AT&T (XSWX:T) Price-to-Tangible-Book: (As of Sep. 12, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSWX:T AT&T Inc XSWX:T
62 GF Score
Price CHF21.36
GF Value CHF20.05
Valuation Fairly Valued
! 2 Warning Signs
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What is AT&T Price-to-Tangible-Book?

As of today (2026-09-12), AT&T's share price is CHF21.355. AT&T's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was CHF-10.30. Hence, AT&T's Price to Tangible Book Ratio of today is .

The historical rank and industry rank for AT&T's Price-to-Tangible-Book or its related term are showing as below:

XSWX:T's Price-to-Tangible-Book is not ranked *
in the Telecommunication Services industry.
Industry Median: 2.58
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, AT&T's share price is CHF21.355. AT&T's Book Value per Sharefor the quarter that ended in Jun. 2026 was CHF12.83. Hence, AT&T's P/B Ratio of today is 1.66.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

AT&T Price-to-Tangible-Book Related Terms

AT&T Price-to-Tangible-Book Historical Data

* Premium members only.

The historical data trend for AT&T's Price-to-Tangible-Book 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.

AT&T Price-to-Tangible-Book Chart

AT&T Annual Data
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Price-to-Tangible-Book
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AT&T Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Price-to-Tangible-Book 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 0.00 0.00 0.00 0.00 0.00

XSWX:T vs TMUS, VZ, CMCSA: Price-to-Tangible-Book Comparison

For the Telecom Services subindustry, AT&T's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

AT&T Price-to-Tangible-Book vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, AT&T's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where AT&T's Price-to-Tangible-Book falls into.


XSWX:T
62GF Score
AT&T Inc XSWX:T
Price-to-Tangible-Book is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AT&T Price-to-Tangible-Book Calculation

AT&T's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Jun. 2026 )
=21.355/-10.296
=

* 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.

It can also be calculated from the numbers for the whole company:

Price to Tangible Book=Market Cap/Tangible Equity
=Market Cap/(Total Stockholders Equity-Preferred Stock-Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Is AT&T (XSWX:T) Overvalued in 2026?

Based on GuruFocus' analysis, AT&T stock appears to be overvalued. The current stock price of CHF21.36 is trading 6.5% above its estimated GF Value™ of CHF20.05. GuruFocus considers AT&T to be Fairly Valued.

Key valuation signals for XSWX:T:

  • Price-to-Tangible-Book:
  • GF Value™: CHF20.05 vs. price of CHF21.36 (6.5% above fair value)
  • GF Score™: 62/100 with 2 warning signs

No single metric tells the full story. See the XSWX:T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

AT&T Business Description

Address 208 S. Akard Street, Dallas, TX, USA, 75202
The wireless business contributes nearly 70% of AT&T's revenue. The company is the third-largest US wireless carrier, connecting 74 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 14% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential services, about 11% of revenue, primarily consist of in-home broadband internet access, serving 15 million customers. AT&T also has a sizable presence in Mexico, with 25 million wireless customers, but this business only accounts for 3% of revenue. The company recently sold its 70% equity stake in satellite television provider DirecTV to its partner, private equity firm TPG.
62GF Score

Get the complete analysis for XSWX:T

Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF21.36
Price
CHF20.05
GF Value