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ICGCHIX:ICGL +3.84%77 Debt-to-Equity is 2.38 as of Mar. 2026, which is 3% below its 10-year median of 2.45. GuruFocus rates CHIX:ICGL with a GF Score™ of 77/100 and a GF Value™ of £23.06 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 961 Asset Management companies, ICG ranks worse than 95.01% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for ICG's Debt-to-Equity or its related term are showing as below:
CHIX:ICGl'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.78 Med: 2.45 Max: 3.22
Current: 2.38
During the past 13 years, the highest Debt-to-Equity Ratio of ICG was 3.22. The lowest was 0.78. And the median was 2.45.
CHIX:ICGl's Debt-to-Equity is ranked worse than 95.01% of 961
companies
in the Asset Management industry
Industry Median: 0.21
vs CHIX:ICGl: 2.38
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
ICG Debt-to-Equity Related Terms
ICG Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for ICG's Debt-to-Equity 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.
CHIX:ICGL vs BLK, BX, KKR: Debt-to-Equity Comparison
For the Asset Management subindustry, ICG's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
ICG Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, ICG's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where ICG's Debt-to-Equity falls into.
* 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.
ICG (CHIX:ICGL) has a Debt-to-Equity of 2.38 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ICG and its competitors. This is near median its historical median of 2.45. Over the past decade, ICG's Debt-to-Equity has ranged from 0.78 to 3.22. According to the industry distribution chart, ICG ranks #913 out of 961 companies in the Asset Management industry, placing it in the top 95%.
Is ICG's Debt-to-Equity too high?
ICG's current Debt-to-Equity of 2.38 is near median its 10-year median of 2.45. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 3.22. The Asset Management industry median Debt-to-Equity is 0.21. ICG's value of 2.38 is 1033.3% above this industry median. Based on the distribution chart, ICG ranks #913 out of 961 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, ICG has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ICG's Debt-to-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, ICG ranks #913 out of 961 companies for Debt-to-Equity. This places ICG in the lower half of its industry. The industry median Debt-to-Equity is 0.21. ICG's value of 2.38 is 1033.3% above this benchmark. Historically, ICG's own Debt-to-Equity has ranged from 0.78 to 3.22 over the past decade. While the company's 10-year median is 2.45 vs. the industry median of 0.21, ICG has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 961 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ICG's current Debt-to-Equity of 2.38 is 1033.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ICG and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICG's current Debt-to-Equity is 2.38, which is near median its own 10-year median of 2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICG stock overvalued right now?
Based on GuruFocus' analysis, ICG (CHIX:ICGL) is currently considered Modestly Undervalued. The stock's GF Value™ is £23.06, compared to a current price of £19.46 — trading 15.6% below its estimated fair value. The current Debt-to-Equity is 2.38, which is near median its 10-year median of 2.45 and 1033.3% above the Asset Management industry median of 0.21. ICG's overall GF Score™ is 77/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For ICG (CHIX:ICGL), the current Debt-to-Equity is 2.38 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ICG (CHIX:ICGL) Overvalued in 2026?
Based on GuruFocus' analysis, ICG stock appears to be undervalued.
The current stock price of £19.46 is trading 15.6% below its estimated GF Value™ of £23.06.
GuruFocus considers ICG to be Modestly Undervalued.
Key valuation signals for CHIX:ICGL:
Debt-to-Equity: 2.38 (near median its 10-year median of 2.45)
GF Value™: £23.06 vs. price of £19.46 (15.6% below fair value)
Industry Position: 1033.3% above the Asset Management median (#913 of 961)
No single metric tells the full story. See the CHIX:ICGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ICG Plc is an alternative asset manager focused on private debt, private equity secondaries, structured capital, and real assets. It has two operating segments: the Fund Management Company (FMC) and the Investment Company (IC). The majority of the company's revenue is derived from the Fund Management Company (FMC) segment, which earns fee income for the provision of investment management services. Geographically, the maximum revenue is generated from Europe.
77GF Score
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