Iron Mountain Incorporated IRM

111.38 (2.71) (2.38%) as of 25 Sep
Market cap
$34.0B
P/E
79.6×
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Iron Mountain Incorporated (IRM) EV/EBITDA

As of 25 September 2026, Iron Mountain Incorporated (IRM) trades at a EV/EBITDA of 19.8×. Over the past ten years it has ranged from 10.2× (January 2021) to 27.5× (October 2024); the current reading is higher than 80% of that period. That is above the Reit Specialty industry median of 16.2× and above the Real Estate sector median of 15.2×.

EV/EBITDA, daily

Annual

Period EV/EBITDA Change
FY2025 18.4× (19.94%)
FY2024 22.9× 23.88%
FY2023 18.5× 33.65%
FY2022 13.9× (11.08%)
FY2021 15.6× 49.16%
FY2020 10.4× (13.67%)
FY2019 12.1× 2.67%
FY2018 11.8× (14.15%)
FY2017 13.7× (6.29%)
FY2016 14.6× 23.70%

Quarterly

Period EV/EBITDA Change
Jun 2026 21.6× 9.55%
Mar 2026 19.7× 7.15%
Dec 2025 18.4× (15.75%)
Sep 2025 21.8× (3.23%)
42 more quarters

Against its own ten years

Low 10.2× High 27.5×
Ten-year median 14.4×
Current reading's percentile 80

EV/EBITDA against peers

Company EV/EBITDA
GLPI Gaming and Leisure Properties, Inc. compare 11.4×
WY Weyerhaeuser Company compare 14.3×
AMT American Tower Corporation compare 16.2×
LAMR Lamar Advertising Company compare 16.7×
CCI Crown Castle Inc. compare 17.2×
SBAC SBA Communications Corporation compare 17.5×
IRM Iron Mountain Incorporated 19.8×
EQIX Equinix, Inc. compare 27.3×
DLR Digital Realty Trust, Inc. compare 38.8×
Reit Specialty industry median 16.2×
Real Estate sector median 15.2×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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