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SBAC (SBA Communications) Cyclically Adjusted Price-to-FCF : 25.01 (As of Jun. 02, 2025)


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What is SBA Communications Cyclically Adjusted Price-to-FCF?

As of today (2025-06-02), SBA Communications's current share price is $231.06. SBA Communications's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $9.24. SBA Communications's Cyclically Adjusted Price-to-FCF for today is 25.01.

The historical rank and industry rank for SBA Communications's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SBAC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.42   Med: 52.59   Max: 74.96
Current: 25.1

During the past years, SBA Communications's highest Cyclically Adjusted Price-to-FCF was 74.96. The lowest was 21.42. And the median was 52.59.

SBAC's Cyclically Adjusted Price-to-FCF is ranked worse than
78.23% of 418 companies
in the REITs industry
Industry Median: 12.265 vs SBAC: 25.10

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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

SBA Communications's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $2.358. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $9.24 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


SBA Communications Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for SBA Communications's Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Chart

SBA Communications Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.97 65.24 39.54 30.93 22.65

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 Price-to-FCF 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 25.66 22.55 27.15 22.65 23.82

Competitive Comparison of SBA Communications's Cyclically Adjusted Price-to-FCF

For the REIT - Specialty subindustry, SBA Communications's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, SBA Communications's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where SBA Communications's Cyclically Adjusted Price-to-FCF falls into.


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SBA Communications Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

SBA Communications's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=231.06/9.24
=25.01

* 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's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=2.358/134.9266*134.9266
=2.358

Current CPI (Mar. 2025) = 134.9266.

SBA Communications Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.130 100.684 1.514
201509 0.907 100.392 1.219
201512 1.126 99.792 1.522
201603 0.861 100.470 1.156
201606 1.395 101.688 1.851
201609 1.114 101.861 1.476
201612 1.457 101.863 1.930
201703 1.122 102.862 1.472
201706 1.619 103.349 2.114
201709 1.243 104.136 1.611
201712 1.566 104.011 2.031
201803 1.247 105.290 1.598
201806 1.816 106.317 2.305
201809 1.402 106.507 1.776
201812 1.515 105.998 1.928
201903 1.629 107.251 2.049
201906 1.801 108.070 2.249
201909 1.739 108.329 2.166
201912 1.944 108.420 2.419
202003 2.131 108.902 2.640
202006 2.526 108.767 3.134
202009 2.305 109.815 2.832
202012 1.773 109.897 2.177
202103 2.384 111.754 2.878
202106 2.893 114.631 3.405
202109 1.954 115.734 2.278
202112 2.306 117.630 2.645
202203 2.323 121.301 2.584
202206 2.919 125.017 3.150
202209 2.516 125.227 2.711
202212 2.036 125.222 2.194
202303 2.398 127.348 2.541
202306 3.889 128.729 4.076
202309 2.317 129.860 2.407
202312 3.407 129.419 3.552
202403 2.178 131.776 2.230
202406 3.488 132.554 3.550
202409 2.223 133.029 2.255
202412 2.355 133.157 2.386
202503 2.358 134.927 2.358

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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  (NAS:SBAC) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


SBA Communications Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of SBA Communications's Cyclically Adjusted Price-to-FCF 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.
Executives
Jack Langer director C/O SPANISH BROADCASTING SYSTEMS INC., 2601 SOUTH BAYSHORE DR, PENTHOUSE #2, COCONUT GROVE FL 33133
Joshua Koenig officer: Executive VP/General Counsel C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON FL 33487
Mary S Chan director C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON FL 33487
Mark R Ciarfella officer: SVP ?? Operations C/O SBA COMMUNICATIONS CORPORATION, 5900 BROKEN SOUND PARKWAY NW, BOCA RATON FL 33487
Krouse George R Jr director C/O SBA COMMUNICATIONS CORPORATION, 5900 BROKEN SOUND PARKWAY, NW, BOCA RATON FL 33487
Jeffrey Stoops director, officer: Chief Executive Officer & Pres SBA COMMUNICATIONS CORP, ONE TOWN CENTER ROAD THIRD FLOOR, BOCA RATON FL 33486
Jason V Silberstein officer: Vice President-Property Mgt
Brian D Lazarus officer: VP & Chief Accounting Officer 5900 BROKEN SOUND PARKWAY, NW, BOCA RATON FL 33487
Steven E Bernstein director, 10 percent owner, officer: Chairman C/O SBA COMMUNICATIONS CORP, ONE TOWN CENTER ROAD - THIRD FLOOR, BOCO RATON FL 83486
Kevin L Beebe director ONE ALLIED DRIVE, LITTLE ROCK AR 72202
Marc Montagner officer: EVP - Finance C/O ENDURANCE INT'L GROUP HOLDINGS, INC., 10 CORPORATE DRIVE, SUITE 300, BURLINGTON MA 01803
Laurie Bowen director C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON FL 33487
Amy E Wilson director 2211 H.H. DOW WAY, MIDLAND MI 48674
Richard M Cane officer: EVP; Pres. - International C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON FL 33487
Duncan Cocroft director 9 WEST 57TH STREET, 37TH FLOOR, NEW YORK NY 10019