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SBA CommunicationsSBAC -2.80%83 Debt-to-EBITDA is 8.63 as of Mar. 2026, which is 6% below its 10-year median of 9.15. GuruFocus rates SBAC with a GF Score™ of 83/100 and a GF Value™ of $233.40 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 578 REITs companies, SBA Communications ranks worse than 60.21% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for SBA Communications's Debt-to-EBITDA or its related term are showing as below:
SBAC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 7.62 Med: 9.15 Max: 12.24
Current: 7.63
During the past 13 years, the highest Debt-to-EBITDA Ratio of SBA Communications was 12.24. The lowest was 7.62. And the median was 9.15.
SBAC's Debt-to-EBITDA is ranked worse than 60.21% of 578
companies
in the REITs industry
Industry Median: 6.51
vs SBAC: 7.63
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
SBA Communications Debt-to-EBITDA Related Terms
SBA Communications Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for SBA Communications's Debt-to-EBITDA 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.
For the REIT - Specialty subindustry, SBA Communications's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, SBA Communications's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where SBA Communications's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
SBA Communications (SBAC) has a Debt-to-EBITDA of 8.63 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on SBA Communications. This is near median its historical median of 9.15. Over the past decade, SBA Communications' Debt-to-EBITDA has ranged from 7.62 to 12.24. According to the industry distribution chart, SBA Communications ranks #348 out of 578 companies in the REITs industry, placing it in the top 60.2%.
Is SBA Communications' Debt-to-EBITDA too high?
SBA Communications' current Debt-to-EBITDA of 8.63 is near median its 10-year median of 9.15. Over the past 10 years, this metric has ranged from a low of 7.62 to a high of 12.24. The REITs industry median Debt-to-EBITDA is 6.51. SBA Communications' value of 8.63 is 32.6% above this industry median. Based on the distribution chart, SBA Communications ranks #348 out of 578 companies in the REITs industry, which is below the industry midpoint. Overall, SBA Communications has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SBA Communications' Debt-to-EBITDA compare to WY and LAMR?
According to the REITs industry distribution chart, SBA Communications ranks #348 out of 578 companies for Debt-to-EBITDA. This places SBA Communications in the lower half of its industry. The industry median Debt-to-EBITDA is 6.51. SBA Communications' value of 8.63 is 32.6% above this benchmark. Historically, SBA Communications' own Debt-to-EBITDA has ranged from 7.62 to 12.24 over the past decade. While the company's 10-year median is 9.15 vs. the industry median of 6.51, SBA Communications has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.51, based on 578 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SBA Communications's current Debt-to-EBITDA of 8.63 is 32.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on SBA Communications. For the REITs industry, the median Debt-to-EBITDA is 6.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBA Communications's current Debt-to-EBITDA is 8.63, which is near median its own 10-year median of 9.15. 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 $233.40, compared to a current price of $176.81 — trading 24.2% below its estimated fair value. The current Debt-to-EBITDA is 8.63, which is near median its 10-year median of 9.15 and 32.6% above the REITs industry median of 6.51. SBA Communications' overall GF Score™ is 83/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For SBA Communications (SBAC), the current Debt-to-EBITDA is 8.63 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 $176.81 is trading 24.2% below its estimated GF Value™ of $233.40.
GuruFocus considers SBA Communications to be Modestly Undervalued.
Key valuation signals for SBAC:
Debt-to-EBITDA: 8.63 (near median its 10-year median of 9.15)
GF Value™: $233.40 vs. price of $176.81 (24.2% below fair value)
Industry Position: 32.6% above the REITs median (#348 of 578)
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 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.
83GF Score
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