Objective To explore the value of serum ferritin and miR⁃122 expressions for predicting patients with type 2 diabetes mellitus (T2DM) and concomitant diabetic peripheral neuropathy (DPN). Methods A total of 82 T2DM patients were selected as the research subjects, and they were assigned to concomitant group (concomitant DPN) or non⁃concomitant group (without concomitant DPN) according to the presence of concomitant DPN after 3⁃month routine therapy. The clinical data with respect to pre⁃treatment age, gender, body mass index, disease course, systolic blood pressure, and diastolic blood pressure, etc., laboratory indices in terms of pre⁃treatment white blood cell counts, neutrophil counts, homeostatic model assessment of insulin resistance (HOMA⁃IR), and expressions of serum ferritin, triglyceride, total cholesterol, HDL⁃C, LDL⁃C, HbA1c, and miR⁃122 were compared between patients of the two groups. The influencing factors for T2DM patients and concomitant DPN were analyzed by employing the binary Logistic stepwise regression model. The receiver operating characteristic (ROC) curve was drawn to evaluate the efficiency of the influencing factors for predicting T2DM patients and concomitant DPN. Results There were 20 cases (24.39%) concomitant DPN among 82 T2DM patients. The concomitant group exhibited higher expressions of serum triglyceride, HbA1c, ferritin, and miR⁃122 compared with the non⁃concomitant group (P<0.05). The results of binary Logistic regression analysis revealed that serum triglyceride, HbA1c, ferritin, and miR⁃122 expressions were the influencing factors for T2DM patients and concomitant DPN (P<0.05). The results of ROC curve analysis indicated that serum triglyceride, ferritin, HbA1c, and miR⁃122 expressions for alone predicting T2DM patients and concomitant DPN exerted a favorable efficiency, and areas under the curve were 0.833, 0.823, 0.838, and 0.820, respectively (P<0.05). However, the combination of the four indices exerted a superior predictive efficiency, with area under the curve of 0.945 (P<0.05). Conclusion Compared with single T2DM patients, T2DM patients and concomitant DPN obtain elevated serum ferritin and miR⁃122 expressions. Serum ferritin and miR⁃122 expressions alone have a good prediction efficiency for T2DM and concomitant DPN, and the combination of the two with serum triglyceride and HbA1c can further improve the prediction efficiency.