Question 1

What is Citigroup's P/B ratio?

Accepted Answer

Citigroup (C) P/B ratio is 1.1× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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 P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Citigroup?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Citigroup specifically, the relevant sector benchmark is the current sector median of 1.7×.

Question 5

Is Citigroup's P/B ratio high or low?

Accepted Answer

Citigroup's P/B ratio of 1.1× is above its own 5-year average of 0.6× and below the sector median of 1.7×. That places the current reading at the 96th 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 P/B ratio range?

Accepted Answer

In the available daily series, Citigroup (C) P/B ratio has ranged from a low of 0.1× in 2009 to a high of 2.9× in 2002. The 5-year average is 0.6× and the 5-year median is 0.6×.

Question 7

What was Citigroup's P/B ratio in 2025?

Accepted Answer

Citigroup (C) P/B ratio at the end of 2025 was 1.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Citigroup's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$212B	$212B	1.0×	+0.4×	Dec 31, 2025
2024	$133B	$209B	0.6×	+0.2×	Dec 31, 2024
2023	$98.2B	$205B	0.5×	+0.0×	Dec 31, 2023
2022	$87.6B	$201B	0.4×	-0.2×	Dec 31, 2022
2021	$120B	$202B	0.6×	-0.1×	Dec 31, 2021
2020	$128B	$199B	0.6×	-0.2×	Dec 31, 2020
2019	$172B	$193B	0.9×	+0.3×	Dec 31, 2019
2018	$125B	$196B	0.6×	-0.3×	Dec 31, 2018
2017	$194B	$201B	1.0×	+0.2×	Dec 31, 2017
2016	$167B	$225B	0.7×	+0.1×	Dec 31, 2016
2015	$154B	$222B	0.7×	-0.1×	Dec 31, 2015
2014	$164B	$210B	0.8×	+0.0×	Dec 31, 2014
2013	$158B	$204B	0.8×	+0.2×	Dec 31, 2013
2012	$116B	$189B	0.6×	+0.2×	Dec 31, 2012
2011	$76.7B	$178B	0.4×	-0.4×	Dec 31, 2011
2010	$137B	$163B	0.8×	+0.3×	Dec 31, 2010
2009	$77.4B	$153B	0.5×	+0.3×	Dec 31, 2009
2008	$35.9B	$142B	0.3×	-1.0×	Dec 31, 2008
2007	$145B	$113B	1.3×	-1.0×	Dec 31, 2007
2006	$270B	$120B	2.3×	+0.1×	Dec 31, 2006
2005	$239B	$113B	2.1×	-0.1×	Dec 31, 2005
2004	$247B	$109B	2.3×	-0.3×	Dec 31, 2004
2003	$247B	$98B	2.5×	+0.5×	Dec 31, 2003
2002	$178B	$86.7B	2.1×	—	Dec 31, 2002


Markel (MKL)	1.2×
AXIS Capital Holdings (AXS)	1.2×
Loews (L)	1.2×
First Financial (THFF)	1.1×
Citizens Financial Group (CFG)	1.1×
Federal Agricultural Mortgage (AGM)	1.1×
UMB Financial (UMBF)	1.1×
Southside Bancshares (SBSI)	1.1×
Prudential Financial (PRU)	1.1×
United Bankshares (UBSI)	1.1×
Alerus Financial (ALRS)	1.0×
Capital One Financial (COF)	1.0×
Franklin Resources (BEN)	1.0×
American International Group (AIG)	1.0×
Eagle Financial Services (EFSI)	1.0×
Truist Financial (TFC)	1.0×
Ares Capital (ARCC)	0.9×
Huntington Bancshares (HBAN)	0.9×
Auburn National Bancorporation (AUBN)	0.9×
Invesco (IVZ)	0.9×
Everest Group (EG)	0.9×
PSB Holdings (PSBQ)	0.8×
Global Payments (GPN)	0.7×
Assured Guaranty (AGO)	0.7×
Atlantic Union Bankshares (AUB)	0.0×

P/B Ratio for Citigroup (C) 2002-2026

P/B Ratio daily chart for Citigroup (C)

Historical P/B Ratio for Citigroup (C) from 2002 to 2025

About P/B Ratio at Citigroup (C)

Citigroup P/B Ratio by Year

Citigroup P/B Ratio 2025: 1.0×

Citigroup P/B Ratio 2024: 0.6×

Citigroup P/B Ratio 2023: 0.5×

Citigroup P/B Ratio 2022: 0.4×

Citigroup P/B Ratio 2021: 0.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Citigroup (C) Key Financials