Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, IGM Financial's Enterprise Value is C$21,730 Mil.
IGM Financial's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was C$1,633 Mil. Therefore, IGM Financial's EV-to-EBIT ratio for today is 13.31.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, IGM Financial's Enterprise Value is C$21,730 Mil.
IGM Financial's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was C$1,633 Mil. Therefore, IGM Financial's EV-to-EBITDA ratio for today is 13.31.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, IGM Financial's Enterprise Value is C$21,730 Mil.
IGM Financial's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was C$3,931 Mil. Therefore, IGM Financial's EV-to-Revenue ratio for today is 5.53.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, IGM Financial's Enterprise Value is C$21,730 Mil.
IGM Financial's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was C$987 Mil. Therefore, IGM Financial's EV-to-FCF ratio for today is 22.01.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
IGM Financial (TSX:IGM) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
IGM Financial's current Enterprise Value is C$21,730 Mil.
IGM Financial's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$1,633 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
IGM Financial's current Enterprise Value is C$21,730 Mil.
IGM Financial's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$1,633 Mil.
IGM Financial's current Enterprise Value is C$21,730 Mil.
IGM Financial's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$3,931 Mil.
IGM Financial's current Enterprise Value is C$21,730 Mil.
IGM Financial's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$1,106 Mil.
IGM Financial's current Enterprise Value is C$21,730 Mil.
IGM Financial's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$987 Mil.
* 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.
IGM Financial Enterprise Value Related Terms
IGM Financial Enterprise Value Historical Data
* Premium members only.
The historical data trend for IGM Financial's Enterprise Value 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.
TSX:IGM vs BLK, BX, KKR: Enterprise Value Comparison
For the Asset Management subindustry, IGM Financial's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Asset Management Industry
For the Asset Management industry and Financial Services sector, IGM Financial's Enterprise Value distribution charts can be found below:
* The bar in red indicates where IGM Financial's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
IGM Financial's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
What does a Enterprise Value of C$21,730 Mil mean?
IGM Financial (TSX:IGM) has a Enterprise Value of C$21,730 Mil as of Jun. 30, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on IGM Financial and its competitors.
Is IGM Financial's Enterprise Value too high?
IGM Financial's current Enterprise Value is C$21,730 Mil. Overall, IGM Financial has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IGM Financial's Enterprise Value compare to BLK and BX?
IGM Financial's Enterprise Value of C$21,730 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Asset Management company?
A good Enterprise Value depends on the Asset Management industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on IGM Financial and its competitors. IGM Financial's current Enterprise Value is C$21,730 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IGM Financial stock overvalued right now?
Based on GuruFocus' analysis, IGM Financial (TSX:IGM) is currently considered Significantly Overvalued. The stock's GF Value™ is C$50.66, compared to a current price of C$76.78 — trading 51.6% above its estimated fair value. The current Enterprise Value is C$21,730 Mil. IGM Financial's overall GF Score™ is 82/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For IGM Financial (TSX:IGM), the current Enterprise Value is C$21,730 Mil as of Jun. 30, 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 IGM Financial (TSX:IGM) Overvalued in 2026?
Based on GuruFocus' analysis, IGM Financial stock appears to be overvalued.
The current stock price of C$76.78 is trading 51.6% above its estimated GF Value™ of C$50.66.
GuruFocus considers IGM Financial to be Significantly Overvalued.
Key valuation signals for TSX:IGM:
Enterprise Value: C$21,730 Mil
GF Value™: C$50.66 vs. price of C$76.78 (51.6% above fair value)
No single metric tells the full story. See the TSX:IGM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IGM Financial is a leading nonbank Canadian wealth and asset management company. Power Corporation of Canada, which also holds a majority stake in Great-West Life co, has a majority stake (62%) in IGM. The company has two main operating segments, wealth management and asset management. As of December 2025, IGM's wealth management unit had CAD 159 billion in assets under advisement, or AUA, while the firm's asset management unit had CAD 151 billion in third-party assets under management, or AUM.
82GF Score
Get the complete analysis for TSX:IGM
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSX:IGM has been successfully added to your 
