NASDAQ: SBAC · Specialty REITs
SBA Communications (SBAC) fair value and price range
As of 26 Sep 2026, Faircurve's model values SBA Communications (SBAC) at $194.48 a share. The stock last closed at $158.49, which puts the model's fair value 22.7% above the price. The model grades the evidence behind this valuation as low, so no verdict is shown. For real estate investment trusts (REITs) the grade looks at how many valuation methods could be applied and whether they agree with each other, and how many comparable companies there are. It does not say how likely the fair value is to be right.
Revalued . Price is the close of 2 Oct 2026. SBA Communications Corporation.
Faircurve Insights · 26 Sep 2026
SBA Communications Corporation owns, operates, and provides wireless communication infrastructure across North, Central, and South America, in addition to South Africa.
On 26 Sep 2026, Faircurve's model gave a fair value of $194.48 a share for SBA Communications Corporation. This fair value blends three methods: a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The previous run on 19 Sep 2026 gave $201.78, so the fair value moved -3.6%. The calibrated range over 63 trading days is $163.16 to $237.13, built from the fair value since there is no live options data for the stock, and calibrated weekly against realised prices. Ranges built this way held the price 60% of the time at this horizon. The model grades the evidence behind this valuation as low, so no verdict is shown.
The model compares SBA Communications Corporation with Lamar Advertising Company (LAMR), Weyerhaeuser Company (WY), Gaming and Leisure Properties, Inc. (GLPI), Crown Castle Inc. (CCI), Iron Mountain Incorporated (IRM), Outfront Media Inc. (OUT), Digital Realty Trust, Inc. (DLR), and EPR Properties (EPR). The stock's moves around its last eight earnings reports were 3 Aug 2026 +3.8%, 29 Apr 2026 +1.7%, 26 Feb 2026 +2.0%, 3 Nov 2025 +2.5%, 4 Aug 2025 -4.1%, 28 Apr 2025 +7.4%, 24 Feb 2025 +2.9%, and 28 Oct 2024 -4.2%. The median size of these moves, ignoring direction, was 3.4%.
Written from the figures on this page for the 26 Sep 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give SBAC?
The calibrated range for SBAC over 63 trading days is $163.16 to $237.13. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon.
The price is below this range. For names with fair value 15 to 30% above price, the calibrated range has held the price 50% of the time over 63 trading days, and 47% ended below it; the typical move was +4.1%.
The model's own range is $177.70 to $212.83.
How does SBAC compare with similar companies?
The companies in specialty reits closest to SBA Communications in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| LAMR Lamar Advertising Company | $144.12 | $105.68 | -26.7% | Low evidence grade |
| WY Weyerhaeuser Company | $18.47 | $15.29 | -17.2% | No verdict on this run |
| GLPI Gaming and Leisure Properties, Inc. | $37.68 | $61.37 | +62.9% | Gap wider than 60% |
| CCI Crown Castle Inc. | $66.44 | $57.26 | -13.8% | Low evidence grade |
| IRM Iron Mountain Incorporated | $113.39 | $59.25 | -47.7% | Low evidence grade |
| OUT Outfront Media Inc. | $28.70 | $22.50 | -21.6% | Low evidence grade |
| DLR Digital Realty Trust, Inc. | $178.55 | $105.57 | -40.9% | Low evidence grade |
| EPR EPR Properties | $56.45 | $68.16 | +20.7% | Low evidence grade |
When does SBAC report earnings, and how has the stock reacted?
SBA Communications's next earnings report is scheduled for 2 Nov 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 4.8% in either direction through the nearest expiry, about 13 days out. That is the size the market is pricing, not a direction.
How SBAC moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 3.4%.
| Report date | Two session move |
|---|---|
| 3 Aug 2026 | +3.8% |
| 29 Apr 2026 | +1.7% |
| 26 Feb 2026 | +2.0% |
| 3 Nov 2025 | +2.5% |
| 4 Aug 2025 | -4.1% |
| 28 Apr 2025 | +7.4% |
| 24 Feb 2025 | +2.9% |
| 28 Oct 2024 | -4.2% |
SBA Communications at a glance
SBA Communications Corporation stands as a premier owner, operator, and provider of crucial wireless communication infrastructure across North, Central, and South America, in addition to South Africa.
- Market value
- $17.6B
- Sector
- Real Estate
- Industry
- Specialty REITs
- Beta to the US market
- 0.04
- First valued by Faircurve
- 4 Jul 2026
How the fair value is worked out: the model values SBA Communications three ways and blends them; the range around the fair value comes from 2,000 simulations of the dividend model. The full method is documented here.
What changed in the latest valuation?
On 19 Sep 2026 the model's fair value for SBAC was $201.78. As of 26 Sep 2026 it is $194.48, a change of -3.6%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about SBA Communications's valuation
Is SBA Communications stock undervalued or overvalued?
Faircurve's model puts SBAC's fair value at $194.48 a share against a last close of $158.49, as of 26 Sep 2026. The model grades the evidence behind this valuation as low, so no verdict is shown. For real estate investment trusts (REITs) the grade looks at how many valuation methods could be applied and whether they agree with each other, and how many comparable companies there are. It does not say how likely the fair value is to be right.
What is SBAC's fair value?
$194.48 a share as of 26 Sep 2026. The fair value blends three methods: a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The model's own range is $177.70 to $212.83.
What price range does the model give SBAC?
$163.16 to $237.13 over 63 trading days. Ranges built this way held the price 60% of the time across 4,327 past valuations, refreshed 26 Sep 2026.
When does SBA Communications report earnings next?
The next report is scheduled for 2 Nov 2026. Companies can move their dates.
How much has SBAC moved on past earnings reports?
Across its last 8 reports the median two session move was 3.4%, ignoring direction. The largest was +7.4% around the report of 28 Apr 2025.
How confident is the model in this valuation?
The model's evidence grade for SBAC is low. For real estate investment trusts (REITs) the grade looks at how many valuation methods could be applied and whether they agree with each other, and how many comparable companies there are. It is not a probability that the fair value is right, or that the price reaches it.