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STOCK COMPARISON

IGB Real Estate Investment Trust vs Simon Property Group: Fair Value & Quality

Both stocks run through our valuation models. Here is how IGB Real Estate Investment Trust (5227) and Simon Property Group (SPG) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees IGB Real Estate Investment Trust as the less overvalued of the two: IGB Real Estate Investment Trust trades at MYR 2.75 versus a fair value of MYR 1.55 (-44%), while Simon Property Group trades at $223 versus $86.11 (-61%).
IGB Real Estate Investment Trust
5227.KLSE · MYR · Real Estate
-44%
upside to fair value
overvalued
PriceMYR 2.75
Fair ValueMYR 1.55
Quality59/100
Simon Property Group
SPG · USD · Real Estate
-61%
upside to fair value
overvalued
Price$223
Fair Value$86.11
Quality57/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

IGB Real Estate Investment TrustSimon Property Group
Valuation
14.4×P/E (TTM)14.9×
3.64×P/S (TTM)12.26×
0.46×P/B15.65×
8.7×EV/EBITDA22.2×
2.08×PEG8.74×
4.6%Dividend yield4.1%
MYR 0.13Dividend per share$8.65
Profitability
90%Net margin71%
72%Operating margin43%
14%Return on equity114%
5%Return on assets6%
Growth
52%Revenue growth (YoY)19%
8.2%Avg. growth/yr (3Y)6.3%
8.4%Avg. growth/yr (5Y)6.7%
Balance & size
0.36×Debt / equity5.46×
$3BMarket cap$82B
healthyGrowth qualityhealthy

IGB Real Estate Investment Trust leads: 12 to 2 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

IGB Real Estate Investment Trustof which business quality 59 · market factors 55 Simon Property Groupof which business quality 54 · market factors 73
ProfitabilityMargins and returns on capital today
42
59
Quality GrowthAre margins and returns improving?
50
70
CashflowEarnings quality: real cash, not paper profit
79
77
Fin. StrengthBalance sheet, leverage, solvency risk
63
9
InvestmentDisciplined investing over empire-building
37
35
Low VolatilityCalm price path (market factor)
93
62
MomentumPrice trend over the last 3–12 months (market factor)
38
69
52W MomentumDistance to the 52-week high (market factor)
41
90
Net IssuanceBuybacks instead of dilution
71
83

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

IGB Real Estate Investment Trust

DCF ModelsMYR 1.40
Dividend DiscountMYR 1.61
MultiplesMYR 1.47
Asset-BasedMYR 0.97
Growth DCFMYR 1.13
Economic ProfitMYR 1.45

16 of 16 models see the stock below the current price.

Simon Property Group

DCF Models$96.96
Dividend Discount$144
Multiples$128
Asset-Based$10.76
Growth DCF$77.98
Economic Profit$92.53

16 of 16 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

IGB Real Estate Investment Trust
Bear MYR 0.98Fair Value MYR 1.55Bull MYR 2.53
MYR 2.75 = current price (white tick)
Simon Property Group
Bear $63.23Fair Value $86.11Bull $159
$223 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

IGB Real Estate Investment Trust · Real Estate

Quality score59 · above median
Fair value upside-44% · bottom 25%

Simon Property Group · Real Estate

Quality score57 · above median
Fair value upside-61% · bottom 25%

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees IGB Real Estate Investment Trust as the less overvalued of the two: IGB Real Estate Investment Trust trades at MYR 2.75 versus a fair value of MYR 1.55 (-44%), while Simon Property Group trades at $223 versus $86.11 (-61%).

IGB Real Estate Investment Trust has the higher quality score (59/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.