57/100BIf you had invested in NatWest Group ago, it would be worth $5,417 today, against $4,128 in SPY and $6,186 in QQQ.
Arincen ScoreBeta
Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.
Profitability6
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Cash6
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Valuation5
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Growth5
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Financial strength2
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Shareholders10
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Figures to FY2025; the price as of today.
NatWest Group key facts
- Style
- Growth stock · 8.3/10Growth 8.3 · Value 5.9 · Dividend 8.1
- Day range
- 15.570 – 15.795
- 52-week range
- 13.760 – 19.420
- Market capitalization
- 31.71B USD
- P/E
- 3.94
- EPS
- 3.95
- Div Yield
- 4.14%
- EPS growth forecast (FY2026)
- +48.1%
- Volume
- 100,668
- Beta
- 1.00
- Sector
- Financial Services
- Industry
- Banks - Regional
- CEO
- John Paul Thwaite
- Employees
- 59K
- Website
- natwestgroup.com
- IPO date
- 18 Oct 2007
NatWest Group earnings
Revenue
EPS
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|---|
| Q4 FY2026 | 0.43 | — | — | -6.52% | 6.19B | — | — | +5.14% | |
| Q3 FY2026 | 0.51 | 0.52 | +1.96% | -1.89% | 6.18B | 6.22B | +0.56% | +43.49% | |
| Q2 FY2026 | 0.45 | 0.54 | +20.00% | +31.71% | 5.90B | 6.06B | +2.79% | +51.87% | |
| Q1 FY2026 | 0.44 | 0.48 | +9.09% | +23.08% | 5.80B | 5.94B | +2.35% | +49.16% | |
| Q4 FY2025 | 0.38 | 0.46 | +21.05% | +24.32% | 5.68B | 5.89B | +3.61% | +55.93% | |
| Q3 FY2025 | 0.42 | 0.53 | +26.92% | +47.22% | 5.58B | 4.33B | -22.33% | +15.71% | |
| Q2 FY2025 | 0.37 | 0.41 | +12.27% | +17.14% | 5.46B | 3.99B | -26.84% | +9.34% |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2027 | 2.82 | — | — | +6.55% | 26.18B | — | — | +7.29% |
| FY2026 | 2.65 | — | — | +48.06% | 24.40B | — | — | +34.15% |
| FY2025 | 2.37 | 1.79 | -24.45% | +33.58% | 22.19B | 18.19B | -18.04% | +16.62% |
| FY2024 | 1.55 | 1.34 | -13.50% | +16.52% | 18.25B | 15.60B | -14.55% | -0.46% |
| FY2023 | 1.38 | 1.15 | -16.63% | +27.78% | 18.38B | 15.67B | -14.74% | +13.08% |
| FY2022 | 0.90 | 0.90 | +0.21% | +23.29% | 15.38B | 13.86B | -9.91% | -15.25% |
NatWest Group analyst forecast
Analysts' 1-year price targets range from 18.20 to 18.20, with an average of 18.20.
| Strong buy | 0 | |
| Buy | 1 | |
| Hold | 0 | |
| Sell | 0 | |
| Strong sell | 0 |
12-month price target
| Highest target | 18.20 |
| Average target | 18.20 |
| Lowest target | 18.20 |
| Current price | 15.60 |
NatWest Group valuation
- Price to earnings ratio (TTM)
- 3.94
- Forward P/E (FY2026)
- 5.88
- Price to sales (TTM)
- 0.77
- Price to book
- 0.61
- EV / EBITDA (TTM)
- 2.69
Capital structure
Valuation over time
NatWest Group against its own history
Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.
Its peers: M&T Bank, Huntington Bancshares, Citizens Financial Group, First Citizens BancShares, Regions Financial, and KeyCorp, the US Banks - Regional companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.
- P/E (today)Below its median3.91.96.5
- Gross marginBelow its median56.3%51.3%85.9%Against its peers: 7 of 7Peers' median 66.0%
- Operating marginAt its median26.1%21.7%31.9%Against its peers: 3 of 7Peers' median 21.2%
- Net marginAt its median19.8%16.8%27.1%Against its peers: 3 of 7Peers' median 17.1%
- Return on equityHighest in 5 years13.7%7.8%13.7%Against its peers: 1 of 7Peers' median 9.4%
- Free cash flow marginAbove its median19.6%-274.0%438.5%Against its peers: 3 of 7Peers' median 18.5%
- Revenue growthBelow its median3.2%-8.0%53.3%Against its peers: 3 of 7Peers' median -0.2%
- EPS growthAbove its median27.4%8.2%44.1%Against its peers: 2 of 6Peers' median 16.1%
- Debt to EBITDALowest in 5 years8.10×8.10×12.24×Against its peers: 6 of 7Peers' median 4.38×
- Current ratioLowest in 5 years0.200.200.49Against its peers: 6 of 7Peers' median 0.54
Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.
NatWest Group growth and profitability
- Revenue (TTM)
- 30.73B USD
- Net income (TTM)
- 6.27B USD
- Gross margin
- 57.76%
- Operating margin
- 27.59%
- Net margin
- 20.41%
Revenue / Net income
NatWest Group revenue breakdown
By region
| Region | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Europe | 1.10B | 73.6% | +28.7% |
| United States | 294.00M | 19.6% | -1.0% |
| RoW | 101.00M | 6.7% | -1.0% |
How NatWest Group makes its money
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
NatWest Group dividends
- Annual dividend
- 0.65 USD
- Dividend yield (indicated)
- 4.14%
- Payout ratio
- 23.87%
- Years of dividend growth
- 1
- Frequency
- Semi-annual
- Last payment
- 0.32 USD
- Last ex-dividend date
- 14 Aug 2026
- Last payment date
- 18 Sept 2026
Dividends per share
NatWest Group financial health
- Cash and short-term investments
- 70.65B USD
- Total debt
- 71.30B USD
- Net cash
- -651.33M USD
- Free cash flow (TTM)
- 0.00 USD
- Current ratio
- 14.77
- Debt to equity
- 1.84
- Piotroski score
- 5 / 9
- Altman Z-score
- 0.25
Cash, debt and free cash flow
NatWest Group ownership
- Institutions
- 10.02%
- Institutional holders
- 434 (+15)
- Free float
- 97.12%
Who owns the shares
Shares free to trade
Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.
Shares outstanding
Source: Financial Modeling Prep
