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Citizens Financial Group, Inc. — Intrinsic Value & Fair Price

CFG
NYSEFinancial ServicesBanks - RegionalCIK 0000759944citizensbank.comAbout CFG
Last close · Oct 16, 202663.36−0.07 (−0.11%)
Market cap$26.7B
Model value · P/E · peers
56.43
Citizens Financial Group closed at $63.36 — overvalued by 12% vs model.
55.35the model's range71.06

P/E · peers leads because P/TBV · justified returned no positive value. From its peers' median P/E.

Other models
35.96 – 132.54
Wall St. target
78.00 19% below
Above model, 1y
20 of 20 days

Price and model value

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What the marks mean
Daily close

Valuation models

price $63.36 · as of Oct 17, 2026

P/E · peers leads because P/TBV · justified returned no positive value. How we value a stock walks through every input.

engine pkg:0.1.0

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
2.90%
Past 2 years
low 2.42%high 4.90%
Dividends per share, a year at a time
$1.56Jul ’21$1.59Aug ’22$1.68Aug ’23$1.68Jul ’24$1.68Jul ’25$1.84TTM
Dividends / earnings, FY2025
41.2%
Raised
1 years in a row
Growth, 5 yrs
3.4% a year
Last change
+9.5% · Oct 2025
Every payment, with ex-dates · latest $0.46, paid Aug 13, 2026

Research on CFG

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How it is valued

Valued asBank
Moderate growth (~14% recent)High profitability (112% net margin)Pays dividendsHighly cyclical earningsStrong FCF yield (7.6%)
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for banks
Price / tangible book
1.5×
Price / book
1.0×
Return on equity
7.0%
P/E
16.4×
Dividend yield, TTM
2.90%
Payout ratio
48.5%
Full financials

Analyst actions

third-party, quoted
10-14Cantor Fitzgerald · target78.00
10-06Raymond James · target77.00
10-05UBS · target77.00
07-06Baird · “Neutral” from “Outperform”downgrade
Ratings, targets and estimates

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About Citizens Financial Group

Citizens Financial Group, Inc. (CFG) functions as the holding company for Citizens Bank, National Association, a major financial institution offering a comprehensive suite of retail and commercial banking solutions across the United States. It serves a broad spectrum of clients, from individual consumers and small enterprises to large corporations and various institutions. Its business is segmented into two primary divisions: Consumer Banking and Commercial Banking. The Consumer Banking division delivers a robust array of products, encompassing deposit accounts, mortgage and home equity lending, credit cards, and business loans for smaller entities. It also provides wealth management, investment services, and specialized financing for areas like auto, education, and point-of-sale purchases, alongside digital deposit solutions. Clients engage with this segment through contact centers and its advanced online and mobile banking platforms. Conversely, the Commercial Banking segment provides sophisticated financial solutions designed for corporate and institutional clients. These include a wide range of lending and leasing products, treasury and deposit management services, foreign exchange, and risk mitigation tools for interest rates and commodities. Additionally, it offers syndicated loans, corporate finance advice, merger and acquisition (M&A) assistance, and capital markets services for debt and equity. Its client roster spans numerous industries, such as government, non-profit, healthcare, technology, professional services, energy (oil and gas), asset and franchise finance, asset-based lending, commercial real estate, private equity, and sponsor finance. The company boasts a substantial physical presence, operating approximately 1,200 branches across 14 states and the District of Columbia. Complementing these are 114 non-branch retail and commercial offices in key national markets and a network of roughly 3,300 automated teller machines. Founded in 1828, Citizens Financial Group, Inc. is headquartered in Providence, Rhode Island. It adopted its current name in April 2014, having previously operated as RBS Citizens Financial Group, Inc.

CEO
Bruce Winfield Van Saun
Headquarters
Providence, RI
Employees
17,398
IPO
2014-09-24
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.