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.
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SBA Communications Corporation (SBAC) P/E ratio
As of 16 October 2026, SBA Communications Corporation (SBAC) trades at a P/E ratio of 20.1×. Over the past ten years it has ranged from 0.0× (December 2020) to 1,284× (March 2021); the current reading is higher than 27% of that period. That is below the Reit Specialty industry median of 27.3× and below the Real Estate sector median of 21.6×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 20.2× | (30.87%) |
| FY2024 | 29.2× | (46.79%) |
| FY2023 | 55.0× | (16.52%) |
| FY2022 | 65.8× | (63.11%) |
| FY2021 | 178× | (86.08%) |
| FY2020 | 1,282× | 591.78% |
| FY2019 | 185× | (53.05%) |
| FY2018 | 395× | 113.86% |
| FY2017 | 185× | 6.72% |
| FY2016 | 173× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 19.0× | 5.06% |
| Mar 2026 | 18.0× | (10.74%) |
| Dec 2025 | 20.2× | (19.51%) |
| Sep 2025 | 25.1× | (15.53%) |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| GLPI Gaming and Leisure Properties, Inc. compare | 11.5× |
| SBAC SBA Communications Corporation | 20.1× |
| OUT OUTFRONT Media Inc. compare | 21.7× |
| LAMR Lamar Advertising Company compare | 27.4× |
| WY Weyerhaeuser Company compare | 29.7× |
| RYN Rayonier Inc. compare | 41.3× |
| CCI Crown Castle Inc. compare | 41.5× |
| IRM Iron Mountain Incorporated compare | 80.4× |
| DLR Digital Realty Trust, Inc. compare | 81.1× |
| Reit Specialty industry median | 27.3× |
| Real Estate sector median | 21.6× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)
More on SBAC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement