Citigroup Inc (C) is overvalued and Royal Bank Of Canada (RY) is overvalued.
Both trade above our estimate of their intrinsic value. C is the closer of the two: -37%, against -43% for RY.
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 2.14x, the multiple a 16.3% return on equity justifies, blended with earnings, values the shares at $142.28; the price of $203.83 is 43% above that value.
Leak Score 14/100 on 3 of 12 signals
| Metric | C | RY |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $132.47 | $203.83 |
| Intrinsic value | $96.80 | $142.28 |
| Margin of safety | -37% | -43% |
| Leak Score | 30/100 (10/12) | 14/100 (3/12) |
| Market cap | $222.2B | $282.6B |
| Revenue growth, 5 years | 13.7% | 16.8% |
| Operating margin | 14.3% | 19.5% |
| Net margin | 9.3% | 15.7% |
| Return on equity | 8.3% | 16.3% |
| Debt to equity | 3.85 | 2.88 |
| P/E | 14.3x | 17.8x |
| Forward P/E | 10.3x | 15.8x |
| P/B | 1.1x | 3.0x |
| Dividend yield | 1.9% | 2.4% |