P/E ratio for IREN (Iris Energy) (IREN)
P/E ratio as of July 2025 (TTM): -88.7
According to IREN (Iris Energy)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -88.6581. At the end of 2024 the company had a P/E ratio of -43.5.
P/E ratio history for IREN (Iris Energy) from 2021 to 2025
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2024 | -43.5 | 2770.68% |
| 2023 | -1.52 | 385.71% |
| 2022 | -0.3121 |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.