IGB Real Estate Investment Trust (XKLS:5227) GF Value Rank : 8 (As of Jun. 23, 2024)

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What is IGB Real Estate Investment Trust GF Value Rank?

IGB Real Estate Investment Trust has the GF Value Rank of 8.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of IGB Real Estate Investment Trust's GF Value Rank

For the REIT - Retail subindustry, IGB Real Estate Investment Trust's GF Value Rank, along with its competitors' market caps and GF Value Rank 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 Real Estate Investment Trust's GF Value Rank Distribution in the REITs Industry

For the REITs industry and Real Estate sector, IGB Real Estate Investment Trust's GF Value Rank distribution charts can be found below:

* The bar in red indicates where IGB Real Estate Investment Trust's GF Value Rank falls into.

IGB Real Estate Investment Trust GF Value Rank Related Terms

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IGB Real Estate Investment Trust (XKLS:5227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » IGB Real Estate Investment Trust (XKLS:5227) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 32, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, Kuala Lumpur, SGR, MYS, 59200

Website

http://www.igbreit.com

IGB Real Estate Investment Trust is a Malaysian retail property investment company. The company's portfolio includes retail properties and mixed-use developments which have a retail component. Properties are located both domestically and internationally. The company divides its operations into two segments based on its two major retail malls in the portfolio: MVM, which is the Mid Valley Megamall; and TGM, which refers to the Gardens Mall. MVM delivers more than twice as much revenue as TGM. The company generates the majority of revenue from leasing its properties, in addition to service and promotional charges from tenants.

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