Power Corporation of Canada
Look-through NAV vs. the share price — the "basket" (sum of its stakes + private assets − net debt) against what the market pays for the holdco. The gap is the discount/premium; watch it widen and narrow. S&P 500 · POW.TO.
Discount
-23.5%
NAV / share
C$113.13
Price
C$86.5
z-score
-1.55
Mark-to-mkt
93%
Cheap vs own history:65ᵗʰ percentile of its 3yr discount rangez -1.3 6mz -1.5 1yz +0.6 3y
NAV / share (basket) Share priceC$ per share
Discount / premium to NAV over time
Look-through basket · C$71.5B NAV
| Great-West Lifeco GWO.TO | C$56.6B | 79% | |
| IGM Financial IGM.TO | C$11.2B | 16% | |
| GBL GBLB.BR↳ double discount · -29% own NAV | C$2.9B | 4% | |
| Other / private / cash (static, 2026-03) | C$5.0B | net debt C$4.3B | |
Desmarais family holdco — Great-West Lifeco (71%), IGM Financial (63%), ~19% of GBL (itself a holdco → a double-discount line) + unlisted Wealthsimple/Sagard (the otherNAV). Adjusted NAV ≈ CAD 84.5/sh; discount unusually narrow (~−18%) vs a long-run ~−35%.
Stake prices + FX live; net debt / private NAV / share counts are estimates — verify against the holdco's NAV statement. Not investment advice.