diff --git a/esphome/components/analog_threshold/analog_threshold_binary_sensor.cpp b/esphome/components/analog_threshold/analog_threshold_binary_sensor.cpp
index f679b9994f..8dcbb2ac4b 100644
--- a/esphome/components/analog_threshold/analog_threshold_binary_sensor.cpp
+++ b/esphome/components/analog_threshold/analog_threshold_binary_sensor.cpp
@@ -14,7 +14,8 @@ void AnalogThresholdBinarySensor::setup() {
   if (std::isnan(sensor_value)) {
     this->publish_initial_state(false);
   } else {
-    this->publish_initial_state(sensor_value >= (this->lower_threshold_ + this->upper_threshold_) / 2.0f);
+    this->publish_initial_state(sensor_value >=
+                                (this->lower_threshold_.value() + this->upper_threshold_.value()) / 2.0f);
   }
 }
 
@@ -24,7 +25,8 @@ void AnalogThresholdBinarySensor::set_sensor(sensor::Sensor *analog_sensor) {
   this->sensor_->add_on_state_callback([this](float sensor_value) {
     // if there is an invalid sensor reading, ignore the change and keep the current state
     if (!std::isnan(sensor_value)) {
-      this->publish_state(sensor_value >= (this->state ? this->lower_threshold_ : this->upper_threshold_));
+      this->publish_state(sensor_value >=
+                          (this->state ? this->lower_threshold_.value() : this->upper_threshold_.value()));
     }
   });
 }
@@ -32,8 +34,8 @@ void AnalogThresholdBinarySensor::set_sensor(sensor::Sensor *analog_sensor) {
 void AnalogThresholdBinarySensor::dump_config() {
   LOG_BINARY_SENSOR("", "Analog Threshold Binary Sensor", this);
   LOG_SENSOR("  ", "Sensor", this->sensor_);
-  ESP_LOGCONFIG(TAG, "  Upper threshold: %.11f", this->upper_threshold_);
-  ESP_LOGCONFIG(TAG, "  Lower threshold: %.11f", this->lower_threshold_);
+  ESP_LOGCONFIG(TAG, "  Upper threshold: %.11f", this->upper_threshold_.value());
+  ESP_LOGCONFIG(TAG, "  Lower threshold: %.11f", this->lower_threshold_.value());
 }
 
 }  // namespace analog_threshold
diff --git a/esphome/components/analog_threshold/analog_threshold_binary_sensor.h b/esphome/components/analog_threshold/analog_threshold_binary_sensor.h
index 619aef1075..efb8e3c90c 100644
--- a/esphome/components/analog_threshold/analog_threshold_binary_sensor.h
+++ b/esphome/components/analog_threshold/analog_threshold_binary_sensor.h
@@ -15,14 +15,13 @@ class AnalogThresholdBinarySensor : public Component, public binary_sensor::Bina
   float get_setup_priority() const override { return setup_priority::DATA; }
 
   void set_sensor(sensor::Sensor *analog_sensor);
-  void set_upper_threshold(float threshold) { this->upper_threshold_ = threshold; }
-  void set_lower_threshold(float threshold) { this->lower_threshold_ = threshold; }
+  template<typename T> void set_upper_threshold(T upper_threshold) { this->upper_threshold_ = upper_threshold; }
+  template<typename T> void set_lower_threshold(T lower_threshold) { this->lower_threshold_ = lower_threshold; }
 
  protected:
   sensor::Sensor *sensor_{nullptr};
-
-  float upper_threshold_;
-  float lower_threshold_;
+  TemplatableValue<float> upper_threshold_{};
+  TemplatableValue<float> lower_threshold_{};
 };
 
 }  // namespace analog_threshold
diff --git a/esphome/components/analog_threshold/binary_sensor.py b/esphome/components/analog_threshold/binary_sensor.py
index 775b3e6bbf..b5f87b9b5c 100644
--- a/esphome/components/analog_threshold/binary_sensor.py
+++ b/esphome/components/analog_threshold/binary_sensor.py
@@ -18,11 +18,11 @@ CONFIG_SCHEMA = (
         {
             cv.Required(CONF_SENSOR_ID): cv.use_id(sensor.Sensor),
             cv.Required(CONF_THRESHOLD): cv.Any(
-                cv.float_,
+                cv.templatable(cv.float_),
                 cv.Schema(
                     {
-                        cv.Required(CONF_UPPER): cv.float_,
-                        cv.Required(CONF_LOWER): cv.float_,
+                        cv.Required(CONF_UPPER): cv.templatable(cv.float_),
+                        cv.Required(CONF_LOWER): cv.templatable(cv.float_),
                     }
                 ),
             ),
@@ -39,9 +39,11 @@ async def to_code(config):
     sens = await cg.get_variable(config[CONF_SENSOR_ID])
     cg.add(var.set_sensor(sens))
 
-    if isinstance(config[CONF_THRESHOLD], float):
-        cg.add(var.set_upper_threshold(config[CONF_THRESHOLD]))
-        cg.add(var.set_lower_threshold(config[CONF_THRESHOLD]))
+    if isinstance(config[CONF_THRESHOLD], dict):
+        lower = await cg.templatable(config[CONF_THRESHOLD][CONF_LOWER], [], float)
+        upper = await cg.templatable(config[CONF_THRESHOLD][CONF_UPPER], [], float)
     else:
-        cg.add(var.set_upper_threshold(config[CONF_THRESHOLD][CONF_UPPER]))
-        cg.add(var.set_lower_threshold(config[CONF_THRESHOLD][CONF_LOWER]))
+        lower = await cg.templatable(config[CONF_THRESHOLD], [], float)
+        upper = lower
+    cg.add(var.set_upper_threshold(upper))
+    cg.add(var.set_lower_threshold(lower))
diff --git a/tests/components/analog_threshold/common.yaml b/tests/components/analog_threshold/common.yaml
index b5c14dfe56..44d79756b5 100644
--- a/tests/components/analog_threshold/common.yaml
+++ b/tests/components/analog_threshold/common.yaml
@@ -26,3 +26,17 @@ binary_sensor:
     threshold: 100
     filters:
       - invert:
+  - platform: analog_threshold
+    name: Analog Threshold 3
+    sensor_id: template_sensor
+    threshold: !lambda return 100;
+    filters:
+      - invert:
+  - platform: analog_threshold
+    name: Analog Threshold 4
+    sensor_id: template_sensor
+    threshold:
+      upper: !lambda return 110;
+      lower: !lambda return 90;
+    filters:
+      - invert: