Latest Ratios: P/E Ratio 17.7x · EV/EBITDA 6.3x · ROE 18.1%. (1998–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $78.5B | $62.5B | $44.2B | $58.4B | $58.2B | $69.6B | $48.2B | $52.8B | $47.1B | $56.5B | $41.3B |
| Enterprise Value | $129.1B | $946.2B | $788.2B | $657.6B | $669.2B | $693.6B | $750.0B | $777.9B | $664.3B | $730.1B | $725.9B |
| P/E Ratio → | 17.70 | 0.80 | 1.93 | 0.77 | 0.70 | 1.02 | 1.37 | 0.91 | 0.90 | 1.95 | 4.83 |
| P/S Ratio | 1.55 | 0.07 | 0.05 | 0.07 | 0.07 | 0.08 | 0.06 | 0.06 | 0.05 | 0.06 | 0.04 |
| P/B Ratio | 3.22 | 0.15 | 0.10 | 0.14 | 0.13 | 0.15 | 0.15 | 0.23 | 0.19 | 0.22 | 0.15 |
| P/FCF | 11.37 | 0.52 | 0.35 | 0.64 | 0.74 | 0.70 | 0.32 | 0.64 | 0.49 | 0.70 | 0.51 |
| P/OCF | 6.02 | 0.27 | 0.18 | 0.24 | 0.26 | 0.27 | 0.17 | 0.23 | 0.19 | 0.26 | 0.18 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.07 | 0.91 | 0.81 | 0.79 | 0.84 | 0.92 | 0.91 | 0.64 | 0.71 | 0.74 |
| EV / EBITDA | 6.35 | 2.66 | 2.57 | 2.32 | 2.25 | 2.35 | 2.74 | 2.83 | 2.28 | 2.85 | 2.87 |
| EV / EBIT | 12.13 | 4.59 | 4.74 | 4.41 | 4.20 | 4.74 | 5.52 | 5.87 | 5.10 | 7.97 | 7.23 |
| EV / FCF | — | 7.84 | 6.24 | 7.17 | 8.46 | 6.93 | 4.96 | 9.44 | 6.88 | 9.01 | 8.99 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.9% | 42.9% | 61.9% | 61.2% | 60.9% | 60.5% | 60.3% | 59.0% | 51.0% | 51.4% | 50.3% |
| Operating Margin | 21.0% | 21.0% | 20.7% | 20.6% | 20.2% | 20.2% | 18.3% | 16.9% | 13.4% | 9.8% | 11.2% |
| Net Profit Margin | 8.8% | 8.8% | 2.6% | 9.3% | 9.0% | 23.2% | 5.7% | 8.0% | 5.1% | 2.9% | 0.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.1% | 18.1% | 5.4% | 17.7% | 17.1% | 50.0% | 17.3% | 28.7% | 20.8% | 11.0% | 4.0% |
| ROA | 4.3% | 4.3% | 1.4% | 4.8% | 4.6% | 11.6% | 3.0% | 4.6% | 3.6% | 2.0% | 0.6% |
| ROIC | 11.2% | 11.2% | 12.3% | 12.2% | 12.1% | 12.0% | 11.3% | 11.9% | 11.6% | 7.9% | 9.4% |
| ROCE | 14.3% | 14.3% | 15.4% | 15.5% | 15.0% | 14.7% | 14.0% | 14.6% | 13.7% | 9.5% | 11.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.14 | 2.14 | 1.81 | 1.48 | 1.47 | 1.46 | 2.34 | 3.28 | 2.60 | 2.68 | 2.61 |
| Debt / EBITDA | 2.58 | 2.58 | 2.55 | 2.21 | 2.17 | 2.25 | 2.70 | 2.71 | 2.20 | 2.73 | 2.79 |
| Net Debt / Equity | — | 2.06 | 1.72 | 1.42 | 1.40 | 1.37 | 2.23 | 3.20 | 2.51 | 2.58 | 2.53 |
| Net Debt / EBITDA | 2.49 | 2.49 | 2.43 | 2.12 | 2.05 | 2.11 | 2.57 | 2.64 | 2.12 | 2.63 | 2.70 |
| Debt / FCF | — | 7.32 | 5.89 | 6.53 | 7.73 | 6.23 | 4.64 | 8.80 | 6.40 | 8.31 | 8.48 |
| Interest Coverage | 2.82 | 2.82 | 2.48 | 3.41 | 3.98 | 4.01 | 3.50 | 3.03 | 3.76 | 2.68 | 2.46 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.74 | 0.74 | 0.72 | 0.65 | 0.74 | 0.76 | 0.70 | 0.63 | 0.75 | 0.83 | 0.73 |
| Quick Ratio | 0.68 | 0.68 | 0.67 | 0.61 | 0.69 | 0.71 | 0.64 | 0.55 | 0.66 | 0.73 | 0.65 |
| Cash Ratio | 0.07 | 0.07 | 0.17 | 0.19 | 0.25 | 0.29 | 0.17 | 0.11 | 0.13 | 0.17 | 0.14 |
| Asset Turnover | — | 0.49 | 0.48 | 0.52 | 0.52 | 0.49 | 0.50 | 0.56 | 0.73 | 0.69 | 0.64 |
| Inventory Turnover | 17.81 | 17.81 | 13.94 | 16.42 | 13.77 | 13.58 | 10.65 | 8.49 | 12.62 | 12.79 | 13.16 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.3% | 49.8% | 70.2% | 52.2% | 50.8% | 40.0% | 19.9% | 45.9% | 47.5% | 28.5% | 33.4% |
| Payout Ratio | 40.0% | 40.0% | 135.4% | 40.0% | 38.8% | 14.5% | 20.5% | 35.8% | 42.6% | 54.9% | 159.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.6% | 124.8% | 51.7% | 130.7% | 142.9% | 97.6% | 72.9% | 110.0% | 110.9% | 51.3% | 20.7% |
| FCF Yield | 8.8% | 193.2% | 285.9% | 157.2% | 135.9% | 143.8% | 314.0% | 156.1% | 205.1% | 143.4% | 195.6% |
| Buyback Yield | 0.8% | 17.9% | 51.5% | 24.5% | 44.9% | 52.8% | 10.5% | 0.8% | 1.1% | 2.2% | 17.0% |
| Total Shareholder Yield | 3.1% | 67.7% | 100.0% | 76.7% | 95.7% | 92.7% | 30.4% | 46.7% | 48.6% | 30.7% | 50.5% |
| Shares Outstanding | — | $3.0B | $3.1B | $3.2B | $3.2B | $3.3B | $3.3B | $3.3B | $3.3B | $3.3B | $3.3B |
Regulatory and currency volatility
Based on current market data, AMX trades at a P/E of 17.92 and an EV/EBITDA of 6.39, suggesting that investors are applying a significant discount compared to regional peers, likely due to the inherent volatility of its multi-currency operations and persistent regulatory headwinds in the Mexican market.
The forward EV/EBITDA multiple of 0.38 appears to imply an expectation of significant earnings compression or a major shift in capital structure following recent infrastructure spin-offs. Investors should monitor whether this valuation gap represents a mispricing of the company's digital transformation efforts or a rational response to the structural risks of its legacy telecommunications business.
As reported in financial statements, AMX's ROIC has hovered near 3.0% over the last ten quarters, a figure that suggests the company is struggling to generate returns above its cost of capital, particularly when compared to the more efficient performance of US-based telecommunications incumbents like T-Mobile.
The persistent inability to drive ROIC higher indicates that the massive capital intensity required for 5G and fiber deployment is not yet yielding the expected margin expansion. This trend warrants further investigation into whether the company's regional scale provides a true competitive advantage or if it merely serves to lock the firm into a low-return, high-maintenance infrastructure cycle.
According to recent quarterly filings, AMX's cash conversion cycle has fluctuated wildly, ranging from -5 to 44 days, which suggests that the company lacks the working capital stability seen in more mature, single-market telecommunications operators that benefit from predictable billing and payment cycles.
The erratic nature of the DSO and DPO metrics implies that the company's regional operations are highly sensitive to local economic conditions and payment behaviors. This instability complicates cash flow forecasting and suggests that management may be struggling to standardize operational efficiency across its diverse Latin American footprint.
Based on reported figures, AMX's debt-to-EBITDA ratio reached 9.61 in 2025Q4, a level that appears elevated compared to historical norms and suggests that the company's financial flexibility is increasingly limited by its reliance on external debt to fund ongoing network infrastructure and shareholder return programs.
The interest coverage ratio, which dipped as low as 1.28 in 2024Q2, indicates that the company's ability to service its debt is highly sensitive to interest rate fluctuations and operating income volatility. Investors should monitor the company's ability to deleverage, as current debt levels may leave little room for error in the event of a regional economic downturn.
The most commonly misapplied metric for AMX is EBITDA, which frequently obscures the company's true economic reality by ignoring the massive, recurring capital expenditures required to maintain its aging copper and emerging fiber networks across its diverse Latin American markets.
Because EBITDA fails to account for the depreciation of these heavy assets, it provides an overly optimistic view of the company's cash-generating power. Analysts should instead focus on Free Cash Flow (FCF) after capital expenditures to better understand the actual cash available for debt service and shareholder returns, as the current reliance on EBITDA masks the underlying capital intensity of the business.
Includes 30+ ratios · 28 years · Updated daily
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Quick answers to the most common questions about buying AMX stock.
América Móvil, S.A.B. de C.V.'s current P/E ratio is 17.7x. The historical average is 1.4x. This places it at the 100th percentile of its historical range.
América Móvil, S.A.B. de C.V.'s current EV/EBITDA is 6.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.1x.
América Móvil, S.A.B. de C.V.'s return on equity (ROE) is 18.1%. The historical average is 23.0%.
Based on historical data, América Móvil, S.A.B. de C.V. is trading at a P/E of 17.7x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
América Móvil, S.A.B. de C.V.'s current dividend yield is 2.25% with a payout ratio of 40.0%.
América Móvil, S.A.B. de C.V. has 42.9% gross margin and 21.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
América Móvil, S.A.B. de C.V.'s Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.