Iron Mountain Incorporated logo
IRMIron Mountain Incorporated
For REITs like Iron Mountain Incorporated, EV/Sales 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/Sales ratio is 8.15x as of Saturday, June 27, 2026.

EV/EBITDA|P/S Ratio|Revenue|All Metrics
IRM EV/Sales Ratio

IRM EV/Sales Ratio Chart

8.15x
+8.67% 1Y
IRM EV/Sales Ratio

IRM Average EV/Sales Ratio Chart

IRM EV/Sales Ratio

IRM Current vs Average EV/Sales Ratio Chart

IRM EV/Sales Ratio Metrics

EV/SALES RATIO

8.15x

EV/SALES RATIO AVG TTM

7.28x

EV/SALES RATIO AVG 3Y

7.15x

EV/SALES RATIO AVG 5Y

6.56x

EV/SALES RATIO AVG 10Y

5.51x

EV/SALES RATIO AVG 15Y

4.77x

EV/SALES RATIO AVG 20Y

4.33x

CURRENT VS TTM AVG

+11.96%

CURRENT VS 3Y AVG

+14.06%

CURRENT VS 5Y AVG

+24.29%

CURRENT VS 10Y AVG

+47.91%

CURRENT VS 15Y AVG

+71.03%

CURRENT VS 20Y AVG

+88.33%

IRM Competitors' EV/Sales Ratio

NAMEMARKET CAPEV/SALES RATIOTTM3Y5Y
Iron Mountain Incorporated (IRM)$39.40B8.15x7.28x7.15x6.56x
Crown Castle Inc. (CCI)vs ›$36.06B14.41x14.31x12.70x13.67x
Ventas, Inc. (VTR)vs ›$43.29B9.11x8.69x8.00x8.10x
Extra Space Storage Inc. (EXR)vs ›$31.52B13.75x13.14x14.08x15.94x
VICI Properties Inc. (VICI)vs ›$29.29B11.44x12.37x13.13x14.92x
AvalonBay Communities, Inc. (AVB)vs ›$26.97B11.76x11.64x12.48x13.66x
Equity Residential (EQR)vs ›$25.62B11.20x10.82x11.35x12.64x
Public Storage (PSA)vs ›$56.96B13.72x12.63x13.02x14.75x
Realty Income Corporation (O)vs ›$58.86B14.69x14.91x15.23x17.26x
SBA Communications Corporation (SBAC)vs ›$19.49B12.12x13.08x13.82x16.50x

Understanding EV/Sales

Enterprise Value (EV) = Market Cap + Total Debt - Cash

Sales = Total Revenue (TTM)

EV/Sales is commonly used because:

  • It works for unprofitable companies where P/E doesn't apply
  • Revenue is harder to manipulate than earnings
  • It supports comparisons across companies at different profitability stages
  • It is frequently used for software and other revenue-growth-focused companies

Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.

EV/Sales Ratio Formula & Definition

EV/Sales = Enterprise Value / Revenue (TTM)

Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

EV/Sales Ratio FAQ

What is the EV/Sales ratio for Iron Mountain Incorporated (IRM)?
The EV/Sales ratio for IRM stock is 8.15x.
What is the TTM average EV/Sales ratio for Iron Mountain Incorporated (IRM)?
The TTM average EV/Sales ratio for IRM stock is 7.28x.
What is the 3Y average EV/Sales ratio for Iron Mountain Incorporated (IRM)?
The 3Y average EV/Sales ratio for IRM stock is 7.15x.
What is the 5Y average EV/Sales ratio for Iron Mountain Incorporated (IRM)?
The 5Y average EV/Sales ratio for IRM stock is 6.56x.
What is the 10Y average EV/Sales ratio for Iron Mountain Incorporated (IRM)?
The 10Y average EV/Sales ratio for IRM stock is 5.51x.
What is the 15Y average EV/Sales ratio for Iron Mountain Incorporated (IRM)?
The 15Y average EV/Sales ratio for IRM stock is 4.77x.
What is the 20Y average EV/Sales ratio for Iron Mountain Incorporated (IRM)?
The 20Y average EV/Sales ratio for IRM stock is 4.33x.

IRM EV/Sales Ratio History

DATEEV/SALES RATIO
2026-06-268.15x
2026-06-258.09x
2026-06-248.07x
2026-06-238.17x
2026-06-228.13x
2026-06-187.96x
2026-06-177.86x
2026-06-167.97x
2026-06-157.90x
2026-06-127.93x
2026-06-117.85x
2026-06-107.77x
2026-06-097.89x
2026-06-087.78x
2026-06-057.83x
2026-06-048.06x
2026-06-037.96x
2026-06-027.98x
2026-06-017.90x
2026-05-297.98x
2026-05-287.92x
2026-05-277.93x
2026-05-267.98x
2026-05-227.90x
2026-05-217.94x
2026-05-207.88x
2026-05-197.78x
2026-05-187.80x
2026-05-157.85x
2026-05-147.96x
2026-05-137.89x
2026-05-127.89x
2026-05-118.05x
2026-05-088.00x
2026-05-077.92x
2026-05-068.13x
2026-05-058.12x
2026-05-047.98x
2026-05-017.93x
2026-04-307.88x
2026-04-297.69x
2026-04-287.61x
2026-04-277.61x
2026-04-247.75x
2026-04-237.76x
2026-04-227.81x
2026-04-217.83x
2026-04-207.95x
2026-04-177.84x
2026-04-167.83x
2026-04-157.65x
2026-04-147.67x
2026-04-137.57x
2026-04-107.47x
2026-04-097.44x
2026-04-087.36x
2026-04-077.27x
2026-04-067.25x
2026-04-027.20x
2026-04-017.10x
2026-03-317.15x
2026-03-306.96x
2026-03-276.99x
2026-03-267.07x
2026-03-257.08x
2026-03-247.09x
2026-03-237.14x
2026-03-207.04x
2026-03-197.27x
2026-03-187.31x
2026-03-177.40x
2026-03-167.39x
2026-03-137.36x
2026-03-127.38x
2026-03-117.39x
2026-03-107.40x
2026-03-097.37x
2026-03-067.28x
2026-03-057.38x
2026-03-047.40x
2026-03-037.40x
2026-03-027.51x
2026-02-277.42x
2026-02-267.46x
2026-02-257.57x
2026-02-247.63x
2026-02-237.54x
2026-02-207.51x
2026-02-197.41x
2026-02-187.31x
2026-02-177.44x
2026-02-137.49x
2026-02-127.32x
2026-02-117.25x
2026-02-107.21x
2026-02-097.11x
2026-02-067.05x
2026-02-056.75x
2026-02-046.80x
2026-02-036.73x
2026-02-026.77x
2026-01-306.89x
2026-01-296.93x
2026-01-286.89x
2026-01-276.87x
2026-01-266.96x
2026-01-236.95x
2026-01-226.97x
2026-01-216.96x
2026-01-206.90x
2026-01-167.06x
2026-01-156.91x
2026-01-146.86x
2026-01-136.89x
2026-01-126.77x
2026-01-096.76x
2026-01-086.67x
2026-01-076.66x
2026-01-066.56x
2026-01-056.51x
2026-01-026.49x
2025-12-316.48x
2025-12-306.49x
2025-12-296.46x
2025-12-266.43x
2025-12-246.41x
2025-12-236.38x
2025-12-226.39x
2025-12-196.35x
2025-12-186.29x
2025-12-176.32x
2025-12-166.39x
2025-12-156.45x
2025-12-126.49x
2025-12-116.70x
2025-12-106.59x
2025-12-096.57x
2025-12-086.54x
2025-12-056.54x
2025-12-046.57x
2025-12-036.54x
2025-12-026.47x
2025-12-016.47x
2025-11-286.63x
2025-11-266.62x
2025-11-256.60x
2025-11-246.56x
2025-11-216.57x
2025-11-206.48x
2025-11-196.64x
2025-11-186.76x
2025-11-176.73x
2025-11-146.85x
2025-11-136.85x
2025-11-127.16x
2025-11-117.29x
2025-11-107.35x
2025-11-077.43x
2025-11-067.28x
2025-11-057.26x
2025-11-047.47x
2025-11-037.49x
2025-10-317.46x
2025-10-307.38x
2025-10-297.38x
2025-10-287.51x
2025-10-277.62x
2025-10-247.56x
2025-10-237.50x
2025-10-227.50x
2025-10-217.52x
2025-10-207.59x
2025-10-177.53x
2025-10-167.59x
2025-10-157.58x
2025-10-147.47x
2025-10-137.42x
2025-10-107.41x
2025-10-097.55x
2025-10-087.57x
2025-10-077.59x
2025-10-067.61x
2025-10-037.54x
2025-10-027.47x
2025-10-017.42x
2025-09-307.41x
2025-09-297.34x
2025-09-267.36x
2025-09-257.36x
2025-09-247.38x
2025-09-237.51x
2025-09-227.53x
2025-09-197.32x
2025-09-187.27x
2025-09-177.30x
2025-09-167.34x
2025-09-157.31x
2025-09-127.17x
2025-09-117.27x
2025-09-107.20x
2025-09-097.17x
2025-09-086.97x
2025-09-056.96x
2025-09-046.91x
2025-09-036.85x
2025-09-026.84x
2025-08-296.97x
2025-08-286.95x
2025-08-276.95x
2025-08-266.93x
2025-08-256.94x
2025-08-227.04x
2025-08-216.89x
2025-08-206.92x
2025-08-196.93x
2025-08-186.90x
2025-08-156.93x
2025-08-146.93x
2025-08-137.04x
2025-08-126.96x
2025-08-116.84x
2025-08-086.87x
2025-08-076.95x
2025-08-066.86x
2025-08-057.24x
2025-08-047.21x
2025-08-017.18x
2025-07-317.33x
2025-07-307.36x
2025-07-297.43x
2025-07-287.36x
2025-07-257.42x
2025-07-247.40x
2025-07-237.43x
2025-07-227.42x
2025-07-217.39x
2025-07-187.44x
2025-07-177.39x
2025-07-167.37x
2025-07-157.32x
2025-07-147.36x
2025-07-117.36x
2025-07-107.41x
2025-07-097.42x
2025-07-087.44x
2025-07-077.47x
2025-07-037.49x
2025-07-027.44x
2025-07-017.45x
2025-06-307.58x
2025-06-277.56x
2025-06-267.50x
2025-06-257.58x
2025-06-247.70x
2025-06-237.60x
2025-06-207.52x
2025-06-187.58x
2025-06-177.59x
2025-06-167.55x
2025-06-137.53x

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

Related Metrics

EV/EBITDAP/S RatioRevenueAll Metrics

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
www.ironmountain.com
Real Estate / REIT - Specialty
Sector
Real Estate
Industry
REIT - Specialty
CEO
William L. Meaney
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