IREN Limited (IREN) P/E Ratio History
Historical price-to-earnings valuation from 2025 to 2026
Loading P/E history...
Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of March 3, 2026, IREN Limited (IREN) trades at a price-to-earnings ratio of 105.0x, with a stock price of $40.95 and trailing twelve-month earnings per share of $-0.05.
The current P/E is 201% 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 13.8x, IREN trades at a 662% premium to its sector peers. The sector includes 789 companies with P/E ratios ranging from 0.0x to 196.2x.
Relative to the broader market, IREN commands a significant premium over the S&P 500 median P/E of 26.2x. 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.
Peer Comparison
P/E metrics vs. Bitcoin Mining and Data Centers peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
IRENIREN Limited | $14B | 105.0 | -Best | +234% |
BMNRBitmine Immersion Technologies, Inc. | $8B | 1.4 | -Best | +87774%Best |
RIOTRiot Platforms, Inc. | $6B | 47.9 | -Best | +221% |
BTBTBit Digital, Inc. | $538M | 8.3 | -Best | +225% |
FUFUBitFuFu Inc. | $387M | 7.2 | -Best | - |
ABTCAmerican Bitcoin Corp | $199M | 2.2 | -Best | +978% |
CLSKWCleanSpark, Inc. | $89M | 0.3Lowest | -Best | +262% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
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
See IREN's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs IREN Undervalued?
See our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare IREN vs JPM
See how IREN stacks up against sector leader JPMorgan Chase & Co..
Start ComparisonFrequently Asked Questions
Is IREN stock overvalued or undervalued?
IREN trades at 105.0x 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 105.0x compares to sector median of 13.8x. 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.