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Equinix (WBO:EQIX) Cyclically Adjusted Revenue per Share : €70.44 (As of Mar. 2024)


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What is Equinix Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Equinix's adjusted revenue per share for the three months ended in Mar. 2024 was €20.565. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €70.44 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Equinix's average Cyclically Adjusted Revenue Growth Rate was 8.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 11.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.90% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 12.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Equinix was 14.70% per year. The lowest was 7.00% per year. And the median was 11.60% per year.

As of today (2024-05-26), Equinix's current stock price is €707.60. Equinix's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €70.44. Equinix's Cyclically Adjusted PS Ratio of today is 10.05.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Equinix was 15.57. The lowest was 6.96. And the median was 10.46.


Equinix Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Equinix's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Equinix Cyclically Adjusted Revenue per Share Chart

Equinix Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 54.21 65.03 67.95

Equinix Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 64.47 65.68 70.23 67.95 70.44

Competitive Comparison of Equinix's Cyclically Adjusted Revenue per Share

For the REIT - Specialty subindustry, Equinix's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Equinix's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Equinix's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Equinix's Cyclically Adjusted PS Ratio falls into.



Equinix Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Equinix's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=20.565/131.7762*131.7762
=20.565

Current CPI (Mar. 2024) = 131.7762.

Equinix Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 8.623 100.560 11.300
201409 8.716 100.428 11.437
201412 9.353 99.070 12.441
201503 10.385 99.621 13.737
201506 10.314 100.684 13.499
201509 10.602 100.392 13.916
201512 10.927 99.792 14.429
201603 11.126 100.470 14.593
201606 11.390 101.688 14.760
201609 11.458 101.861 14.823
201612 12.395 101.863 16.035
201703 12.101 102.862 15.503
201706 12.089 103.349 15.414
201709 12.281 104.136 15.541
201712 12.790 104.011 16.204
201803 12.380 105.290 15.494
201806 13.545 106.317 16.789
201809 13.704 106.507 16.955
201812 14.231 105.998 17.692
201903 14.697 107.251 18.058
201906 14.460 108.070 17.632
201909 14.822 108.329 18.030
201912 14.822 108.420 18.015
202003 15.176 108.902 18.364
202006 14.852 108.767 17.994
202009 14.413 109.815 17.295
202012 14.307 109.897 17.155
202103 14.923 111.754 17.597
202106 15.272 114.631 17.556
202109 15.739 115.734 17.921
202112 16.590 117.630 18.585
202203 17.276 121.301 18.768
202206 18.836 125.017 19.854
202209 20.178 125.227 21.233
202212 19.040 125.222 20.037
202303 19.993 127.348 20.688
202306 19.849 128.729 20.319
202309 20.508 129.860 20.811
202312 20.442 129.419 20.814
202403 20.565 131.776 20.565

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Equinix  (WBO:EQIX) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Equinix's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=707.60/70.44
=10.05

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Equinix was 15.57. The lowest was 6.96. And the median was 10.46.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Equinix Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Equinix's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Equinix (WBO:EQIX) Business Description

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Address
One Lagoon Drive, Redwood City, CA, USA, 94065
Equinix operates 248 data centers in 71 markets worldwide. It generates 46% of total revenue in the Americas, 32% in Europe, the Middle East, and Africa, and 22% in Asia-Pacific. The firm has more than 10,000 customers, including 2,100 network providers, that are dispersed over five verticals: cloud and IT services, content providers, network and mobile services, financial services, and enterprise. About 70% of Equinix's revenue comes from renting space to tenants and related services, and more than 15% comes from interconnection. Equinix operates as a real estate investment trust.