Latest Ratios: P/E Ratio 1.2x · EV/EBITDA 52.0x · ROE 9.2%. (1998–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $1.1B | $642M | $587M | $263M | $224M | $167M | $568M | $1.0B | $1.4B | $995M |
| Enterprise Value | $1.5B | $419.9B | $350.0B | $380.4B | $136.5B | $100.4B | $100.4B | $252.6B | $170.3B | $106.0B | $100.1B |
| P/E Ratio → | 1.24 | 0.00 | — | 0.23 | 0.00 | — | 0.00 | — | — | — | 0.13 |
| P/S Ratio | 3.62 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.01 | 0.03 | 0.08 |
| P/B Ratio | 1.42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.03 | 0.07 |
| P/FCF | 7799.22 | 4.69 | 0.00 | 0.00 | 0.00 | 0.06 | 0.04 | 0.01 | 0.08 | 0.15 | 0.28 |
| P/OCF | 7544.77 | 4.53 | 0.00 | 0.00 | 0.00 | 0.04 | 0.03 | 0.01 | 0.05 | 0.11 | 0.24 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.86 | 0.76 | 0.82 | 0.53 | 2.19 | 2.19 | 9.02 | 2.18 | 2.08 | 7.75 |
| EV / EBITDA | 51.99 | 9.95 | — | — | 0.63 | — | — | — | 4.40 | 9.64 | 4.67 |
| EV / EBIT | 67.68 | 2.07 | — | 8.54 | 0.37 | — | — | — | 44.90 | 11.92 | 5.58 |
| EV / FCF | — | 1845.80 | 2.52 | 2.07 | 1.39 | 25.86 | 25.85 | 6.30 | 12.85 | 11.31 | 28.08 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.8% | 60.8% | 66.8% | 65.5% | 62.2% | 49.4% | 49.4% | 62.6% | 37.2% | 30.5% | 45.5% |
| Operating Margin | 6.6% | 6.6% | -62.2% | -24.3% | 81.6% | -45.8% | -45.8% | -167.3% | 37.2% | 6.7% | 154.1% |
| Net Profit Margin | 22.3% | 22.3% | -8.9% | 67.5% | 107.7% | -230.6% | -230.6% | -196.4% | 26.9% | -2.2% | 73.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.2% | 9.2% | -3.1% | 34.6% | 110.4% | -78.0% | -95.5% | -68.6% | 34.5% | -3.7% | 121.0% |
| ROA | 4.6% | 4.6% | -1.7% | 18.1% | 47.3% | -29.0% | -25.2% | -13.6% | 7.4% | -0.6% | 11.3% |
| ROIC | 1.5% | 1.5% | -12.9% | -7.3% | 42.6% | -6.7% | -5.5% | -12.1% | 11.0% | 1.9% | 25.0% |
| ROCE | 1.6% | 1.6% | -13.1% | -7.5% | 44.3% | -6.4% | -5.8% | -13.6% | 12.3% | 2.3% | 32.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.37 | 0.37 | 0.33 | 0.29 | 0.45 | 0.76 | 0.76 | 3.64 | 2.77 | 2.73 | 8.36 |
| Debt / EBITDA | 10.80 | 10.80 | — | — | 0.75 | — | — | — | 5.34 | 11.77 | 5.27 |
| Net Debt / Equity | — | 0.34 | 0.30 | 0.26 | 0.37 | 0.74 | 0.74 | 2.94 | 2.27 | 2.21 | 7.34 |
| Net Debt / EBITDA | 9.93 | 9.93 | — | — | 0.63 | — | — | — | 4.37 | 9.51 | 4.62 |
| Debt / FCF | — | 1841.12 | 2.52 | 2.06 | 1.39 | 25.81 | 25.81 | 6.29 | 12.77 | 11.16 | 27.80 |
| Interest Coverage | 3.94 | 3.94 | -1.37 | 0.99 | 5.54 | -0.07 | — | — | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.71 | 0.71 | 0.83 | 0.99 | 0.49 | 0.63 | 0.63 | 1.91 | 2.05 | 1.41 | 0.98 |
| Quick Ratio | 0.71 | 0.71 | 0.83 | 0.98 | 0.49 | 0.62 | 0.62 | 1.89 | 1.92 | 1.29 | 0.90 |
| Cash Ratio | 0.49 | 0.49 | 0.55 | 0.61 | 0.36 | 0.23 | 0.23 | 1.41 | 1.44 | 0.84 | 0.57 |
| Asset Turnover | — | 0.20 | 0.20 | 0.17 | 0.32 | 0.13 | 0.13 | 0.06 | 0.23 | 0.22 | 0.08 |
| Inventory Turnover | 125.16 | 125.16 | 102.15 | 90.40 | 141.66 | 76.08 | 76.08 | 6.91 | 8.08 | 6.42 | 2.02 |
| Days Sales Outstanding | — | 62.31 | 61.57 | 78.01 | 33.33 | 112.72 | 112.72 | 427.22 | 111.47 | 126.33 | 375.80 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.0% | 7.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | — | 100.0% | 10.4% | — |
| Payout Ratio | — | — | — | 53.6% | 0.5% | — | — | — | 6.6% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 80.7% | 132914.6% | — | 435.8% | 90196.8% | — | 26362.2% | — | — | — | 790.7% |
| FCF Yield | 0.0% | 21.3% | 21602.4% | 31400.4% | 37451.7% | 1732.8% | 2327.1% | 7065.6% | 1296.0% | 661.4% | 358.2% |
| Buyback Yield | 0.0% | 1.8% | 100.0% | 100.0% | 100.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 9.1% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 0.0% | 100.0% | 10.4% | 0.0% |
| Shares Outstanding | — | $77M | $74M | $69M | $70M | $58M | $53M | $58M | $59M | $58M | $59M |
Hyperinflationary Accounting Distortions
According to current market data, IRS trades at a P/E of 1.24 and a P/S of 3.62, which, as reported in financial statements, appear to be heavily distorted by hyperinflationary accounting adjustments rather than reflecting the underlying intrinsic value of the company's trophy real estate portfolio.
The extremely low P/E ratio suggests that the market is heavily discounting the firm's earnings due to the volatility inherent in Argentine macroeconomic conditions. Investors should monitor whether these multiples are capturing the true value of the land bank or if they are merely artifacts of non-cash fair value gains that do not translate into distributable cash flow.
Based on the company's reported figures, ROIC has fluctuated significantly from a low of -12.3% in 2025Q1 to a peak of 12.4% in 2026Q1, indicating that the firm's ability to compound capital is highly sensitive to external macroeconomic shocks rather than consistent operational efficiency.
The wide variance in returns suggests that the company's capital allocation is frequently interrupted by currency devaluation and inflationary cycles. This inconsistency warrants further investigation into whether management's opportunistic asset acquisitions are generating long-term value or if they are being eroded by the high cost of maintaining a large, fixed-cost physical footprint.
As reported in recent financial filings, the cash conversion cycle has shown extreme instability, swinging from -108 days in 2025Q1 to -43 days in 2024Q3, which suggests that the company's working capital management is heavily influenced by the timing of development project completions and tenant collections.
The negative CCC values indicate that the company effectively utilizes customer advances and deferred payments to fund operations, which is a common strategy in high-inflation environments. However, the volatility in these metrics implies that liquidity could tighten rapidly if the pace of development sales slows or if tenant payment behavior shifts due to broader economic stress.
As indicated by the provided data, the D/E ratio of 0.45 appears deceptively healthy, yet this metric obscures the reality that the equity base is artificially inflated by non-cash revaluations of investment properties under hyperinflationary accounting standards, rather than representing a true reduction in financial leverage.
Analysts should avoid relying on the D/E ratio as a proxy for solvency, as it fails to account for the underlying currency risk and the potential for rapid equity erosion during periods of economic contraction. A more appropriate metric for this business model would be the Net Debt to EBITDA, adjusted for non-recurring fair value gains, to better assess the company's actual capacity to service its obligations.
Includes 30+ ratios · 28 years · Updated daily
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Quick answers to the most common questions about buying IRS stock.
IRSA Inversiones y Representaciones Sociedad Anónima's current P/E ratio is 1.2x. The historical average is 7.4x. This places it at the 32th percentile of its historical range.
IRSA Inversiones y Representaciones Sociedad Anónima's current EV/EBITDA is 52.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.8x.
IRSA Inversiones y Representaciones Sociedad Anónima's return on equity (ROE) is 9.2%. The historical average is 4.6%.
Based on historical data, IRSA Inversiones y Representaciones Sociedad Anónima is trading at a P/E of 1.2x. This is at the 32th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
IRSA Inversiones y Representaciones Sociedad Anónima's current dividend yield is 0.00%.
IRSA Inversiones y Representaciones Sociedad Anónima has 60.8% gross margin and 6.6% operating margin.
IRSA Inversiones y Representaciones Sociedad Anónima's Debt/EBITDA ratio is 10.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.