Equinix (WBO:EQIX) Cyclically Adjusted PB Ratio: (As of Jul. 30, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WBO:EQIX Equinix Inc WBO:EQIX
19 GF Score
Price €885.60
GF Value €798.07
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Equinix Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Equinix  (WBO:EQIX) 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


Equinix Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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.

Equinix Cyclically Adjusted PB Ratio Chart

Equinix Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.11 6.86 7.65 8.16 5.99

Equinix Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 6.49 6.21 5.99 7.45 0.00

WBO:EQIX vs AMT, DLR, IRM: Cyclically Adjusted PB Ratio Comparison

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 Cyclically Adjusted PB Ratio vs 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.


WBO:EQIX
19GF Score
Equinix Inc WBO:EQIX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Equinix's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=125.924/333.9520*333.9520
=125.924

Current CPI (Jun. 2026) = 333.9520.

Equinix Quarterly Data

Book Value per Share CPI Adj_Book
201609 57.716 241.428 79.835
201612 57.959 241.432 80.170
201703 78.219 243.801 107.142
201706 74.489 244.955 101.552
201709 70.160 246.819 94.928
201712 73.232 246.524 99.203
201803 72.881 249.554 97.529
201806 74.551 251.989 98.800
201809 76.331 252.439 100.978
201812 78.612 251.233 104.495
201903 88.691 254.202 116.516
201906 91.289 256.143 119.020
201909 93.283 256.759 121.328
201912 93.268 256.974 121.207
202003 91.307 258.115 118.134
202006 104.177 257.797 134.952
202009 100.580 260.280 129.049
202012 98.067 260.474 125.731
202103 99.185 264.877 125.051
202106 98.458 271.696 121.019
202109 99.771 274.310 121.464
202112 106.333 278.802 127.367
202203 109.172 287.504 126.809
202206 110.412 296.311 124.438
202209 121.745 296.808 136.981
202212 117.270 296.797 131.951
202303 120.143 301.836 132.926
202306 118.615 305.109 129.828
202309 118.637 307.789 128.722
202312 121.216 306.746 131.967
202403 119.227 312.332 127.480
202406 120.135 314.175 127.697
202409 126.884 315.301 134.390
202412 132.795 315.605 140.515
202503 131.338 319.799 137.150
202506 124.772 322.561 129.178
202509 122.845 324.800 126.306
202512 123.076 324.054 126.835
202603 125.405 330.213 126.825
202606 125.924 333.952 125.924

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.

Is Equinix (WBO:EQIX) Overvalued in 2026?

Based on GuruFocus' analysis, Equinix stock appears to be overvalued. The current stock price of €885.60 is trading 11% above its estimated GF Value™ of €798.07. GuruFocus considers Equinix to be Modestly Overvalued.

Key valuation signals for WBO:EQIX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €798.07 vs. price of €885.60 (11% above fair value)
  • GF Score™: 19/100 with 9 warning signs

No single metric tells the full story. See the WBO:EQIX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Equinix Business Description

Industry Real EstateREITs
Address One Lagoon Drive, Redwood City, CA, USA, 94065
Equinix is one of the leading providers of cloud- and carrier-neutral data centers, offering colocation and interconnection services to hyperscalers and businesses. 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%).
19GF Score

Get the complete analysis for WBO:EQIX

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€885.60
Price
€798.07
GF Value