IGM FinancialTSX:IGM +1.16%82 EV-to-FCF is 22.69 as of Jul. 03, 2026, which is 5% below its 10-year median of 23.85. GuruFocus rates TSX:IGM with a GF Score™ of 82/100 and a GF Value™ of C$50.74 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 936 Asset Management companies, IGM Financial ranks worse than 65.81% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, IGM Financial's Enterprise Value is C$22,402 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 for today is 22.69.
The historical rank and industry rank for IGM Financial's EV-to-FCF or its related term are showing as below:
TSX:IGM'
s EV-to-FCF Range Over the Past 10 Years
Min: 15.41 Med: 23.85 Max: 32.32
Current: 22.47
During the past 13 years, the highest EV-to-FCF of IGM Financial was 32.32. The lowest was 15.41. And the median was 23.85.
TSX:IGM's EV-to-FCF is ranked worse than 65.81% of 936
companies
in the Asset Management industry
Industry Median: 14.505
vs TSX:IGM: 22.47
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.
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.
IGM Financial's PE Ratio (TTM) for today is calculated as:
IGM Financial's share price for today is C$79.67.
IGM Financial's Earnings per Share (Diluted) 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$4.860.
* 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.
IGM Financial EV-to-FCF Related Terms
IGM Financial EV-to-FCF Historical Data
* Premium members only.
The historical data trend for IGM Financial'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, IGM Financial'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.
IGM Financial EV-to-FCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, IGM Financial's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where IGM Financial's EV-to-FCF falls into.
IGM Financial's current Enterprise Value is C$22,402 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 (TSX:IGM) has a EV-to-FCF of 22.69 as of Jul. 03, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on IGM Financial and its competitors. This is near median its historical median of 23.85. Over the past decade, IGM Financial's EV-to-FCF has ranged from 15.41 to 32.32. According to the industry distribution chart, IGM Financial ranks #616 out of 936 companies in the Asset Management industry, placing it in the top 65.8%.
Is IGM Financial's EV-to-FCF too high?
IGM Financial's current EV-to-FCF of 22.69 is near median its 10-year median of 23.85. Over the past 10 years, this metric has ranged from a low of 15.41 to a high of 32.32. The Asset Management industry median EV-to-FCF is 14.51. IGM Financial's value of 22.69 is 56.4% above this industry median. Based on the distribution chart, IGM Financial ranks #616 out of 936 companies in the Asset Management industry, which is below the industry midpoint. 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 EV-to-FCF compare to BLK and BX?
According to the Asset Management industry distribution chart, IGM Financial ranks #616 out of 936 companies for EV-to-FCF. This places IGM Financial in the lower half of its industry. The industry median EV-to-FCF is 14.51. IGM Financial's value of 22.69 is 56.4% above this benchmark. Historically, IGM Financial's own EV-to-FCF has ranged from 15.41 to 32.32 over the past decade. While the company's 10-year median is 23.85 vs. the industry median of 14.51, IGM Financial 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 EV-to-FCF for an Asset Management company?
The median EV-to-FCF among Asset Management companies is 14.51, 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. IGM Financial's current EV-to-FCF of 22.69 is 56.4% 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 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 IGM Financial and its competitors. For the Asset Management industry, the median EV-to-FCF is 14.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IGM Financial's current EV-to-FCF is 22.69, which is near median its own 10-year median of 23.85. 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$50.74, compared to a current price of C$79.67 — trading 57% above its estimated fair value. The current EV-to-FCF is 22.69, which is near median its 10-year median of 23.85 and 56.4% above the Asset Management industry median of 14.51. 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 EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For IGM Financial (TSX:IGM), the current EV-to-FCF is 22.69 as of Jul. 03, 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$79.67 is trading 57% above its estimated GF Value™ of C$50.74.
GuruFocus considers IGM Financial to be Significantly Overvalued.
Key valuation signals for TSX:IGM:
EV-to-FCF: 22.69 (near median its 10-year median of 23.85)
GF Value™: C$50.74 vs. price of C$79.67 (57% above fair value)
Industry Position: 56.4% above the Asset Management median (#616 of 936)
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
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