Iron MountainIRM +1.70%85 Return-on-Tangible-Asset is 3.89% as of Mar. 2026, which is 6% above its 10-year median of 3.67. GuruFocus rates IRM with a GF Score™ of 85/100 and a GF Value™ of $108.02 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 936 REITs companies, Iron Mountain ranks worse than 63.25% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Iron Mountain's annualizedNet Income for the quarter that ended in Mar. 2026 was $575 Mil. Iron Mountain's average total tangible assets for the quarter that ended in Mar. 2026 was $14,775 Mil. Therefore, Iron Mountain's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.89%.
The historical rank and industry rank for Iron Mountain's Return-on-Tangible-Asset or its related term are showing as below:
IRM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.07 Med: 3.67 Max: 6.21
Current: 1.94
During the past 13 years, Iron Mountain's highest Return-on-Tangible-Asset was 6.21%. The lowest was 1.07%. And the median was 3.67%.
IRM's Return-on-Tangible-Asset is ranked worse than 63.25% of 936
companies
in the REITs industry
Industry Median: 3.25
vs IRM: 1.94
Iron Mountain (NYSE:IRM) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Iron Mountain Return-on-Tangible-Asset Related Terms
Iron Mountain Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Iron Mountain's Return-on-Tangible-Asset 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: Return-on-Tangible-Asset Comparison
For the REIT - Specialty subindustry, Iron Mountain's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Iron Mountain's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Iron Mountain's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.89% mean?
Iron Mountain (IRM) has a Return-on-Tangible-Asset of 3.89% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Iron Mountain and its competitors. This is near median its historical median of 3.67. Over the past decade, Iron Mountain's Return-on-Tangible-Asset has ranged from 1.07 to 6.21. According to the industry distribution chart, Iron Mountain ranks #592 out of 936 companies in the REITs industry, placing it in the top 63.2%.
Is Iron Mountain's Return-on-Tangible-Asset too high?
Iron Mountain's current Return-on-Tangible-Asset of 3.89% is near median its 10-year median of 3.67. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 6.21. The REITs industry median Return-on-Tangible-Asset is 3.25. Iron Mountain's value of 3.89% is 19.7% above this industry median. Based on the distribution chart, Iron Mountain ranks #592 out of 936 companies in the REITs industry, which is below 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 Return-on-Tangible-Asset compare to CCI and SBAC?
According to the REITs industry distribution chart, Iron Mountain ranks #592 out of 936 companies for Return-on-Tangible-Asset. This places Iron Mountain in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.25. Iron Mountain's value of 3.89% is 19.7% above this benchmark. Historically, Iron Mountain's own Return-on-Tangible-Asset has ranged from 1.07 to 6.21 over the past decade. While the company's 10-year median is 3.67 vs. the industry median of 3.25, Iron Mountain has consistently been above 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 Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.25, based on 936 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Iron Mountain's current Return-on-Tangible-Asset of 3.89% is 19.7% above 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Iron Mountain and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iron Mountain's current Return-on-Tangible-Asset is 3.89%, which is near median its own 10-year median of 3.67. 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 $108.02, compared to a current price of $121.51 — trading 12.5% above its estimated fair value. The current Return-on-Tangible-Asset is 3.89%, which is near median its 10-year median of 3.67 and 19.7% above the REITs industry median of 3.25. Iron Mountain's overall GF Score™ is 85/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Iron Mountain (IRM), the current Return-on-Tangible-Asset is 3.89% 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 (IRM) Overvalued in 2026?
Based on GuruFocus' analysis, Iron Mountain stock appears to be overvalued.
The current stock price of $121.51 is trading 12.5% above its estimated GF Value™ of $108.02.
GuruFocus considers Iron Mountain to be Modestly Overvalued.
Key valuation signals for IRM:
Return-on-Tangible-Asset: 3.89% (near median its 10-year median of 3.67)
GF Value™: $108.02 vs. price of $121.51 (12.5% above fair value)
Industry Position: 19.7% above the REITs median (#592 of 936)
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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