AT&T stock - PE = 7.5, Enterprise Value/EBITDA = 5.49
PEG - Public Service Electric & Gas - PE = 19, Enterprise Value/EBITDA = 13.4
Is it because AT&T is too high tech ? Seems like across the board, all utility stocks have better PE ratios than telco stocks.
If a telco is low growth because it is a utility / commodity, why is it so much worse than utility stocks.