SBA Communications (SBAC)
NASDAQReal EstateReit - SpecialtySnapshot 2026-11-04
$195.48+5.84%
Close 2026-11-04 · 1-day change
NASDAQReal EstateReit - SpecialtySnapshot 2026-11-04
Research Workspace
Put SBAC beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Real Estate is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRevenue is growing steadily — about 5% over the past year.
View GrowthRanks among the strongest in its industry on quality — around the top 20%.
View QualityManagement screens strong on capital allocation, earnings delivery, margins, market reaction to earnings.
View ManagementExpectations look high — the market is pricing in about 27% growth a year, above the roughly 1% analysts expect, leaving little room for error.
View ValuationModerate volatility — typically moves about 1% a day.
View RiskSBAC's tower network growth has to keep compounding to justify the price. Revenue grew 6.5% year over year in the first quarter. The company beat its earnings estimate by 74.1% that quarter. It trades at 16x P/FFO versus a 13x peer median. The market is pricing in more growth than we forecast. Our model puts the next-quarter miss probability near 21%. Peer multiples imply a price about 27% below where it trades. Our read remains intact. This read is provisional.
Trailing returns as of 2026-11-04. SBAC is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 21 analysts currently covering SBAC (as of Nov 2026).
Based on 6 Wall Street analysts offering 12-month price targets for SBAC in the last 4 months.
Continue this research
Compare SBAC with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| SBAC Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 7 valuation methods, at three horizons. As of 2026-11-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Real Estate (broad) — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put SBAC next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Increase full year 2026 outlook
Beating EPS forecast confirms strong execution and growth.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-11-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $195.48
The last 12 months of price, then the range of analyst 12-month targets from today’s $195.48.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Bottom 25% on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Increase full year 2026 outlook
Focus on 6G aligns with growth objectives.
Advances: Increase full year 2026 outlook
Growth tied to spectrum aligns with 2026 outlook objective.
Advances: Increase full year 2026 outlook
Indicates positive long-term growth outlook for the company.
Advances: Maintain strong balance sheet and investment grade credit
Achieving investment grade supports strong balance sheet objective.
Advances: Increase full year 2026 outlook
Solid FFO growth supports increased full year 2026 outlook.
Threatens: Steady contributions from key customers
Earnings test indicates potential instability in customer contributions.
Advances: Increase full year 2026 outlook
New agreement signals growth potential.