Is IREN a buy according to UQS?

UQS rates IREN as Below Average at 49.3/100, driven primarily by its perfect Growth score of 100.0. However, the composite rating is weighed down by a Moat score of 19.0/100, a Valuation score of 36.8, and a Risk score of 46.4. The Below Average label reflects that growth strength alone does not offset structural and valuation concerns across the other pillars.

What is IREN's PEG ratio and what does it mean?

IREN's PEG ratio is -0.87, which is negative due to the interplay between its earnings trajectory and growth inputs — making standard interpretation unreliable. Typically, a PEG below 1 suggests a stock is cheap relative to growth, but a negative PEG requires caution. The sector median PEG is 1.27. Investors should weigh the forward P/E of 64.5 alongside the [PEG ratio explainer](/learn/peg-ratio) for fuller context.

Why might IREN's UQS Score change?

The UQS Score updates daily based on trailing twelve-month financials, forward analyst estimates, and balance sheet data. For IREN, the most sensitive inputs are the forward revenue and EPS growth estimates — currently at 482.1% and 91.2% respectively — along with operating margin and ROIC trends. Significant revisions to analyst forecasts, changes in debt levels, or improvements in operating profitability would all trigger score movement.

IREN

Financial Services

IREN Limited · Financial - Capital Markets · $20B

UQS Score — Balanced Preset

40.7

Below Average

IREN Limited scores 40.7/100 using the Balanced preset.

UQS vs Financial Services Sector

IREN

40.7

Sector avg

39.7

Quality

Weak

Moat

Weak

Growth

Strong

Risk

Neutral

Valuation

Elevated

IREN Price History

+148.9% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in IREN Limited?

If I had invested

Starting

Today it would be worth

$80,805

That's a +708% total return, or +708% annualized.

Based on IREN Limited's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

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Pro Analysis

IREN — Score History

Score changes· 19 most recent

Date	UQS	Quality	Moat	Growth	Risk	Value	Change
May 21, 2026	46.4	36.4	19.0	100.0	47.3	36.4	+0.2
May 15, 2026	46.2	36.4	19.0	100.0	47.3	34.8	-0.3
May 14, 2026	46.5	36.4	19.0	100.0	47.3	37.0	+1.7
May 12, 2026	44.8	36.4	19.0	100.0	47.3	25.5	+2.7
May 9, 2026	42.1	20.0	19.0	100.0	51.0	31.4	+1.0
May 7, 2026	41.1	48.3	19.0	83.0	46.4	4.4	-0.1
May 3, 2026	41.2	48.3	19.0	83.0	46.4	5.1	+0.1
May 2, 2026	41.1	48.3	19.0	83.0	46.4	4.7	-7.7
Apr 28, 2026	48.8	48.3	19.0	100.0	46.4	33.7	-0.6
Apr 26, 2026	49.4	48.3	19.0	100.0	46.4	37.4	-0.2

IREN — Pillar Breakdown

◆

Quality

— 14.4/100 (25%)

IREN Limited currently shows below-average quality metrics, suggesting challenges with profitability.

Return on EquityWeak

Profitability relative to shareholders' equity.

Operating ProfitabilityWeak

Ability to convert revenue into operating profit.

Net ProfitabilityModerate

Bottom-line profit as a share of revenue.

Cash GenerationWeak

Free cash flow relative to market value.

▲

Growth

— 100.0/100 (20%)

IREN Limited is growing rapidly with strong revenue and earnings expansion.

Recent Revenue TrendStrong

Revenue trajectory over the last twelve months.

3Y Revenue CAGRStrong

Compound annual revenue growth rate over 3 years.

EPS GrowthStrong

Year-over-year earnings per share growth.

Forward Revenue OutlookStrong

Analyst consensus for future revenue growth.

Forward EPS GrowthStrong

Analyst consensus for future earnings growth.

◈

Risk

— 47.3/100 (15%)

IREN Limited has some risk factors including moderate leverage or solvency concerns.

Debt/EquityWeak

Total debt relative to shareholder equity.

Current RatioStrong

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

●

Valuation

— 35.2/100 (15%)

IREN Limited has a mixed valuation — some metrics suggest fair value while others appear stretched.

Earnings YieldWeak

Inverse of forward P/E — higher yield means cheaper stock.

PEG RatioStrong

P/E relative to earnings growth — lower is more attractive.

EV/EBITDA vs SectorWeak

Enterprise value multiple relative to sector median.

⬡

Moat

— 19/100 (25%)

IREN Limited operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for IREN.

Score Composition

Quality

14.4×25%3.6

Growth

100.0×20%20.0

Risk

47.3×15%7.1

Valuation

35.2×15%5.3

Moat

19.0×25%4.8

Total

40.7Below Average

Financial Data

More Stock Analysis

How is the IREN UQS Score Calculated?

The UQS (Unified Quality Score) for IREN Limited is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses IREN Limited's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether IREN Limited is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.