# Equinix Inc. REIT (EQIX) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Real Estate / Specialty REITs. Price $1014.40, market value $100.4 billion.

## Valuation
- **P/E (trailing): 60.9×** (5-yr avg 91.1×, 3-yr avg 78.8×). Equinix Inc. REIT trades at 60.9× trailing earnings, well below its own five-year average of 91.1×: cheap by its own standards. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 49.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.79**. A PEG of 0.79 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 10.0×**. Each dollar of revenue is priced at 10.0×.
- **Price / book: 6.9×**. The shares trade at 6.9× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 22.5×**. Enterprise value is 22.5× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Earnings yield: 1.6%**. The inverse of the P/E: 1.6% of the price is earned each year.

## Profitability
- **Operating margin: 22.5%**. 22.5% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 14.6%**. 14.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 9.5%**. 9.5% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 13.0%**. Return on all capital, debt included, is 13.0%.
- **Return on assets: 4.1%**. Each dollar of assets produces 4.1% of profit.

## Growth
- **Revenue growth (1 yr): 5.4%** (3-yr 8.3%/yr, 5-yr 9.0%/yr). Revenue grew 5.4% over the last year, against 9.0% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 61.9%** (3-yr 21.5%/yr, 5-yr 26.9%/yr). Earnings per share rose 61.9%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.09**. Debt is 0.09 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Equinix Inc. REIT holds more cash than debt.
- **Current ratio: 1.32** (quick 1.32). Current assets cover the next year's liabilities 1.32 times.
- **Altman Z-score: 3.23**. A Z-score of 3.23 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.03%** ($20.17 per share, trailing). Equinix Inc. REIT yields 2.03%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 137%**. The dividend exceeds earnings (137% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 9**. 9 straight years of increases.
- **Dividend growth (5 yr): 12.0%/yr** (1-yr 10.1%). The dividend has compounded at 12.0% a year over five years, doubling roughly every 6 years at that pace.

## Analyst view
- **Analyst consensus: strong_buy** (32 analysts). 32 analysts cover Equinix Inc. REIT; the consensus is strong_buy, with an average price target of $1234.88 (+22% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 19.4%** (YTD 31.0%, 3-mo -3.7%). The shares are up 19.4% over twelve months including dividends.
- **From 52-week high: -10.1%** (40.8% above the low). Trading 10% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 47**. An RSI of 47 is neutral.
- **Beta (1 yr): 0.57** (volatility 26%). Beta of 0.57 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=EQIX · Page: https://foliofundamentals.com/stocks/eqix

Not investment advice.