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SBA Communications Corporation (0KYZ) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of SBA Communications Corporation $105, price $159, upside -33.8%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Broad data
Sep 24, 2026
SBA Communications Corporation
0KYZ · LSEOvervalued / MonitorQuality is not strong enough to offset the price risk.
!Fair value $105.40 · Overvalued (−33.8%)
!Quality 56/100
!Expensive Growth (revenue 5y +6.2 %/yr)
✓Highly profitable · 35.7% net margin (TTM)
✓Negative equity (buybacks among others) · generates free cash flow
!2.9% dividend yield · Pays more than it earns
✓Wide moat 80/100
What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $157.97 – $360.35 · fair‑value band $78.30 – $121.97 · the $159.18 price screens above the $105.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Company profile
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure. It includes towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 46,000 communications sites throughout the Americas and in Africa, SBA is listed on NASDAQ under the symbol SBAC.
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SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure. It includes towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 46,000 communications sites throughout the Americas and in Africa, SBA is listed on NASDAQ under the symbol SBAC. Our organization is part of the S&P 500 and one of the top Real Estate Investment Trusts (REITs) by market capitalization. SBA Communications Corporation was incorporated in 1989 and is based in Boca Raton, Florida.
Stock analysis
SBA Communications Corporation (0KYZ) currently trades at $159.18, while our model-based Fair Value estimate is $105.40, 33.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $185.96 per share, and 6 of the 20 models we run sit above the $159.18 price.
Bear case: the Growth DCF group reads lowest at $77.50, and 14 of the 20 models stay below the price. Evidence for this calculation is high.
Scenario range: $78.30 (bear) to $121.97 (bull), the price of $159.18 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality).
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
SBA Communications Corporation reported revenue of $2.8B in FY2025 versus $2.3B in FY2021, a compound +5.1%/yr. Reported net income was $1.1B in FY2025, compounding +45.1%/yr from FY2021.
Key figures
Market cap $17.1B · P/E ratio 0.4 · P/S ratio 0.17 · EPS (TTM) $3.94 · Dividend yield 2.9% · Net margin 37.4% · Return on assets (EBIT) 10.8% · Operating margin 52.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
Fair Value models
Bear $78.30
Fair Value $105.40
Bull $121.97
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.
Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.
Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF
$49.00
$79.51
$128.19
77
Growth DCF
$48.94
$77.50
$121.83
74
Owner Earnings
$55.73
$90.79
$146.73
72
All 20 models by family
DCF Models
FCF DCF
$49.00
$79.51
$128.19
77
Owner Earnings
$55.73
$90.79
$146.73
72
5Y Revenue Exit
$47.10
$77.10
$116.89
69
5Y EBITDA Exit
$105.12
$192.62
$300.96
71
5Y P/E Exit
$102.45
$187.30
$282.39
67
10Y Revenue Exit
$45.96
$73.87
$114.60
63
10Y EBITDA Exit
$84.40
$155.01
$260.23
64
10Y P/E Exit
$82.70
$151.27
$245.54
60
Earnings-Based
Graham-Dodd
$63.22
$258.37
$351.79
64
Lynch FV
$64.82
$92.61
$120.39
61
PEG = 1.0
$64.82
$92.61
$120.39
57
EPV
$98.68
$113.66
$126.58
70
Multiples
P/E Multiple
$139.47
$185.96
$232.44
63
P/S Multiple
$46.58
$62.11
$77.63
58
EV/EBIT
$167.04
$221.44
$275.85
63
EV/EBITDA
$147.77
$195.75
$243.73
64
EV/Revenue
$47.29
$65.92
$84.55
51
Growth DCF
Growth DCF
$48.94
$77.50
$121.83
74
Economic Profit
ROIC Compounder
$98.68
$113.66
$126.58
70
Growth Earnings
Growth-Adj P/E
$109.11
$155.88
$202.64
67
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Set up alert →Quality Score breakdown
Overall quality
56/100
Of which business quality 51 · Market factors (momentum, volatility) 33
Profitability
47
Margins and returns on capital today
Quality Growth
53
Are margins and returns improving?
Cashflow
42
Earnings quality: real cash, not paper profit
Fin. Strength
45
Balance sheet, leverage, solvency risk
Investment
43
Disciplined investing over empire-building
Low Volatility
62
Calm price path (market factor)
Momentum
27
Price trend over the last 3–12 months (market factor)
52W Momentum
10
Distance to the 52-week high (market factor)
Net Issuance
87
Share count: buybacks or dilution?
Revenue & earnings trend
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.
51/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+5.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.2%
Start year 2020 (pandemic). Over 10 years: +5.6% a year
Revenue growth 27 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.4%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
≈ +19.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.2%
Dividend (yield on the price)2.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.50.2% vs 30.0%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.33% → 49%
Start year 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 113% above its own trend.
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Values & ESG
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None of the checked exposures detected
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Frequently asked questions
Is SBA Communications Corporation (0KYZ) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $105.40 versus a price of $159.18, about −34% upside (overvalued).
What is the fair value of 0KYZ?
Our model-based fair value for SBA Communications Corporation is $105.40 (as of Sep 24, 2026), built from audited fundamentals. The current price: $159.18.
What is the quality score of 0KYZ?
SBA Communications Corporation has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for SBA Communications Corporation (0KYZ)?
Our model-based price target is the fair value of $105.40 (as of Sep 24, 2026) from 20 valuation models. Cautious scenario $78.30, optimistic scenario $121.97. It is a calculation from audited fundamentals, not an analyst target.
What is the SBA Communications Corporation stock forecast for 2026?
Our models put fair value at $105.40, about −34% upside versus a price of $159.18 (overvalued). Cautious scenario $78.30, optimistic scenario $121.97. The calculation is refreshed regularly with new filings.
What is the revenue of SBA Communications Corporation (0KYZ)?
SBA Communications Corporation reported trailing-twelve-month revenue of about $2.9B (latest available figure, as of Sep 24, 2026).
Does SBA Communications Corporation pay a dividend?
SBA Communications Corporation currently shows a dividend yield of about 2.88% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of SBA Communications Corporation (0KYZ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SBA Communications Corporation it is $105.40 per share (as of Sep 24, 2026), against a price of $159.18. It is the blended result of 20 valuation models (cash flow, earnings, asset, dividend).
Is SBA Communications Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0KYZ trades above its calculated fair value: price $159.18, fair value $105.40, a gap of about −34% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0KYZ?
No. The price is what the market pays today ($159.18); the fair value is what the company's own numbers justify ($105.40). For SBA Communications Corporation the two are $53.78 per share apart. That gap is exactly why we show both numbers side by side.
How much is SBA Communications Corporation worth?
The market values SBA Communications Corporation at about $17.1B (market capitalisation, as of Sep 24, 2026). Per share that is $159.18; our models calculate a fair value of $105.40 per share.
What do the bullish and bearish scenarios say about 0KYZ?
Our models span a range for SBA Communications Corporation: cautious scenario $78.30, base $105.40, optimistic $121.97 per share (as of Sep 24, 2026, price $159.18). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0KYZ from its 52-week high?
SBA Communications Corporation trades at $159.18, about 28% below its 52-week high of $222.14 and 1% above the low of $157.97 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $105.40 is for.
Is SBA Communications Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price $159.18, calculated fair value $105.40 (−34%), Quality Score 56/100, from 20 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0KYZ calculated?
We run SBA Communications Corporation through 20 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $105.40, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. SBA Communications Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of SBA Communications Corporation (0KYZ)?
The closing price on Oct 2, 2026 was $159.18. Our model-based fair value is $105.40, about −34% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SBA Communications Corporation right now?
The price sits above even our optimistic bull case ($121.97). The favourable scenario is already priced in. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of SBA Communications Corporation
How large is the market capitalisation of SBA Communications Corporation (0KYZ)?
The market capitalisation of SBA Communications Corporation is $17.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of SBA Communications Corporation (0KYZ)?
The price-to-earnings ratio of SBA Communications Corporation is 0.4 (as of Jul 25, 2026). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of SBA Communications Corporation (0KYZ)?
The price-to-sales ratio of SBA Communications Corporation is 0.17 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SBA Communications Corporation (0KYZ)?
Earnings per share at SBA Communications Corporation are $3.94 (price ÷ EPS = P/E 0.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SBA Communications Corporation (0KYZ)?
The dividend yield of SBA Communications Corporation is 2.9% (payout 116%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of SBA Communications Corporation (0KYZ)?
The net margin of SBA Communications Corporation is 37.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of SBA Communications Corporation (0KYZ)?
On an EBIT basis the return on assets of SBA Communications Corporation is 10.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of SBA Communications Corporation (0KYZ)?
The operating margin of SBA Communications Corporation is 52.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SBA Communications Corporation (0KYZ)?
Revenue at SBA Communications Corporation is growing +5.9% versus a year earlier (3y avg +2.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at SBA Communications Corporation (0KYZ)?
Earnings per share at SBA Communications Corporation are growing −14.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does SBA Communications Corporation (0KYZ) generate?
The free cash flow of SBA Communications Corporation is $7.7M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does SBA Communications Corporation (0KYZ) carry?
The net debt of SBA Communications Corporation is $17.0B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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