IGB BhdXKLS:5606 -0.83%78 Operating Margin % is 44.56% as of Mar. 2026, which is 4% above its 10-year median of 42.84. GuruFocus rates XKLS:5606 with a GF Score™ of 78/100 and a GF Value™ of RM1.81 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,745 Real Estate companies, IGB Bhd ranks better than 81.83% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. IGB Bhd's Operating Income for the
three
months ended in Mar. 2026 was RM225 Mil. IGB Bhd's Revenue for the
three
months ended in Mar. 2026 was RM505 Mil. Therefore, IGB Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 44.56%.
Good Sign:
IGB Bhd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for IGB Bhd's Operating Margin % or its related term are showing as below:
XKLS:5606'
s Operating Margin % Range Over the Past 10 Years
Min: 28.07 Med: 42.84 Max: 45.15
Current: 45.15
XKLS:5606's Operating Margin % is ranked better than 81.83% of 1745
companies
in the Real Estate industry
Industry Median: 13.21
vs XKLS:5606: 45.15
IGB Bhd's 5-Year Average Operating Margin % Growth Rate was 10.20% per year.
IGB Bhd's Operating Income for the
three
months ended in Mar. 2026 was RM225 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM866 Mil.
IGB Bhd (XKLS:5606) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
IGB Bhd Operating Margin % Related Terms
IGB Bhd Operating Margin % Historical Data
* Premium members only.
The historical data trend for IGB Bhd's Operating Margin % 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.
XKLS:5606 vs CBRE, BEKE, CSGP: Operating Margin % Comparison
For the Real Estate Services subindustry, IGB Bhd's Operating Margin %, along with its competitors' market caps and Operating Margin % 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.
IGB Bhd Operating Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, IGB Bhd's Operating Margin % distribution charts can be found below:
* The bar in red indicates where IGB Bhd's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
IGB Bhd's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
IGB Bhd (XKLS:5606) has a Operating Margin % of 44.56% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on IGB Bhd and its competitors. This is near median its historical median of 42.84. Over the past decade, IGB Bhd's Operating Margin % has ranged from 28.07 to 45.15. According to the industry distribution chart, IGB Bhd ranks #317 out of 1745 companies in the Real Estate industry, placing it in the top 18.2%.
Is IGB Bhd's Operating Margin % too high?
IGB Bhd's current Operating Margin % of 44.56% is near median its 10-year median of 42.84. Over the past 10 years, this metric has ranged from a low of 28.07 to a high of 45.15. The Real Estate industry median Operating Margin % is 13.21. IGB Bhd's value of 44.56% is 237.3% above this industry median. Based on the distribution chart, IGB Bhd ranks #317 out of 1745 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, IGB Bhd has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IGB Bhd's Operating Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, IGB Bhd ranks #317 out of 1745 companies for Operating Margin %. This places IGB Bhd in the top 18% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 13.21. IGB Bhd's value of 44.56% is 237.3% above this benchmark. Historically, IGB Bhd's own Operating Margin % has ranged from 28.07 to 45.15 over the past decade. While the company's 10-year median is 42.84 vs. the industry median of 13.21, IGB Bhd has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Real Estate company?
The median Operating Margin % among Real Estate companies is 13.21, based on 1,745 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IGB Bhd's current Operating Margin % of 44.56% is 237.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on IGB Bhd and its competitors. For the Real Estate industry, the median Operating Margin % is 13.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IGB Bhd's current Operating Margin % is 44.56%, which is near median its own 10-year median of 42.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IGB Bhd stock overvalued right now?
Based on GuruFocus' analysis, IGB Bhd (XKLS:5606) is currently considered Significantly Overvalued. The stock's GF Value™ is RM1.81, compared to a current price of RM2.38 — trading 31.5% above its estimated fair value. The current Operating Margin % is 44.56%, which is near median its 10-year median of 42.84 and 237.3% above the Real Estate industry median of 13.21. IGB Bhd's overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For IGB Bhd (XKLS:5606), the current Operating Margin % is 44.56% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is IGB Bhd (XKLS:5606) Overvalued in 2026?
Based on GuruFocus' analysis, IGB Bhd stock appears to be overvalued.
The current stock price of RM2.38 is trading 31.5% above its estimated GF Value™ of RM1.81.
GuruFocus considers IGB Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:5606:
Operating Margin %: 44.56% (near median its 10-year median of 42.84)
GF Value™: RM1.81 vs. price of RM2.38 (31.5% above fair value)
Industry Position: 237.3% above the Real Estate median (#317 of 1745)
No single metric tells the full story. See the XKLS:5606 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IGB Bhd is an investment holding company that engages in the provision of management services in Malaysia. It operates through the following segments which includes Property investment- retail, Property investment- commercial, Hotel segment, Property development segment, and construction. It makes the majority of the revenue from the Property investment- retail segment. The company also provides hotel management, building and maintenance, and exhibition services; owns and operates malls, and educational institutions.
78GF Score
Get the complete analysis for XKLS:5606
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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