Stock Analysis
SBA Communications CorpSBAC
P/E 20.03×· 5Y range 16.92–148.05×· bottom 6% of history
Sector: Real Estate · Industry: Real Estate Investment Trusts
AnalystsBuy27 analystsP/E 20.0× sits at the 6th percentile of its 5.086926762491444-year history.
Cash covers 2% of debt · Q2 2026.
PMP Verdict
Mixed fundamentals, cheap valuation
Strengths
- Quality84
- Growth62
Risks
- Financial Health13
Mixed business trading cheap — priced for skepticism.
Bull Case
- ✓Piotroski F-Score 7/9 — high earnings quality
- ✓P/E 20.0× at bottom 6% of 5-year history
What's happening with SBAC
Profile
Strong earnings quality; financial health lags behind.
How is each axis scored?
- Valuation62/100 · Moderate
- P/E vs own history (6th pct)25/25
- FCF yield (5.3%)20/25
- P/S (6.9x)12/25
- EV/EBIT (25.4x)5/25
- Growth62/100 · Moderate
- Revenue CAGR (5.1%)12/25
- Net income CAGR (45.1%)25/25
- EPS CAGR 5Y (46.3%)25/25
- Fwd implied growth (-6.5%)0/25
- Profitability62/100 · Moderate
- ROIC (10.5%)12/25
- ROE (n/a)0/25
- Net margin (34.5%)25/25
- Operating margin (47.6%)25/25
- Financial Health13/100 · Weak
- Altman Z (-0.53)3/25
- Current ratio (0.17)0/25
- Interest coverage (3.7x)10/25
- Net cash / debt (D/A 127%)0/25
- Quality84/100 · Strong
- Piotroski F (7/9)22/25
- Beneish M (-3.03)25/25
- FCF conversion (106%)25/25
- Margin stability (σ 9.4%)12/25
- Moat62/100 · Moderate
- ROIC >12% years (2/10 yrs)0/25
- Median gross margin (93.0%)25/25
- FCF-positive years (10/10 yrs)25/25
- Worst-year net margin (worst 1.2%)12/25
Risk Flags
- ⚠Altman Z -0.5 — distress-zone balance sheet
About SBA Communications Corp
SBA Communications owns a portfolio of about 46,000 wireless towers throughout North America, South America, and Africa. Show more
It leases space on its towers to wireless service providers, who install equipment to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market generated by the top three or four mobile carriers. It owns more than 17,000 towers in the US, which account for about 70% of leasing revenue. Internationally, SBA's largest markets are Brazil and Guatemala, where it owns roughly 12,000 and 5,000 towers, respectively. SBA operates as a real estate investment trust.
Headquarters: BOCA RATON, FL · Employees: 1,844 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
62BP/E (TTM)20.0xB
Grade B: FairPrice / TTM EPS (own statements) — vs own 5Y history: 16.9x–148.1x · 6th pct
P/FCF30.8xC
Grade C: ExpensivePrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield5.3%A
Grade A: ValueTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 2.3%–6.3% · 79th pct
P/S (TTM)6.91xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 5.8x–19.2x · 6th pct
EV/EBIT25.4xD
Grade D: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 20.0x–73.7x · 25th pct
EV/Sales11.0xD
Grade D: Very expensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E21.4xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B RatioNeg. EquityC
Grade C: BuybacksPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio1.40B
Grade B: FairFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield2.62%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio51.0%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
62BROIC10.5%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROENeg. EquityC
Grade C: BuybacksReturn on Equity. Neg. equity = heavy buybacks
ROA8.6%C
Grade C: AverageReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin34.5%A
Grade A: HighNet Income / Revenue
Operating Margin47.6%A
Grade A: HighTTM EBIT / TTM Revenue
Gross Margin93.4%A
Grade A: PremiumGross Profit / Revenue
FCF Margin36.6%A
Grade A: HighFCF / Revenue
True FCF Margin33.7%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
62BRevenue CAGR5.1%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR45.1%A
Grade A: HighCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)46.3%A
Grade A: HighCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth-6.5%D
Grade D: Decl.Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-4.6%A
Grade A: BuybacksShare count change over 5Y
SBC / Net Income8.5%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue2.9%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
13EAltman Z-Score-0.53D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio0.17xD
Grade D: LowCurrent Assets/Liabilities
Quick Ratio0.16xD
Grade D: Low(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage3.7xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment14.2yD
Grade D: SlowYears to repay net debt via FCF
Net Debt/EBIT10.9xD
Grade D: HighLeverage. <2x Low, >4x High
Debt/Equity—
Debt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.02xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
84APiotroski F-Score7/9A
Grade A: StrongFinancial strength 0–9. >7 Strong
Beneish M-Score-3.03A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion106.1%A
Grade A: StrongFCF / Net Income
Margin Stability9.4%C
Grade C: AverageEBIT margin std deviation. Lower = stable
Capex / Revenue8.1%C
Grade C: AverageTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.25xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Krouse George R Jr Filed | Krouse George R Jr | SellOpen market sale | -300 | |
DAY DONALD Filed | DAY DONALD | Option exercise | -457 | |
DAY DONALD Filed | DAY DONALD | Tax withholding | -171 | |
DAY DONALD Filed | DAY DONALD | Option exercise | +457 | |
BOWEN LAURIE Filed | BOWEN LAURIE | Grant / award | +1.1K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Wilson Amy E Filed | Wilson Amy E | Grant / award | +1.1K | |
Johnson Jay LeCoryelle Filed | Johnson Jay LeCoryelle | Grant / award | +1.1K | |
Chan Mary S Filed | Chan Mary S | Grant / award | +1.1K |
Option exercise (M) rows report a derivative leg, not an open-market sale — a paired negative entry is the option position being consumed.
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
62BROIC >12% Years2/10 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)93.0%A
Grade A: DurableMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor1.2%C
Grade C: ModerateWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$9.34
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$3.36
Cash & short-term investments per share (Finnhub)
Book Value / Share$1.24
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$15.21B
Total debt obligations (short + long term)
Cash & Equiv.$327.05M
Cash and short-term investments
Net Debt$14.88B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$-4.54B
Shareholders' equity (book value)
Asset / Liability—
Total Assets / Total Liabilities
Market
Market Cap$19.84B
Current Market Capitalization
Beta1.01B
Grade B: MarketPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: SBA Communications Corp (SBAC)
SBAC is up 1.82% at the last close. SBA Communications Corp meets 7 of 9 Piotroski F-Score criteria, placing its fundamental strength in the top tier of US-listed stocks. Altman Z-Score of -0.53 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of -3.03 suggests a low likelihood of earnings manipulation.
- SBA Communications Corp converts about 37% of revenue into free cash flow — strong cash generation.
- Takes ~14.2 years to repay net debt from free cash flow.
- The stock currently yields 2.6% in dividends.
See how SBAC ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all SBAC moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 9 | Pre-market | 183.71 | +8.06% | 4.75 |
| Oct 9 | Regular | 181.25 | +6.61% | 3.97 |
| Oct 9 | After-hours | 182.65 | +7.43% | 4.42 |
| Oct 8 | After-hours | 180.04 | +5.67% | 3.19 |
| Oct 6 | Regular | 168.86 | +4.35% | 3.56 |
Frequently Asked Questions about SBAC
What is the current SBA Communications Corp (SBAC) stock price?
SBAC is trading at $187.06 at the last market close, up 1.82% on the session. PreMarketPrice tracks SBAC pre-market, intraday and after-hours prices.
Is SBAC stock a buy right now?
PreMarketPrice's quantitative model rates SBA Communications Corp's financial health at 13/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is SBAC stock overvalued?
SBA Communications Corp trades at a trailing P/E of 20.0 and our valuation score rates it 62/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does SBA Communications Corp report earnings?
No confirmed earnings date is currently scheduled for SBAC. The Earnings section lists recent reports and updates as dates are announced.
What sector does SBA Communications Corp operate in?
SBA Communications Corp operates in the Real Estate sector, within the Real Estate Investment Trusts industry. The Related Stocks section lists sector peers for comparison.
What does SBA Communications Corp do?
SBA Communications owns a portfolio of about 46,000 wireless towers throughout North America, South America, and Africa.
About SBA Communications Corp (SBAC) Stock
SBA Communications Corp (SBAC) is a US-listed stock operating in the Real Estate sector, specifically the Real Estate Investment Trusts industry. As of the latest update, SBA Communications Corp is trading at $187.06, up 1.82% on the day with a market capitalization of $19.8 billion. The financial health score for SBAC is 13/100, which indicates poor financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for SBAC stock.
SBAC Stock Analysis & Key Metrics
On PreMarketPrice, you can track SBA Communications Corp (SBAC) across multiple dimensions:
- Pre-market price & movement: Real-time SBAC stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for SBAC with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for SBA Communications Corp across multiple reporting periods.
- Financial health score: A composite score of 13/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for SBAC.
- Sector peers: Compare SBAC against 5 other real estate stocks on key financial metrics.
Is SBAC a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate SBA Communications Corp (SBAC) as an investment. The financial health score of 13/100 suggests poor financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.SBA Communications Corp (SBAC) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.