# iA Financial Corporation Inc. (IAG.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Financial Services / Insurance. Price C$203.86, market value C$18.0 billion.

## Valuation
- **P/E (trailing): 17.5×** (5-yr avg 11.5×, 3-yr avg 13.3×). iA Financial Corporation Inc. trades at 17.5× trailing earnings, well above its own five-year average of 11.5×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 12.9×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.81**. A PEG of 0.81 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.4×**. Each dollar of revenue is priced at 1.4×.
- **Price / book: 2.5×**. The shares trade at 2.5× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 15.0%** (5-yr avg 8.3%). Free cash flow equals 15.0% of the market value, above its five-year average of 8.3%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 5.7%**. The inverse of the P/E: 5.7% of the price is earned each year.

## Profitability
- **Net margin: 9.7%**. 9.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 13.3%**. 13.3% on shareholders' equity is solid.
- **Return on assets: 0.9%**. Each dollar of assets produces 0.9% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 42.7%** (5-yr -8.5%/yr). Revenue grew 42.7% over the last year, against -8.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 15.9%** (3-yr 14.8%/yr, 5-yr 14.7%/yr). Earnings per share rose 15.9%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 114.4%/yr**. Free cash flow has compounded at 114.4% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.
- **Cash and short-term investments: C$2.3 billion**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 2.16%** (C$4.18 per share, trailing). iA Financial Corporation Inc. yields 2.16%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 37%** (16% of free cash flow). 37% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 26**. 26 straight years of increases (the data covers 26 years, so this may be longer): a record very few companies hold.
- **Dividend growth (5 yr): 14.3%/yr** (1-yr 12.5%). The dividend has compounded at 14.3% a year over five years, doubling roughly every 5 years at that pace.

## Price and momentum
- **Total return (1 yr): 35.3%** (YTD 16.1%, 3-mo 15.5%). The shares are up 35.3% over twelve months including dividends.
- **From 52-week high: -8.9%** (40.2% above the low). Trading 9% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 55**. An RSI of 55 is neutral.
- **Beta (1 yr): 0.40** (volatility 24%). Beta of 0.40 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=IAG.TO · Page: https://foliofundamentals.com/stocks/iag.to

Not investment advice.