IGM Financial Inc.

OTCPK:IGIF.F Stock Report

Market Cap: US$11.7b

IGM Financial Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 IGIF.F 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: IGIF.F ($51.21) is trading below our estimate of future cash flow value ($67.68)

Significantly Below Future Cash Flow Value: IGIF.F is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IGIF.F?

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

The above table shows the Price to Earnings ratio for IGIF.F. This is calculated by dividing IGIF.F's market cap by their current earnings.
What is IGIF.F's PE Ratio?
PE Ratio15x
EarningsCA$1.10b
Market CapCA$16.16b

Price to Earnings Ratio vs Peers

How does IGIF.F's PE Ratio compare to its peers?

The above table shows the PE ratio for IGIF.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.6x
BEN Franklin Resources
23.8x17.08%US$13.0b
SEIC SEI Investments
13.5x6.06%US$9.4b
JHG Janus Henderson Group
10x-4.46%US$8.0b
OWL Blue Owl Capital
71.3x25.79%US$12.8b
IGIF.F IGM Financial
15x3.91%US$16.2b

Price-To-Earnings vs Peers: IGIF.F is good value based on its Price-To-Earnings Ratio (15x) compared to the peer average (29.6x).

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 IGIF.F's PE Ratio compare vs other companies in the US Capital Markets Industry?

20 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GAM General American Investors Company
4.5xn/aUS$1.48b
ASA ASA Gold and Precious Metals
1.9xn/aUS$1.27b
MUDS Mudrick Capital Acquisition Corporation II
3.4xn/aUS$401.64m
CRRC.F Cohn Robbins Holdings
4.3xn/aUS$283.01m
IGIF.F 15.0xIndustry Avg. 39.3xNo. of Companies68PE020406080100+
20 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IGIF.F is good value based on its Price-To-Earnings Ratio (15x) compared to the US Capital Markets industry average (39.1x).

Price to Earnings Ratio vs Fair Ratio

What is IGIF.F'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.

IGIF.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15x
Fair PE Ratio12.6x

Price-To-Earnings vs Fair Ratio: IGIF.F is expensive based on its Price-To-Earnings Ratio (15x) compared to the estimated Fair Price-To-Earnings Ratio (12.6x).

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 IGIF.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$51.21
US$50.91
-0.59%
8.44%US$59.85US$45.25n/a8
Apr ’27US$48.63
US$50.91
+4.68%
8.44%US$59.85US$45.25n/a8
Mar ’27US$49.64
US$50.91
+2.55%
8.44%US$59.85US$45.25n/a8
Feb ’27US$48.19
US$47.46
-1.51%
7.09%US$50.67US$40.39n/a8
Jan ’27US$45.11
US$43.92
-2.63%
7.14%US$48.37US$39.12n/a8
Dec ’26US$40.76
US$43.92
+7.76%
7.14%US$48.37US$39.12n/a8
Nov ’26US$38.50
US$41.07
+6.68%
7.79%US$48.04US$38.72n/a7
Oct ’26US$36.27
US$38.54
+6.26%
6.99%US$41.84US$35.35n/a7
Sep ’26US$35.82
US$38.54
+7.60%
6.99%US$41.84US$35.35n/a7
Aug ’26US$32.88
US$36.44
+10.84%
9.05%US$40.47US$33.24n/a7
Jul ’26US$32.00
US$35.49
+10.90%
8.32%US$39.57US$30.78n/a7
Jun ’26US$31.94
US$35.70
+11.77%
8.02%US$39.34US$30.60n/a7
May ’26US$31.70
US$35.62
+12.36%
8.79%US$40.47US$30.35n/a7
Apr ’26US$30.77
US$35.54
+15.52%
7.42%US$38.92US$32.66US$48.637
Mar ’26US$31.39
US$35.74
+13.86%
7.42%US$39.13US$32.84US$49.647
Feb ’26US$31.93
US$34.56
+8.23%
6.20%US$38.82US$32.58US$48.197
Jan ’26US$31.96
US$35.45
+10.91%
6.51%US$39.93US$32.80US$45.117
Dec ’25US$33.55
US$35.45
+5.66%
6.51%US$39.93US$32.80US$40.767
Nov ’25US$30.28
US$32.85
+8.48%
9.76%US$38.08US$28.02US$38.507
Oct ’25US$30.24
US$31.63
+4.58%
6.92%US$34.57US$28.68US$36.277
Sep ’25US$29.49
US$31.63
+7.24%
6.92%US$34.57US$28.68US$35.827
Aug ’25US$27.69
US$31.40
+13.40%
6.40%US$33.93US$28.15US$32.888
Jul ’25US$27.69
US$31.39
+13.35%
6.15%US$33.58US$27.74US$32.008
Jun ’25US$26.74
US$31.10
+16.30%
7.35%US$33.66US$27.81US$31.948
May ’25US$25.45
US$30.23
+18.82%
7.50%US$33.41US$26.87US$31.708
Apr ’25US$25.77
US$30.59
+18.71%
7.55%US$34.11US$27.44US$30.778
US$50.53
Fair Value
1.3% overvalued intrinsic discount
8
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/13 05:00
End of Day Share Price 2026/04/13 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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

IGM Financial Inc. is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John AikenBarclays
Tom MacKinnonBMO Capital Markets Equity Research
Samira AminiBofA Global Research