EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Equinix's Enterprise Value is $128,298 Mil.
Equinix's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $-998 Mil. Therefore, Equinix's EV-to-FCF for today is -128.55.
The historical rank and industry rank for Equinix's EV-to-FCF or its related term are showing as below:
EQIX'
s EV-to-FCF Range Over the Past 10 Years
Min: -9089.75 Med: -179.93 Max: 2931.64
Current: -128.55
During the past 13 years, the highest EV-to-FCF of Equinix was 2931.64. The lowest was -9089.75. And the median was -179.93.
EQIX's EV-to-FCF is ranked worse than 100% of 740
companies
in the REITs industry
Industry Median: 23.095
vs EQIX: -128.55
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-06-25), Equinix's stock price is $1095.00.
Equinix's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $14.450. Therefore, Equinix's PE Ratio (TTM) for today is 75.78.
Equinix (NAS:EQIX) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Equinix's share price for today is $1095.00.
Equinix's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $14.450.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Equinix EV-to-FCF Related Terms
Equinix EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Equinix's EV-to-FCF 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.
For the REIT - Specialty subindustry, Equinix's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs REITs Industry
For the REITs industry and Real Estate sector, Equinix's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Equinix's EV-to-FCF falls into.
Equinix's current Enterprise Value is $128,298 Mil.
Equinix's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-998 Mil.
* 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 (EQIX) has a EV-to-FCF of -128.55 as of Jun. 25, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Equinix and its competitors. According to the industry distribution chart, Equinix ranks #999999 out of 740 companies in the REITs industry.
Is Equinix's EV-to-FCF too high?
Equinix's current EV-to-FCF is -128.55. Based on the distribution chart, Equinix ranks #999999 out of 740 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Equinix has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Equinix's EV-to-FCF compare to AMT and DLR?
According to the REITs industry distribution chart, Equinix ranks #999999 out of 740 companies for EV-to-FCF. This places Equinix in the lower half of its industry. The industry median EV-to-FCF is 23.10. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a REITs company?
The median EV-to-FCF among REITs companies is 23.10, based on 740 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Equinix and its competitors. For the REITs industry, the median EV-to-FCF is 23.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equinix's current EV-to-FCF is -128.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equinix stock overvalued right now?
Based on GuruFocus' analysis, Equinix (EQIX) is currently considered Modestly Overvalued. The stock's GF Value™ is $913.82, compared to a current price of $1,095.00 — trading 19.8% above its estimated fair value. The current EV-to-FCF is -128.55. Equinix's overall GF Score™ is 91/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Equinix (EQIX), the current EV-to-FCF is -128.55 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Equinix (EQIX) Overvalued in 2026?
Based on GuruFocus' analysis, Equinix stock appears to be overvalued.
The current stock price of $1,095.00 is trading 19.8% above its estimated GF Value™ of $913.82.
GuruFocus considers Equinix to be Modestly Overvalued.
Key valuation signals for EQIX:
EV-to-FCF: -128.55
GF Value™: $913.82 vs. price of $1,095.00 (19.8% above fair value)
No single metric tells the full story. See the EQIX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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