ICGLSE:ICG -1.02%71 ROE % is 13.63% as of Mar. 2026, which is 27% below its 10-year median of 18.63. GuruFocus rates LSE:ICG with a GF Score™ of 71/100 and a GF Value™ of £23.15 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,612 Asset Management companies, ICG ranks better than 80.33% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. ICG's annualized net income for the quarter that ended in Mar. 2026 was £362 Mil. ICG's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was £2,658 Mil. Therefore, ICG's annualized ROE % for the quarter that ended in Mar. 2026 was 13.63%.
The historical rank and industry rank for ICG's ROE % or its related term are showing as below:
LSE:ICG'
s ROE % Range Over the Past 10 Years
Min: 8.09 Med: 18.63 Max: 31.24
Current: 18.39
During the past 13 years, ICG's highest ROE % was 31.24%. The lowest was 8.09%. And the median was 18.63%.
LSE:ICG's ROE % is ranked better than 80.33% of 1612
companies
in the Asset Management industry
Industry Median: 6.395
vs LSE:ICG: 18.39
ICG (LSE:ICG) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
ICG ROE % Related Terms
ICG ROE % Historical Data
* Premium members only.
The historical data trend for ICG's ROE % 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, ICG's ROE %, along with its competitors' market caps and ROE % 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.
ICG ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, ICG's ROE % distribution charts can be found below:
* The bar in red indicates where ICG's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
ICG (LSE:ICG) has a ROE % of 13.63% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on ICG and its competitors. This is 27% below median its historical median of 18.63. Over the past decade, ICG's ROE % has ranged from 8.09 to 31.24. According to the industry distribution chart, ICG ranks #317 out of 1612 companies in the Asset Management industry, placing it in the top 19.7%.
Is ICG's ROE % too high?
ICG's current ROE % of 13.63% is 27% below median its 10-year median of 18.63. Over the past 10 years, this metric has ranged from a low of 8.09 to a high of 31.24. The Asset Management industry median ROE % is 6.40. ICG's value of 13.63% is 113.1% above this industry median. Based on the distribution chart, ICG ranks #317 out of 1612 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, ICG has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ICG's ROE % compare to BLK and BX?
According to the Asset Management industry distribution chart, ICG ranks #317 out of 1612 companies for ROE %. This places ICG in the top 20% of its industry — outperforming the majority of peers. The industry median ROE % is 6.40. ICG's value of 13.63% is 113.1% above this benchmark. Historically, ICG's own ROE % has ranged from 8.09 to 31.24 over the past decade. While the company's 10-year median is 18.63 vs. the industry median of 6.40, ICG 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 ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.40, based on 1,612 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ICG's current ROE % of 13.63% is 113.1% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on ICG and its competitors. For the Asset Management industry, the median ROE % is 6.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICG's current ROE % is 13.63%, which is 27% below median its own 10-year median of 18.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICG stock overvalued right now?
Based on GuruFocus' analysis, ICG (LSE:ICG) is currently considered Modestly Undervalued. The stock's GF Value™ is £23.15, compared to a current price of £16.53 — trading 28.6% below its estimated fair value. The current ROE % is 13.63%, which is 27% below median its 10-year median of 18.63 and 113.1% above the Asset Management industry median of 6.40. ICG's overall GF Score™ is 71/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For ICG (LSE:ICG), the current ROE % is 13.63% 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 ICG (LSE:ICG) Overvalued in 2026?
Based on GuruFocus' analysis, ICG stock appears to be undervalued.
The current stock price of £16.53 is trading 28.6% below its estimated GF Value™ of £23.15.
GuruFocus considers ICG to be Modestly Undervalued.
Key valuation signals for LSE:ICG:
ROE %: 13.63% (27% below median its 10-year median of 18.63)
GF Value™: £23.15 vs. price of £16.53 (28.6% below fair value)
Industry Position: 113.1% above the Asset Management median (#317 of 1612)
No single metric tells the full story. See the LSE:ICG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ICG Plc is an alternative asset manager focused on private debt, private equity secondaries, structured capital, and real assets. It has two operating segments: the Fund Management Company (FMC) and the Investment Company (IC). The majority of the company's revenue is derived from the Fund Management Company (FMC) segment, which earns fee income for the provision of investment management services. Geographically, the maximum revenue is generated from Europe.
71GF Score
Get the complete analysis for LSE:ICG
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:ICG has been successfully added to your 
