NYSE · Communication Services

AT&T Inc.

T · Telecom Services

$26.09

▼ -0.04 (-0.13%)

Data cached · refreshes every 10 min

Mr. Market is currently offering AT&T Inc. at $26.09.

The business passes 4 of 7 of Graham's defensive criteria — adequate but not exceptional.

Overall Grade

Defensive

Enterprising

Profitability A

Gross Profit Margin 59.6%

Operating Margin 19.9%

Net Income Margin 17.5%

Fin. Health F

Years to Pay Off Debt 7.1 yrs

Working Capital vs Long-Term Debt -$132.1B

Working Capital -$5.0B

Valuation D

Margin of Safety 20.9%

Price-to-Book 1.64x

Cash Flow C

Free Cash Flow $19.4B

CapEx % of Net Income 94.9%

Owner Earnings $63.7B

4/7

Graham Score

Enterprising

Defensive — Graham's strict criteria (P/B, P/E, dividends, stability) · Enterprising — Profitability & cash flow focused, accepts higher valuations for quality

Market Data

Market Cap $181.2B

Enterprise Value $347.2B

P/E (TTM) 8.58

Dividend Yield 4.25%

Exchange NYSE

Key Margins

Gross Profit 59.6%

Operating Margin 19.9%

Net Margin 17.5%

Company Info

Sector Communication Services

Industry Telecom Services

Employees 132590

Country United States

Visit website

📖

Full Graham Analysis

Mr. Market is currently offering AT&T Inc. at $26.09.

The business passes 4 of 7 of Graham's defensive criteria — adequate but not exceptional.

At $26.09, the stock trades below its Graham Number of $32.99 — suggesting a margin of safety exists.

The margin of safety of 20.9% offers some protection but falls short of Graham's preferred 33% buffer.

Negative NCAV — liabilities exceed current assets. Common in capital-return businesses (buybacks, debt-funded dividends) and capital-intensive industries. Not automatically a warning sign..

Conclusion: This stock is better suited for Graham's Enterprising investor — one willing to devote time and skill to security selection.

About AT&T Inc.

AT&T Inc. provides telecommunications and technology services worldwide. It operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores. It also provides AT&T Dedicated Internet, fiber ethernet and broadband, fixed wireless, and hosted and managed professional services; and copper-based voice and data, Virtual Private Networks (VPN), wholesale, outsourcing, and IP, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, governmental, and wholesale customers. In addition, this segment offers broadband services, including fiber connections, legacy telephony voice communication services, and other VoIP services and equipment to residential customers. This segment markets its communications services and products under the AT&T, AT&T Business, Cricket, AT&T PREPAID, AT&T Fiber, and AT&T Internet Air brand names. Its Latin America segment provides postpaid and prepaid wireless services in Mexico under the AT&T and Unefon brand names, as well as sells smartphones through its stores, agents and third-party retail stores. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in 2005. AT&T Inc. was incorporated in 1983 and is based in Dallas, Texas.

Showing Key Metrics

Income Highlights

Metric	2025	2024	2023	2022	2021
Gross Profit %	59.6% ▼	59.8%	59.1%	57.9%	N/A
Operating Margin %	19.9% ▲	19.7%	20.1%	19.0%	N/A
Net Income %	17.5% ▲	8.9%	11.8%	-7.1%	N/A
Diluted EPS	3.04 ▲	1.49	1.97	-1.13	N/A

Balance Sheet Highlights

Metric	2025	2024	2023	2022	2021
Total Assets	$420.2B	$394.8B	$407.1B	$402.9B	N/A
Total Debt	$155.0B ↑	$140.9B	$154.9B	$154.7B	N/A
Working Capital	-$5.0B ▲	-$15.7B	-$14.7B	-$23.1B	N/A
Years to Pay Debt	7.06	12.87	10.76	-18.15	N/A

Cash Flow Highlights

Metric	2025	2024	2023	2022	2021
Free Cash Flow	$19.4B ▲	$18.5B	$20.5B	$12.4B	N/A
Owner Earnings	$63.7B	$51.8B	$51.0B	$29.1B	N/A
CapEx % of Net Income	94.9%	185.1%	124.0%	N/A	N/A

Income Statement

	2025	2024	2023	2022	2021
Tax Effect Of Unusual Items	-112,292	-1,349,950	-254,109	-5,774,580
Tax Rate For Calcs	0	0	0	0
Normalized EBITDA	55,535,000	49,112,000	46,522,000	48,533,000
Total Unusual Items	-838,000	-5,075,000	-1,193,000	-27,498,000
Total Unusual Items Excluding Goodwill	-838,000	-5,075,000	-1,193,000	-27,498,000
Net Income From Continuing Operation Net Minority Interest	21,953,000	10,948,000	14,400,000	-8,343,000
Reconciled Depreciation	20,886,000	20,580,000	18,777,000	18,021,000
Reconciled Cost Of Revenue	50,820,000	49,221,000	50,123,000	50,848,000
EBITDA	54,697,000	44,037,000	45,329,000	21,035,000
EBIT	33,811,000	23,457,000	26,552,000	3,014,000
Net Interest Income	-6,804,000	-6,759,000	-6,704,000	-6,108,000
Interest Expense	6,804,000	6,759,000	6,704,000	6,108,000
Normalized Income	22,678,708	14,673,050	15,338,891	13,380,420
Net Income From Continuing And Discontinued Operation	21,953,000	10,948,000	14,400,000	-8,524,000
Total Expenses	100,648,000	98,212,000	97,774,000	97,830,000
Total Operating Income As Reported	24,162,000	19,049,000	23,461,000	-4,587,000
Diluted Average Shares	7,179,000	7,204,000	7,258,000	7,587,000
Basic Average Shares	7,169,000	7,199,000	7,181,000	7,166,000
Diluted EPS	0	0	0	0
Basic EPS	0	0	0	0
Diluted NI Availto Com Stockholders	21,901,000	10,746,000	14,277,000	-7,521,000
Average Dilution Earnings	12,000	0	85,000	543,000
Net Income Common Stockholders	21,889,000	10,746,000	14,192,000	-8,064,000
Otherunder Preferred Stock Dividend		0	0	-663,000	0
Preferred Stock Dividends	64,000	202,000	208,000	203,000
Net Income	21,953,000	10,948,000	14,400,000	-8,524,000
Minority Interests	-1,433,000	-1,305,000	-1,223,000	-1,469,000
Net Income Including Noncontrolling Interests	23,386,000	12,253,000	15,623,000	-7,055,000
Net Income Discontinuous Operations		0	0	-181,000	-2,297,000
Net Income Continuous Operations	23,386,000	12,253,000	15,623,000	-6,874,000
Tax Provision	3,621,000	4,445,000	4,225,000	3,780,000
Pretax Income	27,007,000	16,698,000	19,848,000	-3,094,000
Other Income Expense	8,811,000	-667,000	1,898,000	-19,897,000
Other Non Operating Income Expenses	7,754,000	2,419,000	1,416,000	5,810,000
Special Income Charges	-838,000	-5,075,000	-1,193,000	-27,498,000
Gain On Sale Of Ppe				-1,413,000
Write Off	838,000	5,075,000	1,193,000	27,498,000
Impairment Of Capital Assets				24,812,000	213,000
Restructuring And Mergern Acquisition				1,273,000
Earnings From Equity Interest	1,895,000	1,989,000	1,675,000	1,791,000
Net Non Operating Interest Income Expense	-6,804,000	-6,759,000	-6,704,000	-6,108,000
Interest Expense Non Operating	6,804,000	6,759,000	6,704,000	6,108,000
Operating Income	25,000,000	24,124,000	24,654,000	22,911,000
Operating Expense	49,828,000	48,991,000	47,651,000	46,982,000
Depreciation Amortization Depletion Income Statement	20,886,000	20,580,000	18,777,000	18,021,000
Depreciation And Amortization In Income Statement	20,886,000	20,580,000	18,777,000	18,021,000
Selling General And Administration	28,942,000	28,411,000	28,874,000	28,961,000
Gross Profit	74,828,000	73,115,000	72,305,000	69,893,000
Cost Of Revenue	50,820,000	49,221,000	50,123,000	50,848,000
Total Revenue	125,648,000	122,336,000	122,428,000	120,741,000
Operating Revenue	125,648,000	122,336,000	122,428,000	120,741,000

Balance Sheet

	2025	2024	2023	2022	2021
Treasury Shares Number	583,246	444,853	470,685	493,157
Preferred Shares Number	118,000	138,000	118,000	118,000
Ordinary Shares Number	7,037,502	7,175,895	7,150,063	7,128,000
Share Issued	7,620,749	7,620,749	7,620,749	7,621,157
Net Debt	117,866,000	120,234,000	130,609,000	132,319,000
Total Debt	155,043,000	140,923,000	154,899,000	154,679,000
Tangible Book Value	-86,294,000	-91,350,000	-97,059,000	-99,841,000
Invested Capital	246,633,000	227,904,000	240,628,000	233,520,000
Working Capital	-5,048,000	-15,704,000	-14,669,000	-23,065,000
Net Tangible Assets	-86,294,000	-91,350,000	-97,059,000	-99,841,000
Capital Lease Obligations	18,943,000	17,391,000	17,568,000	18,659,000
Common Stock Equity	110,533,000	104,372,000	103,297,000	97,500,000
Total Capitalization	237,622,000	222,815,000	231,151,000	225,923,000
Total Equity Gross Minority Interest	128,492,000	120,225,000	119,415,000	106,457,000
Minority Interest	17,959,000	15,853,000	16,118,000	8,957,000
Stockholders Equity	110,533,000	104,372,000	103,297,000	97,500,000
Gains Losses Not Affecting Retained Earnings	-860,000	795,000	2,300,000	2,766,000
Other Equity Adjustments	-1,209,000	-604,000	-1,029,000	-1,998,000
Foreign Currency Translation Adjustments	-1,401,000	-1,755,000	-1,337,000	-1,800,000
Minimum Pension Liabilities	1,778,000	3,200,000	4,723,000	6,654,000
Unrealized Gain Loss	-28,000	-46,000	-57,000	-90,000
Treasury Stock	18,529,000	15,023,000	16,128,000	17,082,000
Retained Earnings	15,768,000	1,871,000	-5,015,000	-19,415,000
Additional Paid In Capital	106,533,000	109,108,000	114,519,000	123,610,000
Capital Stock	7,621,000	7,621,000	7,621,000	7,621,000
Common Stock	7,621,000	7,621,000	7,621,000	7,621,000
Total Liabilities Net Minority Interest	291,706,000	274,570,000	287,645,000	296,396,000
Total Non Current Liabilities Net Minority Interest	237,926,000	227,698,000	236,518,000	240,223,000
Other Non Current Liabilities	25,104,000	23,900,000	23,696,000	28,849,000
Employee Benefits	8,478,000	9,025,000	8,734,000	7,260,000
Non Current Pension And Other Postretirement Benefit Plans	8,478,000	9,025,000	8,734,000	7,260,000
Non Current Deferred Liabilities	58,312,000	58,939,000	58,666,000	57,032,000
Non Current Deferred Taxes Liabilities	58,312,000	58,939,000	58,666,000	57,032,000
Long Term Debt And Capital Lease Obligation	146,032,000	135,834,000	145,422,000	147,082,000
Long Term Capital Lease Obligation	18,943,000	17,391,000	17,568,000	18,659,000
Long Term Debt	127,089,000	118,443,000	127,854,000	128,423,000
Current Liabilities	53,780,000	46,872,000	51,127,000	56,173,000
Other Current Liabilities				2,670,000	33,555,000
Current Deferred Liabilities	4,266,000	4,099,000	3,778,000	3,918,000
Current Deferred Revenue	4,266,000	4,099,000	3,778,000	3,918,000
Current Debt And Capital Lease Obligation	9,011,000	5,089,000	9,477,000	7,597,000
Current Debt	9,011,000	5,089,000	9,477,000	7,597,000
Other Current Borrowings		5,089,000	7,386,000	6,601,000	7,934,000
Line Of Credit				0	10,100,000
Commercial Paper		0	2,091,000	866,000	6,586,000
Current Notes Payable			7,386,000	130,000	9,179,000
Pensionand Other Post Retirement Benefit Plans Current	635,000	570,000	631,000	1,173,000
Payables And Accrued Expenses	39,868,000	37,114,000	37,241,000	40,815,000
Current Accrued Expenses	4,363,000	4,035,000	3,885,000	3,765,000
Interest Payable	2,361,000	2,020,000	2,187,000	2,160,000
Payables	35,505,000	33,079,000	33,356,000	37,050,000
Other Payable	3,021,000	2,318,000	3,005,000	3,137,000
Dividends Payable	1,989,000	2,027,000	2,020,000	2,014,000
Total Tax Payable	585,000	1,301,000	1,022,000	798,000
Accounts Payable	29,910,000	27,433,000	27,309,000	31,101,000
Total Assets	420,198,000	394,795,000	407,060,000	402,853,000
Total Non Current Assets	371,466,000	363,627,000	370,602,000	369,745,000
Other Non Current Assets	19,332,000	17,830,000	19,601,000	19,612,000
Investments And Advances	1,106,000	295,000	1,251,000	3,533,000
Long Term Equity Investment	1,106,000	295,000	1,251,000	3,533,000
Investmentsin Associatesat Cost				3,533,000	6,168,000
Goodwill And Other Intangible Assets	196,827,000	195,722,000	200,356,000	197,341,000
Other Intangible Assets	133,402,000	132,290,000	132,502,000	129,446,000
Goodwill	63,425,000	63,432,000	67,854,000	67,895,000
Net PPE	154,201,000	149,780,000	149,394,000	149,259,000
Accumulated Depreciation	-216,011,000	-222,043,000	-211,402,000	-202,185,000
Gross PPE	370,212,000	371,823,000	360,796,000	351,444,000
Construction In Progress	7,705,000	7,452,000	5,640,000	7,182,000
Other Properties	215,025,000	203,782,000	196,393,000	188,022,000
Machinery Furniture Equipment	105,438,000	119,270,000	118,006,000	116,108,000
Buildings And Improvements	40,674,000	39,947,000	39,380,000	38,751,000
Land And Improvements	1,370,000	1,372,000	1,377,000	1,381,000
Current Assets	48,732,000	31,168,000	36,458,000	33,108,000
Other Current Assets	19,235,000	15,962,000	17,270,000	14,818,000
Assets Held For Sale Current				0	119,776,000
Restricted Cash		1,268,000	1,381,000	1,045,000	2,706,000
Prepaid Assets					17,793,000
Inventory	2,420,000	2,270,000	2,177,000	3,123,000
Receivables	8,843,000	9,638,000	10,289,000	11,466,000
Accounts Receivable	8,843,000	9,638,000	10,289,000	11,466,000
Allowance For Doubtful Accounts Receivable	-429,000	-375,000	-499,000	-588,000
Gross Accounts Receivable	9,272,000	10,013,000	10,788,000	12,054,000
Cash Cash Equivalents And Short Term Investments	18,234,000	3,298,000	6,722,000	3,701,000
Cash And Cash Equivalents	18,234,000	3,298,000	6,722,000	3,701,000
Cash Equivalents		1,149,000	5,354,000	2,835,000	15,965,000
Cash Financial		2,149,000	1,368,000	866,000	5,204,000

Cash Flow

	2025	2024	2023	2022	2021
Free Cash Flow	19,442,000	18,508,000	20,461,000	12,397,000
Repurchase Of Capital Stock	-6,575,000	-215,000	-194,000	-890,000
Repayment Of Debt	-5,528,000	-12,784,000	-16,503,000	-45,193,000
Issuance Of Debt	14,027,000	510,000	15,410,000	6,934,000
Issuance Of Capital Stock	21,000	15,000	3,000	28,000
Capital Expenditure	-20,842,000	-20,263,000	-17,853,000	-19,626,000
Interest Paid Supplemental Data		7,132,000	7,370,000	7,772,000	7,485,000
Income Tax Paid Supplemental Data		2,456,000	1,599,000	592,000	252,000
End Cash Position	18,527,000	3,406,000	6,833,000	3,793,000
Beginning Cash Position	3,406,000	6,833,000	3,793,000	21,316,000
Changes In Cash	15,121,000	-3,427,000	3,040,000	-17,523,000
Financing Cash Flow	-6,386,000	-24,708,000	-15,614,000	-23,741,000
Cash From Discontinued Financing Activities		0	0	35,823,000	-316,000
Cash Flow From Continuing Financing Activities	-6,386,000	-24,708,000	-15,614,000	-59,564,000
Net Other Financing Charges	-151,000	-4,026,000	-6,194,000	-10,584,000
Cash Dividends Paid	-8,180,000	-8,208,000	-8,136,000	-9,859,000
Common Stock Dividend Paid		-8,208,000	-8,136,000	-9,859,000	-15,068,000
Net Preferred Stock Issuance	-2,075,000	0	0	0
Preferred Stock Payments	-2,075,000	0	0	-2,665,000
Net Common Stock Issuance	-4,479,000	-200,000	-191,000	-862,000
Common Stock Payments	-4,500,000	-215,000	-194,000	-890,000
Common Stock Issuance	21,000	15,000	3,000	28,000
Net Issuance Payments Of Debt	8,499,000	-12,274,000	-1,093,000	-38,259,000
Net Short Term Debt Issuance	0	-1,996,000	947,000	-16,120,000
Short Term Debt Payments	0	-2,487,000	-4,459,000	-20,075,000
Short Term Debt Issuance	0	491,000	5,406,000	3,955,000
Net Long Term Debt Issuance	8,499,000	-10,278,000	-2,040,000	-22,139,000
Long Term Debt Payments	-5,528,000	-10,297,000	-12,044,000	-25,118,000
Long Term Debt Issuance	14,027,000	19,000	10,004,000	2,979,000
Investing Cash Flow	-18,777,000	-17,490,000	-19,660,000	-25,805,000
Cash From Discontinued Investing Activities		0	0	1,094,000	399,000
Cash Flow From Continuing Investing Activities	-18,777,000	-17,490,000	-19,660,000	-26,899,000
Net Other Investing Changes	-955,000	-425,000	-84,000	-3,000
Dividends Received Cfi	0	928,000	2,049,000	2,649,000
Net Investment Purchase And Sale	181,000	2,575,000	-902,000	82,000
Net Business Purchase And Sale	2,839,000	-305,000	-2,870,000	-10,001,000
Sale Of Business	3,218,000	75,000	72,000	199,000
Purchase Of Business	-379,000	-380,000	-2,942,000	-10,200,000
Capital Expenditure Reported	-20,842,000	-20,263,000	-17,853,000	-19,626,000
Operating Cash Flow	40,284,000	38,771,000	38,314,000	32,023,000
Cash From Discontinued Operating Activities		0	0	-3,789,000	4,788,000
Cash Flow From Continuing Operating Activities	40,284,000	38,771,000	38,314,000	35,812,000
Change In Working Capital	240,000	-619,000	734,000	-1,849,000
Change In Other Working Capital	2,226,000	1,978,000	2,618,000	-947,000
Change In Other Current Assets			-642,000	-674,000	-1,288,000
Change In Payables And Accrued Expense	884,000	-1,104,000	-1,574,000	-1,109,000
Change In Inventory	-460,000	70,000	747,000	-674,000
Change In Receivables	-2,410,000	-1,563,000	-1,057,000	881,000
Changes In Account Receivables	-1,526,000	123,000	82,000	727,000
Other Non Cash Items	-379,000	1,260,000	535,000	-969,000
Provisionand Write Offof Assets	2,271,000	1,969,000	1,969,000	1,865,000
Asset Impairment Charge	838,000	5,075,000	1,193,000	27,498,000
Deferred Tax		1,570,000	3,037,000	2,975,000	7,412,000
Deferred Income Tax		1,570,000	3,037,000	2,975,000	7,412,000
Depreciation Amortization Depletion	20,886,000	20,580,000	18,777,000	18,021,000
Depreciation And Amortization	20,886,000	20,580,000	18,777,000	18,021,000
Amortization Cash Flow		3,235,000	184,000	3,141,000	218,000
Amortization Of Intangibles		3,235,000	184,000	3,141,000	218,000
Depreciation		17,345,000	18,593,000	14,880,000	17,634,000
Operating Gains Losses	-6,958,000	-1,747,000	-517,000	-4,855,000
Pension And Employee Benefit Expense	-1,069,000	-1,827,000	-958,000	-5,236,000
Earnings Losses From Equity Investments					184,000
Gain Loss On Investment Securities	-5,889,000	80,000	441,000	381,000
Net Income From Continuing Operations	23,386,000	12,253,000	15,623,000	-6,874,000

These metrics estimate what AT&T Inc. is worth based on its fundamentals — independent of what the market currently prices it at. Graham's Fair Value and NCAV are conservative floors rooted in 1930s–60s principles. EPV assumes zero growth. None are price targets — they are reference points for judging whether the current price offers a margin of safety.

Graham's Fair Value

$32.99

Margin of Safety

20.9%

Market Cap ÷ Company Value

1.85

P/B Ratio

1.64

Warren's Owner Earnings

$63.7B

Latest fiscal year

Graham's 7 Criteria

Defensive Investor Checklist

4/7 — Enterprising Investor

✅ Adequate Size

$125.6B

vs > $1.5B revenue

❌ Strong Financial Condition

0.91x

vs Current Ratio > 2.0x

❌ Earnings Stability

1 loss years (4 yrs data)

vs No negative EPS years

✅ Dividend Record

4.25%

vs Uninterrupted dividends

✅ Earnings Growth

+54.3% EPS growth

vs > 33% EPS growth

✅ Moderate P/E Ratio

8.6x

vs P/E ≤ 15.0x

❌ Moderate Price-to-Book

1.64x P/B (P/E×P/B: 14.1)

vs P/B ≤ 1.5x | P/E × P/B ≤ 22.5

Net Current Asset Value

$-34.97

Negative NCAV — liabilities exceed current assets. Common in capital-return businesses (buybacks, debt-funded dividends) and capital-intensive industries. Not automatically a warning sign.

"Buy at two-thirds of net current assets." — Graham

Earnings Power Value

$39.98

Per share, no-growth floor. Compare to current price.

Cash Flow Analysis

Metric	2025	2024	2023	2022	2021
Capital Expenditure % of Net Income	94.9%	185.1%	124.0%	N/A	N/A
Repurchase of Capital Stock	-$6.6B	-$215M	-$194M	-$890M	N/A
Free Cash Flow	$19.4B ▲	$18.5B ▼	$20.5B ▲	$12.4B •	N/A •
Warren's Owner Earnings	$63.7B	$51.8B	$51.0B	$29.1B	N/A

Peers & Industry Comparison

Telecom Services — Auto-detected peers

Company	Price	Market Cap	P/E	Gross Margin	Net Margin	Revenue
T	$26.09	$181.2B	8.58	59.6%	17.5%	$125.6B
VZ Verizon Communications Inc.	$47.55	$198.6B	11.6	58.9%	12.5%	$139.1B
TMUS T-Mobile US, Inc.	$194.17	$210.1B	20.6	63.3%	11.6%	$90.5B
CMCSA Comcast Corporation	$27.05	$96.6B	5.3	70.1%	15.0%	$125.3B
CHTR Charter Communications, Inc.	$166.10	$23.4B	4.5	55.3%	9.0%	$54.6B

"The management of a business is its most important single factor — more important than market position, patents, or financial structure."

— Benjamin Graham

Capital Allocation & Alignment

Insider Ownership

0.09%

Low — management has little skin in the game

Return on Equity (ROE)

19.9%

Excellent — management generates strong returns on equity

Return on Assets (ROA)

5.2%

Strong — management uses assets efficiently

Share Buybacks (Latest Year)

$6.6B

Management is returning capital to shareholders via buybacks

Debt Trend YoY

+10.0% YoY

Debt is growing — management is leveraging up

Leadership Team

John Stankey

CEO, President & Chairman

Age 62

Pay: $8,909,937

0.041% of net income

Pascal Desroches CPA

Senior EVP & CFO

Age 61

Pay: $5,144,684

0.023% of net income

Jeffery Scott McElfresh

Chief Operating Officer

Age 55

Pay: $4,612,074

0.021% of net income

Brett Joseph Feldman

Senior Vice President of Finance & Investor Relations

Rick Moore

Senior Vice President of Corporate Development

Age 73

Top Institutional Holders

Institution	% Owned	Shares
Vanguard Group Inc	9.56%	664,055,700
Blackrock Inc.	8.20%	569,870,247
State Street Corporation	4.78%	332,089,723
Newport Trust Company, LLC	2.64%	183,451,879
Geode Capital Management, LLC	2.46%	171,003,772
Bank of America Corporation	1.72%	119,742,478
Morgan Stanley	1.54%	106,944,397
NORGES BANK	1.26%	87,841,255

⚠️ Current ratio below 1 — liquidity risk

Risk Analysis

Beta (Market Risk)

0.42

Low volatility — more stable than the market

Short Interest

1.7% of float

Low short interest — market is not heavily bearish

Debt-to-Equity

1.25x

Moderate leverage

Current Ratio

0.92x

Weak liquidity — current liabilities exceed current assets

52-Week Price Range

Low: $22.95 Current: $26.09 High: $29.79

Currently at 46% of 52-week range

360investing