Igis Value Plus Reit Co Ltd (334890) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Igis Value Plus Reit Co Ltd stock KRW 3,688, price KRW 2,895, upside +27.4%, quality 57 out of 100. Rating: undervalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 2,573 KRW – 4,558 KRW · fair‑value band 2,844 KRW – 4,564 KRW · the 2,895 KRW price screens below the 3,688 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Igis Value Plus Reit Co., Ltd. engages in the acquisition, development, management, and lease of real estate properties. It also trades in securities. The company was founded in 2019 and is based in Seoul, South Korea.
Stock analysis
Igis Value Plus Reit Co Ltd (334890) currently trades at 2,895 KRW, while our model-based Fair Value estimate is 3,688 KRW, implying the stock looks roughly 22% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 5,768 KRW per share, and 10 of the 15 models we run sit above the 2,895 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,905 KRW, and 5 of the 15 models stay below the price. Data coverage for this calculation is high.
Scenario range: 2,844 KRW (bear) to 4,564 KRW (bull), the price of 2,895 KRW sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Igis Value Plus Reit Co Ltd reported revenue of 21.2B KRW in FY2025 versus 23.3B KRW in FY2021, a compound −2.3%/yr. Reported net income was 11.9B KRW in FY2025, compounding −14.4%/yr from FY2021.
Key figures
Market cap 151B KRW (≈ $112M) Micro · P/E ratio 6.3 · P/S ratio 3.57 · EPS (TTM) 457.54 KRW · Dividend yield 11.1% · Net margin 56.3% · Return on equity 5.8% · Return on assets (EBIT) 7.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −1% fair-value upside, at 27%, 334890 screens cheaper than that median.
Fair Value models
Bear2,844 KRWFair Value 3,688 KRWBull4,564 KRW
Price 2,895 KRW · Upside +27.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (137.54 KRW per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+28.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−23.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−10.8%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−13.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−24.4%
Dividend (yield on the price)11.1%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.99% → 69%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+10.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +7.9% a year for the price.
Compare Igis Value Plus Reit Co Ltd with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Office · 63 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+27.4% · Above median
Profitability
Return on equity (12 months)5.8% · Top 25%
Return on assets2.1% · Above median
Net margin (12 months)56.3% · Top 25%
Operating margin (12 months)87.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)0.0% · Below median
Dividend yield (12 months)11.1% · Top 25%
Balance sheet
Debt / equity0.08× · Lowest 25%
Valuation Multiplesvs REIT - Office median · lower = cheaper
P/E (12 months)6.3× · Cheapest 25%
P/B0.34× · Cheapest 25%
P/S (12 months)3.57× · Cheaper than median
Price / free cash flow (fiscal year)8.0× · Cheaper than median
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Cite: Fair Value Calculator (2026). "Igis Value Plus Reit Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/334890
Frequently asked questions
Is Igis Value Plus Reit Co Ltd (334890) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 3,688 KRW versus a price of 2,895 KRW, about +27% upside (undervalued).
What is the fair value of 334890?
Our model-based fair value for Igis Value Plus Reit Co Ltd is 3,688 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 2,895 KRW.
What is the quality score of 334890?
Igis Value Plus Reit Co Ltd has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Igis Value Plus Reit Co Ltd (334890)?
Our model-based price target is the fair value of 3,688 KRW (as of Nov 8, 2026) from 15 valuation models. Cautious scenario 2,844 KRW, optimistic scenario 4,564 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Igis Value Plus Reit Co Ltd stock forecast for 2026?
Our models put fair value at 3,688 KRW, about +27% upside versus a price of 2,895 KRW (undervalued). Cautious scenario 2,844 KRW, optimistic scenario 4,564 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Igis Value Plus Reit Co Ltd (334890)?
Igis Value Plus Reit Co Ltd reported trailing-twelve-month revenue of about 42.4B KRW (latest available figure, as of Nov 8, 2026).
Does Igis Value Plus Reit Co Ltd pay a dividend?
Igis Value Plus Reit Co Ltd currently shows a dividend yield of 11.05% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Igis Value Plus Reit Co Ltd (334890) and when is the ex-dividend date?
Igis Value Plus Reit Co Ltd pays a dividend of 320.00 KRW per share a year, a dividend yield of 11.1%. The last ex-dividend date was Jun 4, 2026. A dividend has been paid every year since at least 2020. The payout ratio is 69.9% of earnings. Free cash flow covers the dividend 1.13 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Igis Value Plus Reit Co Ltd (334890)?
For today's price to be fair in a discounted-cash-flow model, Igis Value Plus Reit Co Ltd would have to grow free cash flow by +10.2 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -10.8 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 334890 use?
Our models discount Igis Value Plus Reit Co Ltd at 11.6 %: a base by market capitalisation (micro), damped by beta 0.22, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Igis Value Plus Reit Co Ltd that is +10.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Igis Value Plus Reit Co Ltd (334890) delivered so far?
Over the past 5 years revenue at Igis Value Plus Reit Co Ltd grew -10.8 % a year. The price currently implies free-cash-flow growth of +10.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Igis Value Plus Reit Co Ltd (334890) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Igis Value Plus Reit Co Ltd (+10.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Igis Value Plus Reit Co Ltd (334890)?
The free-cash-flow yield on the price is 12.48 %: that much free cash flow Igis Value Plus Reit Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Igis Value Plus Reit Co Ltd (334890)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Igis Value Plus Reit Co Ltd it is 3,688 KRW per share (as of Nov 8, 2026), against a price of 2,895 KRW. It is the blended result of 15 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Igis Value Plus Reit Co Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 334890 trades below its calculated fair value: price 2,895 KRW, fair value 3,688 KRW, a gap of about +27% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 334890?
No. The price is what the market pays today (2,895 KRW); the fair value is what the company's own numbers justify (3,688 KRW). For Igis Value Plus Reit Co Ltd the two are 793.18 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Igis Value Plus Reit Co Ltd worth?
The market values Igis Value Plus Reit Co Ltd at about 151B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 2,895 KRW; our models calculate a fair value of 3,688 KRW per share.
What do the bullish and bearish scenarios say about 334890?
Our models span a range for Igis Value Plus Reit Co Ltd: cautious scenario 2,844 KRW, base 3,688 KRW, optimistic 4,564 KRW per share (as of Nov 8, 2026, price 2,895 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 334890?
Igis Value Plus Reit Co Ltd trades at a price-to-earnings ratio of 6.3 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 3,688 KRW is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2020 to 2025), reported earnings: 5.7. Other multiples: P/B 0.3, P/S 3.6, EV/EBITDA 5.6.
How solid is the balance sheet of Igis Value Plus Reit Co Ltd (334890)?
Balance-sheet figures for Igis Value Plus Reit Co Ltd (as of Nov 8, 2026): return on equity 5.8%, debt of 0.08 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 334890 from its 52-week high?
Igis Value Plus Reit Co Ltd trades at 2,895 KRW, about 31% below its 52-week high of 4,191 KRW and 1% above the low of 2,880 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 3,688 KRW is for.
Which stocks are comparable to Igis Value Plus Reit Co Ltd?
From the same area (Real Estate) we also value BXP, Inc, MERLIN Properties SOCIMI, S.A, Alexandria Real Estate Equities, Inc, Vornado Realty Trust, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Igis Value Plus Reit Co Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 2,895 KRW, calculated fair value 3,688 KRW (+27%), Quality Score 57/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 334890 calculated?
We run Igis Value Plus Reit Co Ltd through 15 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 3,688 KRW builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Igis Value Plus Reit Co Ltd currently trades 22% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Igis Value Plus Reit Co Ltd (334890)?
The closing price on Nov 6, 2026 was 2,895 KRW. Our model-based fair value is 3,688 KRW, about +27% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Igis Value Plus Reit Co Ltd right now?
Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Igis Value Plus Reit Co Ltd
How large is the market capitalisation of Igis Value Plus Reit Co Ltd (334890)?
The market capitalisation of Igis Value Plus Reit Co Ltd is 151B KRW (≈ $112M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Igis Value Plus Reit Co Ltd (334890)?
The price-to-sales ratio of Igis Value Plus Reit Co Ltd is 3.57 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Igis Value Plus Reit Co Ltd (334890)?
Earnings per share at Igis Value Plus Reit Co Ltd are 457.54 KRW (price ÷ EPS = P/E 6.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Igis Value Plus Reit Co Ltd (334890)?
The dividend yield of Igis Value Plus Reit Co Ltd is 11.1% (payout 69.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Igis Value Plus Reit Co Ltd (334890)?
The net margin of Igis Value Plus Reit Co Ltd is 56.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Igis Value Plus Reit Co Ltd (334890)?
The return on equity (ROE) of Igis Value Plus Reit Co Ltd is 5.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Igis Value Plus Reit Co Ltd (334890)?
On an EBIT basis the return on assets of Igis Value Plus Reit Co Ltd is 7.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Igis Value Plus Reit Co Ltd (334890)?
The operating margin of Igis Value Plus Reit Co Ltd is 87.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much net debt does Igis Value Plus Reit Co Ltd (334890) carry?
The net debt of Igis Value Plus Reit Co Ltd is 110B KRW (fiscal year 2025, ≈ 5.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 8, 2026