Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). SBA Communications's share price for the quarter that ended in Dec. 2023 was $253.69. SBA Communications's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 108 Mil. Therefore, SBA Communications's market cap for the quarter that ended in Dec. 2023 was $27,411 Mil.
SBA Communications's quarterly market cap
declined
from Jun. 2023 ($25,118 Mil) to Sep. 2023 ($21,642 Mil) but then
increased
from Sep. 2023 ($21,642 Mil) to Dec. 2023 ($27,411 Mil).
SBA Communications's annual market cap
declined
from Dec. 2021 ($42,386 Mil) to Dec. 2022 ($30,273 Mil) and
declined
from Dec. 2022 ($30,273 Mil) to Dec. 2023 ($27,411 Mil).
Enterprise Value is 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 and cash equivalents. SBA Communications's Enterprise Value for Today is $35,635 Mil.
SBA Communications Market Cap Historical Data
The historical data trend for SBA Communications's Market Cap 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.
Competitive Comparison of SBA Communications's Market Cap
For the REIT - Specialty subindustry, SBA Communications's Market Cap, along with its competitors' market caps and Market Cap 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's Market Cap Distribution in the REITs Industry
For the REITs industry and Real Estate sector, SBA Communications's Market Cap distribution charts can be found below:
* The bar in red indicates where SBA Communications's Market Cap falls into.
SBA Communications Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
SBA Communications's Market Cap for the fiscal year that ended in Dec. 2023 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 (NAS:SBAC) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
SBA Communications Market Cap Related Terms
Thank you for viewing the detailed overview of SBA Communications's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
SBA Communications (SBA Communications) Business Description
SBA Communications owns and operates almost 40,000 cell towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who install equipment on the towers to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company owns more than 17,000 towers in the U.S., which accounted for about three fourths of the company's total revenue in 2022. Internationally, SBA's greatest presence is in Brazil, where it operates roughly 10,000 towers. SBA operates as a real estate investment trust, or REIT.
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