IGM Financial
IGM.TO
#2328
Rank
$6.14 B
Marketcap
$25.80
Share price
-0.06%
Change (1 day)
-12.27%
Change (1 year)

P/E ratio for IGM Financial (IGM.TO)

P/E ratio as of March 2024 (TTM): 8.68

According to IGM Financial's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.67558. At the end of 2022 the company had a P/E ratio of 10.4.

P/E ratio history for IGM Financial from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202210.4-6.9%
202111.23.75%
202010.8-10.03%
201911.922.84%
20189.73-44.92%
201717.747.94%
201611.95.39%
201511.3-27.11%
201415.5-16.05%
201318.532.61%
201214.010.47%
201112.6-18.87%
201015.6-22.13%
200920.056.31%
200812.8-15.07%
200715.1-10.08%
200616.8-6.26%
200517.910.26%
200416.26.67%
200315.25.96%
200214.3-39.93%
200123.9

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.