# IG Group Holdings plc (IGG.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Capital Markets. Price 1335p, market value 4.4 billionp.

## Valuation
- **P/E (trailing): 12.7×** (5-yr avg 1045.4×, 3-yr avg 1223.6×). IG Group Holdings plc trades at 12.7× trailing earnings, well below its own five-year average of 1045.4×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 9.7×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 3.8×**. Each dollar of revenue is priced at 3.8×.
- **Price / book: 2.4×**. The shares trade at 2.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 5.3×**. Enterprise value is 5.3× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 5.1%** (5-yr avg 0.1%). Free cash flow equals 5.1% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 7.9%**. The inverse of the P/E: 7.9% of the price is earned each year.

## Profitability
- **Gross margin: 82.4%**. IG Group Holdings plc keeps 82.4% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 39.8%**. 39.8% of revenue is left after running the business, an exceptional level.
- **Net margin: 43.1%**. 43.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 26.1%**. 26.1% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 27.3%**. Return on all capital, debt included, is 27.3%: comfortably above what that capital costs.
- **Return on assets: 15.2%**. Each dollar of assets produces 15.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 22.5%** (3-yr 3.7%/yr, 5-yr 6.3%/yr). Revenue grew 22.5% over the last year, against 6.3% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -20.0%** (3-yr -0.8%/yr, 5-yr -3.4%/yr). Earnings per share fell 20.0%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 10.6%/yr**. Free cash flow has compounded at 10.6% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.
- **Cash and short-term investments: 1.1 billionp**. 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: 3.19%** (0p per share, trailing). IG Group Holdings plc yields 3.19%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 23%** (51% of free cash flow). 23% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 6**. 6 straight years of increases.
- **Dividend growth (5 yr): 1.8%/yr** (1-yr 2.2%). The dividend has grown 1.8% a year over five years.
- **Shareholder yield: 5.8%**. Dividends plus net buybacks return 5.8% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (8 analysts). 8 analysts cover IG Group Holdings plc; the consensus is buy, with an average price target of 1746p (+31% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 17.2%** (YTD 1.4%, 3-mo -27.7%). The shares are up 17.2% over twelve months including dividends.
- **From 52-week high: -31.7%** (31.4% above the low). Trading 32% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 35**. An RSI of 35 is neutral.
- **Beta (1 yr): 0.37** (volatility 31%). Beta of 0.37 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=IGG.L · Page: https://foliofundamentals.com/stocks/igg.l

Not investment advice.