Iris Energy (Iris Energy) EV-to-EBIT : -92.15 (As of May. 05, 2024)

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What is Iris Energy EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Iris Energy's Enterprise Value is $577.15 Mil. Iris Energy's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-6.26 Mil. Therefore, Iris Energy's EV-to-EBIT for today is -92.15.

The historical rank and industry rank for Iris Energy's EV-to-EBIT or its related term are showing as below:

IREN' s EV-to-EBIT Range Over the Past 10 Years
Min: -92.15 Med: -1.51 Max: -0.17
Current: -92.15

During the past 4 years, the highest EV-to-EBIT of Iris Energy was -0.17. The lowest was -92.15. And the median was -1.51.

IREN's EV-to-EBIT is ranked worse than
100% of 476 companies
in the Capital Markets industry
Industry Median: 9.82 vs IREN: -92.15

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Iris Energy's Enterprise Value for the quarter that ended in Dec. 2023 was $604.12 Mil. Iris Energy's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-6.26 Mil. Iris Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.04%.

Iris Energy EV-to-EBIT Historical Data

The historical data trend for Iris Energy's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Iris Energy EV-to-EBIT Chart

Iris Energy Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

EV-to-EBIT

-0.46

-1.52

Iris Energy Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Dec23
EV-to-EBIT	Get a 7-Day Free Trial							-1.82	-0.46	-1.17	-1.52	-96.46

Competitive Comparison of Iris Energy's EV-to-EBIT

For the Capital Markets subindustry, Iris Energy's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Iris Energy's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Iris Energy's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Iris Energy's EV-to-EBIT falls into.

Iris Energy EV-to-EBIT Calculation

Iris Energy's EV-to-EBIT for today is calculated as:

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	577.150	/	-6.263
	=	-92.15

Iris Energy's current Enterprise Value is $577.15 Mil.
Iris Energy's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.26 Mil.

Iris Energy (NAS:IREN) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Iris Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2023 )	=	EBIT	/	Enterprise Value (Q: Dec. 2023 )
	=	-6.263	/	604.116365
	=	-1.04 %

Iris Energy's Enterprise Value for the quarter that ended in Dec. 2023 was $604.12 Mil.
Iris Energy's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.26 Mil.

Iris Energy EV-to-EBIT Related Terms

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Iris Energy (Iris Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Iris Energy Ltd (NAS:IREN) » Definitions » EV-to-EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

44 Market Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.irisenergy.co

Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.