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ValueScreener company report

CGI Inc. (GIB)

NYSE / Technology / Information Technology Services

Share price

74.87 USD Market dataClose of Oct 15, 2026

Market capitalisation

13.70B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2024, filed Dec 18, 2024
Ratios computed
Oct 15, 2026
Filed years
8, FY2017 to FY2024
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

15.6% Computed

From the FY2024 filing

Read quality

Valuation

Price to earnings

11.48x Computed

FY2024 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

10.8% Computed

FY2024 accounts, priced at the latest close

Read cash generation

Revenue and net income, by fiscal year

FY2015 Revenue: 10.16B CADFY2015 Net income: 965.8M CADFY2016 Revenue: 10.68B CADFY2016 Net income: 1.07B CADFY2017 Revenue: 10.85B CADFY2017 Net income: 1.04B CADFY2018 Revenue: 11.51B CADFY2018 Net income: 1.14B CADFY2019 Revenue: 12.11B CADFY2019 Net income: 1.26B CADFY2020 Revenue: 12.16B CADFY2020 Net income: 1.12B CADFY2021 Revenue: 12.13B CADFY2021 Net income: 1.37B CADFY2022 Revenue: 12.87B CADFY2022 Net income: 1.47B CADFY2023 Revenue: 14.30B CADFY2023 Net income: 1.63B CADFY2024 Revenue: 14.68B CADFY2024 Net income: 1.69B CAD
Revenue Net income10 fiscal years; a year whose statement names no SEC filing is market data, and the table in Filings says which.
Named tests met
8 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 11.48x at the close of 2026-10-15 on FY2024 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 10.00x and 15.00x.

Today, against the Information Technology Services industry (41 companies), 11.48x sits at the 18th percentile; the middle half of that group runs from 13.31x to 25.20x.

Is it good

Return on invested capital was 15.6% in FY2024, in the band labelled "Above the cost of capital" (12.0% to 20.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Technology sector (220 companies), 15.6% sits at the 71st percentile; the middle half of that group runs from 1.2% to 17.5%.

Is it safe

Debt to equity was 0.35 in FY2024, in the band labelled "Conservative" (below 0.50), on lines anchored on Graham's defensive-investor criteria, suggesting a balance sheet that relies little on borrowing.

Today, against the Information Technology Services industry (46 companies), 0.35 sits at the 22nd percentile; the middle half of that group runs from 0.38 to 1.73.

Year by year against peers
Whether CGI Inc.'s return on equity stayed above the median of the Information Technology Services industry, year by year. (FY2015 to FY2024, 10 fiscal years of CGI Inc. with a comparable figure)
The direction
Which way CGI Inc.'s return on equity has moved, and how steadily. (FY2015 to FY2024, 10 filed years of CGI Inc.)
What could explain it
What in CGI Inc.'s filed statements could explain the movements. (1 reading drawn from the statement lines CGI Inc. filed)
In one paragraph
One paragraph on CGI Inc.'s returns, cash, balance sheet and price. (10 of sixteen figures read for CGI Inc.)

These are GIB’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research GIBPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2024 annual report: 40-F, filed Dec 18, 2024, accession 0001193125-24-281374.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

CGI Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax15.6% ComputedFY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Return on equity17.9% ComputedFY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Return on capital employed, pre-tax
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Return on assets10.1% ComputedFY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Gross margin
Why n/a

Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.

n/a ComputedFY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Operating margin
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Net margin11.5% ComputedFY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
GIB 11.5%
LDOS 8.4%CACI 5.6%IT 11.2%BR 15.0%WIT 14.7%
5.6%15.0%
Net margin: GIB against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

CGI Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.35 ComputedFY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Current ratio1.36 ComputedFY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Quick ratio1.36 ComputedFY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Interest coverage
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Altman Z-score
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Net debt1.85B ComputedFY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Total assets 16.69BTotal liabilities 7.26BShareholders' equity 9.43BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What CGI Inc owned and owed at the end of fiscal 2024, from the balance sheet it filed (40-F, filed Dec 18, 2024, 0001193125-24-281374).

CGI Inc: balance sheet position
Total assets16.69B FiledFY2024 40-F, filed Dec 18, 2024
Total liabilities7.26B FiledFY2024 40-F, filed Dec 18, 2024
Shareholders' equity9.43B FiledFY2024 40-F, filed Dec 18, 2024
Cash1.46B FiledFY2024 40-F, filed Dec 18, 2024
Total debt3.31B FiledFY2024 40-F, filed Dec 18, 2024
Net debt1.85B
Current ratio1.36
Debt to equity0.35
  • Interest cover: FY2024: No operating income line is filed for this year.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

CGI Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings11.48x ComputedClose of Oct 15, 2026 · FY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
P/E on trailing twelve months
Why n/a

A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

n/a ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book2.06x ComputedClose of Oct 15, 2026 · FY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Price to sales1.32x ComputedClose of Oct 15, 2026 · FY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Enterprise value to EBIT8.94x ComputedClose of Oct 15, 2026 · FY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Enterprise value to EBITDA
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Price to earnings over growth1.16 ComputedClose of Oct 15, 2026 · FY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Diluted earnings per share
Why n/a

The FY2024 filing carries no diluted earnings per share we could read.

n/a FiledFY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Graham number
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374

We publish no fair value or price target of our own. Value GIB on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for CGI Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

CGI Inc: valuation
Share price74.87 USD
Market capitalisation13.70B USD
Enterprise value to EBITDAn/a
Graham numbern/a
Diluted earnings per share, FY2016n/a

Price to earnings on trailing twelve months: A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

Companies like CGI Inc

  1. Leidos Holdings, Inc. (LDOS)Market cap 15.56B USD
  2. CACI International Inc (CACI)Market cap 13.51B USD
  3. Gartner, Inc. (IT)Market cap 13.09B USD
  4. Broadridge Financial Solutions, Inc. (BR)Market cap 19.66B USD
  5. Wipro Limited (WIT)Market cap 18.50B USD

Same industry (Information Technology Services) and size band (Large, 10B to 200B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

CGI Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield10.8% ComputedClose of Oct 15, 2026 · FY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Free cash flow2.10B CAD ComputedFY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Free cash flow margin14.3% ComputedFY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Dividend yield
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Payout ratio
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
FY2015 Free cash flow: 1.10B CADFY2015 Net income: 965.8M CADFY2016 Free cash flow: 1.07B CADFY2016 Net income: 1.07B CADFY2017 Free cash flow: 1.25B CADFY2017 Net income: 1.04B CADFY2018 Free cash flow: 1.35B CADFY2018 Net income: 1.14B CADFY2019 Free cash flow: 1.47B CADFY2019 Net income: 1.26B CADFY2020 Free cash flow: 1.81B CADFY2020 Net income: 1.12B CADFY2021 Free cash flow: 1.99B CADFY2021 Net income: 1.37B CADFY2022 Free cash flow: 1.71B CADFY2022 Net income: 1.47B CADFY2023 Free cash flow: 1.95B CADFY2023 Net income: 1.63B CADFY2024 Free cash flow: 2.10B CADFY2024 Net income: 1.69B CAD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

CGI Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
11.48xFY2024Oct 15, 2026
2.06xFY2024Oct 15, 2026
8.94xFY2024Oct 15, 2026
10.8%FY2024Oct 15, 2026
15.6%FY2024Dec 18, 2024
n/aFY2024Oct 15, 2026
n/a The filed cash flow statement reports no dividend paid at all. That is not the same as a filed zero, and we will not read it as one.
0.35FY2024Dec 18, 2024
1.36FY2024Dec 18, 2024
1.32xFY2024Oct 15, 2026
1.16FY2024Oct 15, 2026
n/aFY2024Oct 15, 2026
n/a We hold no figure here and no stored reason for its absence. The gap is ours, not the company's.
-2.30FY2024Dec 18, 2024
4/9FY2024Dec 18, 2024

The figures are computed from the accounts for fiscal 2024, the newest full year on file. 8 filed fiscal years on record, FY2017 to FY2024, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 fiscal years, FY2015 to FY2024. 8 read from the annual reports CGI Inc filed with the SEC, each naming its filing; the rest from statements that name none, which are market data. Amounts in CAD, as reported.

CGI Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY202414.68B2.38B1.69Bn/a2.10Bn/a17.9%40-F, Dec 18, 20240001193125-24-281374
FY202314.30B2.29B1.63Bn/a1.95Bn/a19.6%40-F, Dec 15, 20230001193125-23-296799
FY202212.87B2.06B1.47Bn/a1.71Bn/a20.2%40-F, Dec 16, 20220001193125-22-307510
FY202112.13B1.95B1.37Bn/a1.99Bn/a19.6%40-F, Dec 17, 20210001193125-21-361301
FY202012.16B1.64B1.12Bn/a1.81Bn/a15.4%40-F, Dec 18, 20200001193125-20-321689
FY201912.11B1.76B1.26Bn/a1.47Bn/a18.6%40-F, Dec 19, 20190001193125-19-319303
FY201811.51B1.57B1.14Bn/a1.35Bn/a17.1%40-F, Dec 20, 20180001628280-18-015332
FY201710.85B1.49B1.04Bn/a1.25Bn/a16.7%40-F, Dec 20, 20180001628280-18-015332
FY201610.68B1.55B1.07B3.421.07B14.5%16.5%Market data, supplied Oct 15, 2026accession n/a
FY201510.16B1.45B965.8M3.041.10B14.2%15.9%Market data, supplied Oct 15, 2026accession n/a
  • Revenue, compound annual growth FY2015 to FY2024: 4.2%
  • Earnings, compound annual growth FY2015 to FY2024: 6.4%
  • Earnings per share, compound annual growth FY2015 to FY2016: 12.5%
  • Free cash flow, compound annual growth FY2015 to FY2024: 7.5%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

CGI Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.30 ComputedFY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Piotroski F-score4/9 ComputedFY2024 40-F, filed Dec 18, 2024, 0001193125-24-281374
Named tests met8 of 30 Computed
Beta0.50 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 8 met, 14 not met, 8 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Earnings yield and ROIC (Joel Greenblatt); Low beta, profitable; ROIC at or above WACC; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Cash-flow yield and ROIC; Cheapest quarter on P/E (David Dreman)
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); Book or below, low debt (Walter Schloss); Tangible book or below; Clean books, high ROIC; Cheapest quarter on P/B (David Dreman)
Not measured
Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; P/E times P/B (Benjamin Graham); High returns, low debt; Cash-covered dividend; Low P/E, growth, yield (John Neff). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(13)
  • Positive Earnings Streak: The latest filed year has no per-share earnings we can read; the test needs 10.
  • Altman Z-Score: We do not hold this figure for this company, so there is nothing to show.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Gross Margin: Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.
  • EV/EBITDA: We do not hold this figure for this company, so there is nothing to show.
  • Interest Coverage: No operating income line is filed for this year.
  • Dividend Yield: We do not hold this figure for this company, so there is nothing to show.
  • Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Share Count Change Yoy: We do not hold this figure for this company, so there is nothing to show.
  • Price To Graham: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Streak: We do not hold this figure for this company, so there is nothing to show.
  • Price Tangible Book: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 13 figures could not be read on this company, among them Positive Earnings Streak, Altman Z-Score, Eps Growth 5Y. Each blank in the table above names the rest, with its reason. 8 named tests come back incomplete because of them, which is neither met nor missed.
  • We hold 8 filed fiscal years rather than 10, so the run above is shorter than a full decade and is counted as what it is.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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