Citizens Financial Group, Inc. (CFG) Financial Ratios
14 years of historical data (2012–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
10.31
↑+39% vs avg
5yr avg: 7.42
30Y Low4.9·High15.5
P/FCF
↑
14.34
↑+67% vs avg
5yr avg: 8.56
30Y Low4.7·High15.7
P/B Ratio
↑
1.11
↑+36% vs avg
5yr avg: 0.82
30Y Low0.6·High1.0
ROE
↓
7.2%
-7% vs avg
5yr avg: 7.8%
30Y Low-16%·High10%
Debt/EBITDA
↑
4.19
↓-4% vs avg
5yr avg: 4.37
30Y Low1.9·High9.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CFG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Citizens Financial Group, Inc. trades at 17.4x earnings, 47% above its 5-year average of 11.8x, sitting at the 92nd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 28%. On a free-cash-flow basis, the stock trades at 14.3x P/FCF, 67% above the 5-year average of 8.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $29.2B | $25.4B | $19.8B | $15.8B | $18.8B | $20.2B | $15.3B | $18.3B | $14.3B | $21.1B | $18.7B |
| Enterprise Value | $27.8B | $24.0B | $21.0B | $17.7B | $23.9B | $17.7B | $10.9B | $29.0B | $27.3B | $32.4B | $31.7B |
| P/E Ratio → | 17.38 | 15.13 | 14.44 | 10.59 | 9.60 | 9.16 | 16.11 | 10.66 | 8.45 | 12.92 | 18.09 |
| P/S Ratio | 2.62 | 2.28 | 1.61 | 1.30 | 2.07 | 2.89 | 1.99 | 2.27 | 1.94 | 3.28 | 3.24 |
| P/B Ratio | 1.11 | 0.97 | 0.82 | 0.65 | 0.79 | 0.86 | 0.68 | 0.83 | 0.69 | 1.04 | 0.95 |
| P/FCF | 14.34 | 12.49 | 10.56 | 5.66 | 4.71 | 9.39 | — | 11.44 | 9.31 | 14.65 | 15.73 |
| P/OCF | 13.21 | 11.50 | 9.92 | 5.34 | 4.57 | 8.88 | 137.94 | 10.80 | 8.08 | 11.23 | 12.53 |
P/E links to full P/E history page with 30-year chart
CFG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Citizens Financial Group, Inc.'s enterprise value stands at 10.3x EBITDA, 39% above its 5-year average of 7.4x. The Financial Services sector median is 11.4x, placing the stock at a 10% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.15 | 1.70 | 1.46 | 2.63 | 2.54 | 1.41 | 3.59 | 3.71 | 5.01 | 5.50 |
| EV / EBITDA | 10.31 | 8.91 | 8.81 | 7.07 | 7.41 | 4.92 | 5.79 | 10.04 | 10.22 | 13.49 | 15.46 |
| EV / EBIT | 11.93 | 10.31 | 11.13 | 8.74 | 8.98 | 5.96 | 8.37 | 12.87 | 12.51 | 16.92 | 20.65 |
| EV / FCF | — | 11.78 | 11.18 | 6.36 | 5.97 | 8.24 | — | 18.08 | 17.79 | 22.42 | 26.68 |
CFG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Citizens Financial Group, Inc. earns an operating margin of 20.9%, roughly in line with the Financial Services sector average. Operating margins have expanded from 16.7% to 20.9% over the past 3 years, signaling improving operational efficiency. ROE of 7.2% is modest, trailing the sector median of 9.0%. ROIC of 4.7% represents below-average returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.8% | 69.8% | 57.6% | 61.8% | 83.2% | 101.0% | 68.9% | 75.6% | 78.9% | 83.5% | 84.8% |
| Operating Margin | 20.9% | 20.9% | 15.3% | 16.7% | 29.3% | 42.6% | 16.9% | 27.9% | 29.7% | 29.6% | 26.6% |
| Net Profit Margin | 16.4% | 16.4% | 12.2% | 13.2% | 22.9% | 33.2% | 13.8% | 22.2% | 23.4% | 25.6% | 18.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.2% | 7.2% | 6.2% | 6.7% | 8.8% | 10.1% | 4.7% | 8.3% | 8.4% | 8.3% | 5.3% |
| ROA | 0.8% | 0.8% | 0.7% | 0.7% | 1.0% | 1.2% | 0.6% | 1.1% | 1.1% | 1.1% | 0.7% |
| ROIC | 4.7% | 4.7% | 3.8% | 3.9% | 5.7% | 7.2% | 2.9% | 4.5% | 4.5% | 4.0% | 3.3% |
| ROCE | 5.6% | 5.6% | 4.4% | 4.5% | 6.6% | 8.5% | 3.4% | 5.8% | 6.0% | 5.5% | 4.5% |
CFG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Citizens Financial Group, Inc. carries a Debt/EBITDA ratio of 4.2x, which is highly leveraged (roughly in line with the sector average of 4.3x). The company holds a net cash position — cash of $12.7B exceeds total debt of $11.3B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 0.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.43 | 0.43 | 0.51 | 0.57 | 0.67 | 0.30 | 0.38 | 0.65 | 0.83 | 0.71 | 0.87 |
| Debt / EBITDA | 4.19 | 4.19 | 5.20 | 5.57 | 4.93 | 1.95 | 4.58 | 4.97 | 6.45 | 6.02 | 8.37 |
| Net Debt / Equity | — | -0.05 | 0.05 | 0.08 | 0.21 | -0.11 | -0.20 | 0.48 | 0.63 | 0.55 | 0.66 |
| Net Debt / EBITDA | -0.54 | -0.54 | 0.49 | 0.77 | 1.57 | -0.69 | -2.37 | 3.69 | 4.87 | 4.67 | 6.35 |
| Debt / FCF | — | -0.71 | 0.62 | 0.70 | 1.26 | -1.15 | — | 6.64 | 8.48 | 7.77 | 10.96 |
| Interest Coverage | 0.61 | 0.61 | 0.41 | 0.51 | 2.53 | 8.78 | 1.68 | 1.43 | 1.78 | 2.56 | 3.02 |
Net cash position: cash ($12.7B) exceeds total debt ($11.3B)
CFG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.04x means Citizens Financial Group, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.24x to 1.04x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.04 | 1.04 | 0.25 | 0.24 | 0.20 | 0.24 | 0.25 | 0.21 | 0.22 | 0.22 | 0.24 |
| Quick Ratio | 1.04 | 1.04 | 0.25 | 0.24 | 0.20 | 0.24 | 0.25 | 0.21 | 0.22 | 0.22 | 0.24 |
| Cash Ratio | 0.07 | 0.07 | 0.06 | 0.07 | 0.06 | 0.06 | 0.09 | 0.03 | 0.03 | 0.03 | 0.04 |
| Asset Turnover | — | 0.05 | 0.06 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CFG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Citizens Financial Group, Inc. returns 6.0% to shareholders annually — split between a 2.6% dividend yield and 3.4% buyback yield. A payout ratio of 41.2% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 5.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.6% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 41.2% | 41.2% | 51.0% | 50.2% | 37.6% | 28.9% | 63.6% | 34.4% | 27.4% | 19.5% | 23.1% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.8% | 6.6% | 6.9% | 9.4% | 10.4% | 10.9% | 6.2% | 9.4% | 11.8% | 7.7% | 5.5% |
| FCF Yield | 7.0% | 8.0% | 9.5% | 17.7% | 21.2% | 10.7% | — | 8.7% | 10.7% | 6.8% | 6.4% |
| Buyback Yield | 3.4% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 6.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $435M | $454M | $477M | $478M | $427M | $428M | $451M | $480M | $504M | $524M |
Peer Comparison
Compare CFG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CFGYou | $29B | 17.4 | 10.3 | 14.3 | 69.8% | 20.9% | 7.2% | 4.7% | 4.2 |
 RF | $25B | 12.5 | 6.8 | 11.5 | 74.6% | 28.5% | 11.7% | 8.5% | 1.7 |
 HBAN | $27B | 12.1 | 16.1 | 11.7 | 61.7% | 21.5% | 10.0% | 5.1% | 6.9 |
 KEY | $25B | 14.9 | 14.8 | 11.8 | 62.3% | 20.6% | 9.5% | 5.4% | 4.7 |
 MTB | $35B | 13.2 | 7.5 | 12.3 | 74.6% | 30.0% | 9.8% | 6.5% | 3.3 |
 FITB | $35B | 14.9 | 12.8 | 9.3 | 65.3% | 24.9% | 12.2% | 6.4% | 4.0 |
 CMA | $11B | 16.8 | 16.1 | — | 68.1% | 19.1% | 10.1% | 5.2% | 5.5 |
 ZION | $10B | 11.0 | 8.7 | 9.9 | 67.1% | 23.8% | 13.5% | 8.0% | 3.4 |
 USB | $90B | 12.6 | 11.8 | 11.4 | 62.8% | 22.2% | 12.2% | 5.2% | 7.6 |
 PNC | $91B | 14.0 | 12.7 | 9.7 | 71.7% | 27.1% | 12.1% | 5.4% | 6.7 |
 TFC | $62B | 12.7 | 13.5 | 10.8 | 62.2% | 20.9% | 8.2% | 3.6% | 9.9 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 14 years · Updated daily
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CFG — Frequently Asked Questions
Quick answers to the most common questions about buying CFG stock.
What is Citizens Financial Group, Inc.'s P/E ratio?
Citizens Financial Group, Inc.'s current P/E ratio is 17.4x. The historical average is 13.2x. This places it at the 92th percentile of its historical range.
What is Citizens Financial Group, Inc.'s EV/EBITDA?
Citizens Financial Group, Inc.'s current EV/EBITDA is 10.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.1x.
What is Citizens Financial Group, Inc.'s ROE?
Citizens Financial Group, Inc.'s return on equity (ROE) is 7.2%. The historical average is 5.0%.
Is CFG stock overvalued?
Based on historical data, Citizens Financial Group, Inc. is trading at a P/E of 17.4x. This is at the 92th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Citizens Financial Group, Inc.'s dividend yield?
Citizens Financial Group, Inc.'s current dividend yield is 2.58% with a payout ratio of 41.2%.
What are Citizens Financial Group, Inc.'s profit margins?
Citizens Financial Group, Inc. has 69.8% gross margin and 20.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Citizens Financial Group, Inc. have?
Citizens Financial Group, Inc.'s Debt/EBITDA ratio is 4.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.