IGM Financial (IGM Financial) Price-to-Tangible-Book : 2.85 (As of Apr. 26, 2024)

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What is IGM Financial Price-to-Tangible-Book?

As of today (2024-04-26), IGM Financial's share price is $24.774. IGM Financial's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $8.68. Hence, IGM Financial's Price to Tangible Book Ratio of today is 2.85.

The historical rank and industry rank for IGM Financial's Price-to-Tangible-Book or its related term are showing as below:

IGIFF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.7 Med: 12.44 Max: 15.51
Current: 2.94

During the past 13 years, IGM Financial's highest Price to Tangible Book Ratio was 15.51. The lowest was 2.70. And the median was 12.44.

IGIFF's Price-to-Tangible-Book is ranked worse than
89.59% of 1623 companies
in the Asset Management industry
Industry Median: 0.93 vs IGIFF: 2.94

A closely related ratio is called PB Ratio. As of today, IGM Financial's share price is $24.774. IGM Financial's Book Value per Sharefor the quarter that ended in Dec. 2023 was $20.85. Hence, IGM Financial's P/B Ratio of today is 1.19.

IGM Financial Price-to-Tangible-Book Historical Data

The historical data trend for IGM Financial's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

IGM Financial Price-to-Tangible-Book Chart

IGM Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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14.76

9.53

4.88

4.75

3.04

IGM Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															4.75	3.90	4.10	3.40	3.04

Competitive Comparison of IGM Financial's Price-to-Tangible-Book

For the Asset Management subindustry, IGM Financial's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

IGM Financial's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, IGM Financial's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where IGM Financial's Price-to-Tangible-Book falls into.

IGM Financial Price-to-Tangible-Book Calculation

IGM Financial's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	24.774	/	8.68
	=	2.85

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

IGM Financial Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of IGM Financial's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

IGM Financial (IGM Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » IGM Financial Inc (OTCPK:IGIFF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

C7G:Germany IGM:Canada

Address

447 Portage Avenue, Winnipeg, MB, CAN, R3B 3H5

Website

https://www.igmfinancial.com

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management subsidiary)—that provide investment management products and services. IGM had CAD 215.3 billion in assets under management, or AUM, and CAD 35.0 billion in assets under advisement, or AUA, at the end of October 2023. Investment Planning Counsel is now being accounted for as a discontinued operation, having been sold earlier this year, with the deal closed in November 2023.

IGM Financial (IGM Financial) Headlines

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