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IRENIREN -1.69%67 EV-to-OCF is 42.60 as of Aug. 22, 2026, which is 270% above its 10-year median of 11.52. GuruFocus rates IREN with a GF Score™ of 67/100 and a GF Value™ of $15.46 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 810 Capital Markets companies, IREN ranks worse than 92.84% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, IREN's Enterprise Value is $16,718.7 Mil.
IREN's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $392.5 Mil. Therefore, IREN's EV-to-OCF for today is 42.60.
The historical rank and industry rank for IREN's EV-to-OCF or its related term are showing as below:
IREN'
s EV-to-OCF Range Over the Past 10 Years
Min: -30.42 Med: 11.52 Max: 237.41
Current: 42.6
During the past 6 years, the highest EV-to-OCF of IREN was 237.41. The lowest was -30.42. And the median was 11.52.
IREN's EV-to-OCF is ranked worse than 92.84% of 810
companies
in the Capital Markets industry
Industry Median: -0.405
vs IREN: 42.60
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-08-22), IREN's stock price is $41.88.
IREN's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $0.505. Therefore, IREN's PE Ratio (TTM) for today is 82.93.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
IREN's share price for today is $41.88.
IREN's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.505.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
IREN EV-to-OCF Related Terms
IREN EV-to-OCF Historical Data
* Premium members only.
The historical data trend for IREN's EV-to-OCF 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.
For the Capital Markets subindustry, IREN's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
IREN EV-to-OCF vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, IREN's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where IREN's EV-to-OCF falls into.
IREN's current Enterprise Value is $16,718.7 Mil.
IREN's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $392.5 Mil.
* 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.
IREN (IREN) has a EV-to-OCF of 42.60 as of Aug. 22, 2026. This is 270% above median its historical median of 11.52. According to the industry distribution chart, IREN ranks #752 out of 810 companies in the Capital Markets industry, placing it in the top 92.8%.
Is IREN's EV-to-OCF too high?
IREN's current EV-to-OCF of 42.60 is 270% above median its 10-year median of 11.52. Based on the distribution chart, IREN ranks #752 out of 810 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, IREN has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IREN's EV-to-OCF compare to EVR and JEF?
According to the Capital Markets industry distribution chart, IREN ranks #752 out of 810 companies for EV-to-OCF. This places IREN in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Capital Markets company?
A good EV-to-OCF depends on the Capital Markets industry context. However, EV-to-OCF 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. IREN's current EV-to-OCF is 42.60, which is 270% above median its own 10-year median of 11.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IREN stock overvalued right now?
Based on GuruFocus' analysis, IREN (IREN) is currently considered Significantly Overvalued. The stock's GF Value™ is $15.46, compared to a current price of $41.88 — trading 170.9% above its estimated fair value. The current EV-to-OCF is 42.60, which is 270% above median its 10-year median of 11.52. IREN's overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For IREN (IREN), the current EV-to-OCF is 42.60 as of Aug. 22, 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 IREN (IREN) Overvalued in 2026?
Based on GuruFocus' analysis, IREN stock appears to be overvalued.
The current stock price of $41.88 is trading 170.9% above its estimated GF Value™ of $15.46.
GuruFocus considers IREN to be Significantly Overvalued.
Key valuation signals for IREN:
EV-to-OCF: 42.60 (270% above median its 10-year median of 11.52)
GF Value™: $15.46 vs. price of $41.88 (170.9% above fair value)
No single metric tells the full story. See the IREN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 AI purposes and securing new power and land supply to expand its data center operation. IREN works closely with industry leaders in AI, such as Microsoft, to support their cloud infrastructure ambitions.
67GF Score
Get the complete analysis for IREN
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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