IGB Commercial REITXKLS:5299 +0.83%35 PB Ratio is 0.63 as of Jul. 03, 2026, which is 13% above its 10-year median of 0.56. GuruFocus rates XKLS:5299 with a GF Score™ of 35/100 and a GF Value™ of RM0.63 (Fairly Valued). The stock has 7 warning signs investors should review. Among 929 REITs companies, IGB Commercial REIT ranks better than 74.81% on this metric.
IGB Commercial REIT stock PB Ratio (=0.62) is close to 5-year high of 0.68.
The historical rank and industry rank for IGB Commercial REIT's PB Ratio or its related term are showing as below:
XKLS:5299'
s PB Ratio Range Over the Past 10 Years
Min: 0.49 Med: 0.56 Max: 0.68
Current: 0.64
During the past 8 years, IGB Commercial REIT's highest PB Ratio was 0.68. The lowest was 0.49. And the median was 0.56.
XKLS:5299's PB Ratio is ranked better than 74.81% of 929
companies
in the REITs industry
Industry Median: 0.87
vs XKLS:5299: 0.64
During the past 12 months, IGB Commercial REIT's average Book Value Per Share Growth Rate was 0.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.90% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of IGB Commercial REIT was -0.90% per year. The lowest was -1.40% per year. And the median was -1.15% per year.
Back to Basics: PB Ratio
IGB Commercial REIT (XKLS:5299) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
IGB Commercial REIT PB Ratio Related Terms
IGB Commercial REIT PB Ratio Historical Data
* Premium members only.
The historical data trend for IGB Commercial REIT's PB Ratio 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.
For the REIT - Office subindustry, IGB Commercial REIT's PB Ratio, along with its competitors' market caps and PB Ratio 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 Commercial REIT PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, IGB Commercial REIT's PB Ratio distribution charts can be found below:
* The bar in red indicates where IGB Commercial REIT's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
IGB Commercial REIT (XKLS:5299) has a PB Ratio of 0.63 as of Jul. 03, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on IGB Commercial REIT and its competitors. This is 13% above median its historical median of 0.56. Over the past decade, IGB Commercial REIT's PB Ratio has ranged from 0.49 to 0.68. According to the industry distribution chart, IGB Commercial REIT ranks #234 out of 929 companies in the REITs industry, placing it in the top 25.2%.
Is IGB Commercial REIT's PB Ratio too high?
IGB Commercial REIT's current PB Ratio of 0.63 is 13% above median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 0.68. The REITs industry median PB Ratio is 0.87. IGB Commercial REIT's value of 0.63 is 27.6% below this industry median. Based on the distribution chart, IGB Commercial REIT ranks #234 out of 929 companies in the REITs industry, which is above the industry midpoint. Overall, IGB Commercial REIT has a GF Score™ of 35/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IGB Commercial REIT's PB Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, IGB Commercial REIT ranks #234 out of 929 companies for PB Ratio. This puts IGB Commercial REIT in the upper half of its industry. The industry median PB Ratio is 0.87. IGB Commercial REIT's value of 0.63 is 27.6% below this benchmark. Historically, IGB Commercial REIT's own PB Ratio has ranged from 0.49 to 0.68 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 0.87, IGB Commercial REIT has consistently been below 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 PB Ratio for a REITs company?
The median PB Ratio among REITs companies is 0.87, based on 929 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IGB Commercial REIT's current PB Ratio of 0.63 is 27.6% below 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on IGB Commercial REIT and its competitors. For the REITs industry, the median PB Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IGB Commercial REIT's current PB Ratio is 0.63, which is 13% above median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IGB Commercial REIT stock overvalued right now?
Based on GuruFocus' analysis, IGB Commercial REIT (XKLS:5299) is currently considered Fairly Valued. The stock's GF Value™ is RM0.63, compared to a current price of RM0.61 — trading 4% below its estimated fair value. The current PB Ratio is 0.63, which is 13% above median its 10-year median of 0.56 and 27.6% below the REITs industry median of 0.87. IGB Commercial REIT's overall GF Score™ is 35/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For IGB Commercial REIT (XKLS:5299), the current PB Ratio is 0.63 as of Jul. 03, 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 Commercial REIT (XKLS:5299) Overvalued in 2026?
Based on GuruFocus' analysis, IGB Commercial REIT stock appears to be undervalued.
The current stock price of RM0.61 is trading 4% below its estimated GF Value™ of RM0.63.
GuruFocus considers IGB Commercial REIT to be Fairly Valued.
Key valuation signals for XKLS:5299:
PB Ratio: 0.63 (13% above median its 10-year median of 0.56)
GF Value™: RM0.63 vs. price of RM0.61 (4% below fair value)
Industry Position: 27.6% below the REITs median (#234 of 929)
No single metric tells the full story. See the XKLS:5299 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IGB Commercial REIT is established to provide unitholders with regular and stable distributions, sustainable long-term unit price and distributable income and capital growth, and maintaining an appropriate capital structure, by investing directly and indirectly in a portfolio of income-producing real estate used predominantly for commercial purposes in Malaysia and overseas. The trust's investment portfolio mainly comprises commercial properties with office and retail spaces, and includes the Gardens South Tower, Centrepoint North, The Gardens North Tower, and other properties.
35GF Score
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