SBA Communications Corporation (SBAC) Fair Value 2026

SBAC · REIT - Specialty ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

8.5 /10

32 fundamental signals · 7 models active

Value Trap Risk

SAFE (6/100)

Quick Summary — As of 2026-08-28, SBA Communications Corporation (SBAC) trades at $190.95, versus a $162.75 median fair value across its 7 active models — 14.8% below the current price. QOC: 8.5/10. Value Trap Risk: 6/100 (SAFE). 7/13 models active.

Key Facts

Ticker
SBAC
Price
$190.95
Quality Score
8.5/10
Value Trap Risk
6/100
Models Active
7/13
Last Updated
Strength: Markov DDM suggests +34.1% upside with 60% confidence
Risk: Majority of models suggest overvaluation

Is SBA Communications Corporation (SBAC) Undervalued or Overvalued in 2026?

According to CirclFi’s 7-model valuation engine, SBA Communications Corporation (SBAC) appears overvalued as of : the median of 7 independent fair value estimates is $162.75, 14.8% below the current price of $190.95. Estimates range from $9.93 to $256.15. SBAC scores 8.5/10 on fundamental quality and 6/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.4% versus its own 13-model consensus, across 3,809 rated companies as of 2026-08-28. SBAC’s -14.8% gap is narrower than that market norm, and the REIT - Specialty sector median is -28.7%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy SBA Communications Corporation Stock in 2026? →

What Fair Value Does Each Model Give SBAC?

7 Intrinsic Value Models vs. Current Price ($190.95)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $9.93 -94.8%
Ensemble · Low Conviction
 $162.75 -14.8%
Intrinsic · High Conviction
 $256.15 +34.1%
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What Is SBAC's Fair Value Range?

Spread across 7 independent models · $9.93 to $256.15

CirclFi's 7 active models place SBA Communications Corporation (SBAC) between $9.93 and $256.15 per share, a spread of 151% of the median. The median of that range — $162.75 — is the fair value CirclFi publishes for SBAC, against a current price of $190.95.

Low · EPVHigh · Markov DDM
$9.93median $162.75$256.15
Where the range comes from
Most bearish modelEarnings Power Value (EPV)$9.93
Most bullish modelMarkov DDM$256.15
Model agreement2 bullish · 4 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for SBAC. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on SBAC, not a CirclFi price target. How each model works →

What Is SBA Communications Corporation (SBAC) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, the balance of valuation evidence tilts cautious on SBA Communications Corporation at its current price of $190.95. The median intrinsic value is estimated at $162.75 (-14.8% vs price), with 4 models flagging overvaluation risk. Model dispersion is worth noting: Markov DDM targets $256.15 (+34.1%), versus EPV at $9.93 (-94.8%). This +128.9% range highlights the importance of multi-model analysis rather than relying on any single methodology.

What Do the Models Say About SBAC?

7 of 13 models are currently active for SBAC. Of these, 3 models suggest upside while 4 models suggest overvaluation. Taken together, their median fair value for SBAC is $162.75 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does SBAC Rank in REIT - Specialty?

Among 20 REIT - Specialty stocks, SBAC ranks #4 by Quality of Company score. CirclFi's QOC score of 8.5/10 evaluates 32 fundamental signals. A score of 8.5 places SBAC in the top tier.

Within the REIT - Specialty space, SBA Communications Corporation competes in an environment where net asset value (NAV) premium/discount often separates market leaders from laggards. Understanding these industry-specific dynamics is essential context for interpreting our model outputs.

Is SBAC a Value Trap?

CirclFi's Value Trap algorithm assigns SBAC a score of 6/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

7 of 13 models are active for SBA Communications Corporation. Moderate coverage provides meaningful perspective. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Quality of Company (QOC) framework, which evaluates 32 signals including margin stability, revenue growth trajectory, leverage, and free cash flow generation, SBA Communications Corporation is rated at 8.5/10. This strong-tier score demonstrates strong fundamentals across the majority of our quality signals.

The gap between the most bullish and bearish model spans +128.9% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every SBAC valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across SBAC's 7 active models, average confidence is 43%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy SBA Communications Corporation Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar REIT - Specialty Stocks Should You Also Analyze?

9 related REIT - Specialty stocks with 13-model coverage

LAMRLamar Advertising CompanyQOC 8.5EQIXEquinix, Inc.QOC 8.3SELFGlobal Self Storage, Inc.QOC 8.7EPREPR PropertiesQOC 8.2NLCPNewLake Capital Partners, Inc.QOC 8.7AMTAmerican Tower CorporationQOC 8.0RYNRayonier Inc.QOC 7.8WYWeyerhaeuser CompanyQOC 6.9FRMIFermi Inc.QOC 3.6

Read investment analysis: LAMR · EQIX · SELF · EPR · NLCP · AMT · RYN · WY · FRMI

Which Other Stocks Have a Similar Quality Score to SBAC?

7 companies across all industries closest to SBAC’s Quality of Company score of 8.5/10.

CCNECNB Financial CorporationQOC 8.5BCMLBayCom CorpQOC 8.5CAKEThe Cheesecake Factory IncorporatedQOC 8.5CHEFThe Chefs' Warehouse, Inc.QOC 8.5GIBCGI Inc.QOC 8.5TRMDTORM plcQOC 8.5NVDANVIDIA CorporationQOC 10.0

Read investment analysis: CCNE · BCML · CAKE · CHEF · GIB · TRMD · NVDA

What Else Do Investors Ask About SBA Communications Corporation’s Valuation?

What is SBA Communications Corporation's intrinsic value in 2026?

CirclFi puts SBA Communications Corporation (SBAC)'s intrinsic value at $162.75 — the median of 7 independent model estimates as of 2026-08-28, ranging from $9.93 to $256.15. The Quality of Company score is 8.5/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is SBAC overvalued or undervalued right now?

At $190.95, 3 of 7 active models suggest SBAC may be undervalued, while 4 indicate potential overvaluation. The median of all 7 fair value estimates is $162.75, 14.8% below the current price of $190.95 — a consensus view that SBAC is overvalued. The assessment depends on which methodology best fits SBA Communications Corporation's business model in REIT - Specialty.

What does a Quality of Company score of 8.5 mean for SBAC?

SBA Communications Corporation's QOC of 8.5/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on SBAC?

CirclFi analyzes SBAC with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 7 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on SBAC?

Of the 7 models currently active on SBAC, Markov DDM is the most bullish at $256.15 per share, and Earnings Power Value (EPV) is the most bearish at $9.93. CirclFi's published fair value for SBAC is the median of that range, $162.75, not either extreme. The gap between the two ends equals 151% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is SBAC a value trap in 2026?

SBA Communications Corporation's Value Trap score is 6/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 7-model valuation engine, SBA Communications Corporation (SBAC) has a median fair value of $162.75 — 14.8% below the current price of $190.95 — as of 2026-08-28.” Source: circlfi.com/stock/SBAC/ · Methodology
Primary sources for this SBAC valuation
  • Financial statements: SBA Communications Corporation 10-K and 10-Q filings on SEC EDGAR (CIK 0001034054) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for SBAC as of ; valuations recomputed .

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