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Equinix (Equinix) Cyclically Adjusted Revenue per Share : $76.49 (As of Mar. 2024)


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What is Equinix Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Equinix's adjusted revenue per share for the three months ended in Mar. 2024 was $22.353. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $76.49 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Equinix's average Cyclically Adjusted Revenue Growth Rate was 8.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 11.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.90% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 12.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Equinix was 14.70% per year. The lowest was 7.00% per year. And the median was 11.60% per year.

As of today (2024-05-24), Equinix's current stock price is $767.53. Equinix's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $76.49. Equinix's Cyclically Adjusted PS Ratio of today is 10.03.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Equinix was 15.57. The lowest was 6.96. And the median was 10.46.


Equinix Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Equinix's Cyclically Adjusted Revenue per Share 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.

* Premium members only.

Equinix Cyclically Adjusted Revenue per Share Chart

Equinix Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.91 54.22 61.51 68.77 74.34

Equinix Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 70.83 72.34 73.84 74.34 76.49

Competitive Comparison of Equinix's Cyclically Adjusted Revenue per Share

For the REIT - Specialty subindustry, Equinix's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Equinix's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Equinix's Cyclically Adjusted PS Ratio falls into.



Equinix Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Equinix's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=22.353/131.7762*131.7762
=22.353

Current CPI (Mar. 2024) = 131.7762.

Equinix Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 11.716 100.560 15.353
201409 11.232 100.428 14.738
201412 11.533 99.070 15.340
201503 11.239 99.621 14.867
201506 11.576 100.684 15.151
201509 11.899 100.392 15.619
201512 11.903 99.792 15.718
201603 12.390 100.470 16.251
201606 12.798 101.688 16.585
201609 12.859 101.861 16.636
201612 13.075 101.863 16.915
201703 12.942 102.862 16.580
201706 13.584 103.349 17.320
201709 14.638 104.136 18.523
201712 15.136 104.011 19.176
201803 15.265 105.290 19.105
201806 15.823 106.317 19.612
201809 15.990 106.507 19.784
201812 16.190 105.998 20.127
201903 16.606 107.251 20.403
201906 16.339 108.070 19.923
201909 16.323 108.329 19.856
201912 16.469 108.420 20.017
202003 16.769 108.902 20.291
202006 16.725 108.767 20.263
202009 16.977 109.815 20.372
202012 17.405 109.897 20.870
202103 17.765 111.754 20.948
202106 18.400 114.631 21.152
202109 18.517 115.734 21.084
202112 18.745 117.630 20.999
202203 19.026 121.301 20.669
202206 19.911 125.017 20.988
202209 19.978 125.227 21.023
202212 20.170 125.222 21.226
202303 21.406 127.348 22.150
202306 21.505 128.729 22.014
202309 21.887 129.860 22.210
202312 22.293 129.419 22.699
202403 22.353 131.776 22.353

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Equinix  (NAS:EQIX) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Equinix's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=767.53/76.49
=10.03

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Equinix was 15.57. The lowest was 6.96. And the median was 10.46.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Equinix Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Equinix's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Equinix (Equinix) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equinix Inc (NAS:EQIX) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
One Lagoon Drive, Redwood City, CA, USA, 94065
Equinix operates 248 data centers in 71 markets worldwide. It generates 46% of total revenue in the Americas, 32% in Europe, the Middle East, and Africa, and 22% in Asia-Pacific. The firm has more than 10,000 customers, including 2,100 network providers, that are dispersed over five verticals: cloud and IT services, content providers, network and mobile services, financial services, and enterprise. About 70% of Equinix's revenue comes from renting space to tenants and related services, and more than 15% comes from interconnection. Equinix operates as a real estate investment trust.
Executives
Charles J Meyers officer: CEO and President 301 VELOCITY WAY, 5TH FLOOR, FOSTER CITY CA 94404
Scott Crenshaw officer: EVP, GM Digital Services ONE FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78133
Keith D Taylor officer: VP Finance, CAO 301 VELOCITY WAY, 5TH FLOOR, FOSTER CITY CA 94404
Brandi Galvin officer: General Counsel 301 VELOCITY WAY, 5TH FLOOR, FOSTER CITY CA 94404
Michael Earl Campbell officer: Chief Sales Officer 1 LAGOON DRIVE, REDWOOD CITY CA 94065
Jonathan Lin officer: EVP, GM, Data Center Services C/O EQUINIX, INC., ONE LAGOON DRIVE, REDWOOD CITY CA 94065
Camp Peter Van director, officer: Chief Executive Officer C/O PACKETEER INC, 10201 N DEANZA BLVD, CUPERTINO CA 95014
Gary Hromadko director, 10 percent owner, other: Affiliate of Director 301 VELOCITY WAY 5TH FLOOR, FOSTER CITY CA 94404
Christopher B Paisley director 14870 THREE OAKS COURT, SARATOGA CA 95070
Simon Miller officer: Chief Accounting Officer 1 LAGOON DR, REDWOOD CITY CA 94065
Fidelma Russo director C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Karl Strohmeyer officer: Chief Customer & Rev Officer ONE LAGOON DRIVE, 4TH FLOOR, REDWOOD CITY CA 94065
Thomas S Olinger director C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Jeetendra I Patel director 200 E. RANDOLPH DRIVE, CHICAGO IL 60601
Ron Guerrier director C/O EXPRESS SCRIPTS HOLDING COMPANY, ONE EXPRESS WAY, ST. LOUIS MO 63121