IGM FinancialTSX:IGM +0.10%82 Pretax Margin % is 36.19% as of Mar. 2026, which is 8% above its 10-year median of 33.42. GuruFocus rates TSX:IGM with a GF Score™ of 82/100 and a GF Value™ of C$50.66 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,572 Asset Management companies, IGM Financial ranks worse than 68.45% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. IGM Financial's Pre-Tax Income for the
three
months ended in Mar. 2026 was C$368 Mil. IGM Financial's Revenue for the
three
months ended in Mar. 2026 was C$1,016 Mil. Therefore, IGM Financial's pretax margin for the quarter that ended in Mar. 2026 was 36.19%.
The historical rank and industry rank for IGM Financial's Pretax Margin % or its related term are showing as below:
TSX:IGM'
s Pretax Margin % Range Over the Past 10 Years
Min: 25.66 Med: 33.42 Max: 38.24
Current: 38.24
TSX:IGM's Pretax Margin % is ranked worse than 68.45% of 1572
companies
in the Asset Management industry
Industry Median: 89.62
vs TSX:IGM: 38.24
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
IGM Financial Pretax Margin % Related Terms
IGM Financial Pretax Margin % Historical Data
* Premium members only.
The historical data trend for IGM Financial's Pretax Margin % 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: Pretax Margin % Comparison
For the Asset Management subindustry, IGM Financial's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, IGM Financial's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where IGM Financial's Pretax Margin % 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.
IGM Financial (TSX:IGM) has a Pretax Margin % of 36.19% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on IGM Financial and its competitors. This is near median its historical median of 33.42. Over the past decade, IGM Financial's Pretax Margin % has ranged from 25.66 to 38.24. According to the industry distribution chart, IGM Financial ranks #1076 out of 1572 companies in the Asset Management industry, placing it in the top 68.4%.
Is IGM Financial's Pretax Margin % too high?
IGM Financial's current Pretax Margin % of 36.19% is near median its 10-year median of 33.42. Over the past 10 years, this metric has ranged from a low of 25.66 to a high of 38.24. The Asset Management industry median Pretax Margin % is 89.62. IGM Financial's value of 36.19% is 59.6% below this industry median. Based on the distribution chart, IGM Financial ranks #1076 out of 1572 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 Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, IGM Financial ranks #1076 out of 1572 companies for Pretax Margin %. This places IGM Financial in the lower half of its industry. The industry median Pretax Margin % is 89.62. IGM Financial's value of 36.19% is 59.6% below this benchmark. Historically, IGM Financial's own Pretax Margin % has ranged from 25.66 to 38.24 over the past decade. While the company's 10-year median is 33.42 vs. the industry median of 89.62, 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 Pretax Margin % for an Asset Management company?
The median Pretax Margin % among Asset Management companies is 89.62, based on 1,572 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IGM Financial's current Pretax Margin % of 36.19% is 59.6% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on IGM Financial and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IGM Financial's current Pretax Margin % is 36.19%, which is near median its own 10-year median of 33.42. 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$50.66, compared to a current price of C$76.78 — trading 51.6% above its estimated fair value. The current Pretax Margin % is 36.19%, which is near median its 10-year median of 33.42 and 59.6% below the Asset Management industry median of 89.62. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For IGM Financial (TSX:IGM), the current Pretax Margin % is 36.19% 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$76.78 is trading 51.6% above its estimated GF Value™ of C$50.66.
GuruFocus considers IGM Financial to be Significantly Overvalued.
Key valuation signals for TSX:IGM:
Pretax Margin %: 36.19% (near median its 10-year median of 33.42)
GF Value™: C$50.66 vs. price of C$76.78 (51.6% above fair value)
Industry Position: 59.6% below the Asset Management median (#1076 of 1572)
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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