IREN (Iris Energy) (IREN)

P/B ratio as of December 2025 : 3.56

According to IREN (Iris Energy)'s latest financial reports the company has a price-to-book ratio of 14.8733.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

IREN (Iris Energy) - P/B ratio (from 2022 to 2022)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	4.03	125.59%
2024-12-31	1.79	42.11%
2023-12-31	1.26	393.74%
2022-12-31	0.2544	-90.76%
2021-12-31	2.75

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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IREN (Iris Energy) (IREN) - P/B ratio