Citigroup stock drops 16% during market sell-off

Citigroup's stock has seen a significant decline, dropping about 16% amid a recent market sell-off. In comparison, the S&P 500 index fell by over 10%, entering correction territory. However, Citigroup's shares fell even more, dropping around 20% from their peak before recovering slightly. While the S&P 500 bounced back quickly, Citigroup's recovery has not been as strong. Despite regaining some ground, the bank's stock is still down more than twice the percentage of the index. This decline comes after a period of strong growth for Citigroup, where its stock rose over 40% before the recent sell-off. Investors are questioning whether Citigroup is now a good buy. However, just because a stock has fallen does not mean it is a good value. Various valuation metrics for Citigroup suggest that it is not particularly cheap. Its price-to-sales ratio is higher than its five-year average, and both its price-to-earnings and price-to-book ratios are also above their averages. Looking at the last decade, Citigroup's current drop seems minor compared to past declines. This history suggests that the situation may not be critical yet. Despite the recent price decrease, there is a risk that Citigroup's stock could fall further. Overall, Citigroup does not appear to be an urgent buy for value-focused investors. While the stock is cheaper than before, it has not fallen enough to warrant immediate investment.