ICGLSE:ICG +1.25%74 EV-to-FCF is 12.65 as of Jul. 11, 2026, which is 54% below its 10-year median of 27.44. GuruFocus rates LSE:ICG with a GF Score™ of 74/100 and a GF Value™ of £23.15 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 936 Asset Management companies, ICG ranks better than 56.3% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, ICG's Enterprise Value is £10,612 Mil.
ICG's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was £839 Mil. Therefore, ICG's EV-to-FCF for today is 12.65.
The historical rank and industry rank for ICG's EV-to-FCF or its related term are showing as below:
LSE:ICG'
s EV-to-FCF Range Over the Past 10 Years
Min: -191.03 Med: 27.44 Max: 117.14
Current: 12.58
During the past 13 years, the highest EV-to-FCF of ICG was 117.14. The lowest was -191.03. And the median was 27.44.
LSE:ICG's EV-to-FCF is ranked better than 56.3% of 936
companies
in the Asset Management industry
Industry Median: 14.515
vs LSE:ICG: 12.58
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-07-11), ICG's stock price is £17.85.
ICG's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was £1.639. Therefore, ICG's PE Ratio (TTM) for today is 10.89.
ICG (LSE:ICG) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
ICG's share price for today is £17.85.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. ICG's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was £1.639.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
ICG EV-to-FCF Related Terms
ICG EV-to-FCF Historical Data
* Premium members only.
The historical data trend for ICG's EV-to-FCF 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.
For the Asset Management subindustry, ICG's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, ICG's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where ICG's EV-to-FCF falls into.
ICG's current Enterprise Value is £10,612 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. ICG's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was £839 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.
ICG (LSE:ICG) has a EV-to-FCF of 12.65 as of Jul. 11, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on ICG and its competitors. This is 54% below median its historical median of 27.44. According to the industry distribution chart, ICG ranks #409 out of 936 companies in the Asset Management industry, placing it in the top 43.7%.
Is ICG's EV-to-FCF too high?
ICG's current EV-to-FCF of 12.65 is 54% below median its 10-year median of 27.44. The Asset Management industry median EV-to-FCF is 14.52. ICG's value of 12.65 is 12.8% below this industry median. Based on the distribution chart, ICG ranks #409 out of 936 companies in the Asset Management industry, which is above the industry midpoint. Overall, ICG has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ICG's EV-to-FCF compare to BLK and BX?
According to the Asset Management industry distribution chart, ICG ranks #409 out of 936 companies for EV-to-FCF. This puts ICG in the upper half of its industry. The industry median EV-to-FCF is 14.52. ICG's value of 12.65 is 12.8% below this benchmark. While the company's 10-year median is 27.44 vs. the industry median of 14.52, ICG 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 EV-to-FCF for an Asset Management company?
The median EV-to-FCF among Asset Management companies is 14.52, based on 936 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ICG's current EV-to-FCF of 12.65 is 12.8% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on ICG and its competitors. For the Asset Management industry, the median EV-to-FCF is 14.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICG's current EV-to-FCF is 12.65, which is 54% below median its own 10-year median of 27.44. 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 (LSE:ICG) is currently considered Modestly Undervalued. The stock's GF Value™ is £23.15, compared to a current price of £17.85 — trading 22.9% below its estimated fair value. The current EV-to-FCF is 12.65, which is 54% below median its 10-year median of 27.44 and 12.8% below the Asset Management industry median of 14.52. ICG's overall GF Score™ is 74/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For ICG (LSE:ICG), the current EV-to-FCF is 12.65 as of Jul. 11, 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 (LSE:ICG) Overvalued in 2026?
Based on GuruFocus' analysis, ICG stock appears to be undervalued.
The current stock price of £17.85 is trading 22.9% below its estimated GF Value™ of £23.15.
GuruFocus considers ICG to be Modestly Undervalued.
Key valuation signals for LSE:ICG:
EV-to-FCF: 12.65 (54% below median its 10-year median of 27.44)
GF Value™: £23.15 vs. price of £17.85 (22.9% below fair value)
Industry Position: 12.8% below the Asset Management median (#409 of 936)
No single metric tells the full story. See the LSE:ICG 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.
74GF Score
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