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AMT (American Tower) Shiller PE Ratio : 54.10 (As of Jul. 10, 2025)


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What is American Tower Shiller PE Ratio?

As of today (2025-07-10), American Tower's current share price is $221.83. American Tower's E10 for the quarter that ended in Mar. 2025 was $4.10. American Tower's Shiller PE Ratio for today is 54.10.

The historical rank and industry rank for American Tower's Shiller PE Ratio or its related term are showing as below:

AMT' s Shiller PE Ratio Range Over the Past 10 Years
Min: 43.01   Med: 92.15   Max: 121.14
Current: 54.1

During the past years, American Tower's highest Shiller PE Ratio was 121.14. The lowest was 43.01. And the median was 92.15.

AMT's Shiller PE Ratio is ranked worse than
93.94% of 462 companies
in the REITs industry
Industry Median: 12.945 vs AMT: 54.10

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

American Tower's adjusted earnings per share data for the three months ended in Mar. 2025 was $1.040. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.10 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


American Tower Shiller PE Ratio Historical Data

The historical data trend for American Tower's Shiller PE Ratio 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 Shiller PE Ratio Chart

American Tower Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 92.74 95.91 61.78 58.62 45.81

American Tower Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Shiller PE Ratio 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 50.95 48.40 61.29 45.81 53.07

Competitive Comparison of American Tower's Shiller PE Ratio

For the REIT - Specialty subindustry, American Tower's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, American Tower's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where American Tower's Shiller PE Ratio falls into.


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American Tower Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

American Tower's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=221.83/4.10
=54.10

* 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 E10 for the quarter that ended in Mar. 2025 is calculated as:

For example, American Tower's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.04/134.9266*134.9266
=1.040

Current CPI (Mar. 2025) = 134.9266.

American Tower Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201506 0.300 100.684 0.402
201509 0.180 100.392 0.242
201512 0.480 99.792 0.649
201603 0.580 100.470 0.779
201606 0.370 101.688 0.491
201609 0.550 101.861 0.729
201612 0.470 101.863 0.623
201703 0.670 102.862 0.879
201706 0.800 103.349 1.044
201709 0.690 104.136 0.894
201712 0.510 104.011 0.662
201803 0.630 105.290 0.807
201806 0.690 106.317 0.876
201809 0.830 106.507 1.051
201812 0.620 105.998 0.789
201903 0.890 107.251 1.120
201906 0.960 108.070 1.199
201909 1.120 108.329 1.395
201912 1.260 108.420 1.568
202003 0.930 108.902 1.152
202006 1.000 108.767 1.241
202009 1.040 109.815 1.278
202012 0.820 109.897 1.007
202103 1.450 111.754 1.751
202106 1.650 114.631 1.942
202109 1.580 115.734 1.842
202112 0.990 117.630 1.136
202203 1.560 121.301 1.735
202206 1.950 125.017 2.105
202209 1.800 125.227 1.939
202212 -1.470 125.222 -1.584
202303 0.720 127.348 0.763
202306 1.020 128.729 1.069
202309 1.260 129.860 1.309
202312 0.180 129.419 0.188
202403 1.960 131.776 2.007
202406 1.920 132.554 1.954
202409 -1.700 133.029 -1.724
202412 2.620 133.157 2.655
202503 1.040 134.927 1.040

Add all the adjusted EPS together and divide 10 will get our E10.

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) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


American Tower Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of American Tower's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


American Tower Business Description

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