Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
60/100RyuScore 60 out of 100, Above average
60
Today's price. Only valuation depends on it.
-50%-40%-30%-20%-10%today+10%+20%+30%
Above average. AT&T scores higher than 68% of the 1,794 companies Ryufin scores.
Carried by valuation and capital allocation, held back by return on capital and the balance sheet.
Communication Services median 55 · all companies 50
Valuation
26% of the score
91median 13
AT&T is valued at 8.4x its operating profit before acquisition amortisation (EBITA), including debt: a low multiple.
25x
20x
15x
10x
6x
8.4x
Full points at 6x or less, none from 25xfull points
Return on capital
18% of the score
11median 34
Over 7 years the business earned 3.5% a year after tax on the capital it uses.
2%
8%
15%
25%
3.5%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 5.9%
Return on new capital
16% of the score
60median 49
For every dollar of operating profit earned over 6 years, yearly profit grew by 5 cents. It did so while using less capital than before.
-5%
12%
5.1%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
83median 64
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countDown 0.8% a year over 5 years: buybacks
72
5%
-3%
-0.8%
0 pointsfull points
Assets against salesAssets grew -4.4% a year, sales -2.6%
99
12%
-2%
-1.8%
0 pointsfull points
Cycle position
12% of the score
47median 62
Today's operating margin of 20% is 1.23x its normal 16%: above its usual level. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
1.2x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow 20%
Balance sheet
8% of the score
32median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDA2.8x a year of EBITDA
44
4.5x
0.5x
2.8x
0 pointsfull points
Interest coverOperating profit covers interest 4x
20
1.5x
12x
3.6x
0 pointsfull points
Earnings quality
6% of the score
91median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 2.48x profit over 3 years
100
0.7x
1x
1.3x
2.5x
0 pointsfull points
AccrualsCash ran ahead of profit by 4.5% of assets
83
8%
0%
-8%
-4.5%
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.