Stock Valuation / IREN
Is IREN Limited (IREN) Overvalued? Fair Value & 5-Year Target
IREN Limited trades at $34.80 (P/E -15.68). Our reference model estimates a fair value of $-62.03 at its recent average P/E of 27.94.
| Current price | $34.80 |
|---|---|
| Current EPS | $-2.22 |
| Current P/E | -15.68 |
| Average P/E | 27.94 |
| Fair value (at avg P/E) | $-62.03 |
| Upside to fair value | -278.2% |
What drives IREN's valuation
Changing either assumption moves the target: a higher P/E multiple or faster EPS growth raises fair value, a lower multiple or slower growth lowers it. The interactive dashboard lets you edit both and re-run the model instantly.
About IREN Limited
IREN Limited operates as a vertically integrated AI cloud services platform in Australia and Canada. It develops, owns, and operate data centers, including the associated land, grid connections, and substations, as well as buildings and cooling. The company also owns and operates compute layers, such as GPUs, CPUs, storage, servers, and networking deployed within that data center infrastructure; and software layers comprising managed services and enterprise support that enables customers to deploy, operate, and manage AI workloads. In addition, it is involved in Bitcoin mining. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. IREN L
Frequently asked questions
What is IREN's fair value?
At its recent average P/E of 27.94, IREN Limited (IREN) has a reference fair value of about $-62.03, which is -278.2% versus the current price of $34.80.
Is IREN Limited (IREN) overvalued or undervalued?
Based on the average-P/E reference model, IREN Limited looks overvalued relative to fair value by roughly +278.2%. This is a model output, not investment advice — change the P/E and growth assumptions in the dashboard for your own view.
Open the interactive IREN valuation dashboard →
Figures are for informational purposes only and are not investment advice. Data as of 2026-10-14.