---
title: Crown Castle (CCI) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/cci
ticker: CCI
as_of: 2026-10-17
sector: Real Estate
industry: REIT - Specialty
---
# Crown Castle (CCI)

Crown Castle (CCI) closed at $82.26 on Oct 16, 2026, undervalued by 3% vs its model value of $84.97 (from its own five-year median price to Cash FFO).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $82.26 (Oct 16, 2026) |
| Model value (from its own five-year median price to Cash FFO) | $84.97 |
| Price vs model | undervalued by 3% vs model |
| Range of that model | $78.67 – $98.51 |
| Market value | $35.9B |
| P/E (fiscal 2025) | 81.4 |
| Net margin (fiscal 2025) | 10.4% |
| Free cash flow (fiscal 2025) | $2.9B |
| Dividend yield (trailing twelve months) | 5.17% |
| Beta | 0.96 |
| Cost of capital (WACC) | 7.39% |
| Business classification | Dividend Payer (Revenue declining (~-31% recent), High profitability (207% net margin), Strong dividend yield, Highly cyclical earnings, High leverage (D/E 5.0x), Strong FCF yield (8.0%)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Highest dividend yield | #23 | 5.17% | https://sweetvaluelab.com/lists/highest-dividend-yield |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 5.17% |
| Dividends per share, last 12 months | $4.25 |
| Dividends / FFO (fiscal 2025) | 183.4% |
| Raised | — |
| Growth over 5 years | -4.4% a year |
| Latest payment | $1.0625, ex-date Sep 15, 2026, paid Sep 30, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 14, 2021 | $5.32 |
| To Sep 14, 2022 | $5.88 |
| To Sep 14, 2023 | $6.26 |
| To Sep 13, 2024 | $6.26 |
| To Sep 15, 2025 | $5.26 |
| Trailing twelve months (to Sep 15, 2026) | $4.25 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/Cash FFO · own history | primary | $84.97 | $78.67 | $98.51 |
| P/E · peers | cross check | $34.39 | $33.57 | $42.32 |
| P/E · own history | cross check | $71.28 | $44.15 | $108.70 |
| PEG | sanity check | $48.04 | $48.04 | $48.04 |
| EV/EBITDA · peers | cross check | $90.64 | $73.10 | $91.45 |
| EV/Revenue · peers | cross check | $0.00 | $0.00 | $2.87 |
| Dividend discount | cross check | $90.71 | $63.78 | $142.58 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 1 open-market sale ($113,835); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 15, 2026 | Hillabrant Christian H | President and CEO | Option/RSU exercise | 24,466 | $0 |
| Sep 15, 2026 | Hillabrant Christian H | President and CEO | Option/RSU exercise | 7,340 | $0 |
| Sep 15, 2026 | Hillabrant Christian H | President and CEO | Tax withholding | 12,160 | $901,907.2 |
| Sep 15, 2026 | Hillabrant Christian H | President and CEO | Option/RSU exercise | 24,466 | $0 |
| Sep 15, 2026 | Hillabrant Christian H | President and CEO | Option/RSU exercise | 7,340 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 14, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1051470/000105147026000081/cci-20260914.htm |
| Aug 5, 2026 | 8-K | 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1051470/000105147026000076/cci-20260805.htm |
| Aug 5, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1051470/000105147026000074/cci-20260630.htm |
| Jul 22, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1051470/000105147026000069/cci-20260722.htm |
| May 20, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1051470/000105147026000065/cci-20260520.htm |

## About

Crown Castle Inc. specializes in critical digital infrastructure across the United States. The company actively manages, operates, and leases an expansive network, featuring over 40,000 cellular communication towers and approximately 80,000 miles of fiber optic cable. This comprehensive infrastructure underpins both small cell deployments and various advanced fiber solutions, spanning every significant U.S. metropolitan area. Through these vital connections, Crown Castle links communities and urban centers to essential data, cutting-edge technology, and indispensable wireless services, thereby delivering crucial information, innovative concepts, and communication capabilities to individuals and enterprises alike. More information can be found at www.crowncastle.com.

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Source: https://sweetvaluelab.com/stocks/cci (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.
