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Iron Mountain (Iron Mountain) Cyclically Adjusted PS Ratio : 4.26 (As of Apr. 27, 2024)


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What is Iron Mountain Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Iron Mountain's current share price is $77.52. Iron Mountain's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $18.20. Iron Mountain's Cyclically Adjusted PS Ratio for today is 4.26.

The historical rank and industry rank for Iron Mountain's Cyclically Adjusted PS Ratio or its related term are showing as below:

IRM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.35   Med: 2.18   Max: 4.47
Current: 4.24

During the past years, Iron Mountain's highest Cyclically Adjusted PS Ratio was 4.47. The lowest was 1.35. And the median was 2.18.

IRM's Cyclically Adjusted PS Ratio is ranked better than
56.53% of 490 companies
in the REITs industry
Industry Median: 4.995 vs IRM: 4.24

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Iron Mountain's adjusted revenue per share data for the three months ended in Dec. 2023 was $4.813. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $18.20 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Iron Mountain Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Iron Mountain's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Iron Mountain Cyclically Adjusted PS Ratio Chart

Iron Mountain Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.94 1.81 3.05 2.80 3.84

Iron Mountain Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.80 2.93 3.12 3.25 3.84

Competitive Comparison of Iron Mountain's Cyclically Adjusted PS Ratio

For the REIT - Specialty subindustry, Iron Mountain's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Iron Mountain's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Iron Mountain's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Iron Mountain's Cyclically Adjusted PS Ratio falls into.



Iron Mountain Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Iron Mountain's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=77.52/18.2
=4.26

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Iron Mountain's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Iron Mountain's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=4.813/129.4194*129.4194
=4.813

Current CPI (Dec. 2023) = 129.4194.

Iron Mountain Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 3.989 99.695 5.178
201406 4.066 100.560 5.233
201409 4.016 100.428 5.175
201412 3.786 99.070 4.946
201503 3.530 99.621 4.586
201506 3.582 100.684 4.604
201509 3.523 100.392 4.542
201512 3.545 99.792 4.597
201603 3.533 100.470 4.551
201606 3.587 101.688 4.565
201609 3.565 101.861 4.530
201612 3.532 101.863 4.488
201703 3.545 102.862 4.460
201706 3.585 103.349 4.489
201709 3.628 104.136 4.509
201712 3.651 104.011 4.543
201803 3.645 105.290 4.480
201806 3.702 106.317 4.506
201809 3.697 106.507 4.492
201812 3.698 105.998 4.515
201903 3.666 107.251 4.424
201906 3.711 108.070 4.444
201909 3.692 108.329 4.411
201912 3.747 108.420 4.473
202003 3.706 108.902 4.404
202006 3.410 108.767 4.057
202009 3.589 109.815 4.230
202012 3.665 109.897 4.316
202103 3.737 111.754 4.328
202106 3.847 114.631 4.343
202109 3.877 115.734 4.335
202112 3.974 117.630 4.372
202203 4.276 121.301 4.562
202206 4.409 125.017 4.564
202209 4.399 125.227 4.546
202212 4.367 125.222 4.513
202303 4.485 127.348 4.558
202306 4.626 128.729 4.651
202309 4.717 129.860 4.701
202312 4.813 129.419 4.813

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Iron Mountain  (NYSE:IRM) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Iron Mountain Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Iron Mountain's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Iron Mountain (Iron Mountain) Business Description

Industry
Traded in Other Exchanges
Address
85 New Hampshire Avenue, Suite 150, Portsmouth, NH, USA, 03801
Iron Mountain Inc is a record management services provider. The firm is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.
Executives
William L Meaney director, officer: President and CEO C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Deborah Marson officer: EVP, General Counsel, Sec. C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Robin Matlock director C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Mark Kidd officer: SVP, GM Data Centers C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Wing Cheung Hwang officer: EVP&GM, Data Centers C/O IRON MOUNTAIN INC., 85 NEW HAMPSHIRE AVE, SUITE 150, PORTSMOUTH NH 03801
John Tomovcsik officer: EVP, G. Mgr., Rec. & Inf. Mgmt C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Edward Baker-greene officer: EVP, CHRO 601 MERRITT 7, NORWALK CT 06851
Wendy J. Murdock director 1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Samuels Theodore R. Ii director 1990 E. GRAND AVE., EL SEGUNDO CA 90245
Barry Hytinen officer: EVP & CFO 1000 TEMPUR WAY, LEXINGTON KY 40502
Daniel Borges officer: VP & Chief Accounting Officer C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Walter C Rakowich director 14100 E 35TH PL, AURORA CO 80011
Jennifer Allerton director C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Greg W Mcintosh officer: EVP, Strategic Accounts C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Deirdre Evens officer: EVP and Chief of Operations 10 STILLMEADOW WAY, FRAMINGHAM MA 01702

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