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STOCK COMPARISON

American Tower vs Equinix: Fair Value & Quality

Both stocks run through our valuation models. Here is how American Tower (AMT) and Equinix (EQIX) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees American Tower as the less overvalued of the two: American Tower trades at $178 versus a fair value of $131 (-27%), while Equinix trades at $1,041 versus $199 (-81%).
American Tower
AMT · USD · Real Estate
-27%
upside to fair value
overvalued
Price$178
Fair Value$131
Quality62/100
Equinix
EQIX · USD · Real Estate
-81%
upside to fair value
overvalued
Price$1,041
Fair Value$199
Quality48/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

American TowerEquinix
Valuation
27.9×P/E (TTM)70.0×
7.20×P/S (TTM)10.45×
21.57×P/B7.03×
15.8×EV/EBITDA27.0×
1.61×PEG3.35×
−26.5%Fair value upside−80.9%
3.9%Dividend yield1.8%
$6.98Dividend per share$19.23
Profitability
45%Operating margin24%
1.28×EBIT margin trend (5Y)1.14×
34%Return on equity10%
5%Return on assets4%
Growth
5%Revenue growth (YoY)12%
3.3%Avg. growth/yr (3Y)8.4%
5.8%Avg. growth/yr (5Y)9.1%
+9.5%Value creation/yr+21.8%
Balance & size
4.8×Interest coverage (EBIT/interest)3.2×
9.26×Debt / equity1.24×
$79BMarket cap$100B
healthyGrowth qualityexpensive

American Tower leads: 11 to 5 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

American Towerof which business quality 54 · market factors 44 Equinixof which business quality 45 · market factors 67
ProfitabilityMargins and returns on capital today
52
34
Quality GrowthAre margins and returns improving?
36
62
CashflowEarnings quality: real cash, not paper profit
89
51
Fin. StrengthBalance sheet, leverage, solvency risk
8
30
InvestmentDisciplined investing over empire-building
75
38
Low VolatilityCalm price path (market factor)
73
71
MomentumPrice trend over the last 3–12 months (market factor)
31
57
52W MomentumDistance to the 52-week high (market factor)
32
78
Net IssuanceBuybacks instead of dilution
78
66

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyAmerican TowerPrice $178EquinixPrice $1,041
DCF Models-27%below the price$130n/a
Dividend Discount-33%below the price$119-68%below the price$331
Multiples-48%below the price$92.30-78%below the price$233
Asset-Based-97%below the price$5.25-91%below the price$96.17
Growth DCF-37%below the price$112n/a
Economic Profit-81%below the price$33.69-87%below the price$138
Minimum-97%below the price$5.25-91%below the price$96.17
Maximum-27%below the price$130-68%below the price$331
Median-42%below the price$102-82%below the price$185
Geometric mean-69%below the price$55.26-83%below the price$179

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

American Tower: 13 of 16 models see the stock below the current price.

Equinix: 9 of 9 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

American Tower
Bear $37.93Fair Value $131Bull $195
$178 = current price (white tick)
Equinix
Bear $175Fair Value $199Bull $291
$1,041 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

American Tower · Real Estate

Quality score62 · Top 25%
Fair value upside-27% · below median

Equinix · Real Estate

Quality score48 · below median
Fair value upside-81% · bottom 25%

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees American Tower as the less overvalued of the two: American Tower trades at $178 versus a fair value of $131 (-27%), while Equinix trades at $1,041 versus $199 (-81%).

American Tower has the higher quality score (62/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.