• Equinix average price/book ratio for 2023 was 5.72, a 10% increase from 2022.
• Equinix average price/book ratio for 2022 was 5.2, a 15.72% increase from 2021.
• Equinix average price/book ratio for 2021 was 6.17, a 8.63% decline from 2020.

Price/book ratio can be defined as