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) P/E ratio

Alert me on 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

Against its own ten years

Low 0.0× High 1,284×
Ten-year median 51.4×
Current reading's percentile 5

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)

The full definition of P/E ratio →

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