Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 46.86.
Forward PE Ratio (46.86) = Close Price ($116.86) / Consensus Forward EPS ($2.49)
FORWARD PE RATIO
46.86
SECTOR MEDIAN · REAL ESTATE
31.88
median of 37 covered companies
CURRENT VS SECTOR MEDIAN
+46.99%
vs the sector median at left
Iron Mountain Incorporated
Market Cap
$34.77B
Forward PE Ratio
46.86
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Iron Mountain Incorporated (IRM) | $34.77B | 46.86 |
| Crown Castle Inc. (CCI)vs › | $33.14B | 39.32 |
| Extra Space Storage Inc. (EXR)vs › | $29.42B | 30.15 |
| VICI Properties Inc. (VICI)vs › | $27.99B | 9.13 |
| CBRE Group, Inc. (CBRE)vs › | $42.81B | 18.87 |
| AvalonBay Communities, Inc. (AVB)vs › | $26.28B | 11.29 |
| Ventas, Inc. (VTR)vs › | $43.89B | 154.88 |
| Equity Residential (EQR)vs › | $23.87B | 44.91 |
| SBA Communications Corporation (SBAC)vs › | $20.09B | 24.62 |
| Essex Property Trust, Inc. (ESS)vs › | $17.90B | 49.30 |
Trailing P/E
83.5
reported TTM EPS
Forward P/E
46.9
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $2.49 implies +77.9% EPS growth vs the reported trailing $1.40.
At today's $116.86 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $2.49 | $2.49 – $2.50 | 4 | 46.9x |
| 2027-12-31 | $2.78 | $2.76 – $2.81 | 4 | 42.0x |
| 2028-12-31 | $3.14 | $2.14 – $3.97 | 4 | 37.2x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute