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STOCK COMPARISON

Equinix vs Iron Mountain: Fair Value & Quality

Both stocks run through our valuation models. Here is how Equinix (EQIX) and Iron Mountain (IRM) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Iron Mountain as the less overvalued of the two: Equinix trades at $1,041 versus a fair value of $199 (-81%), while Iron Mountain trades at $115 versus $40.40 (-65%).
Equinix
EQIX · USD · Real Estate
-81%
upside to fair value
overvalued
Price$1,041
Fair Value$199
Quality48/100
Iron Mountain
IRM · USD · Real Estate
-65%
upside to fair value
overvalued
Price$115
Fair Value$40.40
Quality39/100
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Head-to-head numbers

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

EquinixIron Mountain
Valuation
70.0×P/E (TTM)86.2×
10.45×P/S (TTM)4.79×
7.03×P/B
27.0×EV/EBITDA20.5×
3.35×PEG2.70×
−80.9%Fair value upside−64.9%
1.8%Dividend yield2.9%
$19.23Dividend per share$3.30
Profitability
24%Operating margin19%
1.14×EBIT margin trend (5Y)0.91×
10%Return on equity225%
4%Return on assets5%
Growth
12%Revenue growth (YoY)19%
8.4%Avg. growth/yr (3Y)10.6%
9.1%Avg. growth/yr (5Y)10.7%
+21.8%Value creation/yr−16.7%
Balance & size
3.2×Interest coverage (EBIT/interest)1.7×
1.24×Debt / equity
$100BMarket cap$36B
expensiveGrowth qualityexpensive

Iron Mountain leads: 5 to 8 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.

Equinixof which business quality 45 · market factors 67 Iron Mountainof which business quality 35 · market factors 57
ProfitabilityMargins and returns on capital today
34
18
Quality GrowthAre margins and returns improving?
62
39
CashflowEarnings quality: real cash, not paper profit
51
43
Fin. StrengthBalance sheet, leverage, solvency risk
30
8
InvestmentDisciplined investing over empire-building
38
51
Low VolatilityCalm price path (market factor)
71
52
MomentumPrice trend over the last 3–12 months (market factor)
57
55
52W MomentumDistance to the 52-week high (market factor)
78
68
Net IssuanceBuybacks instead of dilution
66
76

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 familyEquinixPrice $1,041Iron MountainPrice $115
Dividend Discount-68%below the price$331n/a
Multiples-78%below the price$233-75%below the price$29.10
Asset-Based-91%below the price$96.17n/a
Economic Profit-87%below the price$138n/a
Minimum-91%below the price$96.17-75%below the price$29.10
Maximum-68%below the price$331-75%below the price$29.10
Median-82%below the price$185-75%below the price$29.10
Geometric mean-83%below the price$179-75%below the price$29.10

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%.

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

Iron Mountain: 4 of 4 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.

Equinix
Bear $175Fair Value $199Bull $291
$1,041 = current price (white tick)
Iron Mountain
Bear $14.44Fair Value $40.40Bull $66.37
$115 = 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.

Equinix · Real Estate

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

Iron Mountain · Real Estate

Quality score39 · bottom 25%
Fair value upside-65% · bottom 25%

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Iron Mountain as the less overvalued of the two: Equinix trades at $1,041 versus a fair value of $199 (-81%), while Iron Mountain trades at $115 versus $40.40 (-65%).

Equinix has the higher quality score (48/100).

See the full analysis →

More comparisons

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