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/S ratio

Alert me on P/S ratio

As of 16 October 2026, SBA Communications Corporation (SBAC) trades at a P/S ratio of 6.9×. Over the past ten years it has ranged from 5.8× (October 2026) to 18.9× (December 2021); the current reading is higher than 3% of that period. That is above the Reit Specialty industry median of 5.9× and above the Real Estate sector median of 2.9×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 7.4× (10.02%)
FY2024 8.2× (19.54%)
FY2023 10.2× (11.90%)
FY2022 11.5× (37.30%)
FY2021 18.4× 21.95%
FY2020 15.1× 11.94%
FY2019 13.5× 35.33%
FY2018 10.0× (10.53%)
FY2017 11.1× 38.58%
FY2016 8.0× (1.87%)

Quarterly newest first

Period P/S ratio Change
Jun 2026 6.5× 2.19%
Mar 2026 6.4× (13.38%)
Dec 2025 7.4× (0.92%)
Sep 2025 7.4× (19.78%)
42 more quarters

Against its own ten years

Low 5.8× High 18.9×
Ten-year median 10.0×
Current reading's percentile 3

P/S ratio against peers

Company P/S ratio
WY Weyerhaeuser Company compare 2.1×
OUT OUTFRONT Media Inc. compare 2.8×
IRM Iron Mountain Incorporated compare 4.4×
RYN Rayonier Inc. compare 5.9×
LAMR Lamar Advertising Company compare 6.5×
GLPI Gaming and Leisure Properties, Inc. compare 6.8×
SBAC SBA Communications Corporation 6.9×
CCI Crown Castle Inc. compare 8.6×
DLR Digital Realty Trust, Inc. compare 9.2×
Reit Specialty industry median 5.9×
Real Estate sector median 2.9×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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