We’ve recently updated our valuation analysis.

Crown Castle Valuation

Is CCI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CCI?

Other financial metrics that can be useful for relative valuation.

CCI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue11x
Enterprise Value/EBITDA18.7x
PEG Ratio33.6x

Price to Earnings Ratio vs Peers

How does CCI's PE Ratio compare to its peers?

The above table shows the PE ratio for CCI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average56.8x
AMT American Tower
64x17.3%US$88.1b
SBAC SBA Communications
66x15.2%US$24.3b
PSA Public Storage
12.4x-14.1%US$49.4b
EQIX Equinix
84.7x12.1%US$69.4b
CCI Crown Castle
29.8x-0.7%US$49.0b

Price-To-Earnings vs Peers: CCI is good value based on its Price-To-Earnings Ratio (29.8x) compared to the peer average (56.8x).


Price to Earnings Ratio vs Industry

How does CCI's PE Ratio compare vs other companies in the US Specialized REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a8.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a8.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: CCI is expensive based on its Price-To-Earnings Ratio (29.8x) compared to the US Specialized REITs industry average (23.6x)


Price to Earnings Ratio vs Fair Ratio

What is CCI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CCI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.8x
Fair PE Ratio32.7x

Price-To-Earnings vs Fair Ratio: CCI is good value based on its Price-To-Earnings Ratio (29.8x) compared to the estimated Fair Price-To-Earnings Ratio (32.7x).


Share Price vs Fair Value

What is the Fair Price of CCI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CCI ($114.91) is trading below our estimate of fair value ($157.78)

Significantly Below Fair Value: CCI is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CCI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$114.91
US$150.65
+31.1%
7.7%US$175.00US$135.00n/a17
Jun ’24US$112.16
US$150.65
+34.3%
7.7%US$175.00US$135.00n/a17
May ’24US$122.04
US$150.65
+23.4%
7.7%US$175.00US$135.00n/a17
Apr ’24US$133.84
US$155.35
+16.1%
7.2%US$175.00US$135.00n/a17
Mar ’24US$128.96
US$155.35
+20.5%
7.2%US$175.00US$135.00n/a17
Feb ’24US$149.11
US$155.53
+4.3%
7.5%US$175.00US$135.00n/a17
Jan ’24US$135.64
US$155.67
+14.8%
13.9%US$230.00US$130.00n/a18
Dec ’23US$141.71
US$155.33
+9.6%
14.1%US$230.00US$130.00n/a18
Nov ’23US$132.26
US$158.67
+20.0%
17.2%US$230.00US$130.00n/a18
Oct ’23US$144.55
US$193.67
+34.0%
11.5%US$230.00US$135.00n/a18
Sep ’23US$172.00
US$193.78
+12.7%
11.5%US$230.00US$135.00n/a18
Aug ’23US$179.97
US$193.89
+7.7%
11.6%US$230.00US$135.00n/a18
Jul ’23US$172.36
US$197.00
+14.3%
10.9%US$230.00US$135.00n/a18
Jun ’23US$188.09
US$199.28
+5.9%
11.1%US$230.00US$135.00US$112.1618
May ’23US$185.21
US$199.56
+7.7%
11.1%US$230.00US$135.00US$122.0418
Apr ’23US$189.04
US$195.06
+3.2%
10.3%US$224.00US$135.00US$133.8418
Mar ’23US$168.01
US$195.50
+16.4%
10.5%US$224.00US$135.00US$128.9618
Feb ’23US$180.57
US$195.94
+8.5%
10.6%US$224.00US$135.00US$149.1118
Jan ’23US$208.74
US$194.35
-6.9%
13.2%US$226.00US$110.00US$135.6417
Dec ’22US$180.56
US$193.39
+7.1%
12.9%US$223.00US$110.00US$141.7118
Nov ’22US$181.51
US$193.67
+6.7%
12.9%US$223.00US$110.00US$132.2618
Oct ’22US$173.02
US$197.44
+14.1%
12.7%US$231.00US$110.00US$144.5518
Sep ’22US$197.95
US$197.79
-0.08%
12.2%US$229.00US$110.00US$172.0019
Aug ’22US$193.09
US$197.79
+2.4%
12.2%US$229.00US$110.00US$179.9719
Jul ’22US$194.70
US$194.53
-0.09%
11.6%US$214.00US$110.00US$172.3619
Jun ’22US$191.52
US$192.53
+0.5%
11.8%US$214.00US$110.00US$188.0919

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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