Question 1

What is SBA Communications's P/S ratio?

Accepted Answer

SBA Communications (SBAC) P/S ratio is 6.6× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

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

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For SBA Communications specifically, the relevant sector benchmark is the current sector median of 6.4×.

Question 5

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

Accepted Answer

SBA Communications's P/S ratio of 6.6× is below its own 5-year average of 10.8× and above the sector median of 6.4×. 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/S ratio range?

Accepted Answer

In the available daily series, SBA Communications (SBAC) P/S ratio has ranged from a low of 0.1× in 2002 to a high of 19.3× in 2021. The 5-year average is 10.8× and the 5-year median is 9.5×.

Question 7

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

Accepted Answer

SBA Communications (SBAC) P/S ratio at the end of 2025 was 7.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$2.82B	7.3×	-0.9×	Dec 31, 2025
2024	$22B	$2.68B	8.2×	-1.9×	Dec 31, 2024
2023	$27.5B	$2.71B	10.2×	-1.4×	Dec 31, 2023
2022	$30.5B	$2.63B	11.6×	-7.2×	Dec 31, 2022
2021	$43.3B	$2.31B	18.8×	+3.5×	Dec 31, 2021
2020	$31.9B	$2.08B	15.3×	+1.7×	Dec 31, 2020
2019	$27.5B	$2.01B	13.6×	+3.6×	Dec 31, 2019
2018	$18.7B	$1.87B	10.0×	-1.1×	Dec 31, 2018
2017	$19.2B	$1.73B	11.1×	+3.3×	Dec 31, 2017
2016	$12.7B	$1.63B	7.8×	-0.3×	Dec 31, 2016
2015	$13.2B	$1.64B	8.1×	-1.3×	Dec 31, 2015
2014	$14.3B	$1.53B	9.4×	+0.5×	Dec 31, 2014
2013	$11.5B	$1.3B	8.8×	-0.6×	Dec 31, 2013
2012	$8.99B	$954M	9.4×	+2.7×	Dec 31, 2012
2011	$4.7B	$698M	6.7×	-0.7×	Dec 31, 2011
2010	$4.68B	$627M	7.5×	+0.3×	Dec 31, 2010
2009	$3.99B	$556M	7.2×	+3.2×	Dec 31, 2009
2008	$1.9B	$475M	4.0×	-4.8×	Dec 31, 2008
2007	$3.59B	$408M	8.8×	+0.6×	Dec 31, 2007
2006	$2.89B	$351M	8.2×	+2.4×	Dec 31, 2006
2005	$1.52B	$260M	5.9×	+3.4×	Dec 31, 2005
2004	$591M	$238M	2.5×	+1.6×	Dec 31, 2004
2003	$204M	$219M	0.9×	+0.9×	Dec 31, 2003
2002	$21M	$265M	0.1×	—	Dec 31, 2002


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American Tower (AMT)	7.4×
VICI Properties (VICI)	7.2×
Kimco Realty (KIM)	7.0×
Camden Property Trust (CPT)	6.5×
UDR (UDR)	6.4×
Tanger (SKT)	6.4×
Mid-America Apartment Communities (MAA)	6.4×
Ventas (VTR)	6.3×
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Alexandria Real Estate Equities (ARE)	3.0×
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BXP (BXP)	2.4×
Host Hotels & Resorts (HST)	2.2×
Arbor Realty Trust (ABR)	1.2×
Opendoor Technologies (OPEN)	1.1×
CBRE Group (CBRE)	0.9×

P/S Ratio for SBA Communications (SBAC) 2002-2026

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

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

About P/S Ratio at SBA Communications (SBAC)

SBA Communications P/S Ratio by Year

SBA Communications P/S Ratio 2025: 7.3×

SBA Communications P/S Ratio 2024: 8.2×

SBA Communications P/S Ratio 2023: 10.2×

SBA Communications P/S Ratio 2022: 11.6×

SBA Communications P/S Ratio 2021: 18.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

SBA Communications (SBAC) Key Financials