• Equinix average price/book ratio for 2024 was 6.25, a 9.84% decline from 2023.
• Equinix average price/book ratio for 2023 was 5.69, a 10.06% increase from 2022.
• Equinix average price/book ratio for 2022 was 5.17, a 15.8% increase from 2021.

Price/book ratio can be defined as