---
title: Citizens Financial Group (CFG) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/cfg
ticker: CFG
as_of: 2026-10-17
sector: Financial Services
industry: Banks - Regional
---
# Citizens Financial Group (CFG)

Citizens Financial Group (CFG) closed at $63.36 on Oct 16, 2026, overvalued by 12% vs its model value of $56.43 (from its peers' median P/E).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $63.36 (Oct 16, 2026) |
| Model value (from its peers' median P/E) | $56.43 |
| Price vs model | overvalued by 12% vs model |
| Range of that model | $55.35 – $71.06 |
| Market value | $26.7B |
| P/E (fiscal 2025) | 16.4 |
| Net margin (fiscal 2025) | 16.4% |
| Free cash flow (fiscal 2025) | $2.0B |
| Dividend yield (trailing twelve months) | 2.90% |
| Beta | 1.06 |
| Cost of capital (WACC) | 10.11% |
| Business classification | Dividend Payer (Moderate growth (~14% recent), High profitability (112% net margin), Pays dividends, Highly cyclical earnings, Strong FCF yield (7.6%)) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 2.90% |
| Dividends per share, last 12 months | $1.84 |
| Dividends / earnings (fiscal 2025) | 41.2% |
| Raised | 1 years in a row |
| Growth over 5 years | 3.4% a year |
| Latest payment | $0.46, ex-date Jul 30, 2026, paid Aug 13, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Jul 29, 2021 | $1.56 |
| To Aug 1, 2022 | $1.59 |
| To Aug 1, 2023 | $1.68 |
| To Jul 31, 2024 | $1.68 |
| To Jul 31, 2025 | $1.68 |
| Trailing twelve months (to Jul 30, 2026) | $1.84 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/TBV · justified | primary | $0.00 | $0.00 | $0.00 |
| P/E · peers | cross check | $56.43 | $55.35 | $71.06 |
| P/E · own history | cross check | $52.94 | $35.36 | $73.16 |
| PEG | sanity check | $132.54 | $132.54 | $132.54 |
| Dividend discount | cross check | $35.96 | $25.48 | $55.65 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 1 open-market sale ($9.3M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 1, 2026 | Boss Matthew | Head of Consumer Banking | Tax withholding | 10,778 | $742,280.9 |
| Aug 13, 2026 | Cumming Christine M | Director | Grant / award | 268.751 | $0 |
| Aug 13, 2026 | SIEKERKA MICHELE N | Director | Grant / award | 134.488 | $0 |
| Aug 13, 2026 | Leary Robert G | Director | Grant / award | 208.392 | $0 |
| Aug 13, 2026 | KELLY EDWARD J III | Director | Grant / award | 246.184 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 16, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/759944/000075994426000206/cfg-20261016.htm |
| Oct 8, 2026 | 8-K | 5.03 Amendment to Articles/Bylaws; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/759944/000075994426000192/cfg-20261006.htm |
| Aug 3, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/759944/000075994426000148/cfg-20260630.htm |
| Jul 31, 2026 | 8-K | 3.03 Modification to Security-Holder Rights; 5.03 Amendment to Articles/Bylaws; 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/759944/000119312526326411/d144911d8k.htm |
| Jul 21, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/759944/000075994426000139/cfg-20260721.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Sarah Ketterer | 2026-06-30 | 1,077,093 | $75.5M |
| Bridgewater | 2026-06-30 | 847,858 | $59.4M |
| Soros | 2026-06-30 | 287,540 | $20.1M |
| Robert Olstein | 2026-03-31 | 88,200 | $5.3M |

4 tracked managers in all.

## About

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…

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Source: https://sweetvaluelab.com/stocks/cfg (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.