CGI Inc. (GIB) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+130.9%

$190.91

vs $82.70 price

Levered DCF

$259.77

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.08

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	16.88×	20.95×	19.49×	16.97×	19.53×	21.13×	22.63×	20.88×
P/B	2.72×	3.76×	3.83×	3.42×	3.83×	4.35×	4.15×	3.57×
P/S	1.76×	2.42×	2.22×	1.95×	2.21×	1.94×	2.36×	2.07×
EV / EBITDA	11.23×	13.22×	12.41×	11.09×	11.93×	11.72×	14.28×	13×
Gross margin	20.7%	16.5%	16.2%	16.2%	20.6%	20.4%	15.0%	14.8%
Operating margin	20.6%	16.5%	16.2%	16.2%	16.1%	0.0%	15.0%	14.8%
Net margin	10.4%	11.5%	11.4%	11.4%	11.3%	9.2%	10.4%	9.9%
Current ratio	0.99×	1.36×	1.06×	1.19×	1.25×	1.35×	1.13×	1×
Debt / equity	0.43×	0.35×	0.45×	0.55×	0.6×	0.61×	0.34×	0.27×
Interest coverage	27.54×	26.54×	26.03×	22.23×	18.24×	0×	23.21×	24×
Dividend yield	0.5%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	8.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	16.1%	18.0%	19.6%	20.0%	19.6%	20.6%	18.4%	17.1%
Return on invested capital	15.7%	13.4%	13.7%	13.0%	12.4%	0.0%	13.9%	14.3%
Return on assets	8.5%	10.1%	10.3%	9.6%	9.1%	9.6%	10.0%	9.6%
Free cash flow yield	7.0%	5.5%	5.7%	6.3%	7.0%	7.2%	4.8%	5.3%
Earnings yield	5.9%	4.8%	5.1%	5.8%	5.1%	4.7%	4.4%	4.8%
Enterprise value	$31.6B	$37.3B	$34B	$27.9B	$29.2B	$25.7B	$30.7B	$25.4B
Net debt / EBITDA	1.28×	0.65×	0.79×	1.2×	1.01×	0.94×	0.99×	0.83×
Cash conversion cycle (days)	40	42	8	45	43	23	41	40