Stock Analysis
Equinix, Inc. Common Stock REITEQIX
P/E 63.46×· 5Y range 63.46–229.43×· bottom 0% of history
Sector: Real Estate · Industry: Real Estate Investment Trusts
AnalystsStrong Buy40 analystsP/E 63.5× sits at the 0th percentile of its 5.0978781656399725-year history.
PMP Verdict
Mixed fundamentals, cheap valuation
Strengths
- Growth74
- Profitability72
Risks
- Financial Health40
Mixed business trading cheap — priced for skepticism.
Bull Case
- ✓P/E 63.5× at bottom 0% of 5-year history
What's happening with EQIX
Profile
financial health, moat and valuation lag behind.
How is each axis scored?
- Valuation47/100 · Weak
- P/E vs own history (0th pct)25/25
- FCF yield (-1.5%)0/25
- P/S (9.9x)12/25
- EV/EBIT (n/a)10/25
- Growth74/100 · Moderate
- Revenue CAGR (8.6%)12/25
- Net income CAGR (28.2%)25/25
- EPS CAGR 5Y (25.6%)25/25
- Fwd implied growth (14.7%)12/25
- Profitability72/100 · Moderate
- ROIC (15.5%)20/25
- ROE (10.8%)12/25
- Net margin (15.6%)20/25
- Operating margin (21.8%)20/25
- Financial Health40/100 · Weak
- Altman Z (2.87)18/25
- Current ratio (1.32)12/25
- Interest coverage (3.5x)10/25
- Net cash / debt (n/a)0/25
- Quality65/100 · Moderate
- Piotroski F (5/9)15/25
- Beneish M (-2.85)25/25
- FCF conversion (-95%)0/25
- Margin stability (σ 2.1%)25/25
- Moat43/100 · Weak
- ROIC >12% years (3/10 yrs)6/25
- Median gross margin (48.8%)20/25
- FCF-positive years (5/10 yrs)5/25
- Worst-year net margin (worst 3.5%)12/25
Risk Flags
- ⚠Negative FCF margin (-0.1%) — burning cash
- ⚠SBC 5.4% of revenue — real dilution cost
About Equinix, Inc. Common Stock REIT
Equinix is one of the leading providers of cloud- and carrier-neutral data centers, offering colocation and interconnection services to hyperscalers and businesses. Show more
Equinix operates 270 properties in 77 metropolitan areas across 36 countries, serving over 10,000 customers. About 70% of Equinix's revenue comes from renting physical space, which allows hyperscalers and other clients to store servers, data storage, and networking equipment. The other 30% of revenue is generated primarily through interconnection services (20%) and other managed services (10%).
Headquarters: REDWOOD CITY, CA · Employees: 13,716 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
47D+P/E (TTM)63.5xD
Grade D: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 63.5x–229.4x · lowest in history
P/FCF276.5xD
Grade D: ExpensivePrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative · CapEx exceeds operating cash flow (137% of OCF) — reported FCF understates normalized earning power in this investment phase
FCF Yield-1.5%D
Grade D: NegativeTTM (OCF − CapEx) / Market Cap — vs own 5Y history: -1.5%–1.8% · lowest in history · CapEx exceeds operating cash flow (137% of OCF) — reported FCF understates normalized earning power in this investment phase
P/S (TTM)9.92xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 6.5x–12.4x · 67th pct
EV/EBITDA27.1xD
Grade D: ExpensiveEnterprise value / EBITDA (Finnhub) — capital-structure neutral
EV/Sales12.2xD
Grade D: Very expensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E55.3xD
Grade D: ExpensivePrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio6.87xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio1.23B
Grade B: FairFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield1.98%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio127.7%D
Grade D: UnsustainableDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
CapEx exceeds OCF: CapEx exceeds operating cash flow (137% of OCF) — reported FCF understates normalized earning power in this investment phase
Profitability
72B+ROIC15.5%A
Grade A: MoatNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE10.8%C
Grade C: AverageReturn on Equity. Neg. equity = heavy buybacks
ROA3.8%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin15.6%A
Grade A: HighNet Income / Revenue
Operating Margin21.8%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin51.5%A
Grade A: PremiumGross Profit / Revenue
FCF Margin-14.9%D
Grade D: LowFCF / Revenue · CapEx exceeds operating cash flow (137% of OCF) — reported FCF understates normalized earning power in this investment phase
True FCF Margin-20.3%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost · CapEx exceeds operating cash flow (137% of OCF) — reported FCF understates normalized earning power in this investment phase
Growth
74B+Revenue CAGR8.6%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR28.2%A
Grade A: HighCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)25.6%A
Grade A: HighCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth14.7%B
Grade B: LowAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)+9.6%C
Grade C: DilutiveShare count change over 5Y
SBC / Net Income34.6%D
Grade D: HighStock-based comp/Net income. >30% = dilution risk
SBC / Revenue5.4%C
Grade C: MedTTM stock-based comp / TTM Revenue
Financial Health
40D+Altman Z-Score2.87C
Grade C: Gray zoneBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.32xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio1.13xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage3.5xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF · CapEx exceeds operating cash flow (137% of OCF) — reported FCF understates normalized earning power in this investment phase
Net Debt/EBIT—
Leverage. <2x Low, >4x High
Debt/Equity1.53xC
Grade C: MedDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt—
Cash covers how much of total debt. >1 = could repay all debt from cash
Quality
65BPiotroski F-Score5/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.85A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion-95.5%D
Grade D: PoorFCF / Net Income · CapEx exceeds operating cash flow (137% of OCF) — reported FCF understates normalized earning power in this investment phase
Margin Stability2.1%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue55.1%D
Grade D: HeavyTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.24xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Paladin Michael Shane Filed | Paladin Michael Shane | SellOpen market sale | -307 | |
Paladin Michael Shane Filed | Paladin Michael Shane | SellOpen market sale | -150 | |
Paladin Michael Shane Filed | Paladin Michael Shane | SellOpen market sale | -53 | |
Paladin Michael Shane Filed | Paladin Michael Shane | Option exercise | -510 | |
Paladin Michael Shane Filed | Paladin Michael Shane | Option exercise | +510 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Pletcher Kurt Filed | Pletcher Kurt | SellOpen market sale | -135 | |
PAISLEY CHRISTOPHER B Filed | PAISLEY CHRISTOPHER B | SellOpen market sale | -125 | |
PAISLEY CHRISTOPHER B Filed | PAISLEY CHRISTOPHER B | SellOpen market sale | -4000 |
Option exercise (M) rows report a derivative leg, not an open-market sale — a paired negative entry is the option position being consumed.
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
43D+ROIC >12% Years3/10 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)48.8%A
Grade A: DurableMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years5/10 yrsD
Grade D: WeakShare of completed fiscal years with positive free cash flow
Net Margin Floor3.5%C
Grade C: ModerateWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$15.54
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$22.54
Cash & short-term investments per share (Finnhub)
Book Value / Share$145.76
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt—
Total debt obligations (short + long term)
Cash & Equiv.$3.23B
Cash and short-term investments
Net Debt—
Total Debt minus Cash. Negative = Net Cash position
Total Equity$14.16B
Shareholders' equity (book value)
Asset / Liability1.55xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$97.29B
Current Market Capitalization
Beta0.98B
Grade B: MarketPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Equinix, Inc. Common Stock REIT (EQIX)
EQIX is down 1.03% at the last close. Piotroski F-Score of 5/9 indicates mixed fundamentals for Equinix, Inc. Common Stock REIT. Altman Z-Score of 2.87 falls in the grey zone (1.81–2.99) — financial distress is unlikely but not ruled out.
- Beneish M-Score of -2.85 suggests a low likelihood of earnings manipulation.
- Free-cash-flow margin is negative (-15%) — the business currently burns cash.
See how EQIX ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all EQIX moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Sep 21 | Regular | 1,060.22 | +3.81% | 2.61 |
| Sep 21 | After-hours | 1,057.26 | +3.52% | 2.43 |
Frequently Asked Questions about EQIX
What is the current Equinix, Inc. Common Stock REIT (EQIX) stock price?
EQIX is trading at $985.98 at the last market close, down 1.03% on the session. PreMarketPrice tracks EQIX pre-market, intraday and after-hours prices.
Is EQIX stock a buy right now?
PreMarketPrice's quantitative model rates Equinix, Inc. Common Stock REIT's financial health at 40/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is EQIX stock overvalued?
Equinix, Inc. Common Stock REIT trades at a trailing P/E of 63.5 and our valuation score rates it 47/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Equinix, Inc. Common Stock REIT report earnings?
No confirmed earnings date is currently scheduled for EQIX. The Earnings section lists recent reports and updates as dates are announced.
What sector does Equinix, Inc. Common Stock REIT operate in?
Equinix, Inc. Common Stock REIT operates in the Real Estate sector, within the Real Estate Investment Trusts industry. The Related Stocks section lists sector peers for comparison.
What does Equinix, Inc. Common Stock REIT do?
Equinix is one of the leading providers of cloud- and carrier-neutral data centers, offering colocation and interconnection services to hyperscalers and businesses.
About Equinix, Inc. Common Stock REIT (EQIX) Stock
Equinix, Inc. Common Stock REIT (EQIX) is a US-listed stock operating in the Real Estate sector, specifically the Real Estate Investment Trusts industry. As of the latest update, Equinix, Inc. Common Stock REIT is trading at $985.98, down 1.03% on the day with a market capitalization of $97.3 billion. The financial health score for EQIX is 40/100, which indicates weak financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for EQIX stock.
EQIX Stock Analysis & Key Metrics
On PreMarketPrice, you can track Equinix, Inc. Common Stock REIT (EQIX) across multiple dimensions:
- Pre-market price & movement: Real-time EQIX stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for EQIX with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Equinix, Inc. Common Stock REIT across multiple reporting periods.
- Financial health score: A composite score of 40/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for EQIX.
- Sector peers: Compare EQIX against 5 other real estate stocks on key financial metrics.
Is EQIX a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Equinix, Inc. Common Stock REIT (EQIX) as an investment. The financial health score of 40/100 suggests weak financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Equinix, Inc. Common Stock REIT (EQIX) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.