AT&T (STU:SOBA) ROCE %: 6.59% (As of Dec. 2025)

What is AT&T ROCE %?

AT&T STU:SOBA +3.99% 74 ROCE % is 6.59% as of Dec. 2025. GuruFocus rates STU:SOBA with a GF Score™ of 74/100 and a GF Value™ of €19.22 (Fairly Valued). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. AT&T's annualized ROCE % for the quarter that ended in Dec. 2025 was 6.59%.

AT&T (STU:SOBA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

AT&T ROCE % Related Terms

AT&T ROCE % Historical Data

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The historical data trend for AT&T's ROCE % 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 ROCE % Chart

AT&T Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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8.20

0.79

7.45

6.80

8.95

AT&T Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25
ROCE %	Get a 7-Day Free Trial															8.19	8.63	8.50	13.49	6.59

74GF Score

AT&T Inc STU:SOBA

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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AT&T ROCE % Calculation

AT&T's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	28874.594	/	( ( (377029.225 - 44762.76)	+	(358849.092 - 45928.12) )	/ 2 )
	=	28874.594	/	( (332266.465	+	312920.972)	/ 2 )
	=	28874.594	/	322593.7185
	=	8.95 %

AT&T's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2025 )		(Q: Sep. 2025 )		(Q: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2025 )		(Q: Sep. 2025 )		(Q: Dec. 2025 )
	=	20687.296	/	( ( (360577.476 - 45902.352)	+	(358849.092 - 45928.12) )	/ 2 )
	=	20687.296	/	( ( 314675.124	+	312920.972 )	/ 2 )
	=	20687.296	/	313798.048
	=	6.59 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 6.59% mean?

AT&T (STU:SOBA) has a ROCE % of 6.59% as of Dec. 2025.

Is AT&T's ROCE % too high?

AT&T's current ROCE % is 6.59%. The Telecommunication Services industry median ROCE % is 7.72. AT&T's value of 6.59% is 14.6% below this industry median. Overall, AT&T has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does AT&T's ROCE % compare to VZ and TMUS?

AT&T's ROCE % of 6.59% can be compared against companies in the Telecommunication Services industry. The industry median ROCE % is 7.72. AT&T's value of 6.59% is 14.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Telecommunication Services company?

The median ROCE % among Telecommunication Services companies is 7.72, based on 356 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AT&T's current ROCE % of 6.59% is 14.6% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Telecommunication Services industry, the median ROCE % is 7.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AT&T's current ROCE % is 6.59%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is AT&T stock overvalued right now?

Based on GuruFocus' analysis, AT&T (STU:SOBA) is currently considered Fairly Valued. The stock's GF Value™ is €19.22, compared to a current price of €20.10 — trading 4.6% above its estimated fair value. The current ROCE % is 6.59% and 14.6% below the Telecommunication Services industry median of 7.72. AT&T's overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For AT&T (STU:SOBA), the current ROCE % is 6.59% as of Dec. 2025. 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 AT&T (STU:SOBA) Overvalued in 2026?

Based on GuruFocus' analysis, AT&T stock appears to be overvalued. The current stock price of €20.10 is trading 4.6% above its estimated GF Value™ of €19.22. GuruFocus considers AT&T to be Fairly Valued.

Key valuation signals for STU:SOBA:

ROCE %: 6.59%
GF Value™: €19.22 vs. price of €20.10 (4.6% above fair value)
GF Score™: 74/100 with 3 warning signs
Industry Position: 14.6% below the Telecommunication Services median

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

AT&T Business Description

Industry Communication Services Telecommunication Services

Comparable Companies VZ TMUS CMCSA SATS CHTR TIGO LUMN GSAT IRDM LBRDA TSE:9984 SHSE:600941 XTER:DTE NSE:BHARTIARTL XZIM:ECO.ZW HKSE:00728 MEX:AMXB TSE:9432 TSE:9433 TSE:9434

Other Exchanges TpC.PFD:USA TpA.PFD:USA T:USA T:Peru T:Mexico T_KZ:Kazakhstan 1T:Italy 0QZ1:UK SOBA:Germany ATTB34:Brazil SOBA:Bulgaria ATT:Austria T:Argentina

Address 208 S. Akard Street, Dallas, TX, USA, 75202

Website https://www.att.com

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.

74GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€20.10

Price

€19.22

GF Value

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