Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. SBA Communications's
Operating Income
for the
three
months ended in Mar. 2026 was €329 Mil. SBA Communications's Interest Expense for the
three
months ended in Mar. 2026 was €-112 Mil.
SBA Communications's interest coverage for the quarter that ended in Mar. 2026 was 2.94.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. SBA Communications Corp interest coverage is 3.15, which is low.
The historical rank and industry rank for SBA Communications's Interest Coverage or its related term are showing as below:
STU:4SB'
s Interest Coverage Range Over the Past 10 Years
Min: 1.3 Med: 1.94 Max: 3.67
Current: 3.15
STU:4SB's Interest Coverage is ranked better than 50.64% of 701
companies
in the REITs industry
Industry Median: 3.12
vs STU:4SB: 3.15
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
SBA Communications Interest Coverage Related Terms
SBA Communications Interest Coverage Historical Data
* Premium members only.
The historical data trend for SBA Communications's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
STU:4SB vs WY, LAMR, GLPI: Interest Coverage Comparison
For the REIT - Specialty subindustry, SBA Communications's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, SBA Communications's Interest Coverage distribution charts can be found below:
* The bar in red indicates where SBA Communications's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 (STU:4SB) has a Interest Coverage of 2.94 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on SBA Communications and its competitors. This is 52% above median its historical median of 1.94. Over the past decade, SBA Communications' Interest Coverage has ranged from 1.30 to 3.67. According to the industry distribution chart, SBA Communications ranks #346 out of 701 companies in the REITs industry, placing it in the top 49.4%.
Is SBA Communications' Interest Coverage too high?
SBA Communications' current Interest Coverage of 2.94 is 52% above median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 3.67. The REITs industry median Interest Coverage is 3.12. SBA Communications' value of 2.94 is 5.8% below this industry median. Based on the distribution chart, SBA Communications ranks #346 out of 701 companies in the REITs industry, which is above the industry midpoint. Overall, SBA Communications has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does SBA Communications' Interest Coverage compare to WY and LAMR?
According to the REITs industry distribution chart, SBA Communications ranks #346 out of 701 companies for Interest Coverage. This puts SBA Communications in the upper half of its industry. The industry median Interest Coverage is 3.12. SBA Communications' value of 2.94 is 5.8% below this benchmark. Historically, SBA Communications' own Interest Coverage has ranged from 1.30 to 3.67 over the past decade. While the company's 10-year median is 1.94 vs. the industry median of 3.12, SBA Communications has consistently been below 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 Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.12, based on 701 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SBA Communications's current Interest Coverage of 2.94 is 5.8% below 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on SBA Communications and its competitors. For the REITs industry, the median Interest Coverage is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBA Communications's current Interest Coverage is 2.94, which is 52% above median its own 10-year median of 1.94. 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?
SBA Communications (STU:4SB) has a current Interest Coverage of 2.94. The stock's GF Value™ is €202.60, compared to a current price of €156.00 — trading 23% below its estimated fair value. The current Interest Coverage is 2.94, which is 52% above median its 10-year median of 1.94 and 5.8% below the REITs industry median of 3.12. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For SBA Communications (STU:4SB), the current Interest Coverage is 2.94 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 (STU:4SB) Overvalued in 2026?
Based on GuruFocus' analysis, SBA Communications stock appears to be undervalued.
The current stock price of €156.00 is trading 23% below its estimated GF Value™ of €202.60.
Key valuation signals for STU:4SB:
Interest Coverage: 2.94 (52% above median its 10-year median of 1.94)
GF Value™: €202.60 vs. price of €156.00 (23% below fair value)
Industry Position: 5.8% below the REITs median (#346 of 701)
No single metric tells the full story. See the STU:4SB 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
Get the complete analysis for STU:4SB
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