iA Financial (FRA:1OD) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:1OD iA Financial Corp Inc FRA:1OD
41 GF Score
Price €131.00
GF Value €83.84
! 8 Warning Signs
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What is iA Financial Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


iA Financial  (FRA:1OD) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


iA Financial Cyclically Adjusted PB Ratio Related Terms


iA Financial Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for iA Financial's Cyclically Adjusted PB Ratio 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.

iA Financial Cyclically Adjusted PB Ratio Chart

iA Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.57 1.53 1.60 2.21 2.73

iA Financial Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.36 2.47 2.73 2.31 0.00

FRA:1OD vs BRK.A, AIG, HIG: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Diversified subindustry, iA Financial's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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.


iA Financial Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, iA Financial's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where iA Financial's Cyclically Adjusted PB Ratio falls into.


FRA:1OD
41GF Score
iA Financial Corp Inc FRA:1OD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

iA Financial Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

iA Financial's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, iA Financial's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=48.873/133.5265*133.5265
=48.873

Current CPI (Jun. 2026) = 133.5265.

iA Financial Quarterly Data

Book Value per Share CPI Adj_Book
201609 26.559 101.765 34.848
201612 29.377 101.449 38.666
201703 29.505 102.634 38.386
201706 28.532 103.029 36.978
201709 29.831 103.345 38.543
201712 29.153 103.345 37.667
201803 28.512 105.004 36.257
201806 30.613 105.557 38.725
201809 31.289 105.636 39.550
201812 31.290 105.399 39.640
201903 32.077 106.979 40.037
201906 33.297 107.690 41.285
201909 35.128 107.611 43.588
201912 35.281 107.769 43.713
202003 34.156 107.927 42.257
202006 35.179 108.401 43.333
202009 35.238 108.164 43.501
202012 35.892 108.559 44.147
202103 38.270 110.298 46.330
202106 40.324 111.720 48.195
202109 41.023 112.905 48.516
202112 42.954 113.774 50.411
202203 44.082 117.646 50.033
202206 45.329 120.806 50.102
202209 47.489 120.648 52.558
202212 43.786 120.964 48.333
202303 44.172 122.702 48.069
202306 45.416 124.203 48.825
202309 45.193 125.230 48.187
202312 47.420 125.072 50.625
202403 46.875 126.258 49.574
202406 47.372 127.522 49.603
202409 47.645 127.285 49.981
202412 53.557 127.364 56.148
202503 52.247 129.181 54.005
202506 48.227 129.892 49.576
202509 48.684 130.287 49.894
202512 53.083 130.366 54.370
202603 53.932 132.262 54.447
202606 48.873 133.527 48.873

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is iA Financial (FRA:1OD) Overvalued in 2026?

Based on GuruFocus' analysis, iA Financial stock appears to be overvalued. The current stock price of €131.00 is trading 56.3% above its estimated GF Value™ of €83.84.

Key valuation signals for FRA:1OD:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €83.84 vs. price of €131.00 (56.3% above fair value)
  • GF Score™: 41/100 with 8 warning signs

No single metric tells the full story. See the FRA:1OD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


iA Financial Business Description

Address 1080 Grande Allee West, Quebec, QC, CAN, G1S 1C7
iA Financial Corp Inc is an insurance and wealth management group based in Canada. It offers various life and health insurance products, savings and retirement plans, mutual funds, securities, loans, auto and home insurance, creditor insurance, replacement insurance, replacement warranties, extended warranties, and other ancillary products for dealer services and other financial products and services. The company's products and services are offered on both an individual and group basis and extend throughout Canada and the United States. Its operating segments are: Insurance, Canada; Wealth Management; U.S. Operations; Investment; and Corporate. Maximum revenue is generated from the Insurance, Canada segment.
41GF Score

Get the complete analysis for FRA:1OD

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€131.00
Price
€83.84
GF Value