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IGM FinancialTSX:IGM -1.36%81 Net Current Asset Value is C$0.44 as of Mar. 2026, which is 100% below its 10-year median of 139.71. GuruFocus rates TSX:IGM with a GF Score™ of 81/100 and a GF Value™ of C$50.89 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 376 Asset Management companies, IGM Financial ranks worse than 97.34% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
IGM Financial's net current asset value per share for the quarter that ended in Mar. 2026 was C$0.44.
The historical rank and industry rank for IGM Financial's Net Current Asset Value or its related term are showing as below:
TSX:IGM'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 128.77 Med: 139.71 Max: 188.32
Current: 188.32
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of IGM Financial was 188.32. The lowest was 128.77. And the median was 139.71.
TSX:IGM's Price-to-Net-Current-Asset-Value is ranked worse than 97.34% of 376
companies
in the Asset Management industry
Industry Median: 3.4
vs TSX:IGM: 188.32
IGM Financial (TSX:IGM) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
IGM Financial Net Current Asset Value Related Terms
IGM Financial Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for IGM Financial's Net Current Asset 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: Net Current Asset Value Comparison
For the Asset Management subindustry, IGM Financial's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-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 Price-to-Net-Current-Asset-Value vs Asset Management Industry
For the Asset Management industry and Financial Services sector, IGM Financial's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where IGM Financial's Price-to-Net-Current-Asset-Value 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.
What does a Net Current Asset Value of C$0.44 mean?
IGM Financial (TSX:IGM) has a Net Current Asset Value of C$0.44 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on IGM Financial and its competitors. This is 100% below median its historical median of 139.71. Over the past decade, IGM Financial's Net Current Asset Value has ranged from 128.77 to 188.32. According to the industry distribution chart, IGM Financial ranks #366 out of 376 companies in the Asset Management industry, placing it in the top 97.3%.
Is IGM Financial's Net Current Asset Value too high?
IGM Financial's current Net Current Asset Value of C$0.44 is 100% below median its 10-year median of 139.71. Over the past 10 years, this metric has ranged from a low of 128.77 to a high of 188.32. Based on the distribution chart, IGM Financial ranks #366 out of 376 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, IGM Financial has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IGM Financial's Net Current Asset Value compare to BLK and BX?
According to the Asset Management industry distribution chart, IGM Financial ranks #366 out of 376 companies for Net Current Asset Value. This places IGM Financial in the lower half of its industry. The industry median Net Current Asset Value is 3.40. Historically, IGM Financial's own Net Current Asset Value has ranged from 128.77 to 188.32 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for an Asset Management company?
The median Net Current Asset Value among Asset Management companies is 3.40, based on 376 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset 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 Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on IGM Financial and its competitors. For the Asset Management industry, the median Net Current Asset Value is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IGM Financial's current Net Current Asset Value is C$0.44, which is 100% below median its own 10-year median of 139.71. 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$50.89, compared to a current price of C$82.86 — trading 62.8% above its estimated fair value. The current Net Current Asset Value is C$0.44, which is 100% below median its 10-year median of 139.71. IGM Financial's overall GF Score™ is 81/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For IGM Financial (TSX:IGM), the current Net Current Asset Value is C$0.44 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 IGM Financial (TSX:IGM) Overvalued in 2026?
Based on GuruFocus' analysis, IGM Financial stock appears to be overvalued.
The current stock price of C$82.86 is trading 62.8% above its estimated GF Value™ of C$50.89.
GuruFocus considers IGM Financial to be Significantly Overvalued.
Key valuation signals for TSX:IGM:
Net Current Asset Value: C$0.44 (100% below median its 10-year median of 139.71)
GF Value™: C$50.89 vs. price of C$82.86 (62.8% 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.
81GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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