Iron Mountain Incorporated (IRM)

Real Estate · NYQ · US

USD121.66-5.11% today

Fundamentals

Market capUSD36.49B
P/E ratio133.3
Dividend yield2.82%
Revenue growth (YoY)+21.6%
Profit margin3.8%
52-week rangeUSD77.77 to USD134.68
Next earnings2026-04-30

Valuation and ratings

DCF fair valueUSD49.06
Upside to fair value-59.7%
Analyst target (mean)USD133.00
Analyst rangeUSD44.00 to USD149.00
Analysts covering11
Consensus viewbuy
Moat score51/100
Overall rating30/100, Reduce

Iron Mountain Incorporated trades at USD121.66, which is 60% above the USD49.06 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.

Our moat model scores it 51 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.

It changes hands at 133.3 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.

About Iron Mountain Incorporated

Iron Mountain Incorporated is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds. Our broad range of solutions address their information management, digital transformation, information security, data center and asset lifecycle management needs. Iron Mountain Incorporated is based in Portsmouth, New Hampshire. Iron Mountain Incorporated was founded in 1951 and is incorporated in Delaware and is based in Portsmouth, New Hampshire.

Industry: REIT - SpecialtyEmployees: 29,400HQ: United States

IRM passes 2 of our 30 screens today

Each screen prints the exact criteria it used, and the circumstances in which it is wrong.

Common questions

Is Iron Mountain Incorporated (IRM) undervalued?

Against our discounted cash flow estimate of USD49.06, IRM at USD121.66 is 60% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.

What is IRM's P/E ratio?

IRM trades at 133.3 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.

The full research page for IRM, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.

Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.