Iron Mountain Incorporated logo
IRMIron Mountain Incorporated

EV/EBITDA Ratio: 25.33x

For REITs like Iron Mountain Incorporated, EV/EBITDA is secondary context: property companies are valued primarily on funds from operations (FFO / AFFO) and price-to-FFO, where heavy non-cash depreciation makes EBITDA-based multiples less informative than for an operating company.

The EV/EBITDA ratio is 25.33x as of Saturday, June 27, 2026.

IRM EV/EBITDA Ratio

IRM EV/EBITDA Ratio Chart

25.33x
+6.83% 1Y
IRM EV/EBITDA Ratio

IRM Average EV/EBITDA Ratio Chart

IRM EV/EBITDA Ratio

IRM Current vs Average EV/EBITDA Ratio Chart

IRM EV/EBITDA Ratio Metrics

EV/EBITDA RATIO

25.33x

EV/EBITDA RATIO AVG TTM

22.74x

EV/EBITDA RATIO AVG 3Y

22.45x

EV/EBITDA RATIO AVG 5Y

19.70x

EV/EBITDA RATIO AVG 10Y

16.86x

EV/EBITDA RATIO AVG 15Y

14.24x

EV/EBITDA RATIO AVG 20Y

13.33x

CURRENT VS TTM AVG

+11.37%

CURRENT VS 3Y AVG

+12.82%

CURRENT VS 5Y AVG

+28.58%

CURRENT VS 10Y AVG

+50.19%

CURRENT VS 15Y AVG

+77.91%

CURRENT VS 20Y AVG

+89.97%

IRM Competitors' EV/EBITDA Ratio

NAMEMARKET CAPEV/EBITDA RATIOTTM3Y5Y
Iron Mountain Incorporated (IRM)$39.40B25.33x22.74x22.45x19.70x
Crown Castle Inc. (CCI)vs ›$36.06B22.44x23.91x19.76x22.58x
Ventas, Inc. (VTR)vs ›$43.29B24.80x22.69x20.26x19.88x
Extra Space Storage Inc. (EXR)vs ›$31.52B21.33x20.28x21.94x23.66x
VICI Properties Inc. (VICI)vs ›$29.29B11.58x13.29x14.41x18.50x
AvalonBay Communities, Inc. (AVB)vs ›$26.97B19.77x19.37x20.48x22.53x
Equity Residential (EQR)vs ›$25.62B18.45x14.28x13.36x14.65x
Public Storage (PSA)vs ›$56.96B18.36x17.03x17.86x20.57x
Realty Income Corporation (O)vs ›$58.86B20.57x18.23x17.62x19.69x
SBA Communications Corporation (SBAC)vs ›$19.49B19.77x21.20x22.44x26.34x

EV/EBITDA vs. its own history

At 25.3, EV/EBITDA is richer than usual, sitting higher than 98% of its 20-year history.

20-year low

8.0

median

13.5

20-year high

29.6

cheaperricher

EV/EBITDA Ratio Formula & Definition

EV/EBITDA = Enterprise Value / EBITDA (TTM)

Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

EV/EBITDA Ratio FAQ

What is the EV/EBITDA ratio for Iron Mountain Incorporated (IRM)?
The EV/EBITDA ratio for IRM stock is 25.33x.
What is the TTM average EV/EBITDA ratio for Iron Mountain Incorporated (IRM)?
The TTM average EV/EBITDA ratio for IRM stock is 22.74x.
What is the 3Y average EV/EBITDA ratio for Iron Mountain Incorporated (IRM)?
The 3Y average EV/EBITDA ratio for IRM stock is 22.45x.
What is the 5Y average EV/EBITDA ratio for Iron Mountain Incorporated (IRM)?
The 5Y average EV/EBITDA ratio for IRM stock is 19.70x.
What is the 10Y average EV/EBITDA ratio for Iron Mountain Incorporated (IRM)?
The 10Y average EV/EBITDA ratio for IRM stock is 16.86x.
What is the 15Y average EV/EBITDA ratio for Iron Mountain Incorporated (IRM)?
The 15Y average EV/EBITDA ratio for IRM stock is 14.24x.
What is the 20Y average EV/EBITDA ratio for Iron Mountain Incorporated (IRM)?
The 20Y average EV/EBITDA ratio for IRM stock is 13.33x.

IRM EV/EBITDA Ratio History

DATEEV/EBITDA RATIO
2026-06-2625.33x
2026-06-2525.15x
2026-06-2425.09x
2026-06-2325.40x
2026-06-2225.25x
2026-06-1824.73x
2026-06-1724.43x
2026-06-1624.78x
2026-06-1524.54x
2026-06-1224.66x
2026-06-1124.39x
2026-06-1024.16x
2026-06-0924.52x
2026-06-0824.18x
2026-06-0524.33x
2026-06-0425.04x
2026-06-0324.75x
2026-06-0224.81x
2026-06-0124.55x
2026-05-2924.79x
2026-05-2824.61x
2026-05-2724.63x
2026-05-2624.81x
2026-05-2224.56x
2026-05-2124.67x
2026-05-2024.48x
2026-05-1924.18x
2026-05-1824.24x
2026-05-1524.38x
2026-05-1424.72x
2026-05-1324.52x
2026-05-1224.53x
2026-05-1125.01x
2026-05-0824.86x
2026-05-0724.60x
2026-05-0625.28x
2026-05-0525.23x
2026-05-0424.78x
2026-05-0124.65x
2026-04-3024.50x
2026-04-2923.71x
2026-04-2823.45x
2026-04-2723.47x
2026-04-2423.91x
2026-04-2323.92x
2026-04-2224.07x
2026-04-2124.15x
2026-04-2024.51x
2026-04-1724.18x
2026-04-1624.13x
2026-04-1523.58x
2026-04-1423.64x
2026-04-1323.35x
2026-04-1023.02x
2026-04-0922.93x
2026-04-0822.70x
2026-04-0722.40x
2026-04-0622.35x
2026-04-0222.21x
2026-04-0121.90x
2026-03-3122.06x
2026-03-3021.45x
2026-03-2721.54x
2026-03-2621.80x
2026-03-2521.84x
2026-03-2421.87x
2026-03-2322.03x
2026-03-2021.72x
2026-03-1922.43x
2026-03-1822.54x
2026-03-1722.83x
2026-03-1622.77x
2026-03-1322.68x
2026-03-1222.75x
2026-03-1122.78x
2026-03-1022.81x
2026-03-0922.72x
2026-03-0622.46x
2026-03-0522.74x
2026-03-0422.82x
2026-03-0322.81x
2026-03-0223.15x
2026-02-2722.88x
2026-02-2623.02x
2026-02-2523.34x
2026-02-2423.54x
2026-02-2323.26x
2026-02-2023.14x
2026-02-1922.86x
2026-02-1822.55x
2026-02-1722.94x
2026-02-1323.08x
2026-02-1222.57x
2026-02-1122.62x
2026-02-1022.50x
2026-02-0922.19x
2026-02-0622.00x
2026-02-0521.05x
2026-02-0421.20x
2026-02-0321.00x
2026-02-0221.11x
2026-01-3021.49x
2026-01-2921.62x
2026-01-2821.51x
2026-01-2721.43x
2026-01-2621.73x
2026-01-2321.70x
2026-01-2221.73x
2026-01-2121.73x
2026-01-2021.52x
2026-01-1622.02x
2026-01-1521.57x
2026-01-1421.41x
2026-01-1321.49x
2026-01-1221.12x
2026-01-0921.08x
2026-01-0820.82x
2026-01-0720.78x
2026-01-0620.48x
2026-01-0520.31x
2026-01-0220.25x
2025-12-3120.21x
2025-12-3020.26x
2025-12-2920.16x
2025-12-2620.07x
2025-12-2420.00x
2025-12-2319.91x
2025-12-2219.94x
2025-12-1919.81x
2025-12-1819.63x
2025-12-1719.71x
2025-12-1619.93x
2025-12-1520.14x
2025-12-1220.26x
2025-12-1120.92x
2025-12-1020.56x
2025-12-0920.51x
2025-12-0820.41x
2025-12-0520.40x
2025-12-0420.50x
2025-12-0320.39x
2025-12-0220.18x
2025-12-0120.19x
2025-11-2820.68x
2025-11-2620.66x
2025-11-2520.59x
2025-11-2420.46x
2025-11-2120.50x
2025-11-2020.21x
2025-11-1920.73x
2025-11-1821.09x
2025-11-1721.01x
2025-11-1421.39x
2025-11-1321.39x
2025-11-1222.33x
2025-11-1122.76x
2025-11-1022.92x
2025-11-0723.17x
2025-11-0622.71x
2025-11-0522.66x
2025-11-0423.60x
2025-11-0323.65x
2025-10-3123.54x
2025-10-3023.30x
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2025-10-2823.70x
2025-10-2724.05x
2025-10-2423.87x
2025-10-2323.68x
2025-10-2223.69x
2025-10-2123.75x
2025-10-2023.96x
2025-10-1723.78x
2025-10-1623.95x
2025-10-1523.95x
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2025-09-3023.40x
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2025-09-2323.71x
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2025-09-1822.96x
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2025-09-1222.64x
2025-09-1122.95x
2025-09-1022.74x
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2025-09-0521.98x
2025-09-0421.82x
2025-09-0321.64x
2025-09-0221.59x
2025-08-2922.01x
2025-08-2821.95x
2025-08-2721.94x
2025-08-2621.87x
2025-08-2521.93x
2025-08-2222.23x
2025-08-2121.75x
2025-08-2021.85x
2025-08-1921.89x
2025-08-1821.78x
2025-08-1521.88x
2025-08-1421.87x
2025-08-1322.24x
2025-08-1221.98x
2025-08-1121.60x
2025-08-0821.69x
2025-08-0721.93x
2025-08-0621.67x
2025-08-0522.91x
2025-08-0422.79x
2025-08-0122.69x
2025-07-3123.18x
2025-07-3023.27x
2025-07-2923.49x
2025-07-2823.28x
2025-07-2523.48x
2025-07-2423.39x
2025-07-2323.48x
2025-07-2223.47x
2025-07-2123.38x
2025-07-1823.53x
2025-07-1723.38x
2025-07-1623.31x
2025-07-1523.16x
2025-07-1423.28x
2025-07-1123.27x
2025-07-1023.42x
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2025-07-0723.62x
2025-07-0323.68x
2025-07-0223.52x
2025-07-0123.56x
2025-06-3023.96x
2025-06-2723.92x
2025-06-2623.71x
2025-06-2523.98x
2025-06-2424.36x
2025-06-2324.03x
2025-06-2023.77x
2025-06-1823.97x
2025-06-1723.99x
2025-06-1623.89x
2025-06-1323.81x

Showing the most recent 260 of 5,032 data points. The chart above shows the full history.

About Iron Mountain Incorporated

Established in 1951, Iron Mountain Incorporated (NYSE: IRM) has become the world's foremost authority in storage and information management solutions. More than 225,000 organizations globally trust Iron Mountain with their critical assets. With an extensive physical infrastructure spanning over 90 million square feet, the company operates approximately 1,450 facilities in around 50 countries. Within this vast network, Iron Mountain safeguards billions of valued items, including vital corporate records, highly confidential digital assets, and invaluable cultural and historical artifacts. Their comprehensive suite of offerings encompasses secure document archiving, robust information governance, digital transformation initiatives, confidential destruction services, along with advanced data centers, cloud computing solutions, and specialized art storage and logistics. These services empower clients to mitigate costs and risks, ensure regulatory compliance, facilitate swift disaster recovery, and enable a more efficient, digital-first operational model.

Portsmouth, NH
28,850 employees
Real Estate / REIT - Specialty
Sector
Real Estate
Industry
REIT - Specialty
CEO
William L. Meaney