Digital Realty Trust, Inc.

DB:FQI Stock Report

Market Cap: €49.8b

Digital Realty Trust Valuation

Is FQI 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 FQI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€243.58
Fair Value
39.3% undervalued intrinsic discount
24
Number of Analysts

Below Fair Value: FQI (€147.9) is trading below our estimate of fair value (€243.58)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FQI. This is calculated by dividing FQI's market cap by their current earnings.
What is FQI's PE Ratio?
PE Ratio143.8x
EarningsUS$390.23m
Market CapUS$56.10b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FQI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average42.3x
EQIX Equinix
91.2x16.4%US$84.6b
AJBU Keppel DC REIT
16.4x-2.0%S$4.9b
HABA Hamborner REIT
31.3x-2.1%€510.0m
PSA Public Storage
30.1x5.5%US$53.5b
FQI Digital Realty Trust
143.8x23.4%€56.1b

Price-To-Earnings vs Peers: FQI is expensive based on its Price-To-Earnings Ratio (143.8x) compared to the peer average (42.3x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FQI 143.8xIndustry Avg. 16.4xNo. of Companies8PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FQI is expensive based on its Price-To-Earnings Ratio (143.8x) compared to the Global Specialized REITs industry average (16.4x).

Price to Earnings Ratio vs Fair Ratio

What is FQI'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.

FQI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio143.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FQI'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 FQI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€147.90
€164.06
+10.9%
10.6%€195.49€123.52n/a24
May ’26€141.64
€162.88
+15.0%
10.5%€194.04€122.60n/a24
Apr ’26€135.26
€175.22
+29.5%
12.4%€203.35€119.23n/a23
Mar ’26€150.04
€182.31
+21.5%
14.8%€212.12€108.95n/a24
Feb ’26€158.06
€182.66
+15.6%
15.1%€218.02€109.98n/a23
Jan ’26€169.02
€176.43
+4.4%
15.9%€218.20€110.07n/a23
Dec ’25€187.24
€170.97
-8.7%
14.7%€202.25€108.76n/a23
Nov ’25€162.80
€159.06
-2.3%
14.6%€194.91€104.81n/a22
Oct ’25€144.60
€143.19
-1.0%
13.0%€169.84€102.99n/a22
Sep ’25€137.14
€141.11
+2.9%
12.6%€168.09€101.93n/a22
Aug ’25€140.68
€144.51
+2.7%
12.9%€173.15€102.23n/a22
Jul ’25€141.38
€142.98
+1.1%
13.1%€172.29€103.37n/a21
Jun ’25€131.48
€137.72
+4.7%
12.2%€161.32€102.32n/a20
May ’25€130.68
€134.48
+2.9%
12.7%€156.59€99.48€141.6420
Apr ’25€133.00
€133.05
+0.03%
13.5%€156.42€92.01€135.2620
Mar ’25€138.50
€131.23
-5.2%
13.8%€157.28€92.52€150.0419
Feb ’25€131.70
€124.56
-5.4%
12.9%€156.21€91.89€158.0620
Jan ’25€122.60
€120.70
-1.6%
13.2%€153.99€87.86€169.0220
Dec ’24€127.35
€118.25
-7.1%
11.8%€133.23€89.12€187.2420
Nov ’24€119.35
€121.44
+1.7%
11.6%€136.28€88.96€162.8019
Oct ’24€114.50
€119.97
+4.8%
12.0%€136.21€88.91€144.6018
Sep ’24€122.25
€116.48
-4.7%
11.5%€133.30€87.02€137.1418
Aug ’24€112.35
€111.28
-0.9%
11.6%€131.11€85.59€140.6818
Jul ’24€104.25
€111.40
+6.9%
16.9%€162.61€74.34€141.3818
Jun ’24€95.98
€111.71
+16.4%
17.3%€163.75€74.86€131.4818
May ’24€89.78
€108.20
+20.5%
18.3%€159.51€72.92€130.6820
AnalystConsensusTarget
Consensus Narrative from 24 Analysts
€163.93
Fair Value
9.8% undervalued intrinsic discount
24
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 Analysis2025/05/11 18:11
End of Day Share Price 2025/05/09 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

Digital Realty Trust, Inc. is covered by 58 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
Jacob KilsteinArgus Research Company
James RatcliffeBarclays