IREN Limited (IREN) P/E Ratio History
Historical price-to-earnings valuation from 2025 to 2026
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IREN Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, IREN Limited (IREN) trades at a price-to-earnings ratio of 156.4x, with a stock price of $60.98 and trailing twelve-month earnings per share of $-0.05.
The current P/E is 349% above its 5-year average of 34.8x. Over the past five years, IREN's P/E has ranged from a low of 27.7x to a high of 42.2x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.4x, IREN trades at a 1070% premium to its sector peers. The sector includes 774 companies with P/E ratios ranging from 0.0x to 195.8x.
Relative to the broader market, IREN commands a significant premium over the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our IREN DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
IREN P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $4B | 12.9 | - | +262%Best | |
| $622M | 9.7Lowest | - | +225% | |
| $5.0T | 42.4 | 0.44Best | +67% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
IREN Historical P/E Data (2025–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | Wed Dec 31 2025 00:00:00 GM | $37.77 | $1.09 | 34.7x | -1% |
| FY2026 Q1 | $46.93 | $1.70 | 27.7x | -21% | |
| FY2025 Q4 | Mon Jun 30 2025 00:00:00 GM | $14.57 | $0.35 | 42.2x | +21% |
Average P/E for displayed period: 34.8x
Full IREN Stock Analysis
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Start ComparisonIREN — Frequently Asked Questions
Quick answers to the most common questions about buying IREN stock.
Is IREN stock overvalued or undervalued?
IREN trades at 156.4x P/E, above its 5-year average of 34.8x. The 100th percentile ranking indicates a premium to historical valuation.
How does IREN's valuation compare to peers?
IREN Limited P/E of 156.4x compares to sector median of 13.4x. The premium reflects expected growth above peers.
What is IREN's PEG ratio?
IREN PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2025-2026.