American TowerAMT +2.18%79 Debt-to-EBITDA is 5.99 as of Mar. 2026, which is 14% below its 10-year median of 6.93. GuruFocus rates AMT with a GF Score™ of 79/100 and a GF Value™ of $207.40 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 579 REITs companies, American Tower ranks worse than 50.78% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for American Tower's Debt-to-EBITDA or its related term are showing as below:
AMT'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 5.17 Med: 6.93 Max: 8.62
Current: 6.55
During the past 13 years, the highest Debt-to-EBITDA Ratio of American Tower was 8.62. The lowest was 5.17. And the median was 6.93.
AMT's Debt-to-EBITDA is ranked worse than 50.78% of 579
companies
in the REITs industry
Industry Median: 6.49
vs AMT: 6.55
American Tower (NYSE:AMT) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
American Tower Debt-to-EBITDA Related Terms
American Tower Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for American Tower's Debt-to-EBITDA 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.
For the REIT - Specialty subindustry, American Tower's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, American Tower's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where American Tower's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
American Tower (AMT) has a Debt-to-EBITDA of 5.99 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on American Tower. This is 14% below median its historical median of 6.93. Over the past decade, American Tower's Debt-to-EBITDA has ranged from 5.17 to 8.62. According to the industry distribution chart, American Tower ranks #294 out of 579 companies in the REITs industry, placing it in the top 50.8%.
Is American Tower's Debt-to-EBITDA too high?
American Tower's current Debt-to-EBITDA of 5.99 is 14% below median its 10-year median of 6.93. Over the past 10 years, this metric has ranged from a low of 5.17 to a high of 8.62. The REITs industry median Debt-to-EBITDA is 6.49. American Tower's value of 5.99 is 7.7% below this industry median. Based on the distribution chart, American Tower ranks #294 out of 579 companies in the REITs industry, which is below the industry midpoint. Overall, American Tower has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does American Tower's Debt-to-EBITDA compare to DLR and EQIX?
According to the REITs industry distribution chart, American Tower ranks #294 out of 579 companies for Debt-to-EBITDA. This places American Tower in the lower half of its industry. The industry median Debt-to-EBITDA is 6.49. American Tower's value of 5.99 is 7.7% below this benchmark. Historically, American Tower's own Debt-to-EBITDA has ranged from 5.17 to 8.62 over the past decade. While the company's 10-year median is 6.93 vs. the industry median of 6.49, American Tower has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.49, based on 579 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Tower's current Debt-to-EBITDA of 5.99 is 7.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on American Tower. For the REITs industry, the median Debt-to-EBITDA is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Tower's current Debt-to-EBITDA is 5.99, which is 14% below median its own 10-year median of 6.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Tower stock overvalued right now?
Based on GuruFocus' analysis, American Tower (AMT) is currently considered Modestly Undervalued. The stock's GF Value™ is $207.40, compared to a current price of $168.59 — trading 18.7% below its estimated fair value. The current Debt-to-EBITDA is 5.99, which is 14% below median its 10-year median of 6.93 and 7.7% below the REITs industry median of 6.49. American Tower's overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For American Tower (AMT), the current Debt-to-EBITDA is 5.99 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is American Tower (AMT) Overvalued in 2026?
Based on GuruFocus' analysis, American Tower stock appears to be undervalued.
The current stock price of $168.59 is trading 18.7% below its estimated GF Value™ of $207.40.
GuruFocus considers American Tower to be Modestly Undervalued.
Key valuation signals for AMT:
Debt-to-EBITDA: 5.99 (14% below median its 10-year median of 6.93)
GF Value™: $207.40 vs. price of $168.59 (18.7% below fair value)
Industry Position: 7.7% below the REITs median (#294 of 579)
No single metric tells the full story. See the AMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
American Tower owns and operates about 150,000 wireless towers throughout the US, Asia, Latin America, Europe, and Africa. It also owns and/or operates 30 data centers in 11 US markets through its CoreSite segment. The company's customer base in the tower business is very concentrated, with most revenue in each market generated by the top three or four mobile carriers. The company operates 42,000 towers in the US, which accounted for about half of total revenue in 2025. Outside the US, American Tower operates about 47,000 towers in Latin America (dominated by Brazil), 33,000 towers in Europe, and 28,000 towers in Africa. American Tower operates as a REIT.
79GF Score
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