202406 2.166 132.554 2.205
202409 2.231 133.029 2.263
202412 1.613 133.157 1.634
202503 2.057 134.927 2.057

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


American Tower  (NYSE:AMT) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


American Tower Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of American Tower's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


American Tower Business Description

Industry
Address
116 Huntington Avenue, 11th Floor, Boston, MA, USA, 02116
American Tower owns and operates more than 220,000 cell towers throughout the US, Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 US markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the US, which accounted for almost half of the company's total revenue in 2023. Outside the US, American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as a REIT.
Executives
Sanjay Goel officer: EVP & President, Asia-Pacific 116 HUNTINGTON AVENUE, BOSTON MA 02116
Meyer Robert Joseph Jr officer: SVP & Chief Accounting Officer 61 SCHOOL STREET, ARLINGTON MA 02476
Reeve Pamela D A director C/O AMERICAN TOWER CORPORATION, 116 HUNTINGTON AVE, BOSTON MA 02116
Rodney M Smith officer: EVP, CFO & Treasurer 116 HUNTINGTON AVENUE, BOSTON MA 02116
Eugene M Noel officer: EVP & President, U.S. Tower 116 HUNTINGTON AVENUE, BOSTON MA 02116
Olivier Puech officer: EVP & President, LatAm & EMEA 116 HUNTINGTON AVENUE, BOSTON MA 02116
Steven O Vondran officer: EVP & President, U.S. Tower 116 HUNTINGTON AVENUE, BOSTON MA 02116
Robert D Hormats director 85 BROAD STREET, NEW YORK NY 10004
Samme L Thompson director C/O TELIT ASSOCIATES, INC., 333 NORTH MICHIGAN AVENUE, CHICAGO IL 60601
Joann A Reed director C/O AMERICAN TOWER CORP, 116 HUNTINGTON AVENUE, BOSTON MA 02116
Raymond P Dolan director 108 GOVERNOR DRIVE, BASKING RIDGE NJ 00924
Ruth T Dowling officer: EVP, Chief Admin Ofr, GC & Sec 116 HUNTINGTON AVENUE, BOSTON MA 02116
Edmund Disanto officer: EVP, Chief Admin Ofr, GC & Sec C/O AMERICAN TOWER CORPORATION, 116 HUNTINGTON AVENUE, 11TH FLOOR, BOSTON MA 02116
Bruce L Tanner director 214 N TRYON STREET, CHARLOTTE NC 28202
Kelly C Chambliss director C/O CORESITE REALTY CORPORATION, 1001 17TH STREET, SUITE 500, DENVER CO 80202