---
title: Equinix (EQIX) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/eqix
ticker: EQIX
as_of: 2026-10-17
sector: Real Estate
industry: REIT - Specialty
---
# Equinix (EQIX)

Equinix (EQIX) closed at $985.98 on Oct 16, 2026, undervalued by 5% vs its model value of $1,034.07 (from its own five-year median price to Cash FFO).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $985.98 (Oct 16, 2026) |
| Model value (from its own five-year median price to Cash FFO) | $1,034.07 |
| Price vs model | undervalued by 5% vs model |
| Range of that model | $939.46 – $1,106.59 |
| Market value | $97.3B |
| P/E (fiscal 2025) | 71.7 |
| Net margin (fiscal 2025) | 14.6% |
| Free cash flow (fiscal 2025) | -$400.0M |
| Dividend yield (trailing twelve months) | 2.05% |
| Beta | 0.97 |
| Cost of capital (WACC) | 8.42% |
| Business classification | Mature & Stable (Low/slowing growth (~6% recent), Moderate margins (15% net margin), Pays dividends, Moderately volatile earnings, Negative free cash flow) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 2.05% |
| Dividends per share, last 12 months | $20.17 |
| Dividends / FFO (fiscal 2025) | 54.6% |
| Raised | 10 years in a row |
| Growth over 5 years | 12.3% a year |
| Latest payment | $5.16, ex-date Aug 19, 2026, paid Sep 16, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Aug 17, 2021 | $11.27 |
| To Aug 16, 2022 | $12.17 |
| To Aug 22, 2023 | $13.33 |
| To Aug 21, 2024 | $17.04 |
| To Aug 20, 2025 | $18.33 |
| Trailing twelve months (to Aug 19, 2026) | $20.17 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/Cash FFO · own history | primary | $1,034.07 | $939.46 | $1,106.59 |
| P/E · peers | cross check | $770.71 | $668.32 | $873.10 |
| P/E · own history | cross check | $1,451.08 | $1,234.05 | $1,657.13 |
| PEG | sanity check | $249.02 | $249.02 | $249.02 |
| EV/EBITDA · peers | cross check | $776.58 | $533.05 | $958.40 |
| EV/Revenue · peers | cross check | $1,140.53 | $496.05 | $4,294.28 |
| Dividend discount | cross check | $437.54 | $301.54 | $713.12 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 6 open-market sales ($4.9M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 4, 2026 | Paladin Michael Shane | Chief Customer & Rev Officer | Open-market sell | 307 | $317,748.1 |
| Sep 1, 2026 | Paladin Michael Shane | Chief Customer & Rev Officer | Option/RSU exercise (10b5-1 plan) | 510 | $0 |
| Sep 2, 2026 | Paladin Michael Shane | Chief Customer & Rev Officer | Open-market sell (10b5-1 plan) | 53 | $53,425 |
| Sep 2, 2026 | Paladin Michael Shane | Chief Customer & Rev Officer | Open-market sell (10b5-1 plan) | 150 | $152,764.5 |
| Sep 1, 2026 | Paladin Michael Shane | Chief Customer & Rev Officer | Option/RSU exercise (10b5-1 plan) | 510 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 6, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1101239/000110465926092009/tm2622384d1_8k.htm |
| Jul 30, 2026 | 424B5 | Prospectus supplement | https://www.sec.gov/Archives/edgar/data/1101239/000110465926088496/tm2621537-1_424b5.htm |
| Jul 29, 2026 | 8-K | 1.01 Entry into a Material Agreement; 1.02 Termination of a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1101239/000110123926000148/eqix-20260727.htm |
| Jul 29, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1101239/000110123926000147/eqix-20260630.htm |
| Jul 29, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1101239/000110123926000145/eqix-20260729.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Christopher Davis | 2026-06-30 | 19,313 | $20.1M |
| Druckenmiller | 2026-06-30 | 18,450 | $19.2M |
| Bridgewater | 2026-06-30 | 9,966 | $10.4M |
| First Eagle | 2026-06-30 | 544 | $567,060 |

4 tracked managers in all.

## About

Equinix, Inc. shortens the path to boundless connectivity anywhere in the world. Its digital infrastructure, data center footprint and interconnected ecosystems empower innovations that enhance our work, life and planet. Equinix connects economies, countries, organizations and communities, delivering seamless digital experiences and cutting-edge AI quickly, efficiently and everywhere. Equinix, Inc. was established on June 22, 1998 and is based in Redwood City, United States.

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Source: https://sweetvaluelab.com/stocks/eqix (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.