Crown Castle Inc.

NYSE:CCI Stock Report

Market Cap: US$44.2b

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

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

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.

Discounted Cash Flow
Simply Wall St
US$139.97
Fair Value
28.6% undervalued intrinsic discount
19
Number of Analysts

Below Fair Value: CCI ($99.92) is trading below our estimate of fair value ($139.97)

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

Key Valuation Metric

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

Key metric: As CCI is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CCI. This is calculated by dividing CCI's market cap by their current revenue.
What is CCI's PS Ratio?
PS Ratio6.7x
SalesUS$6.52b
Market CapUS$44.21b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for CCI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average10x
SBAC SBA Communications
9.1x4.56%US$24.9b
AMT American Tower
9.7x4.58%US$100.1b
PSA Public Storage
10.9x4.29%US$52.1b
DLR Digital Realty Trust
10.2x9.62%US$57.4b
CCI Crown Castle
6.7x-9.52%US$44.2b

Price-To-Sales vs Peers: CCI is good value based on its Price-To-Sales Ratio (6.7x) compared to the peer average (10x).

Price to Sales Ratio vs Industry

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

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
CRNG CorEnergy Infrastructure Trust
0.1xn/aUS$14.52m
CORL.Q CorEnergy Infrastructure Trust
0.1xn/aUS$194.73k
No more companies available in this PS range
CCI 6.7xIndustry Avg. 8.2xNo. of Companies5PS03.67.210.814.418+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CCI is good value based on its Price-To-Sales Ratio (6.7x) compared to the US Specialized REITs industry average (8.2x).

Price to Sales Ratio vs Fair Ratio

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

CCI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.7x
Fair PS Ratio8.1x

Price-To-Sales vs Fair Ratio: CCI is good value based on its Price-To-Sales Ratio (6.7x) compared to the estimated Fair Price-To-Sales Ratio (8.1x).

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$99.92
US$114.01
+14.10%
7.22%US$125.00US$97.00n/a19
May ’26US$106.30
US$112.29
+5.64%
7.01%US$125.00US$97.00n/a17
Apr ’26US$104.61
US$110.41
+5.55%
7.75%US$125.00US$90.00n/a17
Mar ’26US$94.10
US$108.61
+15.42%
12.49%US$135.00US$84.00n/a18
Feb ’26US$89.28
US$111.39
+24.76%
12.50%US$135.00US$84.00n/a18
Jan ’26US$90.76
US$114.94
+26.64%
10.37%US$135.00US$84.00n/a17
Dec ’25US$106.25
US$117.71
+10.78%
9.00%US$135.00US$86.00n/a17
Nov ’25US$106.58
US$117.71
+10.44%
9.00%US$135.00US$86.00n/a17
Oct ’25US$119.11
US$113.94
-4.34%
9.89%US$135.00US$86.00n/a17
Sep ’25US$112.02
US$112.12
+0.087%
9.98%US$135.00US$86.00n/a17
Aug ’25US$112.29
US$111.71
-0.52%
10.03%US$135.00US$86.00n/a17
Jul ’25US$95.98
US$110.47
+15.10%
10.28%US$130.00US$85.00n/a17
Jun ’25US$102.50
US$111.50
+8.78%
10.45%US$130.00US$85.00n/a16
May ’25US$95.23
US$112.06
+17.68%
10.08%US$130.00US$85.00US$106.3016
Apr ’25US$104.26
US$116.38
+11.62%
10.27%US$133.00US$85.00US$104.6116
Mar ’25US$111.06
US$116.38
+4.79%
10.27%US$133.00US$85.00US$94.1016
Feb ’25US$111.06
US$115.31
+3.83%
11.49%US$133.00US$85.00US$89.2816
Jan ’25US$115.19
US$112.31
-2.50%
10.42%US$132.00US$91.00US$90.7616
Dec ’24US$118.57
US$103.69
-12.55%
11.78%US$130.00US$90.00US$106.2516
Nov ’24US$92.43
US$108.12
+16.97%
17.01%US$162.00US$85.00US$106.5817
Oct ’24US$92.03
US$125.75
+36.64%
12.30%US$162.00US$106.00US$119.1116
Sep ’24US$99.77
US$130.18
+30.48%
12.63%US$162.00US$106.00US$112.0217
Aug ’24US$108.25
US$128.76
+18.95%
14.26%US$162.00US$91.00US$112.2917
Jul ’24US$113.94
US$150.29
+31.91%
8.07%US$175.00US$130.00US$95.9817
Jun ’24US$112.16
US$150.65
+34.31%
7.71%US$175.00US$135.00US$102.5017
May ’24US$122.04
US$150.65
+23.44%
7.71%US$175.00US$135.00US$95.2317
AnalystConsensusTarget
Consensus Narrative from 19 Analysts
US$114.01
Fair Value
12.4% undervalued intrinsic discount
19
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/22 04:01
End of Day Share Price 2025/05/22 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Crown Castle Inc. is covered by 48 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher WattsAtlantic Equities LLP
Amir RozwadowskiBarclays
Brendan LynchBarclays