Equinix, Inc.

WBAG:EQIX Stock Report

Market Cap: €89.5b

Equinix Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: EQIX (€930.8) is trading below our estimate of fair value (€1577.98)

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

Key Valuation Metric

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

Key metric: As EQIX is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for EQIX. This is calculated by dividing EQIX's market cap by their current earnings.
What is EQIX's PE Ratio?
PE Ratio89.4x
EarningsUS$1.06b
Market CapUS$94.47b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EQIX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average68.5x
DLR Digital Realty Trust
161.7x21.1%US$66.0b
AJBU Keppel DC REIT
25.9x13.5%S$3.9b
AMT American Tower
50.3x20.0%US$97.8b
PSA Public Storage
36.2x6.9%US$61.7b
EQIX Equinix
89.4x15.1%€94.5b

Price-To-Earnings vs Peers: EQIX is expensive based on its Price-To-Earnings Ratio (89.4x) compared to the peer average (68.5x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
EQIX 89.4xIndustry Avg. 19.3xNo. of Companies8PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EQIX is expensive based on its Price-To-Earnings Ratio (89.4x) compared to the Global Specialized REITs industry average (19.3x).

Price to Earnings Ratio vs Fair Ratio

What is EQIX'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.

EQIX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio89.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate EQIX's Price-To-Earnings Fair Ratio for valuation analysis.

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 EQIX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€930.80
€935.72
+0.5%
8.1%€1,032.78€718.21n/a23
Nov ’25€825.80
€889.30
+7.7%
7.5%€997.55€696.91n/a23
Oct ’25€797.60
€822.73
+3.2%
9.5%€921.47€606.18n/a24
Sep ’25€739.20
€806.95
+9.2%
9.5%€911.37€599.54n/a23
Aug ’25€746.00
€826.07
+10.7%
9.2%€940.03€618.39n/a23
Jul ’25€702.60
€840.07
+19.6%
9.7%€949.93€624.90n/a23
Jun ’25€701.60
€834.29
+18.9%
9.9%€941.87€619.60n/a22
May ’25€664.80
€854.34
+28.5%
10.2%€955.94€626.99n/a22
Apr ’25€760.00
€853.43
+12.3%
8.8%€945.54€648.90n/a22
Mar ’25€825.80
€838.65
+1.6%
8.8%€943.70€647.64n/a22
Feb ’25€767.00
€793.89
+3.5%
8.5%€899.60€578.91n/a22
Jan ’25€736.20
€777.53
+5.6%
8.9%€886.29€570.34n/a22
Dec ’24€752.40
€764.76
+1.6%
9.1%€882.05€578.84n/a23
Nov ’24€701.40
€777.92
+10.9%
9.4%€871.42€596.74€825.8021
Oct ’24€690.80
€789.07
+14.2%
10.1%€887.25€595.92€797.6020
Sep ’24€727.80
€763.44
+4.9%
10.4%€860.24€577.77€739.2020
Aug ’24€735.20
€741.51
+0.9%
9.7%€829.74€565.32€746.0021
Jul ’24€711.80
€736.62
+3.5%
9.3%€820.98€565.56€702.6021
Jun ’24€698.40
€736.89
+5.5%
8.4%€829.03€580.13€701.6021
May ’24€647.60
€707.07
+9.2%
8.7%€806.47€529.13€664.8023
Apr ’24€656.30
€718.80
+9.5%
8.9%€819.03€537.37€760.0023
Mar ’24€633.80
€726.42
+14.6%
8.9%€829.10€543.98€825.8023
Feb ’24€666.00
€682.80
+2.5%
8.8%€806.53€518.87€767.0024
Jan ’24€619.40
€693.19
+11.9%
10.0%€836.03€537.85€736.2024
Dec ’23€668.00
€688.47
+3.1%
9.4%€842.60€552.05€752.4022
Nov ’23€563.90
€711.69
+26.2%
14.5%€991.90€555.46€701.4022

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

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