Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
SBA CommunicationsSBAC +2.23%83 Shiller PE Ratio is 49.99 as of Sep. 13, 2026, which is 69% below its 10-year median of 160.80. GuruFocus rates SBAC with a GF Score™ of 83/100 and a GF Value™ of $225.80 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 478 REITs companies, SBA Communications ranks worse than 92.89% on this metric.
The historical rank and industry rank for SBA Communications's Shiller PE Ratio or its related term are showing as below:
SBAC'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 46.78 Med: 160.8 Max: 18324
Current: 49.99
During the past years, SBA Communications's highest Shiller PE Ratio was 18324.00. The lowest was 46.78. And the median was 160.80.
SBAC's Shiller PE Ratio is ranked worse than 92.89% of 478
companies
in the REITs industry
Industry Median: 12.92
vs SBAC: 49.99
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
SBA Communications's adjusted earnings per share data for the three months ended in Jun. 2026 was $1.870. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.71 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
SBA Communications (NAS:SBAC) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
SBA Communications Shiller PE Ratio Related Terms
SBA Communications Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for SBA Communications's Shiller PE 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.
SBAC vs WY, LAMR, GLPI: Shiller PE Ratio Comparison
For the REIT - Specialty subindustry, SBA Communications's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, SBA Communications's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where SBA Communications's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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.
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
SBA Communications (SBAC) has a Shiller PE Ratio of 49.99 as of Sep. 13, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on SBA Communications and its competitors. This is 69% below median its historical median of 160.80. Over the past decade, SBA Communications' Shiller PE Ratio has ranged from 46.78 to 18,324.00. According to the industry distribution chart, SBA Communications ranks #444 out of 478 companies in the REITs industry, placing it in the top 92.9%.
Is SBA Communications' Shiller PE Ratio too high?
SBA Communications' current Shiller PE Ratio of 49.99 is 69% below median its 10-year median of 160.80. Over the past 10 years, this metric has ranged from a low of 46.78 to a high of 18,324.00. The REITs industry median Shiller PE Ratio is 12.92. SBA Communications' value of 49.99 is 286.9% above this industry median. Based on the distribution chart, SBA Communications ranks #444 out of 478 companies in the REITs industry, which is in the bottom quartile relative to peers. 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' Shiller PE Ratio compare to WY and LAMR?
According to the REITs industry distribution chart, SBA Communications ranks #444 out of 478 companies for Shiller PE Ratio. This places SBA Communications in the lower half of its industry. The industry median Shiller PE Ratio is 12.92. SBA Communications' value of 49.99 is 286.9% above this benchmark. Historically, SBA Communications' own Shiller PE Ratio has ranged from 46.78 to 18,324.00 over the past decade. While the company's 10-year median is 160.80 vs. the industry median of 12.92, 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 Shiller PE Ratio for a REITs company?
The median Shiller PE Ratio among REITs companies is 12.92, based on 478 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SBA Communications's current Shiller PE Ratio of 49.99 is 286.9% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on SBA Communications and its competitors. For the REITs industry, the median Shiller PE Ratio is 12.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBA Communications's current Shiller PE Ratio is 49.99, which is 69% below median its own 10-year median of 160.80. 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 $225.80, compared to a current price of $185.47 — trading 17.9% below its estimated fair value. The current Shiller PE Ratio is 49.99, which is 69% below median its 10-year median of 160.80 and 286.9% above the REITs industry median of 12.92. 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 Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For SBA Communications (SBAC), the current Shiller PE Ratio is 49.99 as of Sep. 13, 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 17.9% below its estimated GF Value™ of $225.80.
GuruFocus considers SBA Communications to be Modestly Undervalued.
Key valuation signals for SBAC:
Shiller PE Ratio: 49.99 (69% below median its 10-year median of 160.80)
GF Value™: $225.80 vs. price of $185.47 (17.9% below fair value)
Industry Position: 286.9% above the REITs median (#444 of 478)
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.
83GF Score
Get the complete analysis for SBAC
Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SBAC has been successfully added to your 
