IGM Financial (TSX:IGM) PB Ratio

: 1.20 (As of Today)

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The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-19), IGM Financial's share price is C$33.43. IGM Financial's Book Value per Share for the quarter that ended in Dec. 2023 was C$27.97. Hence, IGM Financial's PB Ratio of today is 1.20.

Good Sign:

IGM Financial Inc stock PB Ratio (=1.21) is close to 10-year low of 1.14

The historical rank and industry rank for IGM Financial's PB Ratio or its related term are showing as below:

TSX:IGM' s PB Ratio Range Over the Past 10 Years
Min: 1.14 Med: 1.94 Max: 3.12
Current: 1.21

During the past 13 years, IGM Financial's highest PB Ratio was 3.12. The lowest was 1.14. And the median was 1.94.

TSX:IGM's PB Ratio is ranked worse than
78.25% of 1692 companies
in the Asset Management industry
Industry Median: 0.92 vs TSX:IGM: 1.21

During the past 12 months, IGM Financial's average Book Value Per Share Growth Rate was 9.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 10.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 9.70% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 4.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of IGM Financial was 29.80% per year. The lowest was -0.40% per year. And the median was 9.85% per year.

Back to Basics: PB Ratio

IGM Financial PB Ratio Historical Data

The historical data trend for IGM Financial's PB Ratio 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.

* Premium members only.

IGM Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

1.97

1.65

1.70

1.48

1.25

IGM Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio																1.48	1.52	1.55	1.30	1.25

Competitive Comparison

For the Asset Management subindustry, IGM Financial's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio Distribution

For the Asset Management industry and Financial Services sector, IGM Financial's PB Ratio distribution charts can be found below:

* The bar in red indicates where IGM Financial's PB Ratio falls into.

IGM Financial PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

IGM Financial's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	33.43	/	27.97
	=	1.20

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

IGM Financial (TSX:IGM) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

IGM Financial PB Ratio Related Terms

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IGM Financial (TSX:IGM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » IGM Financial Inc (TSX:IGM) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

IGIFF:USA C7G:Germany

Address

447 Portage Avenue, Winnipeg, MB, CAN, R3B 3H5

Website

https://www.igmfinancial.com

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management subsidiary)—that provide investment management products and services. IGM had CAD 215.3 billion in assets under management, or AUM, and CAD 35.0 billion in assets under advisement, or AUA, at the end of October 2023. Investment Planning Counsel is now being accounted for as a discontinued operation, having been sold earlier this year, with the deal closed in November 2023.