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Citigroup Inc. — Intrinsic Value & Fair Price

C
NYSEFinancial ServicesBanks - DiversifiedCIK 0000831001citigroup.comAbout C
Last close · Oct 16, 2026124.25+1.04 (+0.84%)
Market cap$208.4B
Model value · P/TBV · justified
115.25
Citigroup closed at $124.25 — overvalued by 8% vs model.
100.85the model's range134.46

P/TBV · justified leads for a bank. From the justified price to tangible book.

Other models
42.13 – 268.51
Wall St. target
148.00 16% below
Above model, 1y
20 of 20 days

Price and model value

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What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
1.99%
Past 2 years
low 1.65%high 3.80%
Dividends per share, a year at a time
$2.04Jul ’21$2.04Jul ’22$2.06Aug ’23$2.15Aug ’24$2.28Aug ’25$2.47TTM
Dividends / earnings, FY2025
37.6%
Raised
3 years in a row
Growth, 5 yrs
3.9% a year
Last change
+11.7% · Aug 2026
Every payment, with ex-dates · latest $0.67, paid Aug 28, 2026

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How it is valued

Valued asBank
Low/slowing growth (~4% recent)Moderate margins (17% net margin)Pays dividendsHighly cyclical earningsNegative free cash flow
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for banks
Price / tangible book
1.2×
Price / book
1.1×
Return on equity
6.7%
P/E
17.8×
Dividend yield, TTM
1.99%
Payout ratio
37.6%
Full financials

Analyst actions

third-party, quoted
10-14Evercore ISI · target135.00
10-14RBC Capital · target135.00
10-14UBS · target148.00
06-30Oppenheimer · “Perform” from “Outperform”downgrade
Ratings, targets and estimates

The weekly

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About Citigroup

Citigroup, Inc. is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Services, Markets, Banking, Wealth, U.S. Personal Banking (USPB), and All Other. The Services segment includes Treasury and Trade Solutions (TTS) which provides an integrated suite of tailored cash management, trade, and working capital solutions to multinational corporations, financial institutions and public sector organizations, and Securities Services, which offers cross-border support for clients, providing on-the-ground local market expertise, post-trade technologies, customized data solutions, and a wide range of securities services solutions that can be tailored to meet client needs. The Markets segment provides corporate, institutional, and public sector clients around the world with a full range of sales and trading services across equities, foreign exchange, rates, spread products, and commodities. The Banking segment offers Investment Banking and Corporate Lending services. The Wealth segment includes Private Bank, Wealth at Work, and Citigold and provides financial services to a range of client segments through banking, lending, mortgages, investment, custody, and trust product offerings. The USPB segment includes Branded Cards and Retail Services, which have proprietary card portfolios and co-branded card portfolios within Branded Cards, and co-brand and private label relationships within Retail Services. The All Other segment consists of activities not assigned to the reportable operating segments, including certain unallocated costs of global functions, other corporate expenses, and net treasury results. The company was founded in 1812 and is headquartered in New York, NY.

CEO
Jane Nind Fraser
Headquarters
New York, NY
Employees
219,000
IPO
1977-01-03
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.