CFG · NYQ · Financial Services
Citizens Financial Group, Inc.
Also onShortfallConsensus DriftCrosscheck
Implied value per share
USD 35.12
Market price
USD 64.93
Implied upside
-45.9%
10-year forecast · Excess returns over book equity · Base case · Price 2026-11-02 · Accounts to 2025-12-31
NoteA financial, valued on excess returns over book equity.
Excess Returns
- Return on equity
- 6.9%
- Payout
- 62%
- Cost of equity
- 9.39%
| Line | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 | FY32 | FY33 | FY34 | FY35 |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening book equity | USD 24.2bn | USD 24.8bn | USD 25.5bn | USD 26.1bn | USD 26.8bn | USD 27.5bn | USD 28.2bn | USD 28.9bn | USD 29.6bn | USD 30.4bn |
| Return on equity | 6.9% | 6.9% | 6.9% | 6.9% | 6.9% | 6.9% | 6.9% | 6.9% | 6.9% | 6.9% |
| Excess return | USD -608.7m | USD -624.5m | USD -640.5m | USD -657.0m | USD -673.8m | USD -691.0m | USD -708.5m | USD -726.4m | USD -744.7m | USD -763.4m |
| Present value | USD -556.4m | USD -521.8m | USD -489.3m | USD -458.8m | USD -430.1m | USD -403.2m | USD -377.9m | USD -354.2m | USD -332.0m | USD -311.1m |
| Book equity | USD 24.2bn |
| Present value of excess returns | USD -4.2bn |
| Terminal, growing at 2.50% | USD -4.6bn |
| Equity value | USD 15.3bn |
| Per share | USD 35.12 |
Discount Rate
| Risk-free rate | 4.89% | US 10-year Treasury (^TNX), 2026-11-02 |
| Equity risk premium | 4.23% | Damodaran, January 2026 |
| Beta | 1.064 | Reported 1.095, pulled toward 1.0 (Blume) |
| Cost of equity | 9.39% | Risk-free + beta x equity risk premium |
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Yahoo Finance and RBA data. General information, not advice. Methodology.