EQIX

Nasdaq

EQUINIX INC

Real Estate, Data Center REITs

$1,042.62

close 7 Aug 2026

+34.23%

52-week change

$102.88B

market cap

$720.62

$1,128.68

52-week range

Expected price

$1,199.12 – $1,465.59

Current price

$1,042.62

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)67.09x

P/S (TTM)10.49x

P/B7.15x

EV/EBITDA (TTM)28.31x

FCF yield (TTM)-1.42%

PEG (TTM, GAAP)3.12

Context

P/E, own 5-year average95.84x

P/E, sector median34.68x*

Price at 5-year median P/E$1,335.31*

Indicated dividend yield1.98%

Forward — analyst consensus

Forward P/E (FY2026)58.31x*

Forward P/E (FY2027)55.22x

Forward PEG10.41*

Consensus EPS FY2026 (3 analysts)$17.88

EPS growth (FY2026→FY2027)5.60%

Revenue growth (FY2026)11.47%

Street view

Price target (mean)$1,225.76*

Target upside17.57%

Ratings (buy / hold / sell)26 / 6 / 0

FY2026 EPS revisions, 30d (up / down)1 / 1

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 29 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$1,042.62

Cash & equivalents$979.00M

Total debt$19.88B

Shares outstanding98.67M

Result

DCF price per share-$527.69

Current price$1,042.62

Margin of safety-150.61%

PV of years 1–10-$12.58B

PV of terminal value-$20.59B

Equity value-$52.07B

Market-implied growth—

The base free cash flow is not positive; growing a negative flow is rarely a meaningful valuation.

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	-$1.54B	-$1.61B	-$1.69B	-$1.78B	-$1.87B	-$1.96B	-$2.06B	-$2.16B	-$2.27B	-$2.38B	-$44.44B
PV	-$1.42B	-$1.38B	-$1.35B	-$1.31B	-$1.27B	-$1.24B	-$1.20B	-$1.17B	-$1.14B	-$1.10B	-$20.59B

period to 30 Jun 2026, filed 29 Jul 2026, close 7 Aug 2026