SBA Communications Corporation

SBAC Real Estate Reit Specialty

SBA Communications Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 5.06% from fiscal 2024. In the quarter to June 2026, revenue grew 2.33%, EPS fell 11.0%, free cash flow grew 11.3% and total debt rose 1.74%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years.

187.06 3.34 +1.82%
Market cap
$19.5B
P/E
20.1×
Fwd P/E
27.6×
Dividend yield
2.60%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

SBA Communications Corporation (SBAC) EV/Sales

Alert me on EV/Sales

As of 16 October 2026, SBA Communications Corporation (SBAC) trades at a EV/Sales of 11.2×. Over the past ten years it has ranged from 10.1× (October 2026) to 24.1× (December 2021); the current reading is higher than 3% of that period. That is above the Reit Specialty industry median of 8.5× and above the Real Estate sector median of 7.6×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 11.8× (7.40%)
FY2024 12.7× (12.93%)
FY2023 14.6× (10.61%)
FY2022 16.4× (30.54%)
FY2021 23.6× 16.25%
FY2020 20.3× 9.23%
FY2019 18.6× 22.04%
FY2018 15.2× (7.71%)
FY2017 16.5× 23.84%
FY2016 13.3× 0.28%

Quarterly newest first

Period EV/Sales Change
Jun 2026 10.8× 0.23%
Mar 2026 10.8× (8.39%)
Dec 2025 11.8× (0.25%)
Sep 2025 11.8× (14.01%)
42 more quarters

Against its own ten years

Low 10.1× High 24.1×
Ten-year median 15.0×
Current reading's percentile 3

EV/Sales against peers

Company EV/Sales
WY Weyerhaeuser Company compare 2.8×
OUT OUTFRONT Media Inc. compare 4.1×
IRM Iron Mountain Incorporated compare 6.7×
RYN Rayonier Inc. compare 7.6×
LAMR Lamar Advertising Company compare 8.0×
SBAC SBA Communications Corporation 11.2×
GLPI Gaming and Leisure Properties, Inc. compare 11.5×
DLR Digital Realty Trust, Inc. compare 11.7×
CCI Crown Castle Inc. compare 12.6×
Reit Specialty industry median 8.5×
Real Estate sector median 7.6×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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