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SBA Communications (MEX:SBAC) Cyclically Adjusted PB Ratio : (As of Jun. 03, 2025)


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What is SBA Communications Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


SBA Communications Cyclically Adjusted PB Ratio Historical Data

The historical data trend for SBA Communications's Cyclically Adjusted PB Ratio 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.

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SBA Communications Cyclically Adjusted PB Ratio Chart

SBA Communications Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
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SBA Communications Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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Competitive Comparison of SBA Communications's Cyclically Adjusted PB Ratio

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 PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

SBA Communications's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

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.

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.


SBA Communications  (MEX:SBAC) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


SBA Communications Cyclically Adjusted PB Ratio Related Terms

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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.