Iron Mountain Incorporated (IRM) Fair Value 2026

IRM · REIT - Specialty ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

6.7 /10

32 fundamental signals · 6 models active

Value Trap Risk

SAFE (18/100)

Quick Summary — As of 2026-08-28, Iron Mountain Incorporated (IRM) trades at $117.40, versus a $55.00 median fair value across its 6 active models — 53.1% below the current price. QOC: 6.7/10. Value Trap Risk: 18/100 (SAFE). 6/13 models active.

Key Facts

Ticker
IRM
Price
$117.40
Quality Score
6.7/10
Value Trap Risk
18/100
Models Active
6/13
Last Updated
Strength: 6 independent models provide multi-angle coverage
Risk: Majority of models suggest overvaluation

Is Iron Mountain Incorporated (IRM) Undervalued or Overvalued in 2026?

According to CirclFi’s 6-model valuation engine, Iron Mountain Incorporated (IRM) appears overvalued as of : the median of 6 independent fair value estimates is $55.00, 53.1% below the current price of $117.40. Estimates range from $24.51 to $73.95. IRM scores 6.7/10 on fundamental quality and 18/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.4% versus its own 13-model consensus, across 3,809 rated companies as of 2026-08-28. IRM’s -53.1% gap is wider than that market norm, and the REIT - Specialty sector median is -28.7%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Iron Mountain Incorporated Stock in 2026? →

What Fair Value Does Each Model Give IRM?

6 Intrinsic Value Models vs. Current Price ($117.40)

Core Models (Unlocked)
Model Fair Value Upside
Ensemble · Medium Conviction
 $55.58 -52.7%
Intrinsic · High Conviction
 $54.43 -53.6%
Relative · Medium Conviction
 $69.44 -40.9%
Unlock the Full Matrix

Access 3 additional models including PWERM, Sentiment SOTP, and more.

$1.30 / day

Billed monthly ($39/mo) or annually ($299/yr)

Unlock All 6 Models →

Cancel anytime · No contracts · Instant access

What Is IRM's Fair Value Range?

Spread across 6 independent models · $24.51 to $73.95

CirclFi's 6 active models place Iron Mountain Incorporated (IRM) between $24.51 and $73.95 per share, a spread of 90% of the median. The median of that range — $55.00 — is the fair value CirclFi publishes for IRM, against a current price of $117.40.

Low · PWERMHigh · FTNN
$24.51median $55.00$73.95
Where the range comes from
Most bearish modelPWERM$24.51
Most bullish modelFTNN Topology$73.95
Model agreement0 bullish · 6 bearishmoderate

A band of this width is typical. The methods agree on direction but weight growth, reinvestment and risk differently, so treat the median as a centre of gravity rather than a precise target.

Every figure above is one model's standalone output on IRM, not a CirclFi price target. How each model works →

What Is Iron Mountain Incorporated (IRM) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Iron Mountain Incorporated's intrinsic value is estimated at $55.00. Trading at its current price of $117.40, the valuation engine raises significant caution: 6 of 6 models flag downside risk, projecting a median implied return of -53.1%. Notably, FTNN sees the most upside at -37.0% (fair value: $73.95), while PWERM is the most conservative at -79.1% ($24.51). The spread between these extremes — +42.1% — reveals how different analytical frameworks can reach starkly different conclusions.

What Do the Models Say About IRM?

6 of 13 models are currently active for IRM. All 6 active models suggest the stock trades above fair value. Taken together, their median fair value for IRM is $55.00 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does IRM Rank in REIT - Specialty?

Among 20 REIT - Specialty stocks, IRM ranks #16 by Quality of Company score. CirclFi's QOC score of 6.7/10 evaluates 32 fundamental signals. A score of 6.7 indicates above-average quality.

The REIT - Specialty sector introduces analytical considerations specific to REIT businesses. For Iron Mountain Incorporated, metrics like same-property NOI growth provide important context that general-purpose valuation models may underweight.

Is IRM a Value Trap?

CirclFi's Value Trap algorithm assigns IRM a score of 18/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

6 of 13 models are active for Iron Mountain Incorporated. Moderate coverage provides meaningful perspective. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Quality of Company (QOC) framework, Iron Mountain Incorporated earns a quality score of 6.7/10. This respectable rating reflects the company's standing across 32 fundamental signals spanning profitability, growth consistency, balance sheet strength, and capital allocation efficiency.

The gap between the most bullish and bearish model spans +42.1% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every IRM valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across IRM's 6 active models, average confidence is 40%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Iron Mountain Incorporated Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar REIT - Specialty Stocks Should You Also Analyze?

10 related REIT - Specialty stocks with 13-model coverage

CCICrown Castle Inc.QOC 6.9UNITUniti Group Inc.QOC 6.6WYWeyerhaeuser CompanyQOC 6.9PWPower REITQOC 6.1OUTOUTFRONT Media Inc.QOC 7.4FRMIFermi Inc.QOC 3.6NLCPNewLake Capital Partners, Inc.QOC 8.7EPREPR PropertiesQOC 8.2LANDGladstone Land CorporationQOC 7.4SELFGlobal Self Storage, Inc.QOC 8.7

Read investment analysis: CCI · UNIT · WY · PW · OUT · FRMI · NLCP · EPR · LAND · SELF

Which Other Stocks Have a Similar Quality Score to IRM?

7 companies across all industries closest to IRM’s Quality of Company score of 6.7/10.

EVCEntravision Communications CorporationQOC 6.7RCELAVITA Medical, Inc.QOC 6.7THRYThryv Holdings, Inc.QOC 6.7NEWTNewtekOne, Inc.QOC 6.7OUSTOuster, Inc.QOC 6.7DSNYDestiny Media Technologies Inc.QOC 6.7NVDANVIDIA CorporationQOC 10.0

Read investment analysis: EVC · RCEL · THRY · NEWT · OUST · DSNY · NVDA

What Else Do Investors Ask About Iron Mountain Incorporated’s Valuation?

What is Iron Mountain Incorporated's intrinsic value in 2026?

CirclFi puts Iron Mountain Incorporated (IRM)'s intrinsic value at $55.00 — the median of 6 independent model estimates as of 2026-08-28, ranging from $24.51 to $73.95. The Quality of Company score is 6.7/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is IRM overvalued or undervalued right now?

At $117.40, 0 of 6 active models suggest IRM may be undervalued, while 6 indicate potential overvaluation. The median of all 6 fair value estimates is $55.00, 53.1% below the current price of $117.40 — a consensus view that IRM is overvalued. The assessment depends on which methodology best fits Iron Mountain Incorporated's business model in REIT - Specialty.

What does a Quality of Company score of 6.7 mean for IRM?

Iron Mountain Incorporated's QOC of 6.7/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores between 5-7 reflect moderate fundamentals with areas for improvement.

How many valuation models does CirclFi run on IRM?

CirclFi analyzes IRM with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 6 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on IRM?

Of the 6 models currently active on IRM, FTNN Topology is the most bullish at $73.95 per share, and PWERM is the most bearish at $24.51. CirclFi's published fair value for IRM is the median of that range, $55.00, not either extreme. The gap between the two ends equals 90% of the median — a normal spread for a company of this profile. Browse stocks by value-trap risk →

Is IRM a value trap in 2026?

Iron Mountain Incorporated's Value Trap score is 18/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 6-model valuation engine, Iron Mountain Incorporated (IRM) has a median fair value of $55.00 — 53.1% below the current price of $117.40 — as of 2026-08-28.” Source: circlfi.com/stock/IRM/ · Methodology
Primary sources for this IRM valuation
  • Financial statements: Iron Mountain Incorporated 10-K and 10-Q filings on SEC EDGAR (CIK 0001020569) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for IRM as of ; valuations recomputed .

You’ve done the research. Don’t stop at half the picture.

Stop collecting opinions. Let 6 mathematical frameworks give you clarity on IRM.

Unlock All 6 Fair Values — $39/mo

Cancel anytime · Less than a cup of coffee · Instant access

3 models hidden for IRM Unlock All 6 — $39/mo