Stock fact sheet · data as of
Equinix, Inc. (EQIX): fair value, margin of safety and Wheel Score
Real Estate · REIT - Specialty · United States · Blend
Is EQIX undervalued?
Equinix, Inc. (EQIX) closed at 996.26 on 16 Oct 2026, 247% above the GLS average fair value of 287.49. 8 of the 8 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
There is a wide gap between Lynch (149.89) and 10 Cap (469.77). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files EQIX under Blend.
Nine valuation models for EQIX
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 225.80 | -77% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 422.28 | -58% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 149.89 | -85% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 209.23 | -79% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 469.77 | -53% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 353.53 | -65% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 296.79 | -70% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 172.68 | -83% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -211.19 | -121% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 1,246.25 | +25% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Equinix, Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability EQIX scores 6.9/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are thin or negative - ROIC 3.7%, ROE 9.5%, ROA 3.4% - with debt at 1.61 times equity and a free-cash-flow yield of 1.4%.
The dividend yield is 2.02% at a payout ratio of 128%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Recurring Revenues 91%, Non Recurring Revenues 9% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 10/10 on the GLS smart-money scales; the last recorded Congressional buy was on 7 Aug 2026.
| Piotroski F-score | 5 / 9 | ROIC | 3.7% |
|---|---|---|---|
| GLS Moat | 6.9 / 10 | ROE | 9.5% |
| Debt / equity | 1.61 | ROA | 3.4% |
| Free-cash-flow yield | 1.4% | Payout ratio | 128% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 10 / 10 |
Wheel Score 58: Fair
A Wheel Score of 58 puts Equinix, Inc. in the Fair band - below the 70 the Sunday Scan requires. Value 0/25, Health 11/20, Moat 10/15, Premium 20/20 and Stability 17/20; the weakest part is Value (0/25).
Implied volatility is 36% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 14,609 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 616k shares a day on a market cap of $98.3B, with a beta of 0.97; the Stability part of the Wheel Score gives that 17 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -247% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 10 / 15 | moat 6.9/10 | |
| Premium | 20 / 20 | implied volatility 36% | |
| Stability | 17 / 20 | 616k shares/day, $98.3B cap, beta 0.97 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Equinix, Inc. reports earnings on 28 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in REIT - Specialty
The 12 companies below are the closest to Equinix, Inc. by market cap within the REIT - Specialty industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| AMT American Tower Corporation | 181.36 | 115.96 | -56% | 60Fair | $84.5B |
| DLR Digital Realty Trust, Inc. | 174.47 | 69.61 | -151% | 61Fair | $64.7B |
| CCI Crown Castle Inc. | 80.00 | 64.77 | -24% | 63Fair | $35.0B |
| IRM Iron Mountain Incorporated | 112.68 | 22.28 | -406% | 58Fair | $33.5B |
| SBAC SBA Communications Corporation | 180.71 | 190.61 | +5% | 77Good | $19.2B |
| LAMR Lamar Advertising Company | 148.07 | 94.42 | -57% | 51Fair | $15.0B |
| WY Weyerhaeuser Company | 18.90 | 14.36 | -32% | 55Fair | $13.6B |
| GLPI Gaming and Leisure Properties, Inc. | 39.08 | 48.20 | +19% | 69Good | $11.4B |
| RYN Rayonier Inc. REIT | 18.65 | 22.63 | +18% | 76Good | $5.5B |
| OUT Outfront Media Inc. | 29.95 | 21.40 | -40% | 55Fair | $5.3B |
| EPR EPR Properties | 55.15 | 59.80 | +8% | 64Fair | $4.2B |
| FRMI Fermi Inc. Common Stock | 3.40 | 0.2626 | -1193% | 25Weak | $2.2B |
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Start free See the Sunday ScanQuestions about EQIX
Is EQIX undervalued right now?
No: at 996.26 the stock trades 247% above the GLS average fair value of 287.49 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of EQIX and what does it mean?
EQIX scores 58 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for EQIX?
287.49 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Equinix, Inc. report earnings next?
The next earnings report is due on 28 Oct 2026 (after the close), 12 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does EQIX have listed options, and how liquid are they?
Yes. The nightly snapshot found 1,000 listed contracts with 14,609 open interest across all expiries and implied volatility of 36% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.