E-L Financial screens cheaper on two of the three valuation measures in this snapshot. iA Financial has the lower PEG ratio.
iA Financial Corporation Inc. (IAG.TO) and E-L Financial Corp Ltd (ELF.TO) are both in the financials sector and insurance industry group. In the snapshot dated 2026-11-03, their latest adjusted closes were C$216.87 for IAG and C$19.56 for ELF. Share prices alone don’t show which company is cheaper, so this comparison looks at the supplied P/E, PEG and P/B ratios, along with a few other fundamentals. ELF has the lower P/E and P/B, while IAG has the lower PEG. ELF therefore screens cheaper on two of the three multiples, but that doesn’t prove its shares are undervalued or make it the better investment.
Investor takeaway: The numbers point in different directions. ELF has the lower P/E and P/B, while IAG has the lower PEG. ELF also reports higher trailing-twelve-month ROE in this snapshot, while IAG has the higher dividend yield. These figures are useful for comparison, but they don’t provide a complete picture of either insurer’s prospects, risks or financial position.
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iA Financial Corporation Inc
IAG.TO
Financials
$216.87
$19.17B
1D
+0.79%
1W
+0.51%
E-L Financial Corp Ltd
ELF.TO
Financials
$19.56
$6.76B
1D
-0.56%
1W
-0.66%
ELF is lower on two of three supplied valuation multiples
ELF’s P/E is 3.8, compared with 18.8 for IAG. Its P/B is 0.71, compared with 2.69. IAG has the lower PEG at 1.13, versus 1.89 for ELF. ELF therefore screens cheaper on two of the three measures, but that alone doesn’t show it’s undervalued.
Bull case
ELF’s P/E of 3.8 and P/B of 0.71 are both below IAG’s 18.8 and 2.69. ELF also reports a higher ROE: 19.6%, compared with 13.9% for IAG. These figures may be worth looking into, but the snapshot doesn’t explain why the multiples differ or whether the gap is justified.
Bear case
ELF’s PEG of 1.89 is higher than IAG’s 1.13, and its dividend yield of 0.81% is below IAG’s 1.94%. A low P/E or P/B doesn’t prove a stock is good value. The figures provided also don’t give enough context to assess earnings quality, growth assumptions or company-specific risks.
The valuation measures point in different directions
The supplied multiples don’t give a clear winner. IAG’s P/E of 18.8 and P/B of 2.69 are both higher than ELF’s P/E of 3.8 and P/B of 0.71, so ELF screens cheaper on those measures. But IAG’s PEG is lower: 1.13 versus 1.89 for ELF. The snapshot doesn’t explain the assumptions behind these ratios, so treat them as a starting point, not a verdict. For company-specific details, see the IAG stock page and ELF stock page.
Other snapshot figures add context, not a conclusion
ELF’s market cap is C$6.8B, compared with C$19.2B for IAG. ELF’s reported ROE TTM is 19.6%, above IAG’s 13.9%. IAG’s dividend yield is 1.94%, higher than ELF’s 0.81%. These figures describe the snapshot, but they don’t explain the valuation gap or show which business is more attractive. Both companies have a Strong Sell analyst consensus label, and the supplied analyst target is C$0.00 for each. These are the values shown in the snapshot, not a basis for drawing conclusions about future share prices.
What the cheaper multiples do not prove
ELF screens cheaper on two of the three supplied P/E, PEG and P/B measures. That doesn’t prove its shares are undervalued, that its lower multiples will last or that it’s the right fit for an investor. The snapshot doesn’t include enough detail to assess earnings expectations, balance-sheet composition or company-specific risks. Start with the numbers, then look at what’s behind them.
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