IREN Limited Ordinary Shares (IREN) Valuation
Historical valuation analysis based on 500 data points (2024-09-25 to 2026-09-23)
IREN owns data centers powered by renewable energy in Canada and the US for bitcoin mining and AI cloud infrastructure. The company is in the process of converting its existing bitcoin capacity for...
IREN Limited Ordinary Shares (IREN) currently trades at a P/E ratio of 189.32 (historical range: 13.61–317.87, median: 117.94), placing it at the 78th percentile — above its historical average, P/S ratio of 32.85 (range: 2.36–55.16, 78th percentile — above its historical average), EV/EBITDA of 983.05 (range: 91.89–1603.93, 78th percentile).
Over the historical period (2024-09-25 to 2026-09-23), IREN Limited Ordinary Shares's P/E ratio has expanded by 488% over the observed period (from an average of 32.6 to 192.1).
IREN Limited Ordinary Shares trades well above its own historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Min | Median | Max | Percentile | Assessment |
|---|---|---|---|---|---|---|
| P/E Ratio | 189.32 | 13.61 | 117.94 | 317.87 | 78th | above its historical average |
| P/S Ratio | 32.85 | 2.36 | 20.47 | 55.16 | 78th | above its historical average |
| EV/EBITDA | 983.05 | 91.89 | 615.38 | 1603.93 | 78th | above its historical average |
IREN Limited Ordinary Shares (IREN) Valuation & P/E History
IREN Limited Ordinary Shares (IREN) is a US-listed stock operating in the Financial Services sector, specifically the Finance Services industry currently trading at $46.66 with a market capitalization of $18.4 billion. This page provides historical valuation analysis for IREN based on 500 data points covering 2024-09-25 to 2026-09-23. The P/E ratio of 189.32 is above the historical median of 117.94, placing IREN at the 78th percentile of its valuation range. The P/S ratio of 32.85 compares to a median of 20.47.
IREN Valuation Metrics & Historical Range
The valuation table above shows IREN Limited Ordinary Shares's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether IREN is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests IREN is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for IREN Limited Ordinary Shares.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is IREN Overvalued or Undervalued?
IREN Limited Ordinary Shares trades well above its own historical valuation range across most metrics. The overall valuation percentile of 78 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive IREN is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full IREN analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.IREN trades on NYSE. This page is for informational purposes only and is not financial advice.