Iron Mountain (BSP:I1RM34) Cyclically Adjusted Book per Share: R$21.86 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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BSP:I1RM34 Iron Mountain Inc BSP:I1RM34
81 GF Score
Price R$623.10
GF Value R$566.44
Valuation Fairly Valued
! 10 Warning Signs
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What is Iron Mountain Cyclically Adjusted Book per Share?

Iron Mountain BSP:I1RM34 81 Cyclically Adjusted Book per Share is R$21.86 as of Jun. 2026. GuruFocus rates BSP:I1RM34 with a GF Score™ of 81/100 and a GF Value™ of R$566.44 (Fairly Valued). The stock has 10 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Iron Mountain's adjusted book value per share for the three months ended in Jun. 2026 was R$-22.050. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$21.86 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Iron Mountain's average Cyclically Adjusted Book Growth Rate was -16.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -9.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -7.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -6.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Iron Mountain was 14.40% per year. The lowest was -9.50% per year. And the median was -2.50% per year.

As of today (2026-08-15), Iron Mountain's current stock price is R$623.10. Iron Mountain's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$21.86. Iron Mountain's Cyclically Adjusted PB Ratio of today is 28.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Iron Mountain was 33.27. The lowest was 3.13. And the median was 7.07.


Iron Mountain  (BSP:I1RM34) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Iron Mountain's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=623.10/21.86
=28.50

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Iron Mountain was 33.27. The lowest was 3.13. And the median was 7.07.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Iron Mountain Cyclically Adjusted Book per Share Related Terms


Iron Mountain Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Iron Mountain's Cyclically Adjusted Book per Share 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.

Iron Mountain Cyclically Adjusted Book per Share Chart

Iron Mountain Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.09 30.68 26.72 30.02 24.15

Iron Mountain Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share 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 25.06 23.83 24.15 21.55 21.86

BSP:I1RM34 vs CCI, SBAC, WY: Cyclically Adjusted Book per Share Comparison

For the REIT - Specialty subindustry, Iron Mountain's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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 Cyclically Adjusted PB Ratio vs REITs Industry

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

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


BSP:I1RM34
81GF Score
Iron Mountain Inc BSP:I1RM34
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Iron Mountain Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book 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.

For example, Iron Mountain's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-22.05/333.9520*333.9520
=-22.050

Current CPI (Jun. 2026) = 333.9520.

Iron Mountain Quarterly Data

Book Value per Share CPI Adj_Book
201609 26.239 241.428 36.295
201612 24.633 241.432 34.073
201703 22.531 243.801 30.862
201706 23.132 244.955 31.536
201709 21.914 246.819 29.650
201712 26.739 246.524 36.222
201803 25.915 249.554 34.679
201806 27.099 251.989 35.913
201809 27.811 252.439 36.791
201812 25.242 251.233 33.553
201903 23.559 254.202 30.950
201906 22.267 256.143 29.031
201909 21.676 256.759 28.193
201912 20.915 256.974 27.180
202003 19.072 258.115 24.676
202006 18.444 257.797 23.892
202009 17.566 260.280 22.538
202012 20.287 260.474 26.010
202103 18.731 264.877 23.616
202106 19.939 271.696 24.508
202109 17.756 274.310 21.617
202112 16.705 278.802 20.009
202203 12.978 287.504 15.075
202206 11.234 296.311 12.661
202209 9.546 296.808 10.741
202212 11.483 296.797 12.921
202303 9.744 301.836 10.781
202306 6.923 305.109 7.577
202309 4.441 307.789 4.818
202312 3.550 306.746 3.865
202403 0.315 312.332 0.337
202406 -2.440 314.175 -2.594
202409 -4.888 315.301 -5.177
202412 -10.455 315.605 -11.063
202503 -13.636 319.799 -14.239
202506 -14.414 322.561 -14.923
202509 -16.006 324.800 -16.457
202512 -18.094 324.054 -18.647
202603 -21.360 330.213 -21.602
202606 -22.050 333.952 -22.050

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of R$21.86 mean?
Iron Mountain (BSP:I1RM34) has a Cyclically Adjusted Book per Share of R$21.86 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Iron Mountain and its competitors.
Is Iron Mountain's Cyclically Adjusted Book per Share too high?
Iron Mountain's current Cyclically Adjusted Book per Share is R$21.86. Overall, Iron Mountain has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Iron Mountain's Cyclically Adjusted Book per Share compare to CCI and SBAC?
Iron Mountain's Cyclically Adjusted Book per Share of R$21.86 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a REITs company?
A good Cyclically Adjusted Book per Share depends on the REITs industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Iron Mountain and its competitors. Iron Mountain's current Cyclically Adjusted Book per Share is R$21.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iron Mountain stock overvalued right now?
Based on GuruFocus' analysis, Iron Mountain (BSP:I1RM34) is currently considered Fairly Valued. The stock's GF Value™ is R$566.44, compared to a current price of R$623.10 — trading 10% above its estimated fair value. The current Cyclically Adjusted Book per Share is R$21.86. Iron Mountain's overall GF Score™ is 81/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Iron Mountain (BSP:I1RM34), the current Cyclically Adjusted Book per Share is R$21.86 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Iron Mountain (BSP:I1RM34) Overvalued in 2026?

Based on GuruFocus' analysis, Iron Mountain stock appears to be overvalued. The current stock price of R$623.10 is trading 10% above its estimated GF Value™ of R$566.44. GuruFocus considers Iron Mountain to be Fairly Valued.

Key valuation signals for BSP:I1RM34:

  • Cyclically Adjusted Book per Share: R$21.86
  • GF Value™: R$566.44 vs. price of R$623.10 (10% above fair value)
  • GF Score™: 81/100 with 10 warning signs

No single metric tells the full story. See the BSP:I1RM34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Iron Mountain Business Description

Industry Real EstateREITs
Other Exchanges IRM:USA0JDP:UKI5M:Germany
Address 85 New Hampshire Avenue, Suite 150, Portsmouth, NH, USA, 03801
Iron Mountain Inc is an information management services provider organized and operated as a real estate investment trust. The company offers solutions to its clients to address their information management, digital transformation, information security, data center, and asset lifecycle management (ALM) needs. Its customers come from various industries, including commercial, legal, financial, healthcare, technology, etc. The company has two reportable segments: Global Records and Information Management (Global RIM) and Global Data Center. Maximum revenue is generated from the Global RIM segment, which offers data and records management, secure shredding, consumer storage, and other related services. Geographically, the company generates maximum revenue from the United States.
81GF Score

Get the complete analysis for BSP:I1RM34

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$623.10
Price
R$566.44
GF Value