Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
IGI HoldingsKAR:IGIHL +0.92%69 Return-on-Tangible-Equity is 2.02% as of Mar. 2026, which is 65% below its 10-year median of 5.71. GuruFocus rates KAR:IGIHL with a GF Score™ of 69/100 and a GF Value™ of ₨192.45 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 496 Insurance companies, IGI Holdings ranks worse than 68.15% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. IGI Holdings's annualized net income for the quarter that ended in Mar. 2026 was ₨1,369 Mil. IGI Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₨67,946 Mil. Therefore, IGI Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.02%.
The historical rank and industry rank for IGI Holdings's Return-on-Tangible-Equity or its related term are showing as below:
KAR:IGIHL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.08 Med: 5.71 Max: 17.41
Current: 7.86
During the past 13 years, IGI Holdings's highest Return-on-Tangible-Equity was 17.41%. The lowest was 1.08%. And the median was 5.71%.
KAR:IGIHL's Return-on-Tangible-Equity is ranked worse than 68.15% of 496
companies
in the Insurance industry
Industry Median: 13.535
vs KAR:IGIHL: 7.86
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
IGI Holdings Return-on-Tangible-Equity Related Terms
IGI Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for IGI Holdings's Return-on-Tangible-Equity 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.
KAR:IGIHL vs CB, PGR, TRV: Return-on-Tangible-Equity Comparison
For the Insurance - Property & Casualty subindustry, IGI Holdings's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
IGI Holdings Return-on-Tangible-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, IGI Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where IGI Holdings's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 2.02% mean?
IGI Holdings (KAR:IGIHL) has a Return-on-Tangible-Equity of 2.02% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on IGI Holdings and its competitors. This is 65% below median its historical median of 5.71. Over the past decade, IGI Holdings' Return-on-Tangible-Equity has ranged from 1.08 to 17.41. According to the industry distribution chart, IGI Holdings ranks #338 out of 496 companies in the Insurance industry, placing it in the top 68.1%.
Is IGI Holdings' Return-on-Tangible-Equity too high?
IGI Holdings' current Return-on-Tangible-Equity of 2.02% is 65% below median its 10-year median of 5.71. Over the past 10 years, this metric has ranged from a low of 1.08 to a high of 17.41. The Insurance industry median Return-on-Tangible-Equity is 13.54. IGI Holdings' value of 2.02% is 85.1% below this industry median. Based on the distribution chart, IGI Holdings ranks #338 out of 496 companies in the Insurance industry, which is below the industry midpoint. Overall, IGI Holdings has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IGI Holdings' Return-on-Tangible-Equity compare to CB and PGR?
According to the Insurance industry distribution chart, IGI Holdings ranks #338 out of 496 companies for Return-on-Tangible-Equity. This places IGI Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 13.54. IGI Holdings' value of 2.02% is 85.1% below this benchmark. Historically, IGI Holdings' own Return-on-Tangible-Equity has ranged from 1.08 to 17.41 over the past decade. While the company's 10-year median is 5.71 vs. the industry median of 13.54, IGI Holdings 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 Return-on-Tangible-Equity for an Insurance company?
The median Return-on-Tangible-Equity among Insurance companies is 13.54, based on 496 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IGI Holdings's current Return-on-Tangible-Equity of 2.02% is 85.1% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on IGI Holdings and its competitors. For the Insurance industry, the median Return-on-Tangible-Equity is 13.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IGI Holdings's current Return-on-Tangible-Equity is 2.02%, which is 65% below median its own 10-year median of 5.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IGI Holdings stock overvalued right now?
Based on GuruFocus' analysis, IGI Holdings (KAR:IGIHL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨192.45, compared to a current price of ₨278.54 — trading 44.7% above its estimated fair value. The current Return-on-Tangible-Equity is 2.02%, which is 65% below median its 10-year median of 5.71 and 85.1% below the Insurance industry median of 13.54. IGI Holdings' overall GF Score™ is 69/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For IGI Holdings (KAR:IGIHL), the current Return-on-Tangible-Equity is 2.02% 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 IGI Holdings (KAR:IGIHL) Overvalued in 2026?
Based on GuruFocus' analysis, IGI Holdings stock appears to be overvalued.
The current stock price of ₨278.54 is trading 44.7% above its estimated GF Value™ of ₨192.45.
GuruFocus considers IGI Holdings to be Significantly Overvalued.
Key valuation signals for KAR:IGIHL:
Return-on-Tangible-Equity: 2.02% (65% below median its 10-year median of 5.71)
GF Value™: ₨192.45 vs. price of ₨278.54 (44.7% above fair value)
Industry Position: 85.1% below the Insurance median (#338 of 496)
No single metric tells the full story. See the KAR:IGIHL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IGI Holdings Ltd is a general insurance company along with its subsidiary, which provides home insurance, travel insurance, auto insurance, health insurance, fire insurance, marine insurance, motor insurance, and other insurance services. The company also acts as an investment holding company. It operates and manages separately to the nature of the services of Non-Life Insurance, which includes Fire and property insurance; Marine, aviation, and transport insurance; Motor insurance; Accident and health insurance, Miscellaneous insurance, and Life Insurance, which includes The Life (participating) segment and The Life (non-participating) segment.
69GF Score
Get the complete analysis for KAR:IGIHL
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
KAR:IGIHL has been successfully added to your 
