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Equinix (BSP:EQIX34) Cyclically Adjusted PB Ratio : 7.32 (As of Jun. 04, 2025)


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What is Equinix Cyclically Adjusted PB Ratio?

As of today (2025-06-04), Equinix's current share price is R$62.44. Equinix's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was R$8.53. Equinix's Cyclically Adjusted PB Ratio for today is 7.32.

The historical rank and industry rank for Equinix's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:EQIX34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.38   Med: 8.46   Max: 11.85
Current: 7.5

During the past years, Equinix's highest Cyclically Adjusted PB Ratio was 11.85. The lowest was 5.38. And the median was 8.46.

BSP:EQIX34's Cyclically Adjusted PB Ratio is ranked worse than
98.08% of 520 companies
in the REITs industry
Industry Median: 0.81 vs BSP:EQIX34: 7.50

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Equinix's adjusted book value per share data for the three months ended in Mar. 2025 was R$10.220. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$8.53 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Equinix Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Equinix's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

Equinix Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.95 10.11 6.86 7.65 8.16

Equinix Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio 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 7.59 6.82 7.84 8.16 6.84

Competitive Comparison of Equinix's Cyclically Adjusted PB Ratio

For the REIT - Specialty subindustry, Equinix's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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 PB Ratio Distribution in the REITs Industry

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

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


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Equinix Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Equinix's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=62.44/8.53
=7.32

* 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.

Equinix's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Equinix's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=10.22/134.9266*134.9266
=10.220

Current CPI (Mar. 2025) = 134.9266.

Equinix Quarterly Data

Book Value per Share CPI Adj_Book
201506 1.504 100.684 2.016
201509 1.268 100.392 1.704
201512 2.145 99.792 2.900
201603 3.209 100.470 4.310
201606 2.833 101.688 3.759
201609 2.634 101.861 3.489
201612 2.563 101.863 3.395
201703 3.270 102.862 4.289
201706 3.448 103.349 4.502
201709 3.274 104.136 4.242
201712 3.569 104.011 4.630
201803 3.683 105.290 4.720
201806 4.105 106.317 5.210
201809 4.574 106.507 5.795
201812 4.341 105.998 5.526
201903 4.811 107.251 6.052
201906 4.972 108.070 6.208
201909 5.290 108.329 6.589
201912 5.317 108.420 6.617
202003 6.162 108.902 7.635
202006 7.609 108.767 9.439
202009 7.997 109.815 9.826
202012 7.672 109.897 9.419
202103 8.317 111.754 10.042
202106 7.456 114.631 8.776
202109 7.745 115.734 9.029
202112 8.493 117.630 9.742
202203 7.479 121.301 8.319
202206 7.364 125.017 7.948
202209 7.901 125.227 8.513
202212 8.145 125.222 8.776
202303 8.375 127.348 8.873
202306 7.797 128.729 8.172
202309 7.816 129.860 8.121
202312 8.096 129.419 8.441
202403 8.067 131.776 8.260
202406 8.706 132.554 8.862
202409 9.748 133.029 9.887
202412 10.604 133.157 10.745
202503 10.220 134.927 10.220

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.


Equinix  (BSP:EQIX34) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Equinix Cyclically Adjusted PB Ratio Related Terms

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


Equinix Business Description

Industry
Address
One Lagoon Drive, Redwood City, CA, USA, 94065
Equinix operates 260 data centers in 71 markets worldwide. It generates 44% of total revenue in the Americas, 35% in Europe, the Middle East, and Africa, and 21% 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.

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