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Equinix (MEX:EQIX) Cyclically Adjusted PS Ratio : 9.74 (As of Jun. 23, 2024)


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What is Equinix Cyclically Adjusted PS Ratio?

As of today (2024-06-23), Equinix's current share price is MXN13401.00. Equinix's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was MXN1,376.27. Equinix's Cyclically Adjusted PS Ratio for today is 9.74.

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

MEX:EQIX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.96   Med: 10.46   Max: 15.57
Current: 10

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

MEX:EQIX's Cyclically Adjusted PS Ratio is ranked worse than
85.37% of 492 companies
in the REITs industry
Industry Median: 4.875 vs MEX:EQIX: 10.00

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 adjusted revenue per share data for the three months ended in Mar. 2024 was MXN370.972. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is MXN1,376.27 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Equinix Cyclically Adjusted PS Ratio Historical Data

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.

* Premium members only.

Equinix Cyclically Adjusted PS Ratio Chart

Equinix Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.69 13.17 13.75 9.53 10.83

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 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 10.18 10.84 9.84 10.83 10.79

Competitive Comparison of Equinix's Cyclically Adjusted PS Ratio

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 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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13401.00/1376.27
=9.74

* 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 Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

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)
=370.972/131.7762*131.7762
=370.972

Current CPI (Mar. 2024) = 131.7762.

Equinix Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 151.952 100.560 199.122
201409 150.814 100.428 197.890
201412 170.115 99.070 226.276
201503 171.338 99.621 226.641
201506 181.623 100.684 237.710
201509 201.064 100.392 263.921
201512 204.668 99.792 270.265
201603 213.282 100.470 279.739
201606 236.678 101.688 306.708
201609 248.638 101.861 321.660
201612 269.561 101.863 348.722
201703 243.687 102.862 312.186
201706 245.537 103.349 313.074
201709 265.644 104.136 336.154
201712 297.263 104.011 376.615
201803 277.336 105.290 347.103
201806 310.921 106.317 385.376
201809 299.099 106.507 370.062
201812 317.888 105.998 395.197
201903 322.131 107.251 395.795
201906 313.847 108.070 382.694
201909 322.257 108.329 392.006
201912 310.611 108.420 377.524
202003 393.198 108.902 475.789
202006 386.042 108.767 467.706
202009 375.040 109.815 450.042
202012 346.224 109.897 415.154
202103 363.139 111.754 428.199
202106 366.272 114.631 421.053
202109 380.746 115.734 433.521
202112 384.540 117.630 430.787
202203 378.826 121.301 411.540
202206 400.578 125.017 422.236
202209 401.854 125.227 422.872
202212 393.229 125.222 413.812
202303 385.836 127.348 399.253
202306 368.682 128.729 377.410
202309 381.243 129.860 386.870
202312 378.401 129.419 385.292
202403 370.972 131.776 370.972

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.


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

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


Equinix (MEX:EQIX) Business Description

Industry
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.