Equinix, Inc.

NasdaqGS:EQIX Stock Report

Market Cap: US$92.7b

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 ($926.38) is trading below our estimate of fair value ($1576.6)

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 Ratio84.6x
EarningsUS$1.06b
Market CapUS$92.71b

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 Average63.7x
DLR Digital Realty Trust
146.6x19.9%US$62.6b
AMT American Tower
44.5x20.5%US$90.3b
PSA Public Storage
30.9x6.5%US$55.0b
CCI Crown Castle
32.9x6.3%US$41.2b
EQIX Equinix
84.6x15.1%US$92.7b

Price-To-Earnings vs Peers: EQIX is expensive based on its Price-To-Earnings Ratio (84.6x) compared to the peer average (63.7x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SLVS Silver Star Properties REIT
0.4xn/aUS$25.91m
No more companies available in this PE range
EQIX 84.6xIndustry Avg. 25.2xNo. of Companies4PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EQIX is expensive based on its Price-To-Earnings Ratio (84.6x) compared to the US Specialized REITs industry average (25.2x).

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 Ratio84.6x
Fair PE Ratio45.3x

Price-To-Earnings vs Fair Ratio: EQIX is expensive based on its Price-To-Earnings Ratio (84.6x) compared to the estimated Fair Price-To-Earnings Ratio (45.3x).

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
CurrentUS$926.38
US$1,003.00
+8.3%
8.5%US$1,100.00US$758.00n/a23
Dec ’25US$981.48
US$987.57
+0.6%
8.1%US$1,090.00US$758.00n/a23
Nov ’25US$888.30
US$967.26
+8.9%
7.5%US$1,085.00US$758.00n/a23
Oct ’25US$883.00
US$910.71
+3.1%
9.5%US$1,020.00US$671.00n/a24
Sep ’25US$834.36
US$903.13
+8.2%
9.5%US$1,020.00US$671.00n/a23
Aug ’25US$811.18
US$896.35
+10.5%
9.2%US$1,020.00US$671.00n/a23
Jul ’25US$759.68
US$902.04
+18.7%
9.7%US$1,020.00US$671.00n/a23
Jun ’25US$762.98
US$903.50
+18.4%
9.9%US$1,020.00US$671.00n/a22
May ’25US$695.33
US$911.59
+31.1%
10.2%US$1,020.00US$669.00n/a22
Apr ’25US$800.05
US$920.64
+15.1%
8.8%US$1,020.00US$700.00n/a22
Mar ’25US$900.53
US$906.45
+0.7%
8.8%US$1,020.00US$700.00n/a22
Feb ’25US$846.33
US$863.95
+2.1%
8.5%US$979.00US$630.00n/a22
Jan ’25US$805.39
US$858.86
+6.6%
8.9%US$979.00US$630.00n/a22
Dec ’24US$824.42
US$832.35
+1.0%
9.1%US$960.00US$630.00US$981.4823
Nov ’24US$739.13
US$821.29
+11.1%
9.4%US$920.00US$630.00US$888.3021
Oct ’24US$726.26
US$834.20
+14.9%
10.1%US$938.00US$630.00US$883.0020
Sep ’24US$777.52
US$832.45
+7.1%
10.4%US$938.00US$630.00US$834.3620
Aug ’24US$805.16
US$813.24
+1.0%
9.7%US$910.00US$620.00US$811.1821
Jul ’24US$783.94
US$807.52
+3.0%
9.3%US$900.00US$620.00US$759.6821
Jun ’24US$753.26
US$787.52
+4.5%
8.4%US$886.00US$620.00US$762.9821
May ’24US$722.01
US$775.04
+7.3%
8.7%US$884.00US$580.00US$695.3323
Apr ’24US$721.04
US$775.83
+7.6%
8.9%US$884.00US$580.00US$800.0523
Mar ’24US$675.98
US$774.52
+14.6%
8.9%US$884.00US$580.00US$900.5323
Feb ’24US$738.13
US$750.08
+1.6%
8.8%US$886.00US$570.00US$846.3324
Jan ’24US$655.03
US$734.63
+12.2%
10.0%US$886.00US$570.00US$805.3924
Dec ’23US$698.15
US$710.86
+1.8%
9.4%US$870.00US$570.00US$824.4222

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 Analysis2024/12/18 05:07
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Equinix, Inc. is covered by 72 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob KilsteinArgus Research Company
null nullArgus Research Company
Christopher WattsAtlantic Equities LLP