Question 1

What is Citigroup's EV/EBITDA ratio?

Accepted Answer

Citigroup (C) EV/EBITDA ratio is 39.8× as of June 5, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Citigroup?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Citigroup specifically, the relevant sector benchmark is the current sector median of 9.3×.

Question 5

Is Citigroup's EV/EBITDA ratio high or low?

Accepted Answer

Citigroup's EV/EBITDA ratio of 39.8× is above its own 5-year average of 9.2× and above the sector median of 9.3×. That places the current reading at the 100th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Citigroup's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Citigroup (C) EV/EBITDA ratio has ranged from a low of -3.0× in 2020 to a high of 202.7× in 2007. The 5-year average is 9.2× and the 5-year median is 8.7×.

Question 7

What was Citigroup's EV/EBITDA ratio in 2025?

Accepted Answer

Citigroup (C) EV/EBITDA ratio at the end of 2025 was 10.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Citigroup's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$212.41B	$23.10B	10.9×	+0.4×	Dec 31, 2025
2024	$132.87B	$21.36B	10.6×	-0.6×	Dec 31, 2024
2023	$98.23B	$17.47B	11.1×	+9.9×	Dec 31, 2023
2022	$87.61B	$23.07B	1.2×	-0.4×	Dec 31, 2022
2021	$119.83B	$31.43B	1.7×	+2.2×	Dec 31, 2021
2020	$128.37B	$17.13B	-0.6×	-6.5×	Dec 31, 2020
2019	$171.72B	$27.81B	6.0×	+2.3×	Dec 31, 2019
2018	$125.00B	$27.20B	3.7×	-2.7×	Dec 31, 2018
2017	$193.89B	$26.42B	6.4×	+2.7×	Dec 31, 2017
2016	$167.22B	$25.20B	3.7×	+0.2×	Dec 31, 2016
2015	$153.61B	$28.33B	3.6×	-5.9×	Dec 31, 2015
2014	$163.72B	$18.20B	9.5×	+1.8×	Dec 31, 2014
2013	$157.79B	$23.40B	7.6×	-10.8×	Dec 31, 2013
2012	$116.41B	$10.39B	18.5×	+6.8×	Dec 31, 2012
2011	$76.70B	$17.50B	11.6×	-8.7×	Dec 31, 2011
2010	$136.85B	$15.85B	20.3×	—	Dec 31, 2010
2009	$77.40B	−$4.95B	—	—	Dec 31, 2009
2008	$35.88B	−$50.74B	—	—	Dec 31, 2008
2007	$145.20B	$3.56B	202.7×	+181.5×	Dec 31, 2007
2006	$270.37B	$32.14B	21.2×	+3.8×	Dec 31, 2006
2005	$238.80B	$31.48B	17.4×	-11.2×	Dec 31, 2005
2004	$246.70B	$23.59B	28.6×	+6.7×	Dec 31, 2004
2003	$247.34B	$28.17B	21.8×	-0.2×	Dec 31, 2003
2002	$178.35B	$22.37B	22.0×	+0.7×	Dec 31, 2002
2001	$247.17B	$24.94B	21.3×	—	Dec 31, 2001


Wells Fargo (WFC)	2.9×
Farmers & Merchants Bancorp (FMCB)	2.8×
JPMorgan Chase (JPM)	2.3×
AXIS Capital Holdings (AXS)	2.2×
American International Group (AIG)	1.9×
Ally Financial (ALLY)	1.7×
United Bankshares (UBSI)	1.6×
Commerce Bancshares (CBSH)	0.7×
W. R. Berkley (WRB)	-0.0×
Morgan Stanley (MS)	-0.3×
M&T Bank (MTB)	-0.6×
Capital One Financial (COF)	-0.6×
Everest Re Group (EG)	-0.7×
Travelers Companies (TRV)	-2.5×
Globe Life (GL-PD)	-2.6×
RenaissanceRe Holdings (RNR)	-3.5×
PNC Financial Services Group (PNC)	-3.8×
BancFirst (BANF)	-5.5×
U.S. Bancorp (USB)	-5.5×
KeyCorp (KEY)	-9.2×
Bank of New York Mellon (BNY)	-13.3×
Bank of New York Mellon (BK)	-13.3×
Ames National (ATLO)	-14.6×
State Street (STT)	-17.7×
MetLife (MET)	-46.3×

EV/EBITDA for Citigroup (C)

EV/EBITDA daily chart for Citigroup (C)

Historical EV/EBITDA for Citigroup (C) from 2001 to 2025

About EV/EBITDA at Citigroup (C)

Citigroup EV/EBITDA by Year

Citigroup EV/EBITDA 2025: 10.9×

Citigroup EV/EBITDA 2024: 10.6×

Citigroup EV/EBITDA 2023: 11.1×

Citigroup EV/EBITDA 2022: 1.2×

Citigroup EV/EBITDA 2021: 1.7×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Citigroup (C) Key Financials

EV/EBITDA daily chart for Citigroup (C)

Historical EV/EBITDA for Citigroup (C) from 2001 to 2025

About EV/EBITDA at Citigroup (C)

Citigroup EV/EBITDA by Year

Citigroup EV/EBITDA 2025: 10.9×

Citigroup EV/EBITDA 2024: 10.6×

Citigroup EV/EBITDA 2023: 11.1×

Citigroup EV/EBITDA 2022: 1.2×

Citigroup EV/EBITDA 2021: 1.7×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Citigroup's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for Citigroup?

+Is Citigroup's EV/EBITDA ratio high or low?

+What is Citigroup's historical EV/EBITDA ratio range?

+What was Citigroup's EV/EBITDA ratio in 2025?

+Why does Citigroup's EV/EBITDA ratio change over time?

Citigroup (C) Key Financials