SBA Communications (MEX:SBAC) PB Ratio: (As of Jul. 14, 2026)

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Director of Data and Quant Analytics at GuruFocus
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MEX:SBAC SBA Communications Corp MEX:SBAC
85 GF Score
Price MXN3,220.00
GF Value MXN4,015.28
! 5 Warning Signs
View Full Analysis

What is SBA Communications PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-14), SBA Communications's share price is MXN3220.00. SBA Communications's Book Value per Share for the quarter that ended in Mar. 2026 was MXN-807.87. Hence, SBA Communications's PB Ratio of today is .

The historical rank and industry rank for SBA Communications's PB Ratio or its related term are showing as below:

MEX:SBAC's PB Ratio is not ranked *
in the REITs industry.
Industry Median: 0.86
* Ranked among companies with meaningful PB Ratio only.

During the past 3 years, the average Book Value Per Share Growth Rate was 2.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -0.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -13.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of SBA Communications was 79.50% per year. The lowest was -267.60% per year. And the median was -3.90% per year.

Back to Basics: PB Ratio


SBA Communications  (MEX:SBAC) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


SBA Communications PB Ratio Related Terms


SBA Communications PB Ratio Historical Data

* Premium members only.

The historical data trend for SBA Communications's PB Ratio 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.

SBA Communications PB Ratio Chart

SBA Communications Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

SBA Communications Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

MEX:SBAC vs WY, LAMR, GLPI: PB Ratio Comparison

For the REIT - Specialty subindustry, SBA Communications's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, SBA Communications's PB Ratio distribution charts can be found below:

* The bar in red indicates where SBA Communications's PB Ratio falls into.


MEX:SBAC
85GF Score
SBA Communications Corp MEX:SBAC
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SBA Communications PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

SBA Communications's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=3220.00/-807.869
=

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Is SBA Communications (MEX:SBAC) Overvalued in 2026?

Based on GuruFocus' analysis, SBA Communications stock appears to be undervalued. The current stock price of MXN3,220.00 is trading 19.8% below its estimated GF Value™ of MXN4,015.28.

Key valuation signals for MEX:SBAC:

  • PB Ratio:
  • GF Value™: MXN4,015.28 vs. price of MXN3,220.00 (19.8% below fair value)
  • GF Score™: 85/100 with 5 warning signs

No single metric tells the full story. See the MEX:SBAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SBA Communications Business Description

Industry Real EstateREITs
Other Exchanges SBAC:USA0KYZ:UK4SB:Germany
Address 8051 Congress Avenue, Boca Raton, FL, USA, 33487
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

Get the complete analysis for MEX:SBAC

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN3,220.00
Price
MXN4,015.28
GF Value