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A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for SBA Communications's Debt-to-Equity or its related term are showing as below:
SBAC'
s Debt-to-Equity Range Over the Past 10 Years
Min: -5.41 Med: -3 Max: -2.69
Current: -3.24
During the past 13 years, the highest Debt-to-Equity Ratio of SBA Communications was -2.69. The lowest was -5.41. And the median was -3.00.
SBAC's Debt-to-Equity is not ranked
in the REITs industry.
Industry Median: 0.78
vs SBAC: -3.24
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
SBA Communications Debt-to-Equity Related Terms
SBA Communications Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for SBA Communications's Debt-to-Equity 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-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity vs REITs Industry
For the REITs industry and Real Estate sector, SBA Communications's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where SBA Communications's Debt-to-Equity 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.
SBA Communications (SBAC) has a Debt-to-Equity of -3.24 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on SBA Communications and its competitors. According to the industry distribution chart, SBA Communications ranks #999999 out of 689 companies in the REITs industry.
Is SBA Communications' Debt-to-Equity too high?
SBA Communications' current Debt-to-Equity is -3.24. Based on the distribution chart, SBA Communications ranks #999999 out of 689 companies in the REITs industry, which is in the bottom quartile relative to peers. 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-Equity compare to WY and LAMR?
According to the REITs industry distribution chart, SBA Communications ranks #999999 out of 689 companies for Debt-to-Equity. This places SBA Communications in the lower half of its industry. The industry median Debt-to-Equity is 0.78. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 689 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on SBA Communications and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBA Communications's current Debt-to-Equity is -3.24. 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 $175.50 — trading 24.8% below its estimated fair value. The current Debt-to-Equity is -3.24. 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For SBA Communications (SBAC), the current Debt-to-Equity is -3.24 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 $175.50 is trading 24.8% below its estimated GF Value™ of $233.40.
GuruFocus considers SBA Communications to be Modestly Undervalued.
Key valuation signals for SBAC:
Debt-to-Equity: -3.24
GF Value™: $233.40 vs. price of $175.50 (24.8% below fair value)
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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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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