Equinix Inc (EQIX) is overvalued and Iron Mountain Inc (IRM) is overvalued.
Both trade above our estimate of their intrinsic value. EQIX is the closer of the two: -129%, against -208% for IRM.
Values as of the 22 Sept 2026 close.
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
Discounting its cash flows at 8.9% (average of 2 methods) values the shares at $38.38; the price of $118.13 is 208% above that value.
Leak Score 28/100 on 8 of 12 signals
| Metric | EQIX | IRM |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $1059.26 | $118.13 |
| Intrinsic value | $463.18 | $38.38 |
| Margin of safety | -129% | -208% |
| Leak Score | 45/100 (9/12) | 28/100 (8/12) |
| Market cap | $104.5B | $35.2B |
| Revenue growth, 5 years | 9.0% | 10.7% |
| Operating margin | 9.2% | 20.6% |
| Net margin | 15.6% | 5.5% |
| Return on equity | 10.8% | — |
| Debt to equity | 1.62 | — |
| P/E | 68.2x | 84.3x |
| Forward P/E | 56.2x | 42.5x |
| P/B | 7.3x | — |
| Dividend yield | 1.9% | 2.9% |