Question 1

What is Equinix's P/S ratio?

Accepted Answer

Equinix (EQIX) P/S ratio is 11.3× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Equinix?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Equinix specifically, the relevant sector benchmark is the current sector median of 7.0×.

Question 5

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

Accepted Answer

Equinix's P/S ratio of 11.3× is above its own 5-year average of 9.3× and above the sector median of 7.0×. That places the current reading at the 90th 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/S ratio range?

Accepted Answer

In the available daily series, Equinix (EQIX) P/S ratio has ranged from a low of 0.2× in 2002 to a high of 12.6× in 2021. The 5-year average is 9.3× and the 5-year median is 9.0×.

Question 7

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

Accepted Answer

Equinix (EQIX) P/S ratio at the end of 2025 was 8.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$75.24B	$9.24B	8.1×	-2.3×	Dec 31, 2025
2024	$91.32B	$8.75B	10.4×	+1.2×	Dec 31, 2024
2023	$75.92B	$8.19B	9.3×	+0.9×	Dec 31, 2023
2022	$60.64B	$7.26B	8.3×	-3.2×	Dec 31, 2022
2021	$76.33B	$6.64B	11.5×	+0.9×	Dec 31, 2021
2020	$63.64B	$6.00B	10.6×	+1.7×	Dec 31, 2020
2019	$49.78B	$5.56B	9.0×	+3.4×	Dec 31, 2019
2018	$28.38B	$5.07B	5.6×	-2.6×	Dec 31, 2018
2017	$35.60B	$4.37B	8.1×	+1.1×	Dec 31, 2017
2016	$25.52B	$3.61B	7.1×	+0.4×	Dec 31, 2016
2015	$18.26B	$2.73B	6.7×	+1.6×	Dec 31, 2015
2014	$12.36B	$2.44B	5.1×	+1.0×	Dec 31, 2014
2013	$8.83B	$2.15B	4.1×	-1.1×	Dec 31, 2013
2012	$10.04B	$1.91B	5.2×	+2.3×	Dec 31, 2012
2011	$4.79B	$1.61B	3.0×	-0.1×	Dec 31, 2011
2010	$3.72B	$1.22B	3.0×	-1.6×	Dec 31, 2010
2009	$4.12B	$882.51M	4.7×	+1.9×	Dec 31, 2009
2008	$1.97B	$704.68M	2.8×	-4.8×	Dec 31, 2008
2007	$3.20B	$419.44M	7.6×	+0.1×	Dec 31, 2007
2006	$2.17B	$286.92M	7.6×	+3.1×	Dec 31, 2006
2005	$981.34M	$221.06M	4.4×	-0.4×	Dec 31, 2005
2004	$785.82M	$163.67M	4.8×	+2.6×	Dec 31, 2004
2003	$262.16M	$117.94M	2.2×	+2.0×	Dec 31, 2003
2002	$17.93M	$77.19M	0.2×	-3.4×	Dec 31, 2002
2001	$229.63M	$63.41M	3.6×	—	Dec 31, 2001


AvalonBay Communities (AVB)	7.5×
American Tower (AMT)	7.4×
VICI Properties (VICI)	7.2×
Equity Residential (EQR)	7.1×
Kimco Realty (KIM)	7.0×
Federal Realty Investment Trust (FRT)	7.0×
Camden Property Trust (CPT)	6.5×
UDR (UDR)	6.4×
Tanger (SKT)	6.4×
Mid-America Apartment Communities (MAA)	6.4×
SBA Communications (SBAC)	6.4×
Ventas (VTR)	6.3×
Invitation Homes (INVH)	5.4×
CoStar Group (CSGP)	4.9×
Apartment Investment and Management (AIV)	4.5×
Iron Mountain (IRM)	4.2×
Healthpeak Properties (DOC)	4.0×
Universal Health Realty Income Trust (UHT)	3.8×
Alexandria Real Estate Equities (ARE)	3.0×
Medical Properties Trust (MPT)	2.8×
BXP (BXP)	2.4×
Host Hotels & Resorts (HST)	2.2×
Arbor Realty Trust (ABR)	1.2×
Opendoor Technologies (OPEN)	1.1×
CBRE Group (CBRE)	0.9×

P/S Ratio for Equinix (EQIX)

P/S Ratio daily chart for Equinix (EQIX)

Historical P/S Ratio for Equinix (EQIX) from 2001 to 2025

About P/S Ratio at Equinix (EQIX)

Equinix P/S Ratio by Year

Equinix P/S Ratio 2025: 8.1×

Equinix P/S Ratio 2024: 10.4×

Equinix P/S Ratio 2023: 9.3×

Equinix P/S Ratio 2022: 8.3×

Equinix P/S Ratio 2021: 11.5×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Equinix (EQIX) Key Financials

P/S Ratio daily chart for Equinix (EQIX)

Historical P/S Ratio for Equinix (EQIX) from 2001 to 2025

About P/S Ratio at Equinix (EQIX)

Equinix P/S Ratio by Year

Equinix P/S Ratio 2025: 8.1×

Equinix P/S Ratio 2024: 10.4×

Equinix P/S Ratio 2023: 9.3×

Equinix P/S Ratio 2022: 8.3×

Equinix P/S Ratio 2021: 11.5×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Equinix's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Equinix?

+Is Equinix's P/S ratio high or low?

+What is Equinix's historical P/S ratio range?

+What was Equinix's P/S ratio in 2025?

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

Equinix (EQIX) Key Financials