What is Iron Mountain Incorporated (IRM) DCF Fair Value and Intrinsic Value in 2026?

Iron Mountain Incorporated (IRM) intrinsic value is calculated using conservative multi-stage Discounted Cash Flow (DCF) models, 5-year free cash flow trajectories, Graham Numbers, and owner earnings multiples. LocalAlpha tracks real-time margin of safety against live market prices.

What is Iron Mountain Incorporated's historical Return on Invested Capital (ROIC) and Moat Rating?

Iron Mountain Incorporated operates in the Real Estate sector (REIT - Specialty) with an economic moat rating of NARROW. LocalAlpha tracks 5-year audited quarterly ROIC, operating margin stability, and balance sheet solvency ratios.

What is Iron Mountain Incorporated's financial health rating and Piotroski F-Score?

Iron Mountain Incorporated's balance sheet quality is evaluated using the 9-point Piotroski F-Score, Altman Z-Score solvency model, debt-to-equity ratio, and quick/current liquidity coverage to guard against financial distress.

How does LocalAlpha monitor Iron Mountain Incorporated (IRM) for quarterly SEC filing thesis breaks?

LocalAlpha audits Iron Mountain Incorporated's 10-K, 10-Q, and 8-K regulatory filings on SEC EDGAR within 15 minutes of release. If reported metrics breach an investor's custom ROIC floor, operating margin boundary, or qualitative risk criteria, an autonomous breach audit is dispatched immediately.

StocksIRM

IRM

Iron Mountain Incorporated (DelReal Estate / REIT - SpecialtyINTACT

Iron Mountain Incorporated is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds. Our broad range of solutions address their information management, digital transformation, information security, data center and asset lifecycle management needs. Iron Mountain Incorporated is based in Portsmouth, New Hampshire. Iron Mountain Incorporated was founded in 1951 and is incorporated in Delaware and is based in Portsmouth, New Hampshire.

Share Price

$115.11

52W: $77.77 - $134.68

DCF Fair Value

$0.00

0% Premium

Thesis Hub

P/E (TTM)

81.6x

ROIC

14.3%

Operating Margin

19.1%

FCF Yield

-1.3%

Debt / Equity

0.65x

Piotroski Score

5/9

Altman Z-Score

2.13

Market Cap

$34.3B

Price vs. Intrinsic Value Corridor

Fair Value Range

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)

—()

Period Range

$— - $—

Valuation Overlays:0 Revised Graham ($29.47)

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price

$115.11

DCF Fair Value

$0.00

-100% Premium

Starting Free Cash Flow ($M)$100M

$100M$-436M (Reported)$50,000M

Stage 1 Growth (Years 1-5)9.5%

-5%10% (Target)35%

Stage 2 Growth (Years 6-10)4.5%

0%5%20%

Discount Rate (WACC / Hurdle)9.0%

6%9% (Standard)15% (High Risk)

Terminal Perpetual Growth2.5%

1% (GDP Floor)2.5% (Inflation)4.0%

Net Debt ($M)$19,700M

-$100B CashBalance Sheet+$150B Debt

10-Yr PV of Cash Flows

$1.0B

PV of Terminal Value

$1.3B

Implied Enterprise Value

$2.3B

Implied Equity Value

$-17.4B

Year	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yr 6	Yr 7	Yr 8	Yr 9	Yr 10
Projected FCF ($M)	$110	$120	$131	$144	$157	$165	$172	$180	$188	$196
Present Value (PV)	$100	$101	$101	$102	$102	$98	$94	$90	$86	$83

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number

N/A

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

Not calculable here: the formula takes a square root of EPS × book value, so it breaks down when trailing earnings (or book value) are negative. A company losing money has no defensive-investor price under Graham's classic test — lean on the DCF and solvency scores instead.

EPS: $1.41BVPS: $-4.30

Revised Graham Formula-290.6% Premium

$29.47

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Growth Rate (g%)

Bond Yield (Y%)

Buffett Owner Earnings-1.2% Yield

$-1.39 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $-0.4BYield: -1.2%

Reverse DCF: Market Growth Expectation

EXTREMELY LOW BARRIER

0.0% CAGR (Next 10 Yrs)

At the current price of $115.11, the market is assuming the business will compound Free Cash Flow at 0.0% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict

✓ Low market hurdle: Easy for a wide-moat compounder to beat.

Autonomous Thesis Underwriting

Surveil IRM with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for Iron Mountain Incorporated (Del. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 19.1% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

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Frequently Asked Questions: Iron Mountain Incorporated (Del (IRM) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for Iron Mountain Incorporated (Del.

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, Iron Mountain Incorporated (Del has an estimated DCF intrinsic fair value of $0.00 per share compared to its current market price of $115.11. This represents an estimated 0.0% margin of safety (trading below fair value). Additionally, its classic Benjamin Graham Number stands at $N/A.