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STOCK COMPARISON

Digital Realty Trust vs Equinix: Fair Value & Quality

Both stocks run through our valuation models. Here is how Digital Realty Trust (DLR) and Equinix (EQIX) compare, as of Nov 5, 2026.

As of Nov 5, 2026, Fair Value Calculator sees Digital Realty Trust as the less overvalued of the two: Digital Realty Trust trades at $175 versus a fair value of $128 (−26.8%), while Equinix trades at $997 versus $199 (−80.0%). The fair value of Equinix carries the note "Extreme value": read it with caution.
Digital Realty Trust
DLR · USD · Real Estate
−26.8%
upside to fair value
overvalued
Price$175
Fair Value$128
Quality50/100
Fair ValueQualityUptrend
Equinix
EQIX · USD · Real Estate
−80.0%
upside to fair value
overvalued
Extreme value
Price$997
Fair Value$199
Quality49/100
Fair ValueQualityUptrend
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Digital Realty TrustEquinix
Valuation
72.4×P/E (TTM)63.6×
110.9×P/E ex one-offs (FY2025)69.7×
56.4×Forward P/E (FY2027)53.8×
66.7×Median P/E at FY-end (10 FY, ex one-offs where documented)92.5×
10.03×P/S (TTM)9.98×
2.96×P/B6.98×
25.8×EV/EBITDA25.3×
11.85×PEG2.89×
−26.8%Fair value upside−80.0%
2.8%Dividend yield2.0%
$4.88Dividend per share$19.70
Profitability
25.9%Operating margin27.0%
0.76×EBIT margin trend (5Y)1.14×
2.9%Return on equity10.7%
2.7%Return on assets3.4%
Growth
29.9%Revenue growth (YoY)16.7%
9.2%Avg. growth/yr (3Y)8.4%
9.4%Avg. growth/yr (5Y)9.1%
+12.0%Value creation/yr+28.9%
Balance & size
1.5×Interest coverage (EBIT/interest)3.2×
0.80×Debt / equity1.24×
$68BMarket cap$99B
expensiveGrowth qualityexpensive
The P/E excluding one-off items is scored: for at least one of the two companies, special items (write-downs, restructuring, litigation) move the reported P/E by 15 % or more. The trailing P/E is shown for reference.
Digital Realty Trust, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 6 of the years ex one-offs: 66.7. Equinix, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), earnings ex one-offs: 92.5.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Equinix leads: 6 to 9 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Digital Realty Trust Equinix
ProfitabilityHow much profit the company makes from its sales and capital
33
34
Quality GrowthAre margins and returns getting better?
64
62
CashflowDo the profits arrive as real cash?
72
51
Financial strengthDebt, balance sheet and risk of trouble
39
30
InvestmentDoes it invest with discipline instead of growing at any price?
48
38
Low VolatilityHow calm the share price moves, does not count
66
69
Price momentumPrice momentum of the last 3 to 12 months, does not count
36
46
Near the 52-week highDistance to the 52-week high, does not count
47
65
New sharesBuys back shares or issues new ones?
39
68

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyDigital Realty TrustPrice $175EquinixPrice $997
DCF Models−26.8%below the price$128n/a
Dividend Discount−54.9%below the price$78.81−67.6%below the price$323
Multiples−65.7%below the price$59.96−80.0%below the price$199
Asset-Based−88.5%below the price$20.01−95.3%below the price$46.55
Growth DCF−46.0%below the price$94.27n/a
Economic Profit−71.3%below the price$50.14−86.2%below the price$137
Matching families4 of 6
Minimum−88.5%below the price$20.01−95.3%below the price$46.55
Maximum−54.9%below the price$78.81−67.6%below the price$323
Median−68.5%below the price$55.05−83.1%below the price$168
Geometric mean−73.3%below the price$46.66−85.7%below the price$142
Ahead family by family4 of 40 of 4

Minimum, maximum, median and geometric mean only use the families both stocks have (matching families: 4 of 6), so a family without a value on one side does not distort the comparison. Ahead in a family is the stock whose fair value there sits higher relative to its price. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Family by family: Digital Realty Trust is ahead in 4 of 4 shared families, Equinix in none.

Digital Realty Trust: 14 of 14 models see the stock below the current price.

Equinix: 9 of 9 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Digital Realty Trust
Price $175
Fair Value $128
Bear $49.62Bull $231
Equinix
Price $997
Fair Value $199
Bear $170Bull $291

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Digital Realty Trust · Real Estate

Quality score50 · below median
Fair value upside−26.8% · below median

Equinix · Real Estate

Quality score49 · below median
Fair value upside−80.0% · bottom 25%

Bottom line

As of Nov 5, 2026, Fair Value Calculator sees Digital Realty Trust as the less overvalued of the two: Digital Realty Trust trades at $175 versus a fair value of $128 (−26.8%), while Equinix trades at $997 versus $199 (−80.0%). The fair value of Equinix carries the note "Extreme value": read it with caution.

Digital Realty Trust has the higher quality score (50/100).

Open Digital Realty Trust live analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.