Question 1

What is SBA Communications's P/E ratio?

Accepted Answer

SBA Communications (SBAC) P/E ratio is 18.6× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for SBA Communications?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For SBA Communications specifically, the relevant sector benchmark is the current sector median of 28.1×.

Question 5

Is SBA Communications's P/E ratio high or low?

Accepted Answer

SBA Communications's P/E ratio of 18.6× is below its own 5-year average of 63.0× and below the sector median of 28.1×. That places the current reading at the 1th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is SBA Communications's historical P/E ratio range?

Accepted Answer

In the available daily series, SBA Communications (SBAC) P/E ratio has ranged from a low of 16.7× in 2026 to a high of 1321.3× in 2020. The 5-year average is 63.0× and the 5-year median is 46.9×.

Question 7

What was SBA Communications's P/E ratio in 2025?

Accepted Answer

SBA Communications (SBAC) P/E ratio at the end of 2025 was 19.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does SBA Communications's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$20.6B	$1.05B	19.5×	-9.8×	Dec 31, 2025
2024	$22B	$750M	29.3×	-25.5×	Dec 31, 2024
2023	$27.5B	$502M	54.9×	-11.2×	Dec 31, 2023
2022	$30.5B	$461M	66.1×	-116.1×	Dec 31, 2022
2021	$43.3B	$238M	182.2×	-1139.2×	Dec 31, 2021
2020	$31.9B	$24.1M	1321.3×	+1134.6×	Dec 31, 2020
2019	$27.5B	$147M	186.8×	-206.7×	Dec 31, 2019
2018	$18.7B	$47.5M	393.4×	+208.7×	Dec 31, 2018
2017	$19.2B	$104M	184.8×	+18.6×	Dec 31, 2017
2016	$12.7B	$76.2M	166.2×	—	Dec 31, 2016
2015	$13.2B	-$176M	—	—	Dec 31, 2015
2014	$14.3B	-$24.3M	—	—	Dec 31, 2014
2013	$11.5B	-$55.9M	—	—	Dec 31, 2013
2012	$8.99B	-$182M	—	—	Dec 31, 2012
2011	$4.7B	-$126M	—	—	Dec 31, 2011
2010	$4.68B	-$195M	—	—	Dec 31, 2010
2009	$3.99B	-$141M	—	—	Dec 31, 2009
2008	$1.9B	-$46.8M	—	—	Dec 31, 2008
2007	$3.59B	-$77.9M	—	—	Dec 31, 2007
2006	$2.89B	-$133M	—	—	Dec 31, 2006
2005	$1.52B	-$94.7M	—	—	Dec 31, 2005
2004	$591M	-$147M	—	—	Dec 31, 2004
2003	$204M	-$161M	—	—	Dec 31, 2003
2002	$21M	-$193M	—	—	Dec 31, 2002


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Digital Realty Trust (DLR)	45.1×
Weyerhaeuser (WY)	44.4×
Agree Realty (ADC)	41.1×
Mid-America Apartment Communities (MAA)	36.5×
Tanger (SKT)	31.0×
CBRE Group (CBRE)	30.4×
Prologis (PLD)	30.0×
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STAG Industrial (STAG)	28.2×
American Tower (AMT)	28.0×
Camden Property Trust (CPT)	26.4×
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Kimco Realty (KIM)	24.5×
UDR (UDR)	22.5×
Regency Centers (REG)	22.1×
NNN REIT (NNN)	20.5×
AvalonBay Communities (AVB)	20.0×
Host Hotels & Resorts (HST)	13.1×
Simon Property Group (SPG)	12.9×
Arbor Realty Trust (ABR)	12.6×
VICI Properties (VICI)	9.4×
Apartment Investment and Management (AIV)	1.0×

P/E Ratio for SBA Communications (SBAC) 2016-2026

P/E Ratio daily chart for SBA Communications (SBAC)

Historical P/E Ratio for SBA Communications (SBAC) from 2002 to 2025

About P/E Ratio at SBA Communications (SBAC)

SBA Communications P/E Ratio by Year

SBA Communications P/E Ratio 2025: 19.5×

SBA Communications P/E Ratio 2024: 29.3×

SBA Communications P/E Ratio 2023: 54.9×

SBA Communications P/E Ratio 2022: 66.1×

SBA Communications P/E Ratio 2021: 182.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

SBA Communications (SBAC) Key Financials