American Tower's book value per share for the quarter that ended in Dec. 2023 was $9.00.
During the past 12 months, American Tower's average Book Value Per Share Growth Rate was -24.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -3.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -1.40% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of American Tower was 72.00% per year. The lowest was -24.20% per year. And the median was 2.35% per year.
American Tower's current price is $171.83. Its book value per share for the quarter that ended in Dec. 2023 was $9.00. Hence, today's PB Ratio of American Tower is 19.09.
During the past 13 years, the highest P/B Ratio of American Tower was 32.40. The lowest was 5.14. And the median was 12.35.
American Tower Book Value per Share Historical Data
The historical data trend for American Tower's Book Value per Share 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 Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Book Value per Share
11.42
9.21
11.15
11.97
9.00
American Tower Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Book Value per Share
11.97
11.60
11.08
9.73
9.00
Competitive Comparison
For the REIT - Specialty subindustry, American Tower's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio Distribution
For the REITs industry and Real Estate sector, American Tower's PB Ratio distribution charts can be found below:
* The bar in red indicates where American Tower's PB Ratio falls into.
American Tower Book Value per Share Calculation
American Tower's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
American Tower (NYSE:AMT) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
American Tower Book Value per Share Related Terms
Thank you for viewing the detailed overview of American Tower's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
American Tower (American Tower) Business Description
American Tower owns and operates more than 220,000 cell towers throughout the U.S., Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 U.S. 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 U.S., which accounted for roughly half of the company's total revenue in 2022. Outside the U.S., 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 an REIT.
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