Latest Ratios: P/E Ratio 12.9x · EV/EBITDA 6.9x · ROE 16.8%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $14.4B | $20.1B | $26.6B | $23.4B | $18.3B | $21.5B | $18.0B | $22.0B | $18.6B | $15.7B | $14.9B |
| Enterprise Value | $17.0B | $23.7B | $28.5B | $25.6B | $21.3B | $23.9B | $20.1B | $24.1B | $20.2B | $17.4B | $16.2B |
| P/E Ratio → | 12.87 | 12.13 | 15.73 | 14.36 | 12.46 | 15.67 | 16.14 | 17.39 | 16.32 | 15.21 | 13.93 |
| P/S Ratio | 1.29 | 1.26 | 1.81 | 1.64 | 1.43 | 1.77 | 1.48 | 1.81 | 1.61 | 1.46 | 1.40 |
| P/B Ratio | 2.07 | 1.95 | 2.82 | 2.82 | 2.51 | 3.07 | 3.32 | 3.19 | 2.79 | 2.54 | 2.30 |
| P/FCF | 10.46 | 10.23 | 13.72 | 12.97 | 11.63 | 11.41 | 10.63 | 16.10 | 14.84 | 13.80 | 13.97 |
| P/OCF | 9.20 | 9.00 | 12.08 | 11.08 | 9.80 | 10.14 | 9.30 | 13.45 | 12.47 | 11.58 | 11.18 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.49 | 1.94 | 1.79 | 1.67 | 1.97 | 1.65 | 1.99 | 1.75 | 1.62 | 1.52 |
| EV / EBITDA | 6.92 | 6.79 | 9.95 | 9.26 | 8.45 | 9.69 | 9.17 | 10.91 | 9.66 | 9.04 | 8.34 |
| EV / EBIT | 7.37 | 10.27 | 11.99 | 11.19 | 10.43 | 12.33 | 12.35 | 13.72 | 12.93 | 11.79 | 10.63 |
| EV / FCF | — | 12.07 | 14.67 | 14.17 | 13.55 | 12.73 | 11.85 | 17.65 | 16.13 | 15.29 | 15.20 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.7% | 20.7% | 16.5% | 16.2% | 16.2% | 20.6% | 20.4% | 15.0% | 14.8% | 14.5% | 14.5% |
| Operating Margin | 20.6% | 20.6% | 16.5% | 16.2% | 16.2% | 16.1% | — | 15.0% | 14.8% | 14.5% | 14.5% |
| Net Profit Margin | 10.4% | 10.4% | 11.5% | 11.4% | 11.4% | 11.3% | 9.2% | 10.4% | 9.9% | 9.5% | 10.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.8% | 16.8% | 19.1% | 20.9% | 20.4% | 22.0% | 18.1% | 18.6% | 17.8% | 16.3% | 17.0% |
| ROA | 9.2% | 9.2% | 10.4% | 10.5% | 9.6% | 10.3% | 9.2% | 10.3% | 9.8% | 8.9% | 9.1% |
| ROIC | 19.5% | 19.5% | 16.7% | 16.7% | 15.7% | 17.3% | — | 15.8% | 15.8% | 15.0% | 14.8% |
| ROCE | 23.8% | 23.8% | 19.9% | 20.4% | 18.1% | 19.5% | — | 19.6% | 19.5% | 17.8% | 17.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.43 | 0.43 | 0.35 | 0.45 | 0.55 | 0.60 | 0.61 | 0.34 | 0.27 | 0.30 | 0.30 |
| Debt / EBITDA | 1.28 | 1.28 | 1.16 | 1.35 | 1.58 | 1.69 | 1.52 | 1.06 | 0.86 | 0.97 | 0.98 |
| Net Debt / Equity | — | 0.35 | 0.20 | 0.26 | 0.41 | 0.35 | 0.38 | 0.31 | 0.24 | 0.27 | 0.20 |
| Net Debt / EBITDA | 1.03 | 1.03 | 0.65 | 0.79 | 1.19 | 1.00 | 0.94 | 0.96 | 0.77 | 0.88 | 0.68 |
| Debt / FCF | — | 1.84 | 0.95 | 1.20 | 1.92 | 1.32 | 1.22 | 1.55 | 1.29 | 1.49 | 1.23 |
| Interest Coverage | 19.40 | 19.40 | 26.10 | 25.71 | 22.02 | 18.08 | 13.87 | 22.39 | 21.97 | 21.87 | 20.69 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.99 | 0.99 | 1.36 | 1.06 | 1.19 | 1.25 | 1.35 | 1.13 | 1.00 | 1.06 | 1.15 |
| Quick Ratio | 0.99 | 0.99 | 1.02 | 1.06 | 0.87 | 0.98 | 1.35 | 0.75 | 0.69 | 0.72 | 0.82 |
| Cash Ratio | 0.17 | 0.17 | 0.41 | 0.34 | 0.27 | 0.45 | 0.47 | 0.09 | 0.06 | 0.06 | 0.21 |
| Asset Turnover | — | 0.82 | 0.88 | 0.90 | 0.84 | 0.81 | 1.04 | 0.96 | 0.97 | 0.95 | 0.91 |
| Inventory Turnover | — | — | 10.15 | — | 8.96 | 9.21 | — | 9.40 | 10.42 | 10.00 | 9.76 |
| Days Sales Outstanding | — | 69.15 | 35.36 | 36.54 | 39.20 | 37.21 | 52.20 | 41.16 | 47.01 | 43.72 | 37.93 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.6% | 0.7% | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 8.1% | 8.1% | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.8% | 8.2% | 6.4% | 7.0% | 8.0% | 6.4% | 6.2% | 5.7% | 6.1% | 6.6% | 7.2% |
| FCF Yield | 9.6% | 9.8% | 7.3% | 7.7% | 8.6% | 8.8% | 9.4% | 6.2% | 6.7% | 7.2% | 7.2% |
| Buyback Yield | 6.3% | 6.4% | 3.8% | 3.7% | 5.4% | 7.2% | 6.2% | 5.3% | 4.4% | 7.9% | 3.7% |
| Total Shareholder Yield | 6.9% | 7.1% | 3.8% | 3.7% | 5.4% | 7.2% | 6.2% | 5.3% | 4.4% | 7.9% | 3.7% |
| Shares Outstanding | — | $225M | $232M | $238M | $243M | $253M | $266M | $278M | $289M | $303M | $313M |
Wage inflation margin compression
According to current market data, CGI trades at a forward P/E of 7.18, which appears to reflect a significant discount compared to peers like Infosys and Wipro, suggesting the market may be mispricing the durability of its long-term, mission-critical managed services revenue streams.
The current valuation multiples imply a market skepticism regarding the company's ability to scale beyond its existing footprint, yet the PEG ratio of 1.05 suggests a more balanced outlook when accounting for expected earnings growth. Investors should monitor whether this valuation gap persists as the firm continues to integrate AI-driven efficiencies into its delivery model.
Based on reported figures, CGI's ROIC has fluctuated between 3.5% and 7.3% over the last ten quarters, a trend that indicates the company is struggling to compound returns on invested capital as the asset base expands through aggressive, acquisition-led growth strategies.
The disparity between these returns and the higher benchmarks set by peers like Accenture suggests that the integration of acquired entities is currently diluting overall capital efficiency. Management's ability to extract synergies from these acquisitions remains the primary determinant of whether ROIC can return to levels that justify the firm's capital allocation strategy.
As reported in recent financial statements, the cash conversion cycle has shown volatility, peaking at 51 days in 2024Q1, which highlights the operational challenges of managing a decentralized business unit structure while maintaining consistent payment terms with a diverse, global client base.
The asset turnover ratio, consistently hovering near 0.22, reflects the service-heavy nature of the business and the inherent difficulty in scaling revenue without a proportional increase in headcount. This efficiency profile suggests that the firm's primary leverage remains its ability to optimize utilization rates rather than physical asset productivity.
According to the latest balance sheet data, CGI maintains a debt-to-equity ratio of 0.43, a conservative position that provides the firm with significant financial headroom to pursue its 'Buy and Build' strategy without compromising its ability to service existing debt obligations.
The interest coverage ratio, which remains robust despite recent fluctuations, indicates that the company is well-positioned to navigate a higher-rate environment compared to more levered competitors. This financial discipline appears to be a core component of the firm's defensive moat, allowing for opportunistic acquisitions even during periods of market stress.
Investors frequently misapply standard gross margin analysis to CGI, failing to account for the firm's unique reporting structure where nearly all delivery costs are categorized as operating expenses, which obscures the true profitability of its proprietary software and consulting segments.
By focusing on the narrow spread between gross and operating margins, analysts may incorrectly conclude that the business lacks pricing power or operational leverage. A more accurate assessment would involve adjusting for the high variable cost of professional services to isolate the margin contribution of the firm's proprietary IP portfolio.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying GIB stock.
CGI Inc.'s current P/E ratio is 12.9x. The historical average is 17.8x. This places it at the 33th percentile of its historical range.
CGI Inc.'s current EV/EBITDA is 6.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.2x.
CGI Inc.'s return on equity (ROE) is 16.8%. The historical average is 14.3%.
Based on historical data, CGI Inc. is trading at a P/E of 12.9x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
CGI Inc.'s current dividend yield is 0.63% with a payout ratio of 8.1%.
CGI Inc. has 20.7% gross margin and 20.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
CGI Inc.'s Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.