SBA CommunicationsSBAC -2.19%86 EV-to-FCF is 34.17 as of Jun. 24, 2026, which is 17% below its 10-year median of 41.01. GuruFocus rates SBAC with a GF Score™ of 86/100 and a GF Value™ of $233.11 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 740 REITs companies, SBA Communications ranks worse than 70.41% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, SBA Communications's Enterprise Value is $34,791 Mil.
SBA Communications's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $1,018 Mil. Therefore, SBA Communications's EV-to-FCF for today is 34.17.
The historical rank and industry rank for SBA Communications's EV-to-FCF or its related term are showing as below:
SBAC'
s EV-to-FCF Range Over the Past 10 Years
Min: 27.03 Med: 41.01 Max: 57.2
Current: 34.17
During the past 13 years, the highest EV-to-FCF of SBA Communications was 57.20. The lowest was 27.03. And the median was 41.01.
SBAC's EV-to-FCF is ranked worse than 70.41% of 740
companies
in the REITs industry
Industry Median: 23.095
vs SBAC: 34.17
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 $185.47.
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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
SBA Communications EV-to-FCF Related Terms
SBA Communications EV-to-FCF Historical Data
* Premium members only.
The historical data trend for SBA Communications's EV-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.
For the REIT - Specialty subindustry, SBA Communications's EV-to-FCF, along with its competitors' market caps and EV-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 EV-to-FCF vs REITs Industry
For the REITs industry and Real Estate sector, SBA Communications's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where SBA Communications's EV-to-FCF falls into.
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 (SBAC) has a EV-to-FCF of 34.17 as of Jun. 24, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on SBA Communications and its competitors. This is 17% below median its historical median of 41.01. Over the past decade, SBA Communications' EV-to-FCF has ranged from 27.03 to 57.20. According to the industry distribution chart, SBA Communications ranks #521 out of 740 companies in the REITs industry, placing it in the top 70.4%.
Is SBA Communications' EV-to-FCF too high?
SBA Communications' current EV-to-FCF of 34.17 is 17% below median its 10-year median of 41.01. Over the past 10 years, this metric has ranged from a low of 27.03 to a high of 57.20. The REITs industry median EV-to-FCF is 23.10. SBA Communications' value of 34.17 is 48% above this industry median. Based on the distribution chart, SBA Communications ranks #521 out of 740 companies in the REITs industry, which is below the industry midpoint. Overall, SBA Communications has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SBA Communications' EV-to-FCF compare to WY and LAMR?
According to the REITs industry distribution chart, SBA Communications ranks #521 out of 740 companies for EV-to-FCF. This places SBA Communications in the lower half of its industry. The industry median EV-to-FCF is 23.10. SBA Communications' value of 34.17 is 48% above this benchmark. Historically, SBA Communications' own EV-to-FCF has ranged from 27.03 to 57.20 over the past decade. While the company's 10-year median is 41.01 vs. the industry median of 23.10, 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-FCF for a REITs company?
The median EV-to-FCF among REITs companies is 23.10, based on 740 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SBA Communications's current EV-to-FCF of 34.17 is 48% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on SBA Communications and its competitors. For the REITs industry, the median EV-to-FCF is 23.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBA Communications's current EV-to-FCF is 34.17, which is 17% below median its own 10-year median of 41.01. 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 $185.47 — trading 20.4% below its estimated fair value. The current EV-to-FCF is 34.17, which is 17% below median its 10-year median of 41.01 and 48% above the REITs industry median of 23.10. SBA Communications' overall GF Score™ is 86/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For SBA Communications (SBAC), the current EV-to-FCF is 34.17 as of Jun. 24, 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 $185.47 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:
EV-to-FCF: 34.17 (17% below median its 10-year median of 41.01)
GF Value™: $233.11 vs. price of $185.47 (20.4% below fair value)
Industry Position: 48% above the REITs median (#521 of 740)
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.
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