AMT

American Tower Corporation

Real Estate · $77.8B market cap

Verdict

Share price

$162.20

close of Oct 3, 2026

Fair value

$124.58

Sticker Price

Payback Price

$49.83

buy price

Overpriced

AMT is Overpriced: at $162.20 it trades 30% above its fair value of $124.58. Its buy price (Payback Price) is $49.83, 69% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

FFO-Based (REIT). A real estate trust. Depreciation makes a property owner's profit look smaller than the cash it brings in, so we value it on funds from operations (FFO).

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth13.9% a year✓
Equity per share growth1.0% a year✗
Sales growth13.4% a year✓
Free cash flow growth12.9% a year✓
Return on invested capital6.1%✗

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Superinvestors

2 of the investors we track hold AMT. In Q2 2026, 1 trimmed and 1 sold out. Who we track

Moves in Q2 2026

Trimmed: Chuck Akre

Sold out: William Von Mueffling

Insider activity

Since Jul 28, 2026: 1 open-market purchase worth $501K and 3 sales worth $1.2M. Why purchases matter

Purchases

Sales

About American Tower Corporation

American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate. The Company's primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in…

REIT - Specialty

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works