SBAC

SBA Communications Corporation

Real Estate · $17.1B market cap

Verdict

Share price

$158.49

close of Oct 3, 2026

Fair value

$153.11

Sticker Price

Payback Price

$61.24

buy price

Fairly Valued

SBAC is Fairly Valued: at $158.49 it's within 4% of its fair value of $153.11. Its buy price (Payback Price) is $61.24, 61% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.

How we valued it

FFO-Based (REIT). A real estate trust. Depreciation makes a property owner's profit look smaller than the cash it brings in, so we value it on funds from operations (FFO).

Business quality

4 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth36.0% a year✓
Equity per share growth0.6% a year✗
Sales growth11.9% a year✓
Free cash flow growth15.5% a year✓
Return on invested capital10.4%✓

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Superinvestors

1 of the investors we track holds SBAC. Who we track

Insider activity

Since Aug 1, 2026: no open-market purchases, 1 sale worth $55K and 2 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About SBA Communications Corporation

SBA Communications Corporation stands as a premier owner, operator, and provider of crucial wireless communication infrastructure across North, Central, and South America, in addition to South Africa. Guided by its mission to 'Build Better Wireless,' the company primarily earns revenue from two core business areas: the leasing of antenna space and providing comprehensive site development services. Its central…

REIT - Specialty

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works