Using the PEG framework with analyst consensus forward EPS growth of 25.0% plus 3.1% dividend yield, Iron Mountain Incorporated has a fair value of $57.01 based on NTM EPS (FY2026) of $2.28. The current PEG ratio is 0.52.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
Growth above 25% is capped — hypergrowth may not be sustainable long-term.
| EPS Growth RateForward | 81.6% |
| Dividend Yield | +3.1% |
| Adjusted Growth (clamped 8–25%)Clamped | 25.0% |
| Fair P/E | 25.0x |
| NTM EPS (FY2026) | $2.28 |
| Fair Value | $57.01 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $0.49 | — | — |
| FY2026E | $2.28 | +365.4% | 7 |
| FY2027E | $2.57 | +12.6% | 7 |
| FY2028E | $2.93 | +14.3% | 6 |
3Y Forward EPS CAGR: 81.6%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $450.2M | $1.55 | — |
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.
| FY2022 | $557.0M | $1.90 | +22.6% |
| FY2023 | $184.2M | $0.63 | -66.8% |
| FY2024 | $180.2M | $0.61 | -3.2% |
| FY2025 | $144.6M | $0.49 | -19.7% |
4Y Historical EPS CAGR: -25.0%