Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, SBA Communications's Enterprise Value is $34,791 Mil.
SBA Communications's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $1,712 Mil. Therefore, SBA Communications's EV-to-EBIT ratio for today is 20.33.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, SBA Communications's Enterprise Value is $34,791 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 ratio for today is 17.22.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, SBA Communications's Enterprise Value is $34,791 Mil.
SBA Communications's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $2,854 Mil. Therefore, SBA Communications's EV-to-Revenue ratio for today is 12.19.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
SBA Communications (NAS:SBAC) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
SBA Communications's current Enterprise Value is $34,791 Mil.
SBA Communications's EBIT 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 $1,712 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
SBA Communications's current Enterprise Value is $34,791 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.
SBA Communications's current Enterprise Value is $34,791 Mil.
SBA Communications's Revenue 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 $2,854 Mil.
SBA Communications's current Enterprise Value is $34,791 Mil.
SBA Communications's Cash Flow from Operations 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 $1,245 Mil.
SBA Communications's current Enterprise Value is $34,791 Mil.
SBA Communications's Free Cash Flow 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 $1,018 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 Enterprise Value Related Terms
SBA Communications Enterprise Value Historical Data
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The historical data trend for SBA Communications's Enterprise Value 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.
SBAC vs WY, LAMR, GLPI: Enterprise Value Comparison
For the REIT - Specialty subindustry, SBA Communications's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs REITs Industry
For the REITs industry and Real Estate sector, SBA Communications's Enterprise Value distribution charts can be found below:
* The bar in red indicates where SBA Communications's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
SBA Communications's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Enterprise Value of $34,791 Mil as of Jun. 25, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on SBA Communications and its competitors.
Is SBA Communications' Enterprise Value too high?
SBA Communications' current Enterprise Value is $34,791 Mil. Overall, SBA Communications has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SBA Communications' Enterprise Value compare to WY and LAMR?
SBA Communications' Enterprise Value of $34,791 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a REITs company?
A good Enterprise Value depends on the REITs industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on SBA Communications and its competitors. SBA Communications's current Enterprise Value is $34,791 Mil. 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 $233.11, compared to a current price of $185.46 — trading 20.4% below its estimated fair value. The current Enterprise Value is $34,791 Mil. SBA Communications' overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For SBA Communications (SBAC), the current Enterprise Value is $34,791 Mil as of Jun. 25, 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 $185.46 is trading 20.4% below its estimated GF Value™ of $233.11.
GuruFocus considers SBA Communications to be Modestly Undervalued.
Key valuation signals for SBAC:
Enterprise Value: $34,791 Mil
GF Value™: $233.11 vs. price of $185.46 (20.4% 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.
85GF Score
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