IGM Financial (TSX:IGM) 3-Year Book Growth Rate : 10.10% (As of Dec. 2023)

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What is IGM Financial 3-Year Book Growth Rate?

IGM Financial's Book Value per Share for the quarter that ended in Dec. 2023 was C$27.97.

During the past 12 months, IGM Financial's average Book Value per Share Growth Rate was 9.60% per year. During the past 3 years, the average Book Value per Share Growth Rate was 10.10% per year. During the past 5 years, the average Book Value per Share Growth Rate was 9.70% per year. During the past 10 years, the average Book Value per Share Growth Rate was 4.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of IGM Financial was 29.80% per year. The lowest was -0.40% per year. And the median was 9.85% per year.

Competitive Comparison of IGM Financial's 3-Year Book Growth Rate

For the Asset Management subindustry, IGM Financial's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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 3-Year Book Growth Rate Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, IGM Financial's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where IGM Financial's 3-Year Book Growth Rate falls into.

IGM Financial 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

IGM Financial (TSX:IGM) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

IGM Financial 3-Year Book Growth Rate Related Terms

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IGM Financial (TSX:IGM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » IGM Financial Inc (TSX:IGM) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

IGIFF:USA C7G:Germany

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.