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.
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.
IGM FinancialTSX:IGM +0.52%83 Equity-to-Asset is 0.43 as of Jun. 2026, which is 30% above its 10-year median of 0.33. GuruFocus rates TSX:IGM with a GF Score™ of 83/100 and a GF Value™ of C$53.35 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,619 Asset Management companies, IGM Financial ranks worse than 86.04% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. IGM Financial's Total Stockholders Equity for the quarter that ended in Jun. 2026 was C$9,294 Mil. IGM Financial's Total Assets for the quarter that ended in Jun. 2026 was C$21,780 Mil.
Therefore, IGM Financial's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.43.
The historical rank and industry rank for IGM Financial's Equity-to-Asset or its related term are showing as below:
TSX:IGM'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.33 Max: 0.43
Current: 0.43
During the past 13 years, the highest Equity to Asset Ratio of IGM Financial was 0.43. The lowest was 0.28. And the median was 0.33.
TSX:IGM's Equity-to-Asset is ranked worse than 86.04% of 1619
companies
in the Asset Management industry
Industry Median: 0.83
vs TSX:IGM: 0.43
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
IGM Financial Equity-to-Asset Related Terms
IGM Financial Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for IGM Financial's Equity-to-Asset 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: Equity-to-Asset Comparison
For the Asset Management subindustry, IGM Financial's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, IGM Financial's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where IGM Financial's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
IGM Financial's Equity to Asset Ratio 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.
IGM Financial (TSX:IGM) has a Equity-to-Asset of 0.43 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on IGM Financial and its competitors. This is 30% above median its historical median of 0.33. Over the past decade, IGM Financial's Equity-to-Asset has ranged from 0.28 to 0.43. According to the industry distribution chart, IGM Financial ranks #1393 out of 1619 companies in the Asset Management industry, placing it in the top 86%.
Is IGM Financial's Equity-to-Asset too high?
IGM Financial's current Equity-to-Asset of 0.43 is 30% above median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 0.43. The Asset Management industry median Equity-to-Asset is 0.83. IGM Financial's value of 0.43 is 48.2% below this industry median. Based on the distribution chart, IGM Financial ranks #1393 out of 1619 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, IGM Financial has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IGM Financial's Equity-to-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, IGM Financial ranks #1393 out of 1619 companies for Equity-to-Asset. This places IGM Financial in the lower half of its industry. The industry median Equity-to-Asset is 0.83. IGM Financial's value of 0.43 is 48.2% below this benchmark. Historically, IGM Financial's own Equity-to-Asset has ranged from 0.28 to 0.43 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 0.83, IGM Financial has consistently been below 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 Equity-to-Asset for an Asset Management company?
The median Equity-to-Asset among Asset Management companies is 0.83, based on 1,619 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IGM Financial's current Equity-to-Asset of 0.43 is 48.2% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on IGM Financial and its competitors. For the Asset Management industry, the median Equity-to-Asset is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IGM Financial's current Equity-to-Asset is 0.43, which is 30% above median its own 10-year median of 0.33. 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$53.35, compared to a current price of C$87.45 — trading 63.9% above its estimated fair value. The current Equity-to-Asset is 0.43, which is 30% above median its 10-year median of 0.33 and 48.2% below the Asset Management industry median of 0.83. IGM Financial's overall GF Score™ is 83/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For IGM Financial (TSX:IGM), the current Equity-to-Asset is 0.43 as of Jun. 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$87.45 is trading 63.9% above its estimated GF Value™ of C$53.35.
GuruFocus considers IGM Financial to be Significantly Overvalued.
Key valuation signals for TSX:IGM:
Equity-to-Asset: 0.43 (30% above median its 10-year median of 0.33)
GF Value™: C$53.35 vs. price of C$87.45 (63.9% above fair value)
Industry Position: 48.2% below the Asset Management median (#1393 of 1619)
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.
83GF Score
Get the complete analysis for TSX:IGM
Equity-to-Asset 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 
