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Arphra AIPlain-English read on SBA Communications Corporation’s valuationEnterprise value
$34.98B
Market cap
$19.9B
Net debt
$15.15B
Total debt
$15.42B
Cash & ST inv.
$269.06M
Capital structure
· balance sheet · 2026-03-31Enterprise-value bridge
Equity 57%
Net debt 43%
Share of enterprise value funded by equity vs net debt.
Market capitalisation$19.9B
+ Total debt+$15.42B
− Cash & short-term investments−$269.06M
= Enterprise value$34.98B
Valuation
· key metrics · TTMEV multiples
EV / EBITDA16.6×
EV / Sales12.3×
EV / FCF34.4×
Net debt / EBITDA7.2×
Debt / Equity—
History
· 3y · net debt held constant