Equinix (MEX:EQIX) Cyclically Adjusted PS 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.

MEX:EQIX Equinix Inc MEX:EQIX
91 GF Score
Price MXN17,600.00
GF Value MXN16,113.11
! 9 Warning Signs
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What is Equinix Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Equinix  (MEX:EQIX) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Equinix Cyclically Adjusted PS Ratio Related Terms


Equinix Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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

Equinix Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.75 9.53 10.83 11.84 9.03

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 PS 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 9.60 9.31 9.03 11.25 0.00

MEX:EQIX vs AMT, DLR, IRM: Cyclically Adjusted PS Ratio Comparison

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 Cyclically Adjusted PS Ratio vs 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.


MEX:EQIX
91GF Score
Equinix Inc MEX:EQIX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Equinix Cyclically Adjusted PS Ratio Calculation

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

Equinix's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=462.028/333.9520*333.9520
=462.028

Current CPI (Jun. 2026) = 333.9520.

Equinix Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 248.638 241.428 343.925
201612 269.561 241.432 372.860
201703 243.687 243.801 333.796
201706 245.537 244.955 334.745
201709 265.644 246.819 359.423
201712 297.263 246.524 402.685
201803 277.336 249.554 371.130
201806 310.921 251.989 412.052
201809 299.099 252.439 395.679
201812 317.888 251.233 422.553
201903 322.131 254.202 423.192
201906 313.847 256.143 409.185
201909 322.257 256.759 419.142
201912 310.611 256.974 403.656
202003 393.198 258.115 508.724
202006 386.042 257.797 500.081
202009 375.040 260.280 481.195
202012 346.224 260.474 443.892
202103 363.139 264.877 457.839
202106 366.272 271.696 450.199
202109 380.746 274.310 463.530
202112 384.540 278.802 460.606
202203 378.826 287.504 440.028
202206 400.578 296.311 451.464
202209 401.854 296.808 452.144
202212 393.207 296.797 442.431
202303 385.836 301.836 426.890
202306 368.790 305.109 403.653
202309 381.237 307.789 413.643
202312 378.313 306.746 411.866
202403 370.972 312.332 396.651
202406 415.622 314.175 441.785
202409 452.710 315.301 479.489
202412 484.842 315.605 513.027
202503 465.021 319.799 485.601
202506 433.235 322.561 448.534
202509 432.754 324.800 444.948
202512 442.909 324.054 456.437
202603 446.402 330.213 451.457
202606 462.028 333.952 462.028

Add all the adjusted revenue per share together and divide 10 will get our 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.

Is Equinix (MEX:EQIX) Overvalued in 2026?

Based on GuruFocus' analysis, Equinix stock appears to be overvalued. The current stock price of MXN17,600.00 is trading 9.2% above its estimated GF Value™ of MXN16,113.11.

Key valuation signals for MEX:EQIX:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: MXN16,113.11 vs. price of MXN17,600.00 (9.2% above fair value)
  • GF Score™: 91/100 with 9 warning signs

No single metric tells the full story. See the MEX: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%).
91GF Score

Get the complete analysis for MEX:EQIX

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

MXN17,600.00
Price
MXN16,113.11
GF Value