Citizens Financial Group Inc. (CFG) intrinsic value & 10-year financials
Citizens Financial Group Inc. (CFG) has a Graham intrinsic value of $79.99 per share. At $63.36 on Oct 17, 2026, the stock trades 21% below that value. Over the last 10 fiscal years revenue shrank 12.2% a year to $1.6B, with an average return on invested capital of 6.2%.
- Graham intrinsic value
- $79.99
- Share price (Oct 17, 2026)
- $63.36
- Price vs Graham value
- 21% below
- Market cap
- $27.7B
- Revenue (FY2025)
- $1.6B
- Revenue growth (10-yr CAGR)
- -12.2%
- ROIC (10-yr avg)
- 6.2%
- Free cash flow (FY2025)
- —
CFG 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.6B | $1.8B | $3.86 | — | — | 7.2% |
| FY2024 | $1.5B | $1.5B | $3.03 | — | — | 5.7% |
| FY2023 | $1.3B | $1.6B | $3.13 | — | — | 5.8% |
| FY2022 | $1.3B | $2.1B | $4.10 | — | — | 8.2% |
| FY2021 | $1.3B | $2.3B | $5.16 | — | — | 11.7% |
| FY2020 | $1.1B | $1.1B | $2.22 | — | — | 4.1% |
| FY2019 | $1.2B | $1.8B | $3.81 | $1.6B | — | 5.3% |
| FY2018 | $1.1B | $1.7B | $3.52 | $1.5B | — | 5.2% |
| FY2017 | $5.7B | $1.7B | $3.25 | $1.6B | — | 5.1% |
| FY2016 | $5.3B | $1.0B | $1.97 | $1.4B | — | 3.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Citizens Financial Group is facing top-line stagnation, with revenue contracting over the decade.
Citizens Financial Group has historically struggled to out-earn its cost of capital, averaging just 6.1% ROIC.
Over the decade, Citizens Financial Group shows that management has aggressively returned capital to shareholders by retiring 16.6% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Citizens Financial Group is modeled at 7.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $79.99 per share.