SBAC

Nasdaq

SBA COMMUNICATIONS CORP

Real Estate, Telecom Tower REITs

$184.03

close 7 Aug 2026

-16.01%

52-week change

$19.52B

market cap

$162.41

$225.33

52-week range

Expected price

$399.38 – $488.13

Current price

$184.03

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)19.83x

P/S (TTM)6.80x

P/B-4.22x

EV/EBITDA (TTM)18.92x

FCF yield (TTM)5.38%

PEG (TTM, GAAP)0.61

Context

P/E, own 5-year average59.11x

P/E, sector median34.68x*

Price at 5-year median P/E$443.56*

Indicated dividend yield2.72%

Forward — analyst consensus

Forward P/E (FY2026)23.84x*

Forward P/E (FY2027)22.42x

Forward PEG3.77*

Consensus EPS FY2026 (10 analysts)$7.72

EPS growth (FY2026→FY2027)6.32%

Revenue growth (FY2026)1.78%

Street view

Price target (mean)$228.25*

Target upside24.03%

Ratings (buy / hold / sell)11 / 10 / 0

FY2026 EPS revisions, 30d (up / down)3 / 6

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 6 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +1.35%10Y CAGR +7.57%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$184.03

Cash & equivalents$327.05M

Total debt$12.73B

Shares outstanding106.09M

Result

DCF price per share$51.86

Current price$184.03

Margin of safety-71.82%

PV of years 1–10$7.53B

PV of terminal value$10.37B

Equity value$5.50B

Market-implied growth+8.76%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$1.06B	$1.08B	$1.09B	$1.11B	$1.12B	$1.14B	$1.15B	$1.17B	$1.19B	$1.20B	$22.39B
PV	$986.02M	$925.31M	$868.33M	$814.87M	$764.69M	$717.61M	$673.42M	$631.96M	$593.04M	$556.53M	$10.37B

period to 30 Jun 2026, filed 6 Aug 2026, close 7 Aug 2026