Crown Castle Inc (CCI) is overvalued and Equinix Inc (EQIX) is overvalued.
Both trade above our estimate of their intrinsic value. CCI is the closer of the two: -37%, against -129% for EQIX.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.6% (average of 3 methods) values the shares at $52.83; the price of $72.37 is 37% above that value, and 77% of that value comes from beyond year five.
Leak Score 47/100 on 8 of 12 signals
Discounting its cash flows at 9.9% (average of 2 methods) values the shares at $463.18; the price of $1059.26 is 129% above that value.
Leak Score 45/100 on 9 of 12 signals
| Metric | CCI | EQIX |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $72.37 | $1059.26 |
| Intrinsic value | $52.83 | $463.18 |
| Margin of safety | -37% | -129% |
| Leak Score | 47/100 (8/12) | 45/100 (9/12) |
| Market cap | $30.8B | $104.5B |
| Revenue growth, 5 years | -6.1% | 9.0% |
| Operating margin | 48.3% | 9.2% |
| Net margin | 47.6% | 15.6% |
| Return on equity | -276.4% | 10.8% |
| Debt to equity | — | 1.62 |
| P/E | 15.9x | 68.2x |
| Forward P/E | 25.7x | 56.2x |
| P/B | — | 7.3x |
| Dividend yield | 5.9% | 1.9% |