Is iA Financial (TSX:IAG) Undervalued Following Its Recent Executive And University Updates?

Event puts iA Financial in focus for investors

iA Financial (TSX:IAG) is back on investor watchlists after its chief executive, Denis Ricard, was scheduled to speak at the Scotiabank Financials Summit on September 10, 2026.

This follows a recent announcement that iA Financial Group will fund a $600,000 iA Financial Group Professorship in Quantitative Finance at the University of Toronto's Rotman School of Management over five years.

Against this backdrop of executive visibility and academic partnership, iA Financial’s share price has risen 15.8% over the past 90 days. Its 1-year total shareholder return of 36.4% and 5-year total shareholder return of 232.6% reflect this momentum.

Spot similar momentum and research driven stories to iA Financial by scanning our hand picked 9 high quality undiscovered gems that are still flying under most investors' radar.

The recent 15.8% move in iA Financial over 90 days can look like pure momentum or a response to a business story that includes rising net income and high multi year returns. How does the valuation line up with that?

Most Popular Narrative: 10.4% Undervalued

Based on the most followed narrative, iA Financial’s fair value of CA$228.09 sits above the last close at CA$204.44, which puts the recent share price strength into clearer context.

The rising focus on retirement readiness and long-term savings in Canada is supporting iA Financial's leading segregated fund franchise, which can support higher fee-based revenue as assets under management grow over time.

Read the complete narrative.

Curious what underpins that valuation gap? The narrative emphasizes earnings growth, richer margins and a future profit multiple that assumes the business scales efficiently from here.

Result: Fair Value of CA$228.09 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, the iA Financial story still carries pressure points, including wealth fees tied to market levels and ongoing earnings volatility in the U.S. operations.

Find out about the key risks to this iA Financial narrative.

Another view on iA Financial’s valuation

The narrative and fair value of CA$228.09 paint iA Financial as 10.4% undervalued. The market is telling a different story. At a P/E of 16.8x, the stock trades richer than the North American Insurance industry at 11.7x and above a fair ratio of 15x based on regression work.

That gap suggests investors are already paying a premium today, which raises the question of how much of the future earnings story is already priced in.

See what the numbers say about this price — find out in our valuation breakdown.

Next Steps

The mixed signals around iA Financial highlight how reasonable investors can disagree on what comes next. It can be helpful to look directly at the key numbers and narratives yourself and move quickly while sentiment is still forming, then review the 4 key rewards.

Looking for more investment ideas beyond iA Financial?

If you stop with iA Financial, you risk missing other stocks that fit your approach. Use the Simply Wall St Screener to quickly surface ideas that match your goals.

• Target potential mispricing by reviewing companies that screen as 14 high quality undervalued stocks based on fundamentals and current share prices.
• Lock in more predictable income streams by scanning a set of 3 dividend fortresses that focus on higher yields.
• Prioritise resilience by filtering for a 11 resilient stocks with low risk scores that emphasises sturdier balance sheets and lower risk scores.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com