Equinix Inc (EQIX) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Equinix Inc stock $199, price $1,054, that is 81.1% below the price, quality 49 out of 100. Rating: strongly overvalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $465.36 – $1,111 · fair‑value band $170.22 – $290.74 · the $1,054 price screens above the $199.22 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Equinix, Inc. shortens the path to boundless connectivity anywhere in the world. Its digital infrastructure, data center footprint and interconnected ecosystems empower innovations that enhance our work, life and planet.
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Equinix connects economies, countries, organizations and communities, delivering seamless digital experiences and cutting-edge AI quickly, efficiently and everywhere. Equinix, Inc. was established on June 22, 1998 and is based in Redwood City, United States.
Stock analysis
Equinix Inc (EQIX) currently trades at $1,054, while our model-based Fair Value estimate is $199.22, 81% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of $296.66 per share, and 0 of the 9 models we run sit above the $1,054 price.
Bear case: the Asset-Based group reads lowest at $46.55, and 9 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: $170.22 (bear) to $290.74 (bull), the price of $1,054 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Equinix Inc reported revenue of $9.3B in FY2025 versus $6.6B in FY2021, a compound +8.7%/yr. Reported net income was $1.4B in FY2025, compounding +28.2%/yr from FY2021.
Key figures
Market cap $104B Large · P/E ratio 67.3 · P/S ratio 10.6 · EPS (TTM) $15.67 · Dividend yield 1.9% · Net margin 15.5% · Return on equity 10.7% · Return on assets (EBIT) 4.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (medium confidence).
What moves the price
The share trades about 5% below its 52-week high and 47% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −25% fair-value upside, at −81%, EQIX screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely ($30.66 to $461.52). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear$170.22Fair Value $199.22Bull$290.74
Price $1,054 · Downside -81.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 7 officers or directors sold shares worth $14.8M and none bought.
SaleMichael Shane PaladinChief Customer & Rev Officer6× since Jan 16, 2026: 1,836 shares, avg. $941.41$1.7MSep 4, 2026
SaleKurt PletcherChief Legal Officer7× since Dec 2, 2025: 2,800 shares, avg. $906.71$2.5MAug 20, 202610b5-1 plan
SaleChristopher B PaisleyDirector5× since Nov 18, 2025: 4,400 shares, avg. $1,018$4.5MAug 18, 2026
SaleBrandi Galvin MorandiChief People Officer6× since Jan 16, 2026: 8,281 shares, avg. $985.91$8.2MJun 8, 202610b5-1 plan
SaleAdaire Fox-MartinCEO and President, Director5× since Dec 2, 2025: 13,815 shares, avg. $894.79$12.4MJun 2, 202610b5-1 plan
SaleRaouf AbdelEVP, Global Operations8× since Dec 2, 2025: 6,544 shares, avg. $958.68$6.3MJun 2, 2026
SaleJonathan LinChief Business Officer5× since Dec 2, 2025: 2,922 shares, avg. $901.11$2.6MJun 2, 202610b5-1 plan
SaleCharles J MeyersDirector6× since Nov 17, 2025: 17,035 shares, avg. $923.32$15.7MMay 6, 2026
SaleSimon MillerChief Accounting Officer2× since Mar 3, 2026: 711 shares, avg. $961.53$683,889Mar 12, 2026
SaleKeith D TaylorChief Financial Officer4× since Jan 16, 2026: 7,233 shares, avg. $906.33$6.6MMar 12, 202610b5-1 plan
Plus 11 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.46/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+5.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.1%
Start year 2020 (pandemic). Over 10 years: +13.0% a year
Revenue growth 26 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+61.3%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+28.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.9%
Dividend (yield on the price)1.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.20.0% vs 18.6%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.18% → 20%
2025 sits 64% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Equinix benefits from scale and an interconnection ecosystem that creates a durable data-center advantage, yet capital intensity, limited innovation, negative free cash flow and elevated debt constrain overall strength.
Main risk: Rivals such as Digital Realty could provide hyperscale or AI-ready capacity at lower rates without Equinix's premium interconnection ecosystem, drawing away customers or pressuring prices and margins.
Bull case: Equinix could leverage its dense interconnection ecosystem and partnerships to attract hybrid AI workloads that require low-latency connectivity across providers, strengthening its position against pure capacity rivals.
Bear case: If regulatory blocks and cheaper alternatives persist, Equinix might struggle to secure sufficient new sites and power capacity, constraining growth in its core colocation and interconnection business.
Equinix posted record annualized gross bookings in its latest quarter, driven by broad demand and higher pricing on new deals for both traditional and AI workloads. Our models currently see it as overvalued. Does the momentum from AI deployments widen its interconnection edge enough to offset rising development costs, or does it mainly add scale without improving margins much?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Specialty · 29 stocks
Beats the industry median on 2/14 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Bottom 25%
Fair Value upside−81.1% · Bottom 25%
Profitability
Return on equity (12 months)10.7% · Above median
Return on assets3.4% · Below median
Net margin (12 months)15.5% · Below median
Operating margin (12 months)27.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)16.7% · Top 25%
Dividend yield (12 months)1.9% · Bottom 25%
Balance sheet
Debt / equity1.24× · Highest 25%
Valuation Multiplesvs REIT - Specialty median · lower = cheaper
P/E (12 months)67.3× · Priciest 25%
P/B7.38× · Priciest 25%
P/S (12 months)10.55× · Priciest 25%
EV/EBITDA26.5× · Priciest 25%
PEG2.89× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 9
FUTURE (revenue growth)84· sector 16
PAST (return on equity)43· sector 32
HEALTH (low debt)38· sector 74
DIVIDEND (yield)37· sector 100
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Equinix Inc Fair Value". https://www.fairvalue-calculator.com/stock/EQIX
Frequently asked questions
Is Equinix Inc (EQIX) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $199.22 versus a price of $1,054, about 81% lower (overvalued).
What is the fair value of EQIX?
Our model-based fair value for Equinix Inc is $199.22 (as of Nov 5, 2026), built from audited fundamentals. The current price: $1,054.
What is the quality score of EQIX?
Equinix Inc has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Equinix Inc (EQIX)?
Our model-based price target is the fair value of $199.22 (as of Nov 5, 2026) from 9 valuation models. Cautious scenario $170.22, optimistic scenario $290.74. It is a calculation from audited fundamentals, not an analyst target.
What is the Equinix Inc stock forecast for 2026?
Our models put fair value at $199.22, about 81% lower versus a price of $1,054 (overvalued). Cautious scenario $170.22, optimistic scenario $290.74. The calculation is refreshed regularly with new filings.
What is the revenue of Equinix Inc (EQIX)?
Equinix Inc reported trailing-twelve-month revenue of about $9.9B (latest available figure, as of Nov 5, 2026).
Does Equinix Inc pay a dividend?
Equinix Inc currently shows a dividend yield of 1.87% relative to its recent price (as of Nov 5, 2026).
What is the intrinsic value of Equinix Inc (EQIX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Equinix Inc it is $199.22 per share (as of Nov 5, 2026), against a price of $1,054. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Equinix Inc stock overvalued or undervalued in 2026?
As of Nov 5, 2026, EQIX trades above its calculated fair value: price $1,054, fair value $199.22, a gap of about −81% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of EQIX?
No. The price is what the market pays today ($1,054); the fair value is what the company's own numbers justify ($199.22). For Equinix Inc the two are $854.87 per share apart. That gap is exactly why we show both numbers side by side.
How much is Equinix Inc worth?
The market values Equinix Inc at about $104B (market capitalisation, as of Nov 5, 2026). Per share that is $1,054; our models calculate a fair value of $199.22 per share.
What do the bullish and bearish scenarios say about EQIX?
Our models span a range for Equinix Inc: cautious scenario $170.22, base $199.22, optimistic $290.74 per share (as of Nov 5, 2026, price $1,054). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EQIX?
Equinix Inc trades at a price-to-earnings ratio of 67.3 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $199.22 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), earnings ex one-offs: 92.5. Other multiples: PEG 2.9, P/B 7.4, P/S 10.6, EV/EBITDA 26.5.
What is the PEG ratio of EQIX?
The PEG ratio of Equinix Inc is 2.89 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Equinix Inc (EQIX)?
Balance-sheet figures for Equinix Inc (as of Nov 5, 2026): return on equity 10.7%, debt of 1.24 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is EQIX from its 52-week high?
Equinix Inc trades at $1,054, about 5% below its 52-week high of $1,111 and 47% above the low of $715.18 (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of $199.22 is for.
Which stocks are comparable to Equinix Inc?
From the same area (Real Estate) we also value American Tower Corporation, Digital Realty Trust, Inc, Crown Castle Inc, Iron Mountain Incorporated, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Equinix Inc stock attractive at the current price?
The data as of Nov 5, 2026: price $1,054, calculated fair value $199.22 (−81%), Quality Score 49/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of EQIX calculated?
We run Equinix Inc through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $199.22, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.6% above its aggregate fair value. Equinix Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Equinix Inc (EQIX)?
The closing price on Nov 4, 2026 was $1,054. Our model-based fair value is $199.22, about 81% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Equinix Inc right now?
The price sits above even our optimistic bull case ($290.74). The favourable scenario is already priced in. Weak quality (49/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Equinix Inc (EQIX) come from?
Earnings per share at Equinix Inc grew +19.2 % a year from 2015 to 2025. Broken into its drivers: revenue per share +7.5 %, EBIT margin −0.7 %, tax rate +0.7 %, residual (interest, one-offs) +11.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Equinix Inc
How large is the market capitalisation of Equinix Inc (EQIX)?
The market capitalisation of Equinix Inc is $104B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Equinix Inc (EQIX)?
The price-to-sales ratio of Equinix Inc is 10.6 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Equinix Inc (EQIX)?
Earnings per share at Equinix Inc are $15.67 (price ÷ EPS = P/E 67.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Equinix Inc (EQIX)?
The dividend yield of Equinix Inc is 1.9% (payout 126%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Equinix Inc (EQIX)?
The net margin of Equinix Inc is 15.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Equinix Inc (EQIX)?
The return on equity (ROE) of Equinix Inc is 10.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Equinix Inc (EQIX)?
On an EBIT basis the return on assets of Equinix Inc is 4.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Equinix Inc (EQIX)?
The operating margin of Equinix Inc is 27.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Equinix Inc (EQIX)?
Revenue at Equinix Inc is growing +16.7% versus a year earlier (3y avg +8.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Equinix Inc (EQIX)?
Earnings per share at Equinix Inc are growing +28.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Equinix Inc (EQIX) generate?
The free cash flow of Equinix Inc is −$400M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Equinix Inc (EQIX) carry?
The net debt of Equinix Inc is $21.0B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 5, 2026