NWG

NatWest Group plc

Fundamental data last updated:August 14, 2026

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company profile

SECTOR

Financial Services

industry

Banks - Diversified

Exchange

NYSE

County of HQ

GB

Next Earnings Date

Pending Announcement

Business Summary

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Commercial Banking, Private Banking, RBS International, and NatWest Markets segments. The Retail Banking segment offers a range of banking products and related financial services, such as current accounts, mortgages, personal unsecured lending, and personal deposits, as well as mobile and online banking services. The Commercial Banking segment offers banking and financing solutions to start-up, SME, commercial, corporate, and institutional customers. The Private Banking segment provides private banking and wealth management products for high-net-worth individuals and their business interests. The RBS International segment offers banking various products and services to institutional customers. It also operates in wholesale branches and fund depositary service businesses. The NatWest Markets segment provides services to corporate and institutional customers for the management of financial risks for achieving short-term and long-term sustainable financial goals. NatWest Group plc operates approximately 800 branches and 16,000 physical points of presence. The company was formerly known as The Royal Bank of Scotland Group plc and changed its name to NatWest Group plc in July 2020. NatWest Group plc was founded in 1727 and is headquartered in Edinburgh, the United Kingdom.

 


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VALUATION

P/E

21.53

Market Cap ($M USD)

$32.13B

Forward P/E

N/A

PEG

N/A

PRICE TO SALES

1.60

PRICE TO BOOK

1.10

EV / EBITDA

-2.79

5-Year Average P/E

Free Cash Flow Yield

0.00%

DCF Value

$108.77

Graham Number

$9.59

Price to FCF

0.00

EV to FCF

0.00

Earnings Yield

12.50%

FCF Yield

0.00%

DIVIDEND

Yield

5.42%

Annual Payout

$0.33

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$0.75

Next Year EPS Growth Estimate

$0.00

Next Year Revenue Growth Estimate

$22.06B

Return on Equity (ROE)

14.55%

FREE CASH FLOW

Operating Margin

26.86%

Debt-to-Equity

1.69

Piotroski F-Score

5

Altman Z-Score

-0.54

Return on Invested Capital (ROIC)

4.03%

Current Ratio

0.25

Quick Ratio

0.25

Net Debt to EBITDA

-8.22

Interest Coverage

0.85

Gross Profit margin

57.23%

FCF PER SHARE

$0.00

REVENUE PER SHARE

$3.72

Analyze NWG on TradingView

Gainseekers Quantitative Analysis

Summary

The market seems to be significantly undervaluing NatWest Group plc. With a DCF value towering over the snapshot price, there’s a glaring disconnect. The Price/Book ratio of 1.06 suggests it’s trading near book value, yet the Altman Z-score of -0.54 raises red flags about financial distress. Despite a robust Earnings Yield of 12.92%, the lack of a Forward P/E and a concerning debt profile indicate potential volatility. This stock is a paradox of deep value and high risk.

AI Exposure / Tech Reliance

In the realm of AI and tech adaptation, NatWest Group operates in the diversified banking sector, which is increasingly integrating digital solutions. As financial services evolve, the company must leverage AI for risk management and customer service enhancements. However, traditional banking models may slow its tech transformation compared to fintech disruptors.

The Bull Case

For the value-driven investor, NatWest offers compelling reasons to buy. A Return on Equity of 14.55% indicates efficient capital use, while a solid Operating Margin of 26.86% underscores its pricing power. Despite a Piotroski F-Score of 5, which is moderate, the company’s ability to generate consistent dividends with a 5.61% yield is attractive. These metrics suggest a well-managed entity capable of delivering shareholder value.

The Bear Case

However, structural risks loom large. The negative EV to EBITDA ratio and a Net Debt to EBITDA of -8.22 highlight severe cash flow issues. Trading at a Price/Sales ratio of 1.55, the stock appears overvalued given its financial distress signals. The Altman Z-score further suggests potential bankruptcy risk, making it a precarious choice for risk-averse investors.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$18.20

Institutional Ownership %

1-Year Beta

0.83

Insider Buying % (6 Mo)

Distance to 52-Week High

19.99%

Distance to 52-Week Low

19.99%

EARNINGS SURPRISE %

9.09%

50-DAY SMA

$15.55

200-DAY SMA

$15.83

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.