Crown Castle Inc (CCI) is overvalued and SBA Communications Corp (SBAC) is fairly valued.
Both trade above our estimate of their intrinsic value. SBAC is the closer of the two: -4%, against -37% for CCI.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.6% (average of 3 methods) values the shares at $52.83; the price of $72.37 is 37% above that value, and 77% of that value comes from beyond year five.
Leak Score 47/100 on 8 of 12 signals
Discounting its cash flows at 9.1% (average of 3 methods) values the shares at $169.34; the price of $175.84 is 4% above that value, and 75% of that value comes from beyond year five.
Leak Score 60/100 on 8 of 12 signals
| Metric | CCI | SBAC |
|---|---|---|
| Verdict | Overvalued | Fairly valued |
| Price | $72.37 | $175.84 |
| Intrinsic value | $52.83 | $169.34 |
| Margin of safety | -37% | -4% |
| Leak Score | 47/100 (8/12) | 60/100 (8/12) |
| Market cap | $30.8B | $18.7B |
| Revenue growth, 5 years | -6.1% | 6.2% |
| Operating margin | 48.3% | 53.7% |
| Net margin | 47.6% | 34.5% |
| Return on equity | -276.4% | — |
| P/E | 15.9x | 18.9x |
| Forward P/E | 25.7x | 21.0x |
| Dividend yield | 5.9% | 2.8% |