DASHBOARD: Digital infrastructure valuation comps for January 2026
- Publisher : Venture Insights
- Publish Date : February 7, 2026
This Digital Infrastructure Valuation report provides a comprehensive analysis of key financial metrics for digital infrastructure stocks listed in Australia, New Zealand, and the broader regional market. It includes detailed visualisations of monthly and annual share price movements, key earnings multiples, and forward earnings multiples compared to forward growth estimates. Additionally, it tracks share price trends over the past twelve months, offering valuable insights for market participants.
Figure 1: Digital infrastructure share price changes January 2026
Source: Firehawk. Only includes top 10 movers.
Key developments
Overall, listed digital infrastructure stocks in the region did well in 2024 as demand for AI infrastructure saw growing interest in the sector. Over 2025, a gradual investor turn against tech stocks and “AI hype” has weighed on stock prices.
Uniti Group (US)
Uniti Group’s stock has risen by close to 19% during January, after the company announced that it has completed its inaugural Kinetic fibre-to-the-home securitisation, issuing US$960.1 million of secured fibre network revenue term notes with anticipated repayment in February 2031. The notes are backed by residential fibre assets and customer agreements across five U.S. states. Proceeds will support fibre expansion, balance sheet strengthening, and potential debt repayment, reflecting strong investor demand for the transaction.
Digital Realty
Digital Realty’s stock has lifted by around 7% during the month, as the company announced its planned entry into Malaysia through the acquisition of TelcoHub 1, a highly connected 1.5MW data centre in Cyberjaya hosting over 40 network service providers and more than 6,000 fibre cores. The deal includes adjacent land supporting up to 14MW of future capacity. The campus will integrate into Digital Realty’s global data centre platform and offer on-demand interconnection services for regional and cloud connectivity.
NextDC
NextDC’s stock has risen by around 6% during January despite the company not releasing any price sensitive announcements. The company did notify investors that its development application for its M4 Melbourne Data Centre located at Port Melbourne has received the necessary Planning Permit from the Victorian Government. The stock has shown some volatility in the last year and is down roughly 10% year-on-year.
Figure 2: Digital infrastructure valuation multiples
Source: Firehawk. Blank results are due to a lack of equity research analyst coverage, the EV/Revenue multiple being above 25x, or the EV/EBITDA and EV/EBIT multiple being less than zero or above 60x.
About Venture Insights
Venture Insights is an independent company providing research services to companies across the media, telco and tech sectors in Australia and New Zealand.