Stock AnalizNatWest Group plc NWG
Commercial Banks · IPO 2022 · data as of November 13, 2026
NatWest Group plc (NWG) is a financial company listed in the US with a market value of about $62.9B. In the twelve months to September 30, 2026 it had revenue of $23.5B and net income of $7.9B, a net margin of 33.5%.
Its overall Stock Analiz score is 2.2 out of 5 (weak). The strongest part is value (3/5); the weakest is financial health (1/5).
Key numbers: a P/E of 8.1, 5-year revenue growth of 17% a year. A discounted cash flow model with moderate assumptions puts its intrinsic value about 22% above the current price.
Score: 2.2 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- Price below intrinsic value (DCF, moderate assumptions)
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- 5-year revenue growth above 8% a year
- Profitable 5 years in a row
Checks not passed
- P/FCF below 20
- PEG below 1.5
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year average ROIC above 12%
- ROE above 15%
- Positive free cash flow
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.5B | $40.7B | $36.7B | $32.3B | $19.9B | $17.1B | $18.4B | $24.0B | $21.3B | $21.7B | $19.6B |
| Net income | $7.9B | $7.9B | $6.0B | $5.9B | $4.3B | $4.5B | -$592M | $5.0B | $2.8B | $2.0B | -$6.5B |
| Free cash flow | -$10.9B | $8.6B | $1.6B | -$23.2B | -$53.2B | $71.1B | $39.2B | -$4.8B | -$9.4B | $46.7B | -$5.6B |
| EPS (diluted) | $1.96 | $1.98 | $1.52 | $1.48 | $1.09 | $1.12 | $-0.15 | $1.26 | $0.69 | $0.51 | $-1.63 |
| Net margin | 33.5% | 19.3% | 16.4% | 18.2% | 21.7% | 26.1% | -3.2% | 20.9% | 12.9% | 9.4% | -32.9% |
| ROIC | — | — | — | — | — | — | — | — | — | — | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
Frequently asked questions
What is NatWest Group’s P/E ratio?
About 8.1, based on the last twelve months of diluted earnings per share (forward P/E about 7.4).
Is NatWest Group stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 22% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does NatWest Group pay a dividend?
Yes. The dividend yield is about 5.96%, and it has paid dividends for 10 years in our data.
Is NatWest Group a good stock to buy?
We do not give buy or sell advice. NatWest Group scores 2.2 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.