IG Group Holdings PLC (IGG) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of IG Group Holdings PLC stock £18.72, price £9.36, upside +100.0%, quality 85 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range £5.19 – £19.38 · fair‑value band £8.64 – £26.15 · the £9.36 price screens below the £18.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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IG Group Holdings plc, a fintech company, engages in the online trading and investments business in the United Kingdom, Ireland, the Asia-Pacific, the Middle East, the United States, Europe, and institutional and emerging markets.
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The company offers retail over the counter derivatives, including contracts for difference, OTC FX and options; and exchange-traded derivatives options and futures under the tastytrade.
It also provides stock trading and investment services, such as smart portfolios and ISA and SIPPs, as well as equities, exchange traded funds, and fixed income products, which include fractional shares, mutual funds, UK treasury bills, UK tax wrappers, securities lending, and proxy voting services; and cash crypto trading.
In addition, the company offers content and education solutions, such as daily live programming, news and original content, and webinars and tutorials, as well as content, education, and support tools, including signals, analytics, charting applications, and proprietary insights through the Trade Live with IG and tastylive channels.
Further, it engages in foreign exchange, and market risk management; spread betting; data distribution; software development and support services; turbo warrants issuing; financing; market maker; network and content provision; and brokerage activities.
The company serves investors, customers, communities, colleagues, regulators, and suppliers. IG Group Holdings plc was founded in 1974 and is headquartered in London, the United Kingdom.
Stock analysis
IG Group Holdings PLC (IGG) currently trades at £9.36, while our model-based Fair Value estimate is £18.72, implying the stock looks roughly 50% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of £24.02 per share, and 9 of the 13 models we run sit above the £9.36 price.
Bear case: the Dividend Discount group reads lowest at £6.09, and 4 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: £8.64 (bear) to £26.15 (bull), the price of £9.36 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 85/100 (high quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
IG Group Holdings PLC reported revenue of £949M in FY2025 versus £856M in FY2021, a compound +2.6%/yr. Reported net income was £380M in FY2025, compounding +0.6%/yr from FY2021.
Key figures
Market cap £3.2B Mid · P/E ratio 8.9 · P/S ratio 3.57 · EPS (TTM) £1.05 · Dividend yield 6.7% · Net margin 40.1% · Return on equity 20.4% · Return on assets (EBIT) 16.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 81 out of 100 (low confidence).
What moves the price
The share trades about 52% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −11% fair-value upside, at 100%, IGG screens cheaper than that median.
Fair Value models
Bear£8.64Fair Value £18.72Bull£26.15
Price £9.36 · Upside +100.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (£0.4230 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.4%
Start year 2020 (pandemic). Over 10 years: +8.3% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+17.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.0%
Dividend (yield on the price)6.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.11.0% vs 10.7%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.44% → 50%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−14.8%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about −16.8% a year for the price and +0.7% for the forecasts.
AI conclusion: Solid margins and cash flow with expanding customer numbers through platform growth mark the main strength, while thin public signals on moat durability form the central weakness.
Main risk: Softer market conditions that weaken over-the-counter retention could constrain revenue growth in this trading platform business despite customer gains.
IG Group delivered strong organic growth in first trades and active customers during the third quarter even while overall revenue declined on weaker over-the-counter retention. The firm is now reorganising around a unified trading-investing-entertainment platform and advancing the Underdog acquisition to add prediction markets. Our models see the shares as undervalued. Will these expanding customer numbers and new products drive sustained revenue growth, or will softer market conditions continue to limit retention?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 384 stocks
Beats the industry median on 11/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score85 · Top 25%
Fair Value upside+100.0% · Top 25%
Profitability
Return on equity (12 months)20.4% · Top 25%
Return on assets12.4% · Top 25%
Net margin (12 months)42.3% · Top 25%
Operating margin (12 months)38.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)16.5% · Above median
Dividend yield (12 months)6.7% · Top 25%
Balance sheet
Debt / equity0.30× · Above median
Valuation Multiplesvs Capital Markets median · lower = cheaper
P/E (12 months)8.9× · Cheaper than median
P/B2.30× · Priciest 25%
P/S (12 months)3.63× · Pricier than median
Price / free cash flow (fiscal year)8.7× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "IG Group Holdings PLC Fair Value". https://www.fairvalue-calculator.com/stock/IGG
Frequently asked questions
Is IG Group Holdings PLC (IGG) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of £18.72 versus a price of £9.36, about +100% upside (undervalued).
What is the fair value of IGG?
Our model-based fair value for IG Group Holdings PLC is £18.72 (as of Nov 7, 2026), built from audited fundamentals. The current price: £9.36.
What is the quality score of IGG?
IG Group Holdings PLC has a Quality Score of 85/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for IG Group Holdings PLC (IGG)?
Our model-based price target is the fair value of £18.72 (as of Nov 7, 2026) from 13 valuation models. Cautious scenario £8.64, optimistic scenario £26.15. It is a calculation from audited fundamentals, not an analyst target.
What is the IG Group Holdings PLC stock forecast for 2026?
Our models put fair value at £18.72, about +100% upside versus a price of £9.36 (undervalued). Cautious scenario £8.64, optimistic scenario £26.15. The calculation is refreshed regularly with new filings.
What is the revenue of IG Group Holdings PLC (IGG)?
IG Group Holdings PLC reported trailing-twelve-month revenue of about £1.2B (latest available figure, as of Nov 7, 2026).
Does IG Group Holdings PLC pay a dividend?
IG Group Holdings PLC currently shows a dividend yield of 6.70% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of IG Group Holdings PLC (IGG) and when is the ex-dividend date?
IG Group Holdings PLC pays a dividend of £0.627 per share a year, a dividend yield of 6.7%. The last ex-dividend date was Aug 13, 2026. A dividend has been paid every year since at least 2006. The payout ratio is 59.7% of earnings. Free cash flow covers the dividend 2.32 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into IG Group Holdings PLC (IGG)?
For today's price to be fair in a discounted-cash-flow model, IG Group Holdings PLC would have to grow free cash flow by -14.8 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.4 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of IGG use?
Our models discount IG Group Holdings PLC at 9.0 %: a base by market capitalisation (mid), damped by beta 0.47, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For IG Group Holdings PLC that is -14.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has IG Group Holdings PLC (IGG) delivered so far?
Over the past 5 years revenue at IG Group Holdings PLC grew +7.4 % a year. The price currently implies free-cash-flow growth of -14.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of IG Group Holdings PLC (IGG) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into IG Group Holdings PLC (-14.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of IG Group Holdings PLC (IGG)?
The free-cash-flow yield on the price is 15.35 %: that much free cash flow IG Group Holdings PLC produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of IG Group Holdings PLC (IGG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IG Group Holdings PLC it is £18.72 per share (as of Nov 7, 2026), against a price of £9.36. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is IG Group Holdings PLC stock overvalued or undervalued in 2026?
As of Nov 7, 2026, IGG trades below its calculated fair value: price £9.36, fair value £18.72, a gap of about +100% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of IGG?
No. The price is what the market pays today (£9.36); the fair value is what the company's own numbers justify (£18.72). For IG Group Holdings PLC the two are £9.36 per share apart. That gap is exactly why we show both numbers side by side.
How much is IG Group Holdings PLC worth?
The market values IG Group Holdings PLC at about £3.2B (market capitalisation, as of Nov 7, 2026). Per share that is £9.36; our models calculate a fair value of £18.72 per share.
What do the bullish and bearish scenarios say about IGG?
Our models span a range for IG Group Holdings PLC: cautious scenario £8.64, base £18.72, optimistic £26.15 per share (as of Nov 7, 2026, price £9.36). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IGG?
IG Group Holdings PLC trades at a price-to-earnings ratio of 8.9 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £18.72 is built from several models across several years. Other multiples: PEG 1.5, P/B 2.3, P/S 3.6, EV/EBITDA 6.2.
What is the PEG ratio of IGG?
The PEG ratio of IG Group Holdings PLC is 1.51 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of IG Group Holdings PLC (IGG)?
Balance-sheet figures for IG Group Holdings PLC (as of Nov 7, 2026): return on equity 20.4%, debt of 0.30 per unit of equity. They feed the Quality Score of 85/100, which measures business quality independently of the share price.
How far is IGG from its 52-week high?
IG Group Holdings PLC trades at £9.36, about 52% below its 52-week high of £19.38 and 1% above the low of £9.31 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of £18.72 is for.
Which stocks are comparable to IG Group Holdings PLC?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is IG Group Holdings PLC stock attractive at the current price?
The data as of Nov 7, 2026: price £9.36, calculated fair value £18.72 (+100%), Quality Score 85/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of IGG calculated?
We run IG Group Holdings PLC through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of £18.72 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. IG Group Holdings PLC currently trades 50% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of IG Group Holdings PLC (IGG)?
The closing price on Nov 6, 2026 was £9.36. Our model-based fair value is £18.72, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IG Group Holdings PLC right now?
The rarer combination: high quality (85/100) AND below fair value. That earns a closer look rather than a quick verdict. The model range is unusually wide (£8.64 to £26.15). The outcome hinges heavily on assumptions, so read the point estimate with caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of IG Group Holdings PLC (IGG) come from?
Earnings per share at IG Group Holdings PLC grew +9.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.7 %, EBIT margin +0.1 %, tax rate +0.1 %, residual (interest, one-offs) +0.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of IG Group Holdings PLC
How large is the market capitalisation of IG Group Holdings PLC (IGG)?
The market capitalisation of IG Group Holdings PLC is £3.2B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of IG Group Holdings PLC (IGG)?
The price-to-sales ratio of IG Group Holdings PLC is 3.57 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of IG Group Holdings PLC (IGG)?
Earnings per share at IG Group Holdings PLC are £1.05 (price ÷ EPS = P/E 8.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of IG Group Holdings PLC (IGG)?
The dividend yield of IG Group Holdings PLC is 6.7% (payout 59.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of IG Group Holdings PLC (IGG)?
The net margin of IG Group Holdings PLC is 40.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of IG Group Holdings PLC (IGG)?
The return on equity (ROE) of IG Group Holdings PLC is 20.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of IG Group Holdings PLC (IGG)?
On an EBIT basis the return on assets of IG Group Holdings PLC is 16.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of IG Group Holdings PLC (IGG)?
The operating margin of IG Group Holdings PLC is 38.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IG Group Holdings PLC (IGG)?
Revenue at IG Group Holdings PLC is growing +16.5% versus a year earlier (3y avg −1.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at IG Group Holdings PLC (IGG)?
Earnings per share at IG Group Holdings PLC are growing +1.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does IG Group Holdings PLC (IGG) hold?
IG Group Holdings PLC holds more cash than debt, £534M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 7, 2026