C Citigroup

bank · 2026-10-22

N/A

too hard · 47

Owner-earnings value$93.76

Price$123.85

Margin of safety -24.3%

Quality gate · 47/100

Returns on capital 1.1/30

Consistency 16.9/22

Margins / pricing power 4/16

Balance sheet 13.7/16

Cash conversion 5.0/10

Capital allocation 5.9/6

⚠ weak through-cycle ROE (6%)

Median ROE6.4%

FCF conversion-315%

Share count / yr-3.4%

Profitable years4/4

Moat & management

Owner-earnings inputs

Owner earnings (TTM)	17.84B
Owner-earnings yield	8.6%
Free-cash-flow yield	-11.8%
Growth used (normalized)	4.6%
Terminal growth	3.0%
Discount rate (hurdle)	10.1%

⚠ financial — owner earnings ≈ net income · financial — valued by residual income (ROE vs cost of equity on book equity)

Date	Quality	Price	Value	MoS	Rating
2026-10-22	47	$123.85	$93.76	-24.3%	N/A
2026-10-05	47	$128.50	$92.80	-27.8%	N/A
2026-09-16	47	$136.17	$96.87	-28.9%	N/A
2026-08-28	47	$132.68	$101.62	-23.4%	N/A
2026-08-11	47	$135.22	$101.18	-25.2%	N/A
2026-07-23	47	$132.25	$85.01	-35.7%	N/A
2026-07-06	47	$139.97	$86.05	-38.5%	N/A
2026-07-02	47	$140.13	$84.83	-39.5%	N/A
2026-06-29	50	$141.76	$86.32	-39.1%	N/A
2026-06-25	50	$143.59	$85.88	-40.2%	N/A
2026-06-23	50	$144.97	$84.58	-41.7%	N/A

Date

Quality

Price

Value

MoS

Rating

2026-10-22

$123.85

$93.76

-24.3%

N/A

2026-10-05

$128.50

$92.80

-27.8%

N/A

2026-09-16

$136.17

$96.87

-28.9%

N/A

2026-08-28

$132.68

$101.62

-23.4%

N/A

2026-08-11

$135.22

$101.18

-25.2%

N/A

2026-07-23

$132.25

$85.01

-35.7%

N/A

2026-07-06

$139.97

$86.05

-38.5%

N/A

2026-07-02

$140.13

$84.83

-39.5%

N/A

2026-06-29

$141.76

$86.32

-39.1%

N/A

2026-06-25

$143.59

$85.88

-40.2%

N/A

2026-06-23

$144.97

$84.58

-41.7%

N/A

Quality gate · 47/100

Moat & management

Owner-earnings inputs

History