IGM Financial finished the second quarter of 2026 with CAD 341 billion in fee-earning assets, up 9% sequentially and 20% from the year-ago quarter. Revenue rose 20%, and adjusted earnings per share rose 32%.
IGM's valuation is not demanding, which leaves room for upside from market appreciation and less-than-anticipated fee compression.
The shift from active to passive in the Canadian market is in the early stages, could accelerate, and thus hurt active equity asset managers such as IGM.
|
Metric
|
IGM
|
IVZ
|
POW
|
|---|---|---|---|
Price/Earnings (Normalized) | 17.11 | 12.97 | 16.74 |
Price/Book Value | 2.20 | 1.44 | 4.06 |
Price/Sales | 5.10 | 2.15 | 1.88 |
Price/Cash Flow | 17.51 | 8.06 | 42.68 |
|
Metric
|
IGM
|
IVZ
|
POW
|
|---|---|---|---|
Quick Ratio | 3.71 | 6.82 | — |
Current Ratio | 4.84 | 6.82 | — |
Interest Coverage | 12.58 | −2.05 | 8.42 |
|
Metric
|
IGM
|
IVZ
|
POW
|
|---|---|---|---|
Return on Assets (Normalized) | 5.29% | 4.12% | 0.50% |
Return on Equity (Normalized) | 12.78% | 11.11% | 32.79% |
Return on Invested Capital (Normalized) | 7.50% | 5.80% | 6.23% |
|
1-Day Chart
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United States