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IGB Real Estate Investment Trust
KLSE:IGBREIT

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IGB Real Estate Investment Trust
KLSE:IGBREIT
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Price: 2.82 MYR 0.71% Market Closed
Market Cap: 12.2B MYR

EV/EBIT

29.1
Current
44%
More Expensive
vs 3-y average of 20.1

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
29.1
=
Enterprise Value
MYR14B
/
EBIT
485.8m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
29.1
=
Enterprise Value
MYR14B
/
EBIT
485.8m

Valuation Scenarios

IGB Real Estate Investment Trust is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (20.1), the stock would be worth MYR1.95 (31% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-60%
Maximum Upside
No Upside Scenarios
Average Downside
45%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 29.1 MYR2.82
0%
3-Year Average 20.1 MYR1.95
-31%
5-Year Average 20 MYR1.94
-31%
Industry Average 11.5 MYR1.12
-60%
Country Average 12.6 MYR1.22
-57%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
MYR14B
/
Jan 2026
485.8m
=
29.1
Current
MYR14B
/
Dec 2026
684.5m
=
20.4
Forward
MYR14B
/
Dec 2027
710.1m
=
19.7
Forward
MYR14B
/
Dec 2028
726.8m
=
19.2
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
MY
I
IGB Real Estate Investment Trust
KLSE:IGBREIT
Average EV/EBIT: 733.1
29.1
14%
2.1
US
G
GE Vernova LLC
NYSE:GEV
Not Available
93%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
C
China Industrial Group Inc
OTC:CIND
3 537.2
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
14.4
N/A N/A
US
F
Fintech Ecosystem Development Corp
NASDAQ:FEXD
Negative Multiple: -18 026.5 N/A N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
37%
N/A
US
Coupang Inc
F:788
67.3
75%
0.9
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -746.1 N/A N/A
ZA
V
Vukile Property Fund Ltd
JSE:VKE
17.7
10%
1.8
P/E Multiple
Earnings Growth PEG
MY
I
IGB Real Estate Investment Trust
KLSE:IGBREIT
Average P/E: 7 121.5
18.5
-1%
N/A
US
G
GE Vernova LLC
NYSE:GEV
Not Available
19%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
C
China Industrial Group Inc
OTC:CIND
4 020.7
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
10.6
1%
10.6
US
F
Fintech Ecosystem Development Corp
NASDAQ:FEXD
38 496.8
N/A N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
47%
N/A
US
Coupang Inc
F:788
175.5
96%
1.8
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -3 496.4 N/A N/A
ZA
V
Vukile Property Fund Ltd
JSE:VKE
7
-5%
N/A

Market Distribution

Higher than 82% of companies in Malaysia
Percentile
82st
Based on 402 companies
82st percentile
29.1
Low
0.1 — 8.2
Typical Range
8.2 — 20
High
20 —
Distribution Statistics
Malaysia
Min 0.1
30th Percentile 8.2
Median 12.6
70th Percentile 20
Max 116 799.5

IGB Real Estate Investment Trust
Glance View

Market Cap
12.2B MYR
Industry
N/A

IGB Real Estate Investment Trust, a prominent player in the Malaysian real estate landscape, has built its reputation on a solid foundation of strategic property investments and successful management. Established as a vehicle to invest in retail properties, the trust primarily focuses on acquiring and managing high-quality shopping malls situated in prime urban locations. At the heart of its operations are its two flagship assets, Mid Valley Megamall and The Gardens Mall, both of which are integral to the bustling commercial life of Kuala Lumpur. These malls not only attract a substantial flow of local and international shoppers but also boast a diverse mix of tenants that range from luxury brands to dynamic food and beverage outlets. This diversified tenant mix helps to mitigate risk while maximizing the foot traffic and revenue generated from leasing agreements. The financial engine driving IGB Real Estate Investment Trust is its adept management of leasable retail space, with a keen focus on optimizing occupancy rates and rental yields. By engaging in proactive asset enhancement initiatives, the trust ensures its properties remain competitive and appealing, which in turn sustains and enhances rental income over time. This careful balance between maintaining property appeal and managing operational efficiencies helps to deliver steady cash flow to its investors. Furthermore, IGB REIT thrives on its ability to foster and maintain robust relationships with tenants, alongside sustaining a superior shopping experience for consumers. This dual focus not only anchors its revenue streams but also exemplifies its strategic foresight in navigating the cyclical nature of real estate markets.

IGBREIT Intrinsic Value
1.69 MYR
Overvaluation 40%
Intrinsic Value
Price MYR2.82
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