• Equinix average price/book ratio for 2023 was 5.75, a 10.15% increase from 2022.
• Equinix average price/book ratio for 2022 was 5.22, a 15.81% increase from 2021.
• Equinix average price/book ratio for 2021 was 6.2, a 8.58% decline from 2020.

Price/book ratio can be defined as