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Equinix (Equinix) Cyclically Adjusted PS Ratio : 10.66 (As of May. 16, 2024)


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What is Equinix Cyclically Adjusted PS Ratio?

As of today (2024-05-16), Equinix's current share price is $801.54. Equinix's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $75.16. Equinix's Cyclically Adjusted PS Ratio for today is 10.66.

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

EQIX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.96   Med: 10.47   Max: 15.57
Current: 10.77

During the past years, Equinix's highest Cyclically Adjusted PS Ratio was 15.57. The lowest was 6.96. And the median was 10.47.

EQIX's Cyclically Adjusted PS Ratio is ranked worse than
86.5% of 489 companies
in the REITs industry
Industry Median: 4.98 vs EQIX: 10.77

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 $22.353. 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 $75.16 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 10.98

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
=801.54/75.16
=10.66

* 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)
=22.353/129.4194*129.4194
=22.353

Current CPI (Mar. 2024) = 129.4194.

Equinix Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 11.716 100.560 15.078
201409 11.232 100.428 14.474
201412 11.533 99.070 15.066
201503 11.239 99.621 14.601
201506 11.576 100.684 14.880
201509 11.899 100.392 15.340
201512 11.903 99.792 15.437
201603 12.390 100.470 15.960
201606 12.798 101.688 16.288
201609 12.859 101.861 16.338
201612 13.075 101.863 16.612
201703 12.942 102.862 16.283
201706 13.584 103.349 17.011
201709 14.638 104.136 18.192
201712 15.136 104.011 18.833
201803 15.265 105.290 18.763
201806 15.823 106.317 19.261
201809 15.990 106.507 19.430
201812 16.190 105.998 19.767
201903 16.606 107.251 20.038
201906 16.339 108.070 19.567
201909 16.323 108.329 19.501
201912 16.469 108.420 19.659
202003 16.769 108.902 19.928
202006 16.725 108.767 19.901
202009 16.977 109.815 20.008
202012 17.405 109.897 20.497
202103 17.765 111.754 20.573
202106 18.400 114.631 20.774
202109 18.517 115.734 20.707
202112 18.745 117.630 20.624
202203 19.026 121.301 20.299
202206 19.911 125.017 20.612
202209 19.978 125.227 20.647
202212 20.170 125.222 20.846
202303 21.406 127.348 21.754
202306 21.505 128.729 21.620
202309 21.887 129.860 21.813
202312 22.293 129.419 22.293
202403 22.353 129.419 22.353

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  (NAS: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 (Equinix) Business Description

Industry
Traded in Other Exchanges
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.
Executives
Charles J Meyers officer: CEO and President 301 VELOCITY WAY, 5TH FLOOR, FOSTER CITY CA 94404
Scott Crenshaw officer: EVP, GM Digital Services ONE FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78133
Keith D Taylor officer: VP Finance, CAO 301 VELOCITY WAY, 5TH FLOOR, FOSTER CITY CA 94404
Brandi Galvin officer: General Counsel 301 VELOCITY WAY, 5TH FLOOR, FOSTER CITY CA 94404
Michael Earl Campbell officer: Chief Sales Officer 1 LAGOON DRIVE, REDWOOD CITY CA 94065
Jonathan Lin officer: EVP, GM, Data Center Services C/O EQUINIX, INC., ONE LAGOON DRIVE, REDWOOD CITY CA 94065
Camp Peter Van director, officer: Chief Executive Officer C/O PACKETEER INC, 10201 N DEANZA BLVD, CUPERTINO CA 95014
Gary Hromadko director, 10 percent owner, other: Affiliate of Director 301 VELOCITY WAY 5TH FLOOR, FOSTER CITY CA 94404
Christopher B Paisley director 14870 THREE OAKS COURT, SARATOGA CA 95070
Simon Miller officer: Chief Accounting Officer 1 LAGOON DR, REDWOOD CITY CA 94065
Fidelma Russo director C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Karl Strohmeyer officer: Chief Customer & Rev Officer ONE LAGOON DRIVE, 4TH FLOOR, REDWOOD CITY CA 94065
Thomas S Olinger director C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Jeetendra I Patel director 200 E. RANDOLPH DRIVE, CHICAGO IL 60601
Ron Guerrier director C/O EXPRESS SCRIPTS HOLDING COMPANY, ONE EXPRESS WAY, ST. LOUIS MO 63121