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SBA Communications (MEX:SBAC) Cyclically Adjusted Book per Share : MXN-808.16 (As of Mar. 2025)


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What is SBA Communications Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

SBA Communications's adjusted book value per share for the three months ended in Mar. 2025 was MXN-941.345. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN-808.16 for the trailing ten years ended in Mar. 2025.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -25.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -33.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of SBA Communications was -1.80% per year. The lowest was -434.50% per year. And the median was -25.00% per year.

As of today (2025-05-30), SBA Communications's current stock price is MXN4494.54. SBA Communications's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN-808.16. SBA Communications's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SBA Communications was 247.20. The lowest was 44.59. And the median was 60.86.


SBA Communications Cyclically Adjusted Book per Share Historical Data

The historical data trend for SBA Communications's Cyclically Adjusted Book per Share 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.

* Premium members only.

SBA Communications Cyclically Adjusted Book per Share Chart

SBA Communications Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -268.05 -344.39 -510.21 -603.34 -841.79

SBA Communications Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share 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 -747.65 -637.33 -697.70 -841.79 -808.16

Competitive Comparison of SBA Communications's Cyclically Adjusted Book per Share

For the REIT - Specialty subindustry, SBA Communications's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SBA Communications's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, SBA Communications's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where SBA Communications's Cyclically Adjusted PB Ratio falls into.


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SBA Communications Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, SBA Communications's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-941.345/134.9266*134.9266
=-941.345

Current CPI (Mar. 2025) = 134.9266.

SBA Communications Quarterly Data

Book Value per Share CPI Adj_Book
201506 -138.664 100.684 -185.824
201509 -227.416 100.392 -305.648
201512 -233.310 99.792 -315.452
201603 -223.632 100.470 -300.326
201606 -238.666 101.688 -316.678
201609 -259.637 101.861 -343.919
201612 -340.071 101.863 -450.456
201703 -297.599 102.862 -390.367
201706 -296.684 103.349 -387.333
201709 -345.987 104.136 -448.289
201712 -438.360 104.011 -568.655
201803 -403.720 105.290 -517.360
201806 -520.556 106.317 -660.637
201809 -514.940 106.507 -652.345
201812 -589.719 105.998 -750.664
201903 -565.941 107.251 -711.983
201906 -567.205 108.070 -708.165
201909 -624.213 108.329 -777.471
201912 -618.741 108.420 -770.011
202003 -907.416 108.902 -1,124.269
202006 -887.867 108.767 -1,101.405
202009 -889.325 109.815 -1,092.690
202012 -873.862 109.897 -1,072.890
202103 -943.268 111.754 -1,138.854
202106 -879.543 114.631 -1,035.264
202109 -931.245 115.734 -1,085.674
202112 -994.748 117.630 -1,141.023
202203 -1,001.986 121.301 -1,114.538
202206 -1,014.294 125.017 -1,094.695
202209 -999.533 125.227 -1,076.957
202212 -952.499 125.222 -1,026.319
202303 -876.766 127.348 -928.945
202306 -805.514 128.729 -844.297
202309 -832.357 129.860 -864.835
202312 -812.326 129.419 -846.893
202403 -803.478 131.776 -822.687
202406 -906.321 132.554 -922.545
202409 -947.802 133.029 -961.323
202412 -990.799 133.157 -1,003.966
202503 -941.345 134.927 -941.345

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


SBA Communications  (MEX:SBAC) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SBA Communications was 247.20. The lowest was 44.59. And the median was 60.86.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


SBA Communications Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of SBA Communications's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


SBA Communications Business Description

Industry
Traded in Other Exchanges
Address
8051 Congress Avenue, Boca Raton, FL, USA, 33487
SBA Communications owns and operates almost 40,000 cell towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. It owns more than 17,000 towers in the US, which accounted for about 70% of the company's total revenue in 2023. Internationally, SBA's greatest presence is in Brazil, where it operates roughly 10,000 towers. SBA operates as a real estate investment trust.