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SBA CommunicationsSBAC -1.79%83 EV-to-EBITDA is 16.66 as of Jul. 23, 2026, which is 38% below its 10-year median of 26.68. 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 680 REITs companies, SBA Communications ranks worse than 58.09% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, SBA Communications's enterprise value is $33,666 Mil.
SBA Communications's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $2,020 Mil. Therefore, SBA Communications's EV-to-EBITDA for today is 16.66.
The historical rank and industry rank for SBA Communications's EV-to-EBITDA or its related term are showing as below:
SBAC'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 16.38 Med: 26.68 Max: 47.05
Current: 16.66
During the past 13 years, the highest EV-to-EBITDA of SBA Communications was 47.05. The lowest was 16.38. And the median was 26.68.
SBAC's EV-to-EBITDA is ranked worse than 58.09% of 680
companies
in the REITs industry
Industry Median: 15.445
vs SBAC: 16.66
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
SBA Communications's PE Ratio (TTM) for today is calculated as:
SBA Communications's share price for today is $174.73.
SBA Communications's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.500.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for SBA Communications's EV-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 EV-to-EBITDA, along with its competitors' market caps and EV-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 EV-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, SBA Communications's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where SBA Communications's EV-to-EBITDA falls into.
SBA Communications's current Enterprise Value is $33,666 Mil.
SBA Communications's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,020 Mil.
* 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 EV-to-EBITDA of 16.66 as of Jul. 23, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on SBA Communications. This is 38% below median its historical median of 26.68. Over the past decade, SBA Communications' EV-to-EBITDA has ranged from 16.38 to 47.05. According to the industry distribution chart, SBA Communications ranks #395 out of 680 companies in the REITs industry, placing it in the top 58.1%.
Is SBA Communications' EV-to-EBITDA too high?
SBA Communications' current EV-to-EBITDA of 16.66 is 38% below median its 10-year median of 26.68. Over the past 10 years, this metric has ranged from a low of 16.38 to a high of 47.05. The REITs industry median EV-to-EBITDA is 15.45. SBA Communications' value of 16.66 is 7.9% above this industry median. Based on the distribution chart, SBA Communications ranks #395 out of 680 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' EV-to-EBITDA compare to WY and LAMR?
According to the REITs industry distribution chart, SBA Communications ranks #395 out of 680 companies for EV-to-EBITDA. This places SBA Communications in the lower half of its industry. The industry median EV-to-EBITDA is 15.45. SBA Communications' value of 16.66 is 7.9% above this benchmark. Historically, SBA Communications' own EV-to-EBITDA has ranged from 16.38 to 47.05 over the past decade. While the company's 10-year median is 26.68 vs. the industry median of 15.45, 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 EV-to-EBITDA for a REITs company?
The median EV-to-EBITDA among REITs companies is 15.45, based on 680 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SBA Communications's current EV-to-EBITDA of 16.66 is 7.9% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on SBA Communications. For the REITs industry, the median EV-to-EBITDA is 15.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBA Communications's current EV-to-EBITDA is 16.66, which is 38% below median its own 10-year median of 26.68. 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 $174.73 — trading 25.1% below its estimated fair value. The current EV-to-EBITDA is 16.66, which is 38% below median its 10-year median of 26.68 and 7.9% above the REITs industry median of 15.45. 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 EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For SBA Communications (SBAC), the current EV-to-EBITDA is 16.66 as of Jul. 23, 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 $174.73 is trading 25.1% below its estimated GF Value™ of $233.40.
GuruFocus considers SBA Communications to be Modestly Undervalued.
Key valuation signals for SBAC:
EV-to-EBITDA: 16.66 (38% below median its 10-year median of 26.68)
GF Value™: $233.40 vs. price of $174.73 (25.1% below fair value)
Industry Position: 7.9% above the REITs median (#395 of 680)
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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