Question 1

What is Equinix's P/B ratio?

Accepted Answer

Equinix (EQIX) P/B ratio is 7.1× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Equinix?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Equinix specifically, the relevant sector benchmark is the current sector median of 2.0×.

Question 5

Is Equinix's P/B ratio high or low?

Accepted Answer

Equinix's P/B ratio of 7.1× is above its own 5-year average of 6.0× and above the sector median of 2.0×. That places the current reading at the 93th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Equinix's historical P/B ratio range?

Accepted Answer

In the available daily series, Equinix (EQIX) P/B ratio has ranged from a low of 0.1× in 2002 to a high of 10.5× in 2015. The 5-year average is 6.0× and the 5-year median is 6.0×.

Question 7

What was Equinix's P/B ratio in 2025?

Accepted Answer

Equinix (EQIX) P/B ratio at the end of 2025 was 5.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Equinix's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$75.2B	$14.2B	5.3×	-1.4×	Dec 31, 2025
2024	$91.3B	$13.5B	6.8×	+0.7×	Dec 31, 2024
2023	$75.9B	$12.5B	6.1×	+0.8×	Dec 31, 2023
2022	$60.6B	$11.5B	5.3×	-1.7×	Dec 31, 2022
2021	$76.3B	$10.9B	7.0×	+1.0×	Dec 31, 2021
2020	$63.6B	$10.6B	6.0×	+0.4×	Dec 31, 2020
2019	$49.8B	$8.84B	5.6×	+1.7×	Dec 31, 2019
2018	$28.4B	$7.22B	3.9×	-1.3×	Dec 31, 2018
2017	$35.6B	$6.85B	5.2×	-0.6×	Dec 31, 2017
2016	$25.5B	$4.37B	5.8×	-0.8×	Dec 31, 2016
2015	$18.3B	$2.75B	6.7×	+1.2×	Dec 31, 2015
2014	$12.4B	$2.27B	5.4×	+1.9×	Dec 31, 2014
2013	$8.83B	$2.46B	3.6×	-0.7×	Dec 31, 2013
2012	$10B	$2.31B	4.3×	+1.9×	Dec 31, 2012
2011	$4.79B	$1.95B	2.5×	+0.5×	Dec 31, 2011
2010	$3.72B	$1.88B	2.0×	-1.5×	Dec 31, 2010
2009	$4.12B	$1.18B	3.5×	+1.3×	Dec 31, 2009
2008	$1.97B	$917M	2.1×	-1.8×	Dec 31, 2008
2007	$3.2B	$814M	3.9×	-2.2×	Dec 31, 2007
2006	$2.17B	$355M	6.1×	+2.7×	Dec 31, 2006
2005	$981M	$289M	3.4×	+0.5×	Dec 31, 2005
2004	$786M	$274M	2.9×	+2.1×	Dec 31, 2004
2003	$262M	$320M	0.8×	+0.8×	Dec 31, 2003
2002	$17.9M	$284M	0.1×	—	Dec 31, 2002


UDR (UDR)	3.4×
Welltower (WELL)	3.2×
Ventas (VTR)	3.0×
Digital Realty Trust (DLR)	2.7×
Mid-America Apartment Communities (MAA)	2.6×
Camden Property Trust (CPT)	2.5×
CoStar Group (CSGP)	2.1×
Regency Centers (REG)	2.1×
Extra Space Storage (EXR)	2.1×
AvalonBay Communities (AVB)	2.0×
Host Hotels & Resorts (HST)	1.9×
STAG Industrial (STAG)	1.9×
Weyerhaeuser (WY)	1.9×
NNN REIT (NNN)	1.8×
Invitation Homes (INVH)	1.7×
BXP (BXP)	1.6×
Healthpeak Properties (DOC)	1.5×
Kimco Realty (KIM)	1.5×
Agree Realty (ADC)	1.4×
Realty Income (O)	1.4×
VICI Properties (VICI)	1.0×
Apartment Investment and Management (AIV)	0.8×
Medical Properties Trust (MPT)	0.6×
Alexandria Real Estate Equities (ARE)	0.6×
Arbor Realty Trust (ABR)	0.5×

P/B Ratio for Equinix (EQIX) 2002-2026

P/B Ratio daily chart for Equinix (EQIX)

Historical P/B Ratio for Equinix (EQIX) from 2002 to 2025

About P/B Ratio at Equinix (EQIX)

Equinix P/B Ratio by Year

Equinix P/B Ratio 2025: 5.3×

Equinix P/B Ratio 2024: 6.8×

Equinix P/B Ratio 2023: 6.1×

Equinix P/B Ratio 2022: 5.3×

Equinix P/B Ratio 2021: 7.0×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Equinix (EQIX) Key Financials