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IJM Corporation Bhd (3336) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of IJM Corporation Bhd stock MYR 0.56, price MYR 2.51, that is 77.8% below the price, quality 37 out of 100. Rating: strongly overvalued. Calculated from audited financials with 7 of our 26 valuation models and 37 quality factors, updated daily.

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Industrials MY · ISIN MYL3336OO004

IC IJM Corporation Bhd logo Thin data Nov 7, 2026

IJM Corporation Bhd

3336 · KLSE
Very expensive, weak quality

Our calculation puts a fair price 78% below what the stock costs today.

Low debt
Last quarter vs. a year ago: revenue +32%, profit +44%.
Expensive Growth (revenue 5y +8.0 %/yr in MYR)
Thin margins · 1.3% net margin (TTM)
Fair value 0.5580 MYR · Strongly overvalued (−77.8%)
Quality 37/100
Negative free cash flow
2.8% dividend yield · Pays more than it earns
Trails peers (4/14)
Narrow moat 29/100 · thin data
Thin data
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Price vs Fair Value

3.43 MYR 1.21 MYR Fair Value 0.5580 MYR Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

60‑month range 1.21 MYR – 3.43 MYR · fair‑value band 0.4140 MYR – 0.7020 MYR · the 2.51 MYR price screens above the 0.5580 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.

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Company profile

IJM Corporation Berhad engages in the construction business in Malaysia, India, and the United Kingdom. It operates through Construction, Property Development, Manufacturing and Quarrying, Infrastructure " Tollway, and Infrastructure - Port segments.

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The company offers civil engineering works; commercial and cultural complexes, including shopping malls and other public buildings; restoration and refurbishment works for local authorities and commercial property owners; highways, roads, and bridges; water supply projects, gas turbine facilities, and hydroelectric power stations; and railways and metro systems.

It also involved in the development of land into vacant lots, residential, and commercial and/or industrial buildings; production and sale of concrete products, including spun concrete piles, ready-mixed concrete, and PC bars; sell and rents scaffoldings used in the construction of bridges infrastructure works, high-rise buildings, and shipyards; and quarrying activities.

In addition, the company operates and maintains tolls and highways; and operates a port concession.

Further, the company provides telecommunication and surveillance systems; financing and related management services; insurance agency services; soil investigation, testing, foundation laying, treatment, and piling services; promotional and marketing services; advertising services; port supporting services, stevedorage, and storage handling; and providing nitrogen purging and pigging services.

Additionally, it involved in operating telecommunication tower; trading in construction materials; sale of electricity; operating resort, marina, golf course, and club house; letting and operating of own real estate; and processing and sales of steel bars.

IJM Corporation Berhad was incorporated in 1983 and is headquartered in Petaling Jaya, Malaysia.

Stock analysis

IJM Corporation Bhd (3336) currently trades at 2.51 MYR, while our model-based Fair Value estimate is 0.5580 MYR, 78% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Economic Profit group reads highest at a median of 1.68 MYR per share, and 0 of the 7 models we run sit above the 2.51 MYR price.

Bear case: the Earnings-Based group reads lowest at 0.2600 MYR, and 7 of the 7 models stay below the price. Data coverage for this calculation is low.

Scenario range: 0.4140 MYR (bear) to 0.7020 MYR (bull), the price of 2.51 MYR sits above 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 37/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

IJM Corporation Bhd reported revenue of 6.9B MYR in FY2026 versus 4.4B MYR in FY2022, a compound +11.8%/yr. Reported net income was 54.4M MYR in FY2026, compounding −49.6%/yr from FY2022.

Key figures

Market cap 9.2B MYR (≈ $2.3B) Mid · P/E ratio 251.0 · P/S ratio 1.20 · EPS (TTM) 0.0100 MYR · Dividend yield 2.8% · Net margin 1.3% · Return on equity 0.3% · Return on assets (EBIT) 4.0% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (low confidence).

What moves the price

The share trades about 14% below its 52-week high and 26% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at −78%, 3336 screens richer than that median.

Fair Value models

Bear 0.4140 MYR Fair Value 0.5580 MYR Bull 0.7020 MYR
Price 2.51 MYR · Downside -77.8%
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. 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.
Best data coverage
Residual Income 1.59 MYR 1.68 MYR 1.81 MYR 76
DDM Multi-Stage 0.3200 MYR 0.4800 MYR 0.6400 MYR 67
Gordon GGM 0.3200 MYR 0.5900 MYR 0.9300 MYR 66
All 7 models by family
Earnings-Based
Graham-Dodd 0.1000 MYR 0.2600 MYR 0.3300 MYR 65
Dividend Discount
Gordon GGM 0.3200 MYR 0.5900 MYR 0.9300 MYR 66
DDM Multi-Stage 0.3200 MYR 0.4800 MYR 0.6400 MYR 67
Multiples
P/E Multiple 0.2300 MYR 0.3100 MYR 0.3900 MYR 63
P/B Multiple 1.46 MYR 1.95 MYR 2.44 MYR 55
Asset-Based
NCAV (Graham) 0.8800 MYR 1.33 MYR 1.67 MYR 54
Economic Profit
Residual Income 1.59 MYR 1.68 MYR 1.81 MYR 76

The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 37/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 15
How much profit the company makes from its sales and capital
Quality Growth 29
Are margins and returns getting better?
Cashflow 4
Do the profits arrive as real cash?
Financial strength 37
Debt, balance sheet and risk of trouble
Investment 70
Does it invest with discipline instead of growing at any price?
Low Volatility 78
How calm the share price moves, does not count
Price momentum 50
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 48
Distance to the 52-week high, does not count
New shares 83
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+10.0%
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.
+14.6%
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.
+8.0%
Start year 2021 (pandemic). Over 10 years: +3.0% a year
Revenue growth 13 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.
+3.0%
What shareholders gained per year (last 5 years), in MYR ⓘ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 MYR: 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.
−32.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−34.9%
Dividend (yield on the price)2.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−34.9% vs −21.8%, slowing
Profit margin 2020 to 2026 ⓘ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.13% → 9%
Pace: the 5-year rate starts in 2021 (pandemic)

3336 screens overvalued: fair value 78% below the price. Compare with 3M Company →

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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.Conglomerates · 305 stocks

Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside −77.8% · Bottom 25%
Profitability
Return on equity (12 months) 0.3% · Bottom 25%
Return on assets 0.5% · Bottom 25%
Net margin (12 months) 2.7% · Below median
Operating margin (12 months) 11.9% · Above median
Growth and dividend
Revenue growth (quarter YoY) 32.2% · Top 25%
Dividend yield (12 months) 2.8% · Above median
Balance sheet
Debt / equity 0.38× · Above median

Valuation Multiplesvs Conglomerates median · lower = cheaper

P/E (12 months) 251.0× · Priciest 25%
P/B 0.92× · Cheaper than median
P/S (12 months) 2.58× · Priciest 25%
EV/EBITDA 32.9× · Priciest 25%
PEG 1.22× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 51
FUTURE (revenue growth)100 · sector 38
PAST (return on equity)1 · sector 29
HEALTH (low debt)81 · sector 89
DIVIDEND (yield)56 · sector 46

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Conglomerates stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
PT Astra International Tbk, ASII 5,000 IDR 9,860 IDR +97% vs 3336
SK Inc 034730 445,000 KRW 632,391 KRW +42% vs 3336
Honeywell International Inc HON $220.05 $245.42 +12% vs 3336
Kingdom Holding 4280 12.16 SAR 13.40 SAR +10% vs 3336
Jardine Matheson Holdings J36 $60.84 $66.74 +10% vs 3336
SGH Limited SGH A$42.46 A$34.87 −18% vs 3336
Keppel Ltd BN4 9.45 SGD 3.87 SGD −59% vs 3336
3M Company MMM $185.15 $73.02 −61% vs 3336
Swire Pacific Limited 0019 HK$112.20 HK$27.75 −75% vs 3336
Doosan Corporation 000150 638,000 KRW 95,752 KRW −85% vs 3336

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IJM Corporation Bhd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "IJM Corporation Bhd Fair Value". https://www.fairvalue-calculator.com/stock/3336

Frequently asked questions

Is IJM Corporation Bhd (3336) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 0.5580 MYR versus a price of 2.51 MYR, about 78% lower (overvalued).
What is the fair value of 3336?
Our model-based fair value for IJM Corporation Bhd is 0.5580 MYR (as of Nov 7, 2026), built from audited fundamentals. The current price: 2.51 MYR.
What is the quality score of 3336?
IJM Corporation Bhd has a Quality Score of 37/100. 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 IJM Corporation Bhd (3336)?
Our model-based price target is the fair value of 0.5580 MYR (as of Nov 7, 2026) from 7 valuation models. Cautious scenario 0.4140 MYR, optimistic scenario 0.7020 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the IJM Corporation Bhd stock forecast for 2026?
Our models put fair value at 0.5580 MYR, about 78% lower versus a price of 2.51 MYR (overvalued). Cautious scenario 0.4140 MYR, optimistic scenario 0.7020 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of IJM Corporation Bhd (3336)?
IJM Corporation Bhd reported trailing-twelve-month revenue of about 7.3B MYR (latest available figure, as of Nov 7, 2026).
Does IJM Corporation Bhd pay a dividend?
IJM Corporation Bhd currently shows a dividend yield of 2.79% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of IJM Corporation Bhd (3336) and when is the ex-dividend date?
IJM Corporation Bhd pays a dividend of 0.07 MYR per share a year, a dividend yield of 2.8%. The last ex-dividend date was Sep 29, 2026. A dividend has been paid every year since at least 1994. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of IJM Corporation Bhd (3336)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IJM Corporation Bhd it is 0.5580 MYR per share (as of Nov 7, 2026), against a price of 2.51 MYR. It is the blended result of 7 valuation models in 5 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is IJM Corporation Bhd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 3336 trades above its calculated fair value: price 2.51 MYR, fair value 0.5580 MYR, a gap of about −78% (overvalued). 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 3336?
No. The price is what the market pays today (2.51 MYR); the fair value is what the company's own numbers justify (0.5580 MYR). For IJM Corporation Bhd the two are 1.95 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is IJM Corporation Bhd worth?
The market values IJM Corporation Bhd at about 9.2B MYR (market capitalisation, as of Nov 7, 2026). Per share that is 2.51 MYR; our models calculate a fair value of 0.5580 MYR per share.
What do the bullish and bearish scenarios say about 3336?
Our models span a range for IJM Corporation Bhd: cautious scenario 0.4140 MYR, base 0.5580 MYR, optimistic 0.7020 MYR per share (as of Nov 7, 2026, price 2.51 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3336?
IJM Corporation Bhd trades at a price-to-earnings ratio of 251.0 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.5580 MYR is built from several models across several years. Other multiples: PEG 1.2, P/B 0.9, P/S 2.6, EV/EBITDA 32.9.
What is the PEG ratio of 3336?
The PEG ratio of IJM Corporation Bhd is 1.22 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of IJM Corporation Bhd (3336)?
Balance-sheet figures for IJM Corporation Bhd (as of Nov 7, 2026): return on equity 0.3%, debt of 0.38 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 3336 from its 52-week high?
IJM Corporation Bhd trades at 2.51 MYR, about 14% below its 52-week high of 2.93 MYR and 26% above the low of 1.99 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.5580 MYR is for.
Which stocks are comparable to IJM Corporation Bhd?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH Limited, 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 IJM Corporation Bhd stock attractive at the current price?
The data as of Nov 7, 2026: price 2.51 MYR, calculated fair value 0.5580 MYR (−78%), Quality Score 37/100, from 7 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 3336 calculated?
We run IJM Corporation Bhd through 7 models from 5 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 0.5580 MYR 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 13.0% above its aggregate fair value. IJM Corporation Bhd itself currently trades above fair value. 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 IJM Corporation Bhd (3336)?
The closing price on Nov 6, 2026 was 2.51 MYR. Our model-based fair value is 0.5580 MYR, about 78% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IJM Corporation Bhd right now?
The price sits above even our optimistic bull case (0.7020 MYR). The favourable scenario is already priced in. Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of IJM Corporation Bhd

How large is the market capitalisation of IJM Corporation Bhd (3336)?
The market capitalisation of IJM Corporation Bhd is 9.2B MYR (≈ $2.3B). 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 IJM Corporation Bhd (3336)?
The price-to-sales ratio of IJM Corporation Bhd is 1.20 (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 IJM Corporation Bhd (3336)?
Earnings per share at IJM Corporation Bhd are 0.0100 MYR (price ÷ EPS = P/E 251.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of IJM Corporation Bhd (3336)?
The dividend yield of IJM Corporation Bhd is 2.8%. 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 IJM Corporation Bhd (3336)?
The net margin of IJM Corporation Bhd is 1.3% (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 IJM Corporation Bhd (3336)?
The return on equity (ROE) of IJM Corporation Bhd is 0.3% (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 IJM Corporation Bhd (3336)?
On an EBIT basis the return on assets of IJM Corporation Bhd is 4.0% (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 IJM Corporation Bhd (3336)?
The operating margin of IJM Corporation Bhd is 11.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IJM Corporation Bhd (3336)?
Revenue at IJM Corporation Bhd is growing +32.2% versus a year earlier (3y avg +14.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at IJM Corporation Bhd (3336)?
Earnings per share at IJM Corporation Bhd are growing +43.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does IJM Corporation Bhd (3336) generate?
The free cash flow of IJM Corporation Bhd is −988M MYR (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does IJM Corporation Bhd (3336) carry?
The net debt of IJM Corporation Bhd is 5.6B MYR (fiscal year 2026). 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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