COMPILED BY GEMINI 3.1

AT&T (T) Intrinsic Value

An independent two-stage DCF analysis by a frontier AI model.

Fair Value Estimate

$125.60 per share
Current Price $27.41
Margin of Safety 358.2%
UNDERVALUED

My Assumptions & Rationale

FCF Growth Rate (Y1-Y5)
1.5%

"> Telecom is a highly saturated, capital-intensive industry. We don't expect rapid expansion, but AT&T can maintain slow growth through 5G and fiber upgrades, alongside disciplined cost controls.

Discount Rate (WACC)
8.5%

"> Telecom is a highly saturated, capital-intensive industry. We don't expect rapid expansion, but AT&T can maintain slow growth through 5G and fiber upgrades, alongside disciplined cost controls.

Terminal Growth Rate
8.5%

"> Telecom is a highly saturated, capital-intensive industry. We don't expect rapid expansion, but AT&T can maintain slow growth through 5G and fiber upgrades, alongside disciplined cost controls.

Sensitivity Analysis

Intrinsic value per share under varying discount rate and terminal growth rate assumptions.

WACC ↓ / Terminal → 7.5%8.0%8.5%9.0%9.5%
7.5% $125.60 $125.60 $125.60 $125.60 $125.60
8.0% $125.60 $125.60 $125.60 $125.60 $125.60
8.5% $125.60 $125.60 $125.60 $125.60 $125.60
9.0% $125.60 $125.60 $125.60 $125.60 $125.60
9.5% $125.60 $125.60 $125.60 $125.60 $125.60

Undervalued vs current price Overvalued vs current price

Frequently Asked Questions

Why use DCF instead of a P/E or EV/EBITDA multiple?

Westmount Research. "AT&T (T) Intrinsic Value: A DCF Analysis." westmountfundamentals.com, March 18, 2026.

Disclaimer: The numbers presented on this page are for educational and entertainment purposes only. They are the result of a deterministic mathematical model fed with assumptions generated by an Artificial Intelligence (Gemini 3.1). This does not constitute investment advice. Always conduct your own due diligence before investing in the stock market.