# Equinix Inc. Common Stock REIT (EQIX) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Real Estate / Equity Real Estate Investment Trusts (REITs). Price $1035.98, market value $102.2 billion.

## Valuation
- **P/E (trailing): 66.7×** (5-yr avg 91.1×, 3-yr avg 78.8×). Equinix Inc. Common Stock REIT trades at 66.7× 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 55.4×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.90**. A PEG of 0.90 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 10.4×**. Each dollar of revenue is priced at 10.4×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 7.1×**. The shares trade at 7.1× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 23.7×**. Enterprise value is 23.7× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Earnings yield: 1.5%**. The inverse of the P/E: 1.5% of the price is earned each year.

## Profitability
- **Operating margin: 21.8%**. 21.8% 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: 12.3%**. Return on all capital, debt included, is 12.3%.
- **Return on assets: 3.8%**. Each dollar of assets produces 3.8% 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. Common Stock REIT holds more cash than debt.
- **Altman Z-score: 3.24**. A Z-score of 3.24 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.99%** ($19.70 per share, trailing). Equinix Inc. Common Stock REIT yields 1.99%, 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: buy** (29 analysts). 29 analysts cover Equinix Inc. Common Stock REIT; the consensus is buy, with an average price target of $1234.55 (+19% 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): 37.1%** (YTD 36.6%, 3-mo -4.2%). The shares are up 37.1% over twelve months including dividends.
- **From 52-week high: -8.2%** (43.8% above the low). Trading 8% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 0.48** (volatility 25%). Beta of 0.48 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.