Mapletree Industrial Trust

SGX:ME8U Stock Report

Market Cap: S$5.6b

Mapletree Industrial Trust Valuation

Is ME8U undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of ME8U when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: ME8U (SGD1.94) is trading below our estimate of future cash flow value (SGD2)

Significantly Below Future Cash Flow Value: ME8U is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ME8U?

Key metric: As ME8U is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ME8U. This is calculated by dividing ME8U's market cap by their current earnings.
What is ME8U's PE Ratio?
PE Ratio26.2x
EarningsS$211.20m
Market CapS$5.57b

Price to Earnings Ratio vs Peers

How does ME8U's PE Ratio compare to its peers?

The above table shows the PE ratio for ME8U vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.6x
M44U Mapletree Logistics Trust
24.5x6.43%S$6.1b
BUOU Frasers Logistics & Commercial Trust
17.1x2.17%S$3.6b
A17U CapitaLand Ascendas REIT
16.6x4.39%S$12.5b
O5RU AIMS APAC REIT
12.1x-2.54%S$1.3b
ME8U Mapletree Industrial Trust
26.2x12.47%S$5.6b

Price-To-Earnings vs Peers: ME8U is expensive based on its Price-To-Earnings Ratio (26.2x) compared to the peer average (17.6x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does ME8U's PE Ratio compare vs other companies in the Asian Industrial REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ME8U 26.2xIndustry Avg. 16.5xNo. of Companies5PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ME8U is expensive based on its Price-To-Earnings Ratio (26.2x) compared to the Asian Industrial REITs industry average (16.5x).

Price to Earnings Ratio vs Fair Ratio

What is ME8U's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ME8U PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.2x
Fair PE Ratio18.8x

Price-To-Earnings vs Fair Ratio: ME8U is expensive based on its Price-To-Earnings Ratio (26.2x) compared to the estimated Fair Price-To-Earnings Ratio (18.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ME8U forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentS$1.94
S$2.03
+4.40%
6.02%S$2.22S$1.82n/a15
Jun ’27S$1.94
S$2.03
+4.86%
5.96%S$2.22S$1.82n/a14
May ’27S$1.97
S$2.06
+4.50%
6.42%S$2.25S$1.82n/a14
Apr ’27S$1.96
S$2.10
+7.18%
10.36%S$2.54S$1.65n/a14
Mar ’27S$2.04
S$2.11
+3.33%
10.32%S$2.54S$1.65n/a14
Feb ’27S$2.11
S$2.11
-0.10%
10.32%S$2.54S$1.65n/a14
Jan ’27S$2.08
S$2.18
+4.70%
8.52%S$2.54S$1.85n/a14
Dec ’26S$2.03
S$2.18
+7.28%
8.52%S$2.54S$1.85n/a14
Nov ’26S$2.13
S$2.19
+2.78%
8.61%S$2.54S$1.85n/a14
Oct ’26S$2.14
S$2.21
+3.23%
8.89%S$2.60S$1.85n/a14
Sep ’26S$2.08
S$2.21
+6.21%
8.89%S$2.60S$1.85n/a14
Aug ’26S$2.02
S$2.26
+12.02%
12.86%S$3.04S$1.85n/a14
Jul ’26S$2.02
S$2.27
+12.23%
13.04%S$3.04S$1.85n/a14
Jun ’26S$1.93
S$2.25
+16.65%
10.81%S$2.73S$1.85S$1.9414
May ’26S$2.02
S$2.44
+20.93%
11.03%S$2.82S$1.90S$1.9714
Apr ’26S$2.10
S$2.49
+18.47%
10.21%S$2.82S$1.90S$1.9614
Mar ’26S$1.98
S$2.51
+26.73%
9.87%S$2.82S$1.90S$2.0414
Feb ’26S$2.10
S$2.58
+23.03%
7.33%S$2.89S$2.25S$2.1114
Jan ’26S$2.21
S$2.63
+18.88%
7.13%S$3.05S$2.30S$2.0814
Dec ’25S$2.32
S$2.62
+12.81%
7.04%S$3.05S$2.30S$2.0314
Nov ’25S$2.40
S$2.58
+7.47%
8.28%S$3.05S$2.20S$2.1313
Oct ’25S$2.47
S$2.53
+2.49%
9.17%S$3.03S$2.15S$2.1413
Sep ’25S$2.44
S$2.48
+1.83%
7.01%S$2.78S$2.15S$2.0813
Aug ’25S$2.30
S$2.48
+8.03%
7.01%S$2.78S$2.15S$2.0213
Jul ’25S$2.11
S$2.52
+19.21%
8.65%S$2.93S$2.15S$2.0213
Jun ’25S$2.20
S$2.52
+14.65%
9.19%S$3.02S$2.15S$1.9313
S$2.03
Fair Value
4.2% undervalued intrinsic discount
15
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/23 16:47
End of Day Share Price 2026/06/23 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mapletree Industrial Trust is covered by 21 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kwok Yi LouieBarclays
Tricia SongBarclays
Donald ChuaBofA Global Research