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Iron Mountain (NYSE:IRM) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Iron Mountain Net Cash per Share Related Terms
Iron Mountain Net Cash per Share Historical Data
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The historical data trend for Iron Mountain's Net Cash 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.
IRM vs CCI, SBAC, WY: Net Cash per Share Comparison
For the REIT - Specialty subindustry, Iron Mountain's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs REITs Industry
For the REITs industry and Real Estate sector, Iron Mountain's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Iron Mountain's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Iron Mountain's Net Cash per Share for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (IRM) has a Net Cash per Share of $-77.37 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Iron Mountain and its competitors. According to the industry distribution chart, Iron Mountain ranks #999999 out of 102 companies in the REITs industry.
Is Iron Mountain's Net Cash per Share too high?
Iron Mountain's current Net Cash per Share is $-77.37. Based on the distribution chart, Iron Mountain ranks #999999 out of 102 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Iron Mountain has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Iron Mountain's Net Cash per Share compare to CCI and SBAC?
According to the REITs industry distribution chart, Iron Mountain ranks #999999 out of 102 companies for Net Cash per Share. This places Iron Mountain in the lower half of its industry. The industry median Net Cash per Share is 19.79. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a REITs company?
The median Net Cash per Share among REITs companies is 19.79, based on 102 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash 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 Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Iron Mountain and its competitors. For the REITs industry, the median Net Cash per Share is 19.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iron Mountain's current Net Cash per Share is $-77.37. 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 Fairly Valued. The stock's GF Value™ is $118.48, compared to a current price of $116.86 — trading 1.4% below its estimated fair value. The current Net Cash per Share is $-77.37. Iron Mountain's overall GF Score™ is 85/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Iron Mountain (IRM), the current Net Cash per Share is $-77.37 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 (IRM) Overvalued in 2026?
Based on GuruFocus' analysis, Iron Mountain stock appears to be undervalued.
The current stock price of $116.86 is trading 1.4% below its estimated GF Value™ of $118.48.
GuruFocus considers Iron Mountain to be Fairly Valued.
Key valuation signals for IRM:
Net Cash per Share: $-77.37
GF Value™: $118.48 vs. price of $116.86 (1.4% below fair value)
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
Get the complete analysis for IRM
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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