NextDC's price/book ratio is around 0.8, with most data center companies trading at well over 1

NextDC’s stock fell around 42% in response to the guidance changes, having already fallen 34% since its full-year results announcement.

Management will pause future land acquisitions and capital expenditure on projects not backed by customer contracts until it has more clarity on M3 revenue.

NextDC has a big opportunity in front of it, with ample room to increase its data center footprint in Australia and the Asia-Pacific region and reap the financial benefits that its larger scale should provide.