IREN Ltd
F:F8P

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IREN Ltd
F:F8P
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Price: 41.2 EUR 0.59% Market Closed
Market Cap: €11.2B

EV/EBITDA

-126.7
Current
90%
More Expensive
vs 3-y average of -66.5

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
-126.7
=
Enterprise Value
€11B
/
EBITDA
$-106.3m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
-126.7
=
Enterprise Value
€11B
/
EBITDA
$-106.3m

Valuation Scenarios

IREN Ltd is trading above its industry average

If EV/EBITDA returns to its Industry Average (36.5), the stock would be worth €-11.88 (129% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-129%
Maximum Upside
No Upside Scenarios
Average Downside
121%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple -126.7 €41.2
0%
Industry Average 36.5 €-11.88
-129%
Country Average 16.5 €-5.37
-113%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€11B
/
Jan 2026
$-106.3m
=
-126.7
Current
€11B
/
Jun 2026
$432.9m
=
25.4
Forward
€11B
/
Jun 2027
$2.1B
=
5.1
Forward
€11B
/
Jun 2028
$3.6B
=
3.1
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
AU
IREN Ltd
F:F8P
11.1B EUR -126.7 37.1
US
Ezenia! Inc
OTC:EZEN
567B USD -182 667.2 -180 630.8
US
Palantir Technologies Inc
NASDAQ:PLTR
347.7B USD 236.1 213.5
DE
SAP SE
XETRA:SAP
175.2B EUR 14.7 23.9
US
Salesforce Inc
NYSE:CRM
174.5B USD 14 23.4
US
Applovin Corp
NASDAQ:APP
166.1B USD 38.4 49.8
US
Intuit Inc
NASDAQ:INTU
112.3B USD 18.1 25.8
US
Adobe Inc
NASDAQ:ADBE
100.9B USD 10.1 14
US
NCR Corp
LSE:0K45
91.5B USD 245.6 2 178.4
US
Synopsys Inc
NASDAQ:SNPS
88.2B USD 46.9 80.1
US
Cadence Design Systems Inc
NASDAQ:CDNS
86.6B USD 45.6 78.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
AU
IREN Ltd
F:F8P
Average EV/EBITDA: 74.4
Negative Multiple: -126.7
413%
N/A
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
236.1
84%
2.8
DE
SAP SE
XETRA:SAP
14.7
15%
1
US
Salesforce Inc
NYSE:CRM
14
22%
0.6
US
Applovin Corp
NASDAQ:APP
38.4
36%
1.1
US
Intuit Inc
NASDAQ:INTU
18.1
27%
0.7
US
Adobe Inc
NASDAQ:ADBE
10.1
14%
0.7
US
N
NCR Corp
LSE:0K45
245.6
9%
27.3
US
Synopsys Inc
NASDAQ:SNPS
46.9
47%
1
US
Cadence Design Systems Inc
NASDAQ:CDNS
45.6
25%
1.8
P/E Multiple
Earnings Growth PEG
AU
IREN Ltd
F:F8P
Average P/E: 272.4
37.1
122%
0.3
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
213.5
58%
3.7
DE
SAP SE
XETRA:SAP
23.9
17%
1.4
US
Salesforce Inc
NYSE:CRM
23.4
29%
0.8
US
Applovin Corp
NASDAQ:APP
49.8
38%
1.3
US
Intuit Inc
NASDAQ:INTU
25.8
30%
0.9
US
Adobe Inc
NASDAQ:ADBE
14
20%
0.7
US
N
NCR Corp
LSE:0K45
2 178.4
52%
41.9
US
Synopsys Inc
NASDAQ:SNPS
80.1
44%
1.8
US
Cadence Design Systems Inc
NASDAQ:CDNS
78.1
39%
2

Market Distribution

Lower than 100% of companies in Australia
Percentile
0th
Based on 1 243 companies
0th percentile
-126.7
Low
0 — 10
Typical Range
10 — 24.5
High
24.5 —
Distribution Statistics
Australia
Min 0
30th Percentile 10
Median 16.5
70th Percentile 24.5
Max 6 797.5

IREN Ltd
Glance View

IREN Ltd. is a vertically integrated data center business powering the future of Bitcoin, AI and beyond with renewable energy. The company is headquartered in Sydney, New South Wales and currently employs 144 full-time employees. The company went IPO on 2021-11-17. Its facilities are optimized for Bitcoin mining, artificial intelligence (AI) cloud services, and other power-dense compute. Its data center mining facilities are in Canal Flats, Mackenzie, Prince George and Childress. Bitcoin Mining provides security to the Bitcoin network. Al Cloud Services provides cloud compute to Al customers, approximately 1,896 NVIDIA H100 and H200 GPUs. Its Canal Flats facility is in the Canadian Rockies, 100 kilometers (km) from Cranbrook regional airport and 500km east of Vancouver. Its facility is in Prince George, the city in northern British Columbia, located 500 km north of Vancouver. Its facility is located in Childress County, Texas, over 250 miles northwest of Dallas and in close proximity to multiple wind and solar generating facilities in the region. Its Childress operations comprise 200 Mega Watt of operating data centers.

F8P Intrinsic Value
40.01 EUR
Overvaluation 3%
Intrinsic Value
Price €41.2
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