American Tower is an American operator of wireless communication equipment. The company has more than 170,000 transmission systems for data transmission and communication, mostly masts, in 17 countries worldwide.
P/E ratio for American Tower (AMT)
P/E ratio as of April 2024 (TTM): 113
According to American Tower's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 113.007. At the end of 2022 the company had a P/E ratio of 55.0.
P/E ratio history for American Tower from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 55.0 | 7.24% |
| 2021 | 51.3 | -12.67% |
| 2020 | 58.8 | 9.17% |
| 2019 | 53.8 | -5.41% |
| 2018 | 56.9 | 7.69% |
| 2017 | 52.8 | 0.5% |
| 2016 | 52.6 | -22.45% |
| 2015 | 67.8 | 38.54% |
| 2014 | 48.9 | -14.78% |
| 2013 | 57.4 | 19.65% |
| 2012 | 48.0 | -20.02% |
| 2011 | 60.0 | 8.07% |
| 2010 | 55.5 | -20.33% |
| 2009 | 69.7 | 109.18% |
| 2008 | 33.3 | -89.05% |
| 2007 | 304 | -51.03% |
| 2006 | 621 | -1544.43% |
| 2005 | -43.0 | 157.16% |
| 2004 | -16.7 | 99.43% |
| 2003 | -8.39 | -368.5% |
| 2002 | 3.12 | -177.17% |
| 2001 | -4.05 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Crown Castle CCI | 26.3 | -76.71% | 🇺🇸 USA |
 SBA Communications SBAC | 43.1 | -61.84% | 🇺🇸 USA |
 Rogers Communication RCI | 21.1 | -81.37% | 🇨🇦 Canada |
 Telephone and Data Systems
TDS | -18.3 | -116.18% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.