Valuation dashboard for NatWest Group plc (NWG) with P/E 6.81, P/B 1.33, EV/EBITDA 14.64 and dividend yield 5.41%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Financial Services companies.
NatWest Group plc is a leading financial institution that delivers a broad spectrum of banking and financial services to individual customers, businesses, corporations, and institutional clients across the United Kingdom and globally.
Analysis Summary
NatWest Group plc reported revenue of 29.48B GBP in the most recent fiscal year, growing at a 5-year CAGR of 17.6%.
Trailing-twelve-month margins: gross margin 58.4%, operating margin 28.2%, net margin 21.2%.
At $16.80 (closing price, October 28, 2026), NWG trades at a P/E of 6.81 and an ROE of 16.16%. Market capitalisation stands at $33.9B, placing it among large-cap names.
Balance sheet quality for NWG: current ratio of 0.2. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 6.81 |
| Price / Book | 1.33 |
| EV / EBITDA | 14.64 |
| Dividend Yield | 5.41% |
Valuation Models
| DCF Fair Value | $105.87 |
| vs Current Price | +530.2% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| NWG | NatWest Group plc | $33.9B | 6.81 | 1.33 | 16.2% |
| BCS | Barclays PLC | $73.0B | 8.47 | 0.90 | 10.8% |
| LYG | Lloyds Banking Group plc | $78.8B | 12.67 | 1.28 | 11.1% |
| 0O84.L | DNB Bank ASA | $478.2B | 11.51 | 1.72 | 14.5% |
| MFG | Mizuho Financial Group, Inc. | $118.1B | 14.07 | 1.67 | 12.3% |
| HDB | HDFC Bank Limited | $109.6B | 13.08 | 1.72 | 13.5% |
| IBN | ICICI Bank Limited | $105.7B | 16.71 | 2.53 | 15.9% |
| SBID.L | State Bank of India | $94.7B | 10.23 | 1.42 | 14.3% |
Price
| Price | $16.80 (closing price, October 28, 2026) |
| Market Cap | $33.9B |
| Exchange | NYSE |
| Country | GB |
Profitability
| Return on Equity | 16.16% |
| Return on Invested Capital | 0.85% |
| Return on Assets | 0.85% |
| Gross Margin | 58.37% |
| Operating Margin | 28.18% |
| Net Margin | 21.17% |
Related companies: BCS · LYG · 0O84.L · MFG · HDB · IBN · SBID.L · USB
Explore sector: Financial Services · Banks - Regional
More sections of NWG: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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