Citigroup Inc (C) is overvalued and Mitsubishi UFJ Financial Group Inc ADR (MUFG) is slightly overvalued.
Both trade above our estimate of their intrinsic value. MUFG is the closer of the two: -11%, against -37% for C.
Values as of the 22 Sept 2026 close.
Book value at 0.72x, the multiple a 8.3% return on equity justifies, blended with earnings, values the shares at $96.80; the price of $132.47 is 37% above that value.
Leak Score 30/100 on 10 of 12 signals
Book value at 1.87x, the multiple a 12.5% return on equity justifies, blended with earnings, values the shares at $20.77; the price of $23.09 is 11% above that value.
Leak Score 0/100 on 3 of 12 signals
| Metric | C | MUFG |
|---|---|---|
| Verdict | Overvalued | Slightly overvalued |
| Price | $132.47 | $23.09 |
| Intrinsic value | $96.80 | $20.77 |
| Margin of safety | -37% | -11% |
| Leak Score | 30/100 (10/12) | 0/100 (3/12) |
| Market cap | $222.2B | $259.9B |
| Revenue growth, 5 years | 13.7% | 11.0% |
| Operating margin | 14.3% | 20.9% |
| Net margin | 9.3% | 20.1% |
| Return on equity | 8.3% | 12.5% |
| Debt to equity | 3.85 | 3.16 |
| P/E | 14.3x | 15.1x |
| Forward P/E | 10.3x | 13.1x |
| P/B | 1.1x | 1.9x |
| Dividend yield | 1.9% | 2.7% |