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Iron Mountain Inc. (0JDP) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Iron Mountain Inc. $32.33, price $114, upside -71.6%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Real Estate · GB · Home US

IM Thin data Sep 24, 2026

Iron Mountain Inc.

0JDP · LSE

Weakest SetupStrongly overvalued and low quality.

!Fair value $32.33 · Strongly overvalued (−71.6%)
!Quality 38/100
!Expensive Growth (revenue 5y +10.7 %/yr)
!Thin margins · 3.8% net margin (TTM)
!Negative equity (buybacks among others) · negative free cash flow
!2.9% dividend yield · Pays more than it earns
!Trails peers (3/8)
!Moderate moat 49/100
!Evidence only low, so the estimate is less certain
!The models disagree: range $6.47 to $59.33

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$132.79 $34.76 Fair Value $32.33 May 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range $34.76 – $132.79 · fair‑value band $6.47 – $59.33 · the $114.00 price screens above the $32.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

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.

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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.

Stock analysis

Iron Mountain Inc. (0JDP) currently trades at $114.00, while our model-based Fair Value estimate is $32.33, 71.6% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 11 models at a data quality of 92/100, which puts the evidence level at low.

Scenario range: $6.47 (bear) to $59.33 (bull), the price of $114.00 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 38/100 (below-average quality), in the Real Estate sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Iron Mountain Inc. reported revenue of $6.9B in FY2025 versus $4.5B in FY2021, a compound +11.3%/yr. Reported net income was $145M in FY2025, compounding −24.7%/yr from FY2021.

Key figures

Market cap $34.0B · P/E ratio 0.8 · P/S ratio 0.02 · EPS (TTM) $1.53 · Dividend yield 2.9% · Net margin 2.1% · Return on equity 225% · Return on assets (EBIT) 6.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).

What moves the price

The share trades about 14% below its 52-week high and 48% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at −72%, 0JDP screens richer than that median.

Fair Value models

Bear $6.47 Fair Value $32.33 Bull $59.33
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
EV/EBITDA $32.42 $47.04 $61.66 67
EV/EBIT $21.38 $32.33 $43.28 65
P/S Multiple $2.61 $3.48 $4.35 58
All 4 models by family
Multiples
P/S Multiple $2.61 $3.48 $4.35 58
EV/EBIT $21.38 $32.33 $43.28 65
EV/EBITDA $32.42 $47.04 $61.66 67
EV/Revenue $6.66 $14.42 $22.18 51

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Quality Score breakdown

Overall quality 38/100

Of which business quality 35 · Market factors (momentum, volatility) 53

Profitability 18
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 8
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 59
Distance to the 52-week high (market factor)
Net Issuance 76
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+12.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.7%
Start year 2020 (pandemic). Over 10 years: +8.7% a year
Revenue growth 29 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.7%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−13.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.4%
Dividend (yield on the price)2.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−16.4% vs −1.7%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → 20%
Start year 2020 (pandemic)

0JDP screens overvalued: fair value 72% below the price. Compare with Equinix, Inc →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Specialty · 32 stocks

Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside −71.6% · Bottom 25%
Profitability
Return on equity (TTM) Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets 4.6% · Above median
Net margin (TTM) 3.8% · Bottom 25%
Operating margin (TTM) 21.0% · Bottom 25%
Growth and dividend
Revenue growth 21.6% · Top 25%
Dividend yield (TTM) 2.9% · Bottom 25%
Balance sheet
Debt / equity Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.

Valuation Multiplesvs REIT - Specialty median · lower = cheaper

P/E (TTM) 0.8× · Cheapest 25%
P/B Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 19
FUTURE (revenue growth)100 · sector 17
PAST (return on equity)0 · sector 28
HEALTH (low debt)0 · sector 73
DIVIDEND (yield)58 · sector 100

VALUE 0: the price sits above our fair-value range.

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more REIT - Specialty stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Equinix, Inc EQIX $1,015 $137.29 −86%
American Tower Corporation AMT $163.69 $166.27 +2%
Digital Realty Trust, Inc DLR $177.18 $127.38 −28%
Crown Castle Inc CCI $67.84 $82.54 +22%
SBA Communications Corporation SBAC $162.81 $178.33 +10%
Lamar Advertising Company LAMR $143.98 $120.53 −16%
Weyerhaeuser Company WY $20.01 $7.50 −63%
Gaming and Leisure Properties, Inc GLPI $38.79 $63.16 +63%
Rayonier Inc RYN $18.88 $10.02 −47%
OUTFRONT Media Inc OUT $27.65 $8.37 −70%

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Cite: Fair Value Calculator (2026). "Iron Mountain Inc. Fair Value". https://www.fairvalue-calculator.com/stock/0JDP

Frequently asked questions

Is Iron Mountain Inc. (0JDP) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $32.33 versus a price of $114.00, about −72% upside (overvalued).
What is the fair value of 0JDP?
Our model-based fair value for Iron Mountain Inc. is $32.33 (as of Sep 24, 2026), built from audited fundamentals. The current price: $114.00.
What is the quality score of 0JDP?
Iron Mountain Inc. has a Quality Score of 38/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Iron Mountain Inc. (0JDP)?
Our model-based price target is the fair value of $32.33 (as of Sep 24, 2026) from 4 valuation models. Cautious scenario $6.47, optimistic scenario $59.33. It is a calculation from audited fundamentals, not an analyst target.
What is the Iron Mountain Inc. stock forecast for 2026?
Our models put fair value at $32.33, about −72% upside versus a price of $114.00 (overvalued). Cautious scenario $6.47, optimistic scenario $59.33. The calculation is refreshed regularly with new filings.
What is the revenue of Iron Mountain Inc. (0JDP)?
Iron Mountain Inc. reported trailing-twelve-month revenue of about $7.2B (latest available figure, as of Sep 24, 2026).
Does Iron Mountain Inc. pay a dividend?
Iron Mountain Inc. currently shows a dividend yield of about 2.89% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Iron Mountain Inc. (0JDP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Iron Mountain Inc. it is $32.33 per share (as of Sep 24, 2026), against a price of $114.00. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Iron Mountain Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0JDP trades above its calculated fair value: price $114.00, fair value $32.33, a gap of about −72% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0JDP?
No. The price is what the market pays today ($114.00); the fair value is what the company's own numbers justify ($32.33). For Iron Mountain Inc. the two are $81.67 per share apart. That gap is exactly why we show both numbers side by side.
How much is Iron Mountain Inc. worth?
The market values Iron Mountain Inc. at about $34.0B (market capitalisation, as of Sep 24, 2026). Per share that is $114.00; our models calculate a fair value of $32.33 per share.
What do the bullish and bearish scenarios say about 0JDP?
Our models span a range for Iron Mountain Inc.: cautious scenario $6.47, base $32.33, optimistic $59.33 per share (as of Sep 24, 2026, price $114.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0JDP?
Iron Mountain Inc. trades at a price-to-earnings ratio of 0.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $32.33 is built from several models across several years.
How solid is the balance sheet of Iron Mountain Inc. (0JDP)?
Balance-sheet figures for Iron Mountain Inc. (as of Sep 24, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is 0JDP from its 52-week high?
Iron Mountain Inc. trades at $114.00, about 14% below its 52-week high of $132.79 and 48% above the low of $76.79 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $32.33 is for.
Which stocks are comparable to Iron Mountain Inc.?
From the same area (Real Estate) we also value Equinix, Inc, American Tower Corporation, Digital Realty Trust, Inc, Crown Castle Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Iron Mountain Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price $114.00, calculated fair value $32.33 (−72%), Quality Score 38/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0JDP calculated?
We run Iron Mountain Inc. through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $32.33, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Iron Mountain Inc. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Iron Mountain Inc. (0JDP)?
The closing price on Oct 2, 2026 was $114.00. Our model-based fair value is $32.33, about −72% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Iron Mountain Inc. right now?
The price sits above even our optimistic bull case ($59.33). The favourable scenario is already priced in. Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide ($6.47 to $59.33). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of Iron Mountain Inc. (0JDP) come from?
Earnings per share at Iron Mountain Inc. grew −4.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.3 %, EBIT margin +2.7 %, tax rate +5.2 %, residual (interest, one-offs) −15.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Iron Mountain Inc.

How large is the market capitalisation of Iron Mountain Inc. (0JDP)?
The market capitalisation of Iron Mountain Inc. is $34.0B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Iron Mountain Inc. (0JDP)?
The price-to-sales ratio of Iron Mountain Inc. is 0.02 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Iron Mountain Inc. (0JDP)?
Earnings per share at Iron Mountain Inc. are $1.53 (price ÷ EPS = P/E 0.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Iron Mountain Inc. (0JDP)?
The dividend yield of Iron Mountain Inc. is 2.9%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Iron Mountain Inc. (0JDP)?
The net margin of Iron Mountain Inc. is 2.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Iron Mountain Inc. (0JDP)?
The return on equity (ROE) of Iron Mountain Inc. is 225% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Iron Mountain Inc. (0JDP)?
On an EBIT basis the return on assets of Iron Mountain Inc. is 6.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Iron Mountain Inc. (0JDP)?
The operating margin of Iron Mountain Inc. is 21.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Iron Mountain Inc. (0JDP)?
Revenue at Iron Mountain Inc. is growing +21.6% versus a year earlier (3y avg +10.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Iron Mountain Inc. (0JDP)?
Earnings per share at Iron Mountain Inc. are growing +860% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Iron Mountain Inc. (0JDP) generate?
The free cash flow of Iron Mountain Inc. is −$932M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Iron Mountain Inc. (0JDP) carry?
The net debt of Iron Mountain Inc. is $21.7B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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