SBAC (SBA Communications) Construction In Progress: $82 Mil (As of Mar. 2026)


SBAC SBA Communications Corp SBAC
86 GF Score
Price $185.47
GF Value $233.11
Valuation Modestly Undervalued
! 5 Warning Signs
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What is SBA Communications Construction In Progress?

SBA Communications SBAC -2.19% 86 Construction In Progress is $82 Mil as of Mar. 2026. GuruFocus rates SBAC with a GF Score™ of 86/100 and a GF Value™ of $233.11 (Modestly Undervalued). The stock has 5 warning signs investors should review.

SBA Communications's quarterly construction in progress declined from Sep. 2025 ($76 Mil) to Dec. 2025 ($73 Mil) but then increased from Dec. 2025 ($73 Mil) to Mar. 2026 ($82 Mil).

SBA Communications's annual construction in progress declined from Dec. 2023 ($106 Mil) to Dec. 2024 ($72 Mil) but then increased from Dec. 2024 ($72 Mil) to Dec. 2025 ($73 Mil).

SBA Communications Construction In Progress Historical Data

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The historical data trend for SBA Communications's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SBA Communications Construction In Progress Chart

SBA Communications Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.57 77.56 105.63 72.20 72.79

SBA Communications Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 77.68 73.37 76.41 72.79 82.29
SBAC
86GF Score
SBA Communications Corp SBAC
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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SBA Communications Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $82 Mil mean?
SBA Communications (SBAC) has a Construction In Progress of $82 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on SBA Communications and its competitors.
Is SBA Communications' Construction In Progress too high?
SBA Communications' current Construction In Progress is $82 Mil. Overall, SBA Communications has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SBA Communications' Construction In Progress compare to WY and LAMR?
SBA Communications' Construction In Progress of $82 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a REITs company?
A good Construction In Progress depends on the REITs industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on SBA Communications and its competitors. SBA Communications's current Construction In Progress is $82 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBA Communications stock overvalued right now?
Based on GuruFocus' analysis, SBA Communications (SBAC) is currently considered Modestly Undervalued. The stock's GF Value™ is $233.11, compared to a current price of $185.47 — trading 20.4% below its estimated fair value. The current Construction In Progress is $82 Mil. SBA Communications' overall GF Score™ is 86/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For SBA Communications (SBAC), the current Construction In Progress is $82 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SBA Communications (SBAC) Overvalued in 2026?

Based on GuruFocus' analysis, SBA Communications stock appears to be undervalued. The current stock price of $185.47 is trading 20.4% below its estimated GF Value™ of $233.11. GuruFocus considers SBA Communications to be Modestly Undervalued.

Key valuation signals for SBAC:

  • Construction In Progress: $82 Mil
  • GF Value™: $233.11 vs. price of $185.47 (20.4% below fair value)
  • GF Score™: 86/100 with 5 warning signs

No single metric tells the full story. See the SBAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

SBA Communications Business Description

Industry Real EstateREITs
Other Exchanges 0KYZ:UK4SB:Germany
Address 8051 Congress Avenue, Boca Raton, FL, USA, 33487
SBA Communications owns a portfolio of about 46,000 wireless towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who install equipment to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market generated by the top three or four mobile carriers. It owns more than 17,000 towers in the US, which account for about 70% of leasing revenue. Internationally, SBA's largest markets are Brazil and Guatemala, where it owns roughly 12,000 and 5,000 towers, respectively. SBA operates as a real estate investment trust.
86GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$185.47
Price
$233.11
GF Value