Iron MountainIRM -1.86%85 Piotroski F-Score is 6 as of Jun. 24, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates IRM with a GF Score™ of 85/100 and a GF Value™ of $107.45 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 888 REITs companies, Iron Mountain ranks better than 73.65% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Iron Mountain has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Iron Mountain's Piotroski F-Score or its related term are showing as below:
IRM'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 6
During the past 13 years, the highest Piotroski F-Score of Iron Mountain was 7. The lowest was 3. And the median was 5.
Iron Mountain (NYSE:IRM) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Iron Mountain Piotroski F-Score Related Terms
Iron Mountain Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Iron Mountain's Piotroski F-Score 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.
IRM vs CCI, SBAC, WY: Piotroski F-Score Comparison
For the REIT - Specialty subindustry, Iron Mountain's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs REITs Industry
For the REITs industry and Real Estate sector, Iron Mountain's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Iron Mountain's Piotroski F-Score falls into.
* 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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was -44.921 + 84.29 + 89.27 + 143.665 = $272 Mil. Cash Flow from Operations was 375.126 + 267.576 + 499.998 + 338.55 = $1,481 Mil. Revenue was 1711.948 + 1754.093 + 1843.167 + 1936.149 = $7,245 Mil. Gross Profit was 957.111 + 962.154 + 1020.667 + 1046.346 = $3,986 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(19362.087 + 20176.789 + 20632.853 + 21125.019 + 21486.815) / 5 = $20556.7126 Mil. Total Assets at the begining of this year (Mar25) was $19,362 Mil. Long-Term Debt & Capital Lease Obligation was $19,168 Mil. Total Current Assets was $2,043 Mil. Total Current Liabilities was $2,658 Mil.
Net Income was 35.783 + -33.62 + 103.932 + 15.952 = $122 Mil.
Revenue was 1534.409 + 1557.358 + 1581.279 + 1592.529 = $6,266 Mil. Gross Profit was 858.438 + 878.968 + 892.346 + 882.325 = $3,512 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(17829.556 + 17966.934 + 18469.629 + 18717.115 + 19362.087) / 5 = $18469.0642 Mil. Total Assets at the begining of last year (Mar24) was $17,830 Mil. Long-Term Debt & Capital Lease Obligation was $16,402 Mil. Total Current Assets was $1,750 Mil. Total Current Liabilities was $2,841 Mil.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Iron Mountain's current Net Income (TTM) was 272.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Iron Mountain's return on assets of this year was 0.01406377. Iron Mountain's return on assets of last year was 0.00684521.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Iron Mountain's gearing of this year was 0.93243309. Iron Mountain's gearing of last year was 0.8880555.
==> Last year is lower than this year ==> Score 0.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Iron Mountain's current ratio of this year was 0.76878904. Iron Mountain's current ratio of last year was 0.61612701.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Iron Mountain's number of shares in issue this year was 298.834. Iron Mountain's number of shares in issue last year was 297.26.
==> There is larger number of shares in issue this year. ==> Score 0.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Iron Mountain's gross margin of this year was 0.55018379. Iron Mountain's gross margin of last year was 0.56053547.
==> Last year's gross margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Iron Mountain's asset turnover of this year was 0.37420331. Iron Mountain's asset turnover of last year was 0.35141509.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Iron Mountain has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Iron Mountain (IRM) has a Piotroski F-Score of 6 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Iron Mountain and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Iron Mountain's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Iron Mountain ranks #234 out of 888 companies in the REITs industry, placing it in the top 26.4%.
Is Iron Mountain's Piotroski F-Score too high?
Iron Mountain's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The REITs industry median Piotroski F-Score is 6.00. Iron Mountain's value of 6 is 0% at this industry median. Based on the distribution chart, Iron Mountain ranks #234 out of 888 companies in the REITs industry, which is above the industry midpoint. 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 Piotroski F-Score compare to CCI and SBAC?
According to the REITs industry distribution chart, Iron Mountain ranks #234 out of 888 companies for Piotroski F-Score. This puts Iron Mountain in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Iron Mountain's value of 6 is 0% at this benchmark. Historically, Iron Mountain's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Iron Mountain has consistently been at the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 888 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Iron Mountain's current Piotroski F-Score of 6 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Iron Mountain and its competitors. For the REITs industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iron Mountain's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. 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 (IRM) is currently considered Modestly Overvalued. The stock's GF Value™ is $107.45, compared to a current price of $130.59 — trading 21.5% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 0% at the REITs industry median of 6.00. 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 Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Iron Mountain (IRM), the current Piotroski F-Score is 6 as of Jun. 24, 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 (IRM) Overvalued in 2026?
Based on GuruFocus' analysis, Iron Mountain stock appears to be overvalued.
The current stock price of $130.59 is trading 21.5% above its estimated GF Value™ of $107.45.
GuruFocus considers Iron Mountain to be Modestly Overvalued.
Key valuation signals for IRM:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: $107.45 vs. price of $130.59 (21.5% above fair value)
Industry Position: 0% at the REITs median (#234 of 888)
No single metric tells the full story. See the IRM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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