American Tower (WBO:AMTG) Asset Turnover: 0.04 (As of Mar. 2026)


WBO:AMTG American Tower Corp WBO:AMTG
67 GF Score
Price €148.05
GF Value €181.80
Valuation Modestly Undervalued
! 5 Warning Signs
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What is American Tower Asset Turnover?

American Tower WBO:AMTG -4.27% 67 Asset Turnover is 0.04 as of Mar. 2026. GuruFocus rates WBO:AMTG with a GF Score™ of 67/100 and a GF Value™ of €181.80 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. American Tower's Revenue for the three months ended in Mar. 2026 was €2,368 Mil. American Tower's Total Assets for the quarter that ended in Mar. 2026 was €54,331 Mil. Therefore, American Tower's Asset Turnover for the quarter that ended in Mar. 2026 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. American Tower's annualized ROE % for the quarter that ended in Mar. 2026 was 96.46%. It is also linked to ROA % through Du Pont Formula. American Tower's annualized ROA % for the quarter that ended in Mar. 2026 was 5.47%.


American Tower  (WBO:AMTG) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

American Tower's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=2973.868/3083.142
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2973.868 / 9471.748)*(9471.748 / 54331.2655)*(54331.2655/ 3083.142)
=Net Margin %*Asset Turnover*Equity Multiplier
=31.4 %*0.1743*17.622
=ROA %*Equity Multiplier
=5.47 %*17.622
=96.46 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

American Tower's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=2973.868/54331.2655
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2973.868 / 9471.748)*(9471.748 / 54331.2655)
=Net Margin %*Asset Turnover
=31.4 %*0.1743
=5.47 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


American Tower Asset Turnover Related Terms


American Tower Asset Turnover Historical Data

* Premium members only.

The historical data trend for American Tower's Asset Turnover 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 Asset Turnover Chart

American Tower Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.15 0.15 0.16 0.16

American Tower Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Asset Turnover 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 0.04 0.04 0.04 0.04 0.04

WBO:AMTG vs DLR, EQIX, IRM: Asset Turnover Comparison

For the REIT - Specialty subindustry, American Tower's Asset Turnover, along with its competitors' market caps and Asset Turnover 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 Asset Turnover vs REITs Industry

For the REITs industry and Real Estate sector, American Tower's Asset Turnover distribution charts can be found below:

* The bar in red indicates where American Tower's Asset Turnover falls into.


WBO:AMTG
67GF Score
American Tower Corp WBO:AMTG
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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American Tower Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

American Tower's Asset Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=9090.488/( (58328.917+53964.602)/ 2 )
=9090.488/56146.7595
=0.16

American Tower's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=2367.937/( (53964.602+54697.929)/ 2 )
=2367.937/54331.2655
=0.04

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.04 mean?
American Tower (WBO:AMTG) has a Asset Turnover of 0.04 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on American Tower and its competitors.
Is American Tower's Asset Turnover too high?
American Tower's current Asset Turnover is 0.04. Overall, American Tower has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does American Tower's Asset Turnover compare to DLR and EQIX?
American Tower's Asset Turnover of 0.04 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a REITs company?
A good Asset Turnover depends on the REITs industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on American Tower and its competitors. American Tower's current Asset Turnover is 0.04. 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 (WBO:AMTG) is currently considered Modestly Undervalued. The stock's GF Value™ is €181.80, compared to a current price of €148.05 — trading 18.6% below its estimated fair value. The current Asset Turnover is 0.04. American Tower's overall GF Score™ is 67/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For American Tower (WBO:AMTG), the current Asset Turnover is 0.04 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 €148.05 is trading 18.6% below its estimated GF Value™ of €181.80. GuruFocus considers American Tower to be Modestly Undervalued.

Key valuation signals for WBO:AMTG:

  • Asset Turnover: 0.04
  • GF Value™: €181.80 vs. price of €148.05 (18.6% below fair value)
  • GF Score™: 67/100 with 5 warning signs

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.
67GF Score

Get the complete analysis for WBO:AMTG

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

€148.05
Price
€181.80
GF Value