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ICG vs Partners Group Holding: Which Stock Looks Stronger in 2026?

ICG holds the cleaner structural position, with profitability as the main driver and valuation adding further support. Partners does not offset that deficit through any equally strong structural edge elsewhere. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The lead is spread across profitability and valuation, rather than sitting in one isolated gap. The overall score gap is 18 points in favour of ICG plc.

INDUSTRY COMPARISON

Both operate in: Asset Management

This comparison is based on industry proximity, not on functional trajectory similarity. ICG.L and PGHN.SW share the same industry classification.

For a similarity-based comparison, see how ICG and Partners each position within their functional peer groups in AssetNext.

Peer-Relative Score
ICG.L
ICG plc
76
Peer-Score
Signal qualityMedium
vs
PGHN.SW
Partners Group Holding AG
58
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: ICG.L vs PGHN.SW Profitability 95 69 Stability 24 25 Valuation 87 64 Growth 83 67 ICG.L PGHN.SW
Gap Ranking
#1 Profitability +26
#2 Valuation +23
#3 Growth +16
#4 Stability +1
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ICG.L and PGHN.SW Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ICG.LPGHN.SW Relative valuation Structural strength

ICG plc looks stronger on relative valuation, while the broader price setup remains mixed.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Profitability
Both rank well on profitability, but ICG plc still sits higher.
Valuation
On valuation, the edge is clear — both rank well, but ICG plc sits noticeably higher.
Profitability — Dominant Gap
ICG.L
95
PGHN.SW
69
Gap+26in favour of ICG.L

The clearest distance comes from a stronger profitability profile.

What keeps the gap from being one-sided

Partners Group Holding AG still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

Profitability is the clearest driver, and valuation also supports ICG plc's broader structural position.

Explore full peer positioning in AssetNext

Break down the ICG.L vs PGHN.SW comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar profitability-and-valuation comparisons

Explore how ICG.L and PGHN.SW each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.