Iron Mountain (FRA:I5M) Cyclically Adjusted Revenue per Share: €17.50 (As of Mar. 2026)

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FRA:I5M Iron Mountain Inc FRA:I5M
85 GF Score
Price €111.00
GF Value €95.92
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Iron Mountain Cyclically Adjusted Revenue per Share?

Iron Mountain FRA:I5M -1.90% 85 Cyclically Adjusted Revenue per Share is €17.50 as of Mar. 2026. GuruFocus rates FRA:I5M with a GF Score™ of 85/100 and a GF Value™ of €95.92 (Modestly Overvalued). 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 Revenue per Share and 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 for the three months ended in Mar. 2026 was €5.604. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €17.50 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Iron Mountain's average Cyclically Adjusted Revenue Growth Rate was 5.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 2.10% 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 Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Iron Mountain was 10.40% per year. The lowest was 0.10% per year. And the median was 3.30% per year.

As of today (2026-07-29), Iron Mountain's current stock price is €111.00. Iron Mountain's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €17.50. Iron Mountain's Cyclically Adjusted PS Ratio of today is 6.34.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Iron Mountain was 6.84. The lowest was 1.35. And the median was 2.59.


Iron Mountain  (FRA:I5M) Cyclically Adjusted Revenue per Share Explanation

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

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS 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 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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=111.00/17.50
=6.34

* 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 PS Ratio of Iron Mountain was 6.84. The lowest was 1.35. And the median was 2.59.


Be Aware

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


Iron Mountain Cyclically Adjusted Revenue per Share Related Terms


Iron Mountain Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Iron Mountain's Cyclically Adjusted Revenue 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 Revenue per Share Chart

Iron Mountain Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.24 16.66 16.68 17.76 16.52

Iron Mountain Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue 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 17.34 16.37 16.30 16.52 17.50

FRA:I5M vs CCI, SBAC, WY: Cyclically Adjusted Revenue per Share Comparison

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 Cyclically Adjusted PS Ratio vs 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.


FRA:I5M
85GF Score
Iron Mountain Inc FRA:I5M
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Iron Mountain Cyclically Adjusted Revenue 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 Revenue per Share and 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.

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

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue 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 Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

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

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

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=5.604/330.2130*330.2130
=5.604

Current CPI (Mar. 2026) = 330.2130.

Iron Mountain Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.192 241.018 4.373
201609 3.176 241.428 4.344
201612 3.348 241.432 4.579
201703 3.315 243.801 4.490
201706 3.191 244.955 4.302
201709 3.044 246.819 4.072
201712 3.085 246.524 4.132
201803 2.956 249.554 3.911
201806 3.169 251.989 4.153
201809 3.168 252.439 4.144
201812 3.250 251.233 4.272
201903 3.244 254.202 4.214
201906 3.284 256.143 4.234
201909 3.353 256.759 4.312
201912 3.373 256.974 4.334
202003 3.354 258.115 4.291
202006 3.028 257.797 3.879
202009 3.047 260.280 3.866
202012 3.012 260.474 3.818
202103 3.139 264.877 3.913
202106 3.193 271.696 3.881
202109 3.296 274.310 3.968
202112 3.517 278.802 4.166
202203 3.883 287.504 4.460
202206 4.171 296.311 4.648
202209 4.443 296.808 4.943
202212 4.122 296.797 4.586
202303 4.189 301.836 4.583
202306 4.270 305.109 4.621
202309 4.420 307.789 4.742
202312 4.368 306.746 4.702
202403 4.602 312.332 4.865
202406 4.818 314.175 5.064
202409 4.779 315.301 5.005
202412 5.081 315.605 5.316
202503 4.956 319.799 5.117
202506 5.025 322.561 5.144
202509 5.015 324.800 5.099
202512 5.275 324.054 5.375
202603 5.604 330.213 5.604

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

What does a Cyclically Adjusted Revenue per Share of €17.50 mean?
Iron Mountain (FRA:I5M) has a Cyclically Adjusted Revenue per Share of €17.50 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Iron Mountain and its competitors.
Is Iron Mountain's Cyclically Adjusted Revenue per Share too high?
Iron Mountain's current Cyclically Adjusted Revenue per Share is €17.50. Overall, Iron Mountain has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Iron Mountain's Cyclically Adjusted Revenue per Share compare to CCI and SBAC?
Iron Mountain's Cyclically Adjusted Revenue per Share of €17.50 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 Revenue per Share for a REITs company?
A good Cyclically Adjusted Revenue per Share depends on the REITs industry context. However, Cyclically Adjusted Revenue 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 Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Iron Mountain and its competitors. Iron Mountain's current Cyclically Adjusted Revenue per Share is €17.50. 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 (FRA:I5M) is currently considered Modestly Overvalued. The stock's GF Value™ is €95.92, compared to a current price of €111.00 — trading 15.7% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €17.50. Iron Mountain's overall GF Score™ is 85/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Iron Mountain (FRA:I5M), the current Cyclically Adjusted Revenue per Share is €17.50 as of Mar. 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 (FRA:I5M) Overvalued in 2026?

Based on GuruFocus' analysis, Iron Mountain stock appears to be overvalued. The current stock price of €111.00 is trading 15.7% above its estimated GF Value™ of €95.92. GuruFocus considers Iron Mountain to be Modestly Overvalued.

Key valuation signals for FRA:I5M:

  • Cyclically Adjusted Revenue per Share: €17.50
  • GF Value™: €95.92 vs. price of €111.00 (15.7% above fair value)
  • GF Score™: 85/100 with 10 warning signs

No single metric tells the full story. See the FRA:I5M 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:UKI1RM34:Brazil
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.
85GF Score

Get the complete analysis for FRA:I5M

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

€111.00
Price
€95.92
GF Value