IJM Corporation Bhd (3336) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of IJM Corporation Bhd MYR 0.59, price MYR 2.91, upside -79.6%, quality 37 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 1.25 MYR – 3.54 MYR · fair‑value band 0.4320 MYR – 0.7380 MYR · the 2.91 MYR price screens above the 0.5940 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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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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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. 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 2.91 MYR, while our model-based Fair Value estimate is 0.5940 MYR, implying the stock looks roughly 390.0% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 1.90 MYR per share, and 0 of the 7 models we run sit above the 2.91 MYR price.
Bear case: the Multiples group reads lowest at 0.2600 MYR, and 7 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.4320 MYR (bear) to 0.7380 MYR (bull), the price of 2.91 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 10.2B MYR (≈ $2.5B) · P/S ratio 1.13 · Dividend yield 3.5% · Net margin 0.8% · Return on equity 0.0% · Return on assets (EBIT) 4.0% · Operating margin 5.0% · Revenue (TTM) 6.9B MYR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 44% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 15% fair-value upside, at −80%, 3336 screens richer than that median.
Fair Value models
Bear 0.4320 MYRFair Value 0.5940 MYRBull 0.7380 MYR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.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%
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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.
−31.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−34.9%
Dividend (yield on the price)3.5%
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.−35% vs −22%, 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%
Price, fair value, quality and upside side by side.
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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 · 380 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−79% · Bottom 25%
Profitability
Return on assets2% · Above median
Net margin (TTM)1% · Below median
Operating margin (TTM)5% · Below median
Growth and dividend
Revenue growth4% · Above median
Dividend yield (TTM)3.5% · Above median
Balance sheet
Debt / equity0.38× · Above median
Valuation Multiplesvs Conglomerates median · lower = cheaper
P/B0.25× · Cheapest 25%
P/S (TTM)0.36× · Cheaper than median
EV/EBITDA4.3× · Cheaper than median
PEG1.22× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 33
FUTURE (revenue growth)21· sector 16
PAST (return on equity)0· sector 19
HEALTH (low debt)81· sector 89
DIVIDEND (yield)70· sector 40
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
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 Sep 24, 2026, our model estimates a fair value of 0.5940 MYR versus a price of 2.91 MYR, about −80% upside (overvalued).
What is the fair value of 3336?
Our model-based fair value for IJM Corporation Bhd is 0.5940 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 2.91 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 0.5940 MYR (as of Sep 24, 2026) from 7 valuation models. Cautious scenario 0.4320 MYR, optimistic scenario 0.7380 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 0.5940 MYR, about −80% upside versus a price of 2.91 MYR (overvalued). Cautious scenario 0.4320 MYR, optimistic scenario 0.7380 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 6.9B MYR (latest available figure, as of Sep 24, 2026).
Does IJM Corporation Bhd pay a dividend?
IJM Corporation Bhd currently shows a dividend yield of about 3.49% relative to its recent price (as of Sep 24, 2026).
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 0.5940 MYR per share (as of Sep 24, 2026), against a price of 2.91 MYR. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is IJM Corporation Bhd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3336 trades above its calculated fair value: price 2.91 MYR, fair value 0.5940 MYR, a gap of about −80% (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 (2.91 MYR); the fair value is what the company's own numbers justify (0.5940 MYR). For IJM Corporation Bhd the two are 2.32 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 10.2B MYR (market capitalisation, as of Sep 24, 2026). Per share that is 2.91 MYR; our models calculate a fair value of 0.5940 MYR per share.
What do the bullish and bearish scenarios say about 3336?
Our models span a range for IJM Corporation Bhd: cautious scenario 0.4320 MYR, base 0.5940 MYR, optimistic 0.7380 MYR per share (as of Sep 24, 2026, price 2.91 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
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 Sep 24, 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 Sep 24, 2026): return on equity 0.0%, 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 2.91 MYR, about 1% below its 52-week high of 2.94 MYR and 44% above the low of 2.02 MYR (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 0.5940 MYR is for.
Which stocks are comparable to IJM Corporation Bhd?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Poste Italiane S.p.A, 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 Sep 24, 2026: price 2.91 MYR, calculated fair value 0.5940 MYR (−80%), 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 four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.5940 MYR, 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 14.1 % 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 Sep 23, 2026 was 2.91 MYR. Our model-based fair value is 0.5940 MYR, about −80% upside (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 (0.7380 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 10.2B MYR (≈ $2.5B). 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 1.13 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of IJM Corporation Bhd (3336)?
The dividend yield of IJM Corporation Bhd is 3.5%. 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 0.8% (fiscal year 2026). 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 0.0% (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 5.0% (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 +4.2% 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 −86.1% 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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