IREN Limited (IREN) P/E Ratio History
ExpensiveTrading at 102.1x vs 5Y avg 34.8x · 100th percentile · Material premium to history · Data 2025–2026
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P/E Ratio Analysis
As of July 8, 2026, IREN Limited (IREN) trades at a price-to-earnings ratio of 102.1x, with a stock price of $39.81 and trailing twelve-month earnings per share of $0.91.
The current P/E is 193% 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 14.3x, IREN trades at a 615% premium to its sector peers. The sector includes 800 companies with P/E ratios ranging from 0.0x to 157.0x.
Relative to the broader market, IREN commands a significant premium over the S&P 500 median P/E of 25.9x. 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 Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
IREN P/E vs Peers
Bitcoin Mining and Data Centers peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $3B | 11.1Lowest | - | +262%Best | |
| $3B | 46.0 | - | +106% | |
| $4.8T | 40.2 | 0.42Best | +67% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
IREN Historical P/E Data (2025–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | Dec 31 2025 | $37.77 | $1.09 | 34.7x | -1% |
| FY2026 Q1 | - | $46.93 | $1.70 | 27.7x | -21% |
| FY2025 Q4 | Jun 30 2025 | $14.57 | $0.35 | 42.2x | +21% |
Average P/E for displayed period: 34.8x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
1+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
IREN — Frequently Asked Questions
Quick answers to the most common questions about buying IREN stock.
What is IREN's P/E ratio?
IREN Limited (IREN) trailing twelve-month P/E ratio is 102.1x, based on TTM diluted EPS of $0.91. The 5-year average P/E is 34.8x and the historical range spans 27.7x to 42.2x.
Is IREN stock overvalued or undervalued?
IREN trades at 102.1x P/E, above its 5-year average of 34.8x. The 100th percentile ranking within the 27.7x–42.2x historical range indicates a premium to historical valuation.
Is IREN stock expensive?
Yes, IREN is expensive relative to its own history. The current P/E of 102.1x is above the 5-year average of 34.8x and also above the Financial Services sector median of 14.3x. The stock sits at the 100th percentile of its 5-year valuation range.
What is IREN's historical P/E range?
Over the past 5 years, IREN's P/E ratio has ranged from 27.7x to 42.2x, with a median of 34.7x and an average of 34.8x. The current P/E of 102.1x places the stock at the 100th percentile of this range. Full historical data spans 2025–2026.
How does IREN's P/E compare to the S&P 500?
IREN trades at 102.1x P/E versus the S&P 500 median of 25.9x. The 294% premium to the market typically reflects higher expected earnings growth or quality.
How does IREN's valuation compare to Financial Services peers?
IREN Limited P/E of 102.1x compares to the Financial Services sector median of 14.3x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is IREN's PEG ratio?
IREN PEG ratio is N/A, based on a P/E of 102.1x and EPS growth of 234.5%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is IREN's earnings yield?
IREN earnings yield is 0.98%, the inverse of its 102.1x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.