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STOCK COMPARISON

Equinix vs SBA Communications: Fair Value & Quality

Both stocks run through our valuation models. Here is how Equinix (EQIX) and SBA Communications (SBAC) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees SBA Communications as the less overvalued of the two: Equinix trades at $1,041 versus a fair value of $199 (-81%), while SBA Communications trades at $192 versus $144 (-25%).
Equinix
EQIX · USD · Real Estate
-81%
upside to fair value
overvalued
Price$1,041
Fair Value$199
Quality48/100
SBA Communications
SBAC · USD · Real Estate
-25%
upside to fair value
overvalued
Price$192
Fair Value$144
Quality64/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

EquinixSBA Communications
Valuation
70.0×P/E (TTM)20.2×
10.45×P/S (TTM)6.97×
7.03×P/B
27.0×EV/EBITDA16.7×
3.35×PEG7.76×
−80.9%Fair value upside−24.9%
1.8%Dividend yield2.4%
$19.23Dividend per share$4.58
Profitability
24%Operating margin52%
1.14×EBIT margin trend (5Y)1.60×
10%Return on equity
4%Return on assets9%
Growth
12%Revenue growth (YoY)6%
8.4%Avg. growth/yr (3Y)2.2%
9.1%Avg. growth/yr (5Y)6.2%
+21.8%Value creation/yr+52.6%
Balance & size
3.2×Interest coverage (EBIT/interest)2.9×
1.24×Debt / equity
$100BMarket cap$20B
expensiveGrowth qualityhealthy

SBA Communications leads: 4 to 10 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Equinixof which business quality 45 · market factors 67 SBA Communicationsof which business quality 57 · market factors 42
ProfitabilityMargins and returns on capital today
34
47
Quality GrowthAre margins and returns improving?
62
53
CashflowEarnings quality: real cash, not paper profit
51
82
Fin. StrengthBalance sheet, leverage, solvency risk
30
17
InvestmentDisciplined investing over empire-building
38
76
Low VolatilityCalm price path (market factor)
71
61
MomentumPrice trend over the last 3–12 months (market factor)
57
33
52W MomentumDistance to the 52-week high (market factor)
78
35
Net IssuanceBuybacks instead of dilution
66
87

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyEquinixPrice $1,041SBA CommunicationsPrice $192
DCF Modelsn/a-41%below the price$113
Dividend Discount-68%below the price$331n/a
Multiples-78%below the price$233-12%close to the price$168
Asset-Based-91%below the price$96.17n/a
Growth DCFn/a-46%below the price$104
Economic Profit-87%below the price$138n/a
Minimum-91%below the price$96.17-46%below the price$104
Maximum-68%below the price$331-12%close to the price$168
Median-82%below the price$185-41%below the price$113
Geometric mean-83%below the price$179-34%below the price$126

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Equinix: 9 of 9 models see the stock below the current price.

SBA Communications: 11 of 11 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Equinix
Bear $175Fair Value $199Bull $291
$1,041 = current price (white tick)
SBA Communications
Bear $72.79Fair Value $144Bull $211
$192 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Equinix · Real Estate

Quality score48 · below median
Fair value upside-81% · bottom 25%

SBA Communications · Real Estate

Quality score64 · Top 25%
Fair value upside-25% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees SBA Communications as the less overvalued of the two: Equinix trades at $1,041 versus a fair value of $199 (-81%), while SBA Communications trades at $192 versus $144 (-25%).

SBA Communications has the higher quality score (64/100).

See the full analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.