SBA Communications (SBAC) valuation
SBA Communications P/E ratio history
SBA Communications trades at 20.2 times its earnings over the last twelve months and 23.7 times the earnings analysts expect over the next twelve. At its last 9 fiscal year ends its P/E ranged from 19.7 (year to Dec 2025) to 394.9 (year to Dec 2018), with a median of 169.3.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $193.43 | $9.80 | 19.7 | 21.4 |
| Dec 31, 2024 | $203.80 | $6.94 | 29.4 | 23.7 |
| Dec 31, 2023 | $253.69 | $4.61 | 55.0 | 44.1 |
| Dec 31, 2022 | $280.31 | $4.21 | 66.6 | 62.7 |
| Dec 31, 2021 | $389.02 | $2.13 | 182.6 | 107.1 |
| Dec 31, 2020 | $282.13 | $0.20 | n/m | — |
| Dec 31, 2019 | $240.99 | $1.29 | 186.8 | — |
| Dec 31, 2018 | $161.89 | $0.41 | 394.9 | — |
| Dec 31, 2017 | $163.36 | $0.86 | 190.0 | — |
| Dec 31, 2016 | $103.26 | $0.61 | 169.3 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
SBA Communications valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| SBA CommunicationsSBAC | $19.9B | 20.2 | 23.7 | 6.9 |
| Charter CommunicationsCHTR | $13.7B | 2.9 | 2.5 | 0.3 |
| Crown CastleCCI | $38.7B | 45.0 | 31.5 | 9.3 |
| Lumen TechnologiesLUMN | $5.03B | — | — | 0.4 |
| ComcastCMCSA | $82.4B | 7.3 | 6.6 | 0.7 |
| American TowerAMT | $87.5B | 26.5 | 26.7 | 8.0 |
| AT&TT | $149B | 11.6 | 8.4 | 1.2 |
| T-Mobile USTMUS | $168B | 15.1 | 11.4 | 1.8 |
| VerizonVZ | $186B | 11.4 | 8.5 | 1.3 |
| Peer median | 11.6 | 8.5 | 1.3 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: SBAC financials · SBAC returns
No forecast, no recommendation. This page describes SBA Communications from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.