SBAC (SBA Communications) ROE % Adjusted to Book Value: Negative Equity% (As of Mar. 2026)


SBAC SBA Communications Corp SBAC
83 GF Score
Price $184.71
GF Value $233.21
Valuation Modestly Undervalued
! 5 Warning Signs
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What is SBA Communications ROE % Adjusted to Book Value?

SBA Communications SBAC +2.10% 83 ROE % Adjusted to Book Value is Negative Equity% as of Mar. 2026. GuruFocus rates SBAC with a GF Score™ of 83/100 and a GF Value™ of $233.21 (Modestly Undervalued). The stock has 5 warning signs investors should review.

SBA Communications's ROE % for the quarter that ended in Mar. 2026 was Negative Equity. SBA Communications's PB Ratio for the quarter that ended in Mar. 2026 was N/A. SBA Communications's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was Negative Equity.


SBA Communications ROE % Adjusted to Book Value Related Terms


SBA Communications ROE % Adjusted to Book Value Historical Data

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The historical data trend for SBA Communications's ROE % Adjusted to Book 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.

SBA Communications ROE % Adjusted to Book Value Chart

SBA Communications Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only Negative Equity Negative Equity Negative Equity Negative Equity Negative Equity

SBA Communications Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 Negative Equity Negative Equity Negative Equity Negative Equity Negative Equity

SBAC vs WY, LAMR, GLPI: ROE % Adjusted to Book Value Comparison

For the REIT - Specialty subindustry, SBA Communications's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book 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 ROE % Adjusted to Book Value vs REITs Industry

For the REITs industry and Real Estate sector, SBA Communications's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where SBA Communications's ROE % Adjusted to Book Value falls into.


SBAC
83GF Score
SBA Communications Corp SBAC
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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SBA Communications ROE % Adjusted to Book Value Calculation

SBA Communications's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=Negative Equity / N/A
=Negative Equity

SBA Communications's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=Negative Equity / N/A
=Negative Equity

* 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.

What does a ROE % Adjusted to Book Value of Negative Equity% mean?
SBA Communications (SBAC) has a ROE % Adjusted to Book Value of Negative Equity% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on SBA Communications and its competitors.
Is SBA Communications' ROE % Adjusted to Book Value too high?
SBA Communications' current ROE % Adjusted to Book Value is Negative Equity%. Overall, SBA Communications has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SBA Communications' ROE % Adjusted to Book Value compare to WY and LAMR?
SBA Communications' ROE % Adjusted to Book Value of Negative Equity% 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 ROE % Adjusted to Book Value for a REITs company?
A good ROE % Adjusted to Book Value depends on the REITs industry context. However, ROE % Adjusted to Book 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on SBA Communications and its competitors. SBA Communications's current ROE % Adjusted to Book Value is Negative Equity%. 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 $233.21, compared to a current price of $184.71 — trading 20.8% below its estimated fair value. The current ROE % Adjusted to Book Value is Negative Equity%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For SBA Communications (SBAC), the current ROE % Adjusted to Book Value is Negative Equity% 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 (SBAC) Overvalued in 2026?

Based on GuruFocus' analysis, SBA Communications stock appears to be undervalued. The current stock price of $184.71 is trading 20.8% below its estimated GF Value™ of $233.21. GuruFocus considers SBA Communications to be Modestly Undervalued.

Key valuation signals for SBAC:

  • ROE % Adjusted to Book Value: Negative Equity%
  • GF Value™: $233.21 vs. price of $184.71 (20.8% below fair value)
  • GF Score™: 83/100 with 5 warning signs

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 Business Description

Industry Real EstateREITs
Other Exchanges 0KYZ: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.
83GF Score

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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$184.71
Price
$233.21
GF Value