IGB Bhd (5606) - Net Assets

Latest as of December 2025: RM4.64 Billion MYR ≈ $1.17 Billion USD

Based on the latest financial reports, IGB Bhd (5606) has net assets worth RM4.64 Billion MYR (≈ $1.17 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM9.05 Billion ≈ $2.27 Billion USD) and total liabilities (RM4.40 Billion ≈ $1.11 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check IGB Bhd asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM4.64 Billion
% of Total Assets	51.34%
Annual Growth Rate	-0.65%
5-Year Change	20.9%
10-Year Change	81.98%
Growth Volatility	15.78

IGB Bhd - Net Assets Trend (2012–2025)

This chart illustrates how IGB Bhd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of IGB Bhd for the complete picture of this company's asset base.

Annual Net Assets for IGB Bhd (2012–2025)

The table below shows the annual net assets of IGB Bhd from 2012 to 2025. For live valuation and market cap data, see IGB Bhd market capitalisation.

Year	Net Assets	Change
2025-12-31	RM4.64 Billion ≈ $1.17 Billion	+7.83%
2024-12-31	RM4.31 Billion ≈ $1.08 Billion	+7.15%
2023-12-31	RM4.02 Billion ≈ $1.01 Billion	+6.92%
2022-12-31	RM3.76 Billion ≈ $943.88 Million	-2.12%
2021-12-31	RM3.84 Billion ≈ $964.35 Million	+6.35%
2020-12-31	RM3.61 Billion ≈ $906.79 Million	-0.07%
2019-12-31	RM3.61 Billion ≈ $907.45 Million	+5.22%
2018-12-31	RM3.44 Billion ≈ $862.42 Million	+26.72%
2017-12-31	RM2.71 Billion ≈ $680.58 Million	+6.23%
2016-12-31	RM2.55 Billion ≈ $640.69 Million	-30.77%
2015-12-31	RM3.69 Billion ≈ $925.43 Million	+16.35%
2014-12-31	RM3.17 Billion ≈ $795.38 Million	-30.98%
2013-12-31	RM4.59 Billion ≈ $1.15 Billion	-9.23%
2012-12-31	RM5.06 Billion ≈ $1.27 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to IGB Bhd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 103.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM3.15 Billion	70.78%
Other Components	RM1.30 Billion	29.22%
Total Equity	RM4.45 Billion	100.00%

IGB Bhd Competitors by Market Cap

The table below lists competitors of IGB Bhd ranked by their market capitalization.

Company	Market Cap
Collegium Pharmaceutical Inc NASDAQ:COLL	$1.19 Billion
Mirae Asset Venture Investment Co. Ltd KQ:100790	$1.20 Billion
Tong Hsing Electronic Industries Ltd TW:6271	$1.20 Billion
Henan Tong-Da Cable Co Ltd SHE:002560	$1.20 Billion
Johnson Health Tech Co Ltd TW:1736	$1.19 Billion
Olema Pharmaceuticals Inc NASDAQ:OLMA	$1.19 Billion
Capital Clean Energy Carriers Corp. NASDAQ:CCEC	$1.19 Billion
Deep Yellow Ltd AU:DYL	$1.19 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in IGB Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 4,154,986,000 to 4,448,002,000, a change of 293,016,000 (7.1%).
Net income of 361,017,000 contributed positively to equity growth.
Share repurchases of 2,586,000 reduced equity.
Other factors decreased equity by 65,415,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM361.02 Million	+8.12%
Share Repurchases	RM2.59 Million	-0.06%
Other Changes	RM-65.42 Million	-1.47%
Total Change	RM-	7.05%

Book Value vs Market Value Analysis

This analysis compares IGB Bhd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.71x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has increased from 0.58x to 0.71x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	RM4.09	RM2.39	x
2017-12-31	RM4.34	RM2.39	x
2018-12-31	RM3.26	RM2.39	x
2019-12-31	RM5.21	RM2.39	x
2020-12-31	RM4.06	RM2.39	x
2021-12-31	RM2.83	RM2.39	x
2022-12-31	RM2.78	RM2.39	x
2023-12-31	RM2.98	RM2.39	x
2024-12-31	RM3.13	RM2.39	x
2025-12-31	RM3.35	RM2.39	x

Capital Efficiency Dashboard

This dashboard shows how efficiently IGB Bhd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 8.12%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 18.88%
• Asset Turnover: 0.21x
• Equity Multiplier: 2.03x
Recent ROE (8.12%) is above the historical average (6.16%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	6.47%	13.14%	0.15x	3.25x	RM-90.16 Million
2017	7.94%	17.60%	0.15x	3.10x	RM-55.93 Million
2018	6.86%	18.10%	0.15x	2.49x	RM-107.86 Million
2019	5.77%	14.53%	0.17x	2.38x	RM-152.77 Million
2020	0.26%	0.91%	0.12x	2.38x	RM-351.93 Million
2021	4.21%	17.40%	0.10x	2.37x	RM-222.25 Million
2022	4.23%	12.32%	0.14x	2.38x	RM-216.83 Million
2023	7.76%	19.53%	0.18x	2.17x	RM-90.05 Million
2024	10.02%	24.91%	0.19x	2.11x	RM725.40K
2025	8.12%	18.88%	0.21x	2.03x	RM-83.78 Million

Industry Comparison

This section compares IGB Bhd's net assets metrics with peer companies in the Real Estate Services industry.

Industry Context

Industry: Real Estate Services
Average net assets among peers: $336,389,167
Average return on equity (ROE) among peers: -2.53%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
IGB Bhd (5606)	RM4.64 Billion	6.47%	0.95x	$1.19 Billion
Menang Corporation (Malaysia) Bhd (1694)	$431.62 Million	6.04%	1.39x	$115.20 Million
Pegasus Heights Bhd (4464)	$61.00 Million	-26.23%	0.36x	$13.58 Million
Meridian Bhd (5040)	$125.99 Million	0.77%	0.80x	$297.57K
SHL Consolidated Bhd (6017)	$933.49 Million	3.98%	0.11x	$132.52 Million
Y&G Corp Bhd (7003)	$294.24 Million	0.26%	0.32x	$17.28 Million
Bertam Alliance Bhd (9814)	$172.00 Million	0.00%	0.56x	$15.79 Million

About IGB Bhd

KLSE:5606 Malaysia Real Estate Services

Market Cap

$1.19 Billion

RM4.76 Billion MYR

Market Cap Rank

#8450 Global

#80 in Malaysia

Share Price

RM2.39

Change (1 day)

-1.65%

52-Week Range

RM2.30 - RM3.90

All Time High

RM3.90