American Tower (WBO:AMTG) ROCE %: 10.01% (As of Mar. 2026)


WBO:AMTG American Tower Corp WBO:AMTG
80 GF Score
Price €147.50
GF Value €181.07
! 5 Warning Signs
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What is American Tower ROCE %?

American Tower WBO:AMTG -4.50% 80 ROCE % is 10.01% as of Mar. 2026. GuruFocus rates WBO:AMTG with a GF Score™ of 80/100 and a GF Value™ of €181.07. The stock has 5 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. American Tower's annualized ROCE % for the quarter that ended in Mar. 2026 was 10.01%.

American Tower  (WBO:AMTG) 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.

American Tower ROCE % Related Terms

American Tower ROCE % Historical Data

* Premium members only.

The historical data trend for American Tower'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.

American Tower ROCE % Chart

American Tower Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.31 5.56 4.89 9.11 7.55

American Tower Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 6.77 5.82 8.88 9.19 10.01
WBO:AMTG
80GF Score
American Tower Corp WBO:AMTG
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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American Tower ROCE % Calculation

American Tower'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 )
=3760.674/( ( (58328.917 - 6757.198) + (53964.602 - 5904.385) )/ 2 )
=3760.674/( (51571.719+48060.217)/ 2 )
=3760.674/49815.968
=7.55 %

American Tower's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=4724.284/( ( (53964.602 - 5904.385) + (54697.929 - 8407.281) )/ 2 )
=4724.284/( ( 48060.217 + 46290.648 )/ 2 )
=4724.284/47175.4325
=10.01 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 10.01% mean?
American Tower (WBO:AMTG) has a ROCE % of 10.01% as of Mar. 2026.
Is American Tower's ROCE % too high?
American Tower's current ROCE % is 10.01%. The REITs industry median ROCE % is 5.19. American Tower's value of 10.01% is 93.1% above this industry median. Overall, American Tower has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does American Tower's ROCE % compare to EQIX and DLR?
American Tower's ROCE % of 10.01% can be compared against companies in the REITs industry. The industry median ROCE % is 5.19. American Tower's value of 10.01% is 93.1% above 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 REITs company?
The median ROCE % among REITs companies is 5.19, based on 756 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. American Tower's current ROCE % of 10.01% is 93.1% above 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 REITs industry, the median ROCE % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Tower's current ROCE % is 10.01%. 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?
American Tower (WBO:AMTG) has a current ROCE % of 10.01%. The stock's GF Value™ is €181.07, compared to a current price of €147.50 — trading 18.5% below its estimated fair value. The current ROCE % is 10.01% and 93.1% above the REITs industry median of 5.19. American Tower's overall GF Score™ is 80/100 with 5 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 American Tower (WBO:AMTG), the current ROCE % is 10.01% 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 (WBO:AMTG) Overvalued in 2026?

Based on GuruFocus' analysis, American Tower stock appears to be undervalued. The current stock price of €147.50 is trading 18.5% below its estimated GF Value™ of €181.07.

Key valuation signals for WBO:AMTG:

  • ROCE %: 10.01%
  • GF Value™: €181.07 vs. price of €147.50 (18.5% below fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 93.1% above the REITs median

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

American Tower Business Description

Industry Real EstateREITs
Address 222 Berkeley Street, 7th Floor, Boston, MA, USA, 02116
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.
80GF Score

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

€147.50
Price
€181.07
GF Value