diff --git a/benchmarks/performance/invertBy.bench.ts b/benchmarks/performance/invertBy.bench.ts
new file mode 100644
index 000000000..9f0220488
--- /dev/null
+++ b/benchmarks/performance/invertBy.bench.ts
@@ -0,0 +1,15 @@
+import { bench, describe } from 'vitest';
+import { invertBy as invertByWithCompatToolkit } from 'es-toolkit/compat';
+import { invertBy as invertByWithLodash } from 'lodash';
+
+const object = { a: 1, b: 2, c: 1, d: 4 };
+
+describe('invertBy', () => {
+  bench('lodash/invertBy', () => {
+    invertByWithLodash(object);
+  });
+
+  bench('es-toolkit/compat/invertBy', () => {
+    invertByWithCompatToolkit(object);
+  });
+});
diff --git a/docs/ja/reference/compat/object/invertBy.md b/docs/ja/reference/compat/object/invertBy.md
new file mode 100644
index 000000000..f4720f1e4
--- /dev/null
+++ b/docs/ja/reference/compat/object/invertBy.md
@@ -0,0 +1,40 @@
+# invertBy
+
+::: info
+この関数は互換性のために `es-toolkit/compat` からのみインポートできます。代替可能なネイティブ JavaScript API があるか、まだ十分に最適化されていないためです。
+
+`es-toolkit/compat` からこの関数をインポートすると、[lodash と完全に同じように動作](../../../compatibility.md)します。
+:::
+
+与えられたオブジェクトのキーと値を [invert](../../object/invert.md) 関数のように反転させた新しいオブジェクトを生成します。
+
+値がどのようにキーに反転されるかを `iteratee` 関数で指定します。`iteratee` 関数が与えられない場合、値はそのままキーとして使用されます。
+
+新しいオブジェクトの値は、`iteratee` 関数が返した値が同じキーの配列になります。
+
+## インターフェース
+
+```typescript
+function invertBy<K extends PropertyKey, V>(object: Record<K, V>, iteratee?: (value: V) => string): Record<string, K[]>;
+```
+
+### パラメータ
+
+- `object` (`Record<K, V>`): 反転するオブジェクト。
+- `iteratee` (`(value: V) => string`): オブジェクトのキーとして反転される値を別の文字列に変換する方法を指定する関数。提供されない場合、値はそのままキーとして反転されます。
+
+### 戻り値
+
+(`Record<string, K[]>`): キーと値が反転したオブジェクト。キーは `iteratee` 関数で変換された値になり、値は `iteratee` 関数が返した値が同じキーの配列です。
+
+## 例
+
+```typescript
+const obj = { a: 1, b: 2, c: 1 };
+const result = invertBy(obj);
+// result => { '1': ['a', 'c'], '2': ['b'] }
+
+const obj = { a: 1, b: 2, c: 1 };
+const result = invertBy(obj, value => `group${value}`);
+// result => { 'group1': ['a', 'c'], 'group2': ['b'] }
+```
diff --git a/docs/ko/reference/compat/object/invertBy.md b/docs/ko/reference/compat/object/invertBy.md
new file mode 100644
index 000000000..efa97d0c3
--- /dev/null
+++ b/docs/ko/reference/compat/object/invertBy.md
@@ -0,0 +1,40 @@
+# invertBy
+
+::: info
+이 함수는 호환성을 위한 `es-toolkit/compat` 에서만 가져올 수 있어요. 대체할 수 있는 네이티브 JavaScript API가 있거나, 아직 충분히 최적화되지 않았기 때문이에요.
+
+`es-toolkit/compat`에서 이 함수를 가져오면, [lodash와 완전히 똑같이 동작](../../../compatibility.md)해요.
+:::
+
+주어진 객체의 키와 값을 [invert](../../object/invert.md) 함수처럼 뒤집은 새로운 객체를 생성해요.
+
+값이 어떻게 키로 뒤집힐지를 `iteratee` 함수로 지정해요. `iteratee` 함수가 주어지지 않으면, 값이 그대로 키로 사용돼요.
+
+새로운 객체의 값은, `iteratee` 함수가 반환한 값이 같은 키들의 배열이 돼요.
+
+## 인터페이스
+
+```typescript
+function invertBy<K extends PropertyKey, V>(object: Record<K, V>, iteratee?: (value: V) => string): Record<string, K[]>;
+```
+
+### 파라미터
+
+- `object` (`Record<K, V>`): 값을 뒤집을 객체.
+- `iteratee` (`(value: V) => string`): 객체의 키로 뒤집힐 값을 다른 문자열로 바꾸는 방법을 지정하는 함수. 제공되지 않으면, 값이 그대로 키로 뒤집혀요.
+
+### 반환 값
+
+(`Record<string, K[]>`): 키와 값이 뒤집힌 객체. 키는 `iteratee` 함수로 변환된 값이 되고, 값은 `iteratee` 함수가 반환한 값이 같은 키들의 배열이에요.
+
+## 예시
+
+```typescript
+const obj = { a: 1, b: 2, c: 1 };
+const result = invertBy(obj);
+// result => { '1': ['a', 'c'], '2': ['b'] }
+
+const obj = { a: 1, b: 2, c: 1 };
+const result = invertBy(obj, value => `group${value}`);
+// result => { 'group1': ['a', 'c'], 'group2': ['b'] }
+```
diff --git a/docs/reference/compat/object/invertBy.md b/docs/reference/compat/object/invertBy.md
new file mode 100644
index 000000000..837f8f272
--- /dev/null
+++ b/docs/reference/compat/object/invertBy.md
@@ -0,0 +1,41 @@
+# invertBy
+
+::: info
+This function is only available in `es-toolkit/compat` for compatibility reasons. It either has alternative native JavaScript APIs or isn’t fully optimized yet.
+
+When imported from `es-toolkit/compat`, it behaves exactly like lodash and provides the same functionalities, as detailed [here](../../../compatibility.md).
+:::
+
+Creates a new object that reverses the keys and values of the given object, similar to the [invert](../../object/invert.md) function.
+
+The `iteratee` function specifies how the values are reversed into keys. If no `iteratee` function is provided, the values are used as keys as-is.
+
+The values of the new object are arrays of keys that correspond to the value returned by the `iteratee` function.
+
+## Signature
+
+```typescript
+function invertBy<K extends PropertyKey, V>(object: Record<K, V>, iteratee?: (value: V) => string): Record<string, K[]>;
+```
+
+### Parameters
+
+- `object` (`Record<K, V>`): The object to iterate over.
+- `iteratee` (`(value: V) => string`): A function applied to each value to generate a key. If not provided, defaults to a function that converts the value to a string.
+
+### Returns
+
+- `(Record<string, K[]>)`: An object where each key is the result of the iteratee, and the corresponding value is an array of property names from the input object that produced that value.
+
+### Examples
+
+```typescript
+import { invertBy } from 'es-toolkit/compat';
+
+const obj = { a: 1, b: 2, c: 1 };
+const result = invertBy(obj);
+console.log(result); // => { '1': ['a', 'c'], '2': ['b'] }
+
+const customResult = invertBy(obj, value => `group${value}`);
+console.log(customResult); // => { 'group1': ['a', 'c'], 'group2': ['b'] }
+```
diff --git a/docs/zh_hans/reference/compat/object/invertBy.md b/docs/zh_hans/reference/compat/object/invertBy.md
new file mode 100644
index 000000000..9e688e44a
--- /dev/null
+++ b/docs/zh_hans/reference/compat/object/invertBy.md
@@ -0,0 +1,40 @@
+# invertBy
+
+::: info
+出于兼容性原因，此函数仅在 `es-toolkit/compat` 中提供。它可能具有替代的原生 JavaScript API，或者尚未完全优化。
+
+从 `es-toolkit/compat` 导入时，它的行为与 lodash 完全一致，并提供相同的功能，详情请见 [这里](../../../compatibility.md)。
+:::
+
+给定对象的键和值会像 [invert](../../object/invert.md) 函数一样被反转，生成一个新的对象。
+
+如何将值反转为键由 `iteratee` 函数指定。如果未提供 `iteratee` 函数，则值将直接用作键。
+
+新对象的值是 `iteratee` 函数返回的值对应的键的数组。
+
+## 签名
+
+```typescript
+function invertBy<K extends PropertyKey, V>(object: Record<K, V>, iteratee?: (value: V) => string): Record<string, K[]>;
+```
+
+### 参数
+
+- `object` (`Record<K, V>`): 需要反转的对象。
+- `iteratee` (`(value: V) => string`): 指定如何将对象的值转换为其他字符串的函数。如果未提供，则值将直接用作键。
+
+### 返回值
+
+(`Record<string, K[]>`): 反转后的对象。键是通过 `iteratee` 函数转换的值，值是与这些值相同的键的数组。
+
+## 示例
+
+```typescript
+const obj = { a: 1, b: 2, c: 1 };
+const result = invertBy(obj);
+// result => { '1': ['a', 'c'], '2': ['b'] }
+
+const obj = { a: 1, b: 2, c: 1 };
+const result = invertBy(obj, value => `group${value}`);
+// result => { 'group1': ['a', 'c'], 'group2': ['b'] }
+```
diff --git a/src/compat/index.ts b/src/compat/index.ts
index 8d13237af..8dad85957 100644
--- a/src/compat/index.ts
+++ b/src/compat/index.ts
@@ -77,6 +77,7 @@ export { mergeWith } from './object/mergeWith.ts';
 export { fromPairs } from './object/fromPairs.ts';
 export { unset } from './object/unset.ts';
 export { cloneDeep } from './object/cloneDeep.ts';
+export { invertBy } from './object/invertBy.ts';
 
 export { isPlainObject } from './predicate/isPlainObject.ts';
 export { isArray } from './predicate/isArray.ts';
diff --git a/src/compat/object/invertBy.spec.ts b/src/compat/object/invertBy.spec.ts
new file mode 100644
index 000000000..d4b233eda
--- /dev/null
+++ b/src/compat/object/invertBy.spec.ts
@@ -0,0 +1,36 @@
+import { describe, expect, it } from 'vitest';
+import { invertBy } from './invertBy.ts';
+
+/**
+ * @see https://github.com/lodash/lodash/blob/6a2cc1dfcf7634fea70d1bc5bd22db453df67b42/test/invertBy.spec.js
+ */
+
+describe('invertBy', () => {
+  const object = { a: 1, b: 2, c: 1 };
+
+  it('should transform keys by `iteratee`', () => {
+    const expected = { group1: ['a', 'c'], group2: ['b'] };
+
+    const actual = invertBy(object, value => `group${value}`);
+
+    expect(actual).toEqual(expected);
+  });
+
+  it('should use `identity` when `iteratee` is nullish', () => {
+    const values = [undefined, null];
+    const expected = values.map(() => ({ '1': ['a', 'c'], '2': ['b'] }));
+
+    const actual = values.map((value, index) => (index ? invertBy(object, value as any) : invertBy(object)));
+
+    expect(actual).toEqual(expected);
+  });
+
+  it('should only add multiple values to own, not inherited, properties', () => {
+    const objectWithInheritedProps = { a: 'hasOwnProperty', b: 'constructor' };
+    const expected = { hasOwnProperty: ['a'], constructor: ['b'] };
+
+    const actual = invertBy(objectWithInheritedProps);
+
+    expect(actual).toEqual(expected);
+  });
+});
diff --git a/src/compat/object/invertBy.ts b/src/compat/object/invertBy.ts
new file mode 100644
index 000000000..eabfaef5b
--- /dev/null
+++ b/src/compat/object/invertBy.ts
@@ -0,0 +1,58 @@
+import { isNil } from '../../predicate/isNil.ts';
+import { identity } from '../_internal/identity.ts';
+
+/**
+ * Creates a new object that reverses the keys and values of the given object, similar to the invert.
+ *
+ * The `iteratee` function specifies how the values are reversed into keys. If no `iteratee` function is provided, the values are used as keys as-is.
+ *
+ * The values of the new object are arrays of keys that correspond to the value returned by the `iteratee` function.
+ *
+ * @param {Record<K, V>} object - The object to iterate over.
+ * @param {(value: V) => string} [iteratee] - Optional. A function that generates a key based on each value in the object.
+ * If not provided, the function defaults to using the value as a string.
+ *
+ * @returns {Record<string, K[]>} An object where the keys are generated by the iteratee, and the values
+ * are arrays of property names (keys) from the input object that correspond to those keys.
+ *
+ * @example
+ * const obj = { a: 1, b: 2, c: 1 };
+ * const result = invertBy(obj);
+ * // result => { '1': ['a', 'c'], '2': ['b'] }
+ *
+ * @example
+ * const obj = { a: 1, b: 2, c: 1 };
+ * const result = invertBy(obj, value => `group${value}`);
+ * // result => { 'group1': ['a', 'c'], 'group2': ['b'] }
+ */
+export function invertBy<K extends PropertyKey, V>(
+  object: Record<K, V>,
+  iteratee?: (value: V) => string
+): Record<string, K[]> {
+  const result = {} as Record<string, K[]>;
+
+  if (isNil(object)) {
+    return result;
+  }
+
+  if (iteratee == null) {
+    iteratee = identity as (value: V) => string;
+  }
+
+  const keys = Object.keys(object);
+
+  for (let i = 0; i < keys.length; i++) {
+    const key = keys[i] as K;
+
+    const value = object[key];
+    const valueStr = iteratee(value);
+
+    if (Array.isArray(result[valueStr])) {
+      result[valueStr].push(key);
+    } else {
+      result[valueStr] = [key];
+    }
+  }
+
+  return result;
+}