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NWG
NatWest Group plc
NYSE· Financial Services· Banks - Regional· CUSIP 639057207
$16.99-2.30%Price as of Oct 23, 00:52 UTC · updated once a day, after the close
At a glance
NatWest Group plc (NWG) is listed on NYSE and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Edinburgh, United Kingdom and has 59,000 employees. The company is worth $67.27B and trades at 8.5x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was £16.61B in fiscal 2025, up 13.3% from the year before. Net income was £5.83B. The share price is 12.5% below its 52-week high of $19.42. It pays a dividend yielding 5.53%. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Israel Englander (Millennium Management), at $31.13M. In that quarter, 3 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $67.27B
- P/E
- 8.5x
- Forward P/E
- 7.9x
- P/B
- 1.3x
- Dividend yield
- 5.53%
- Payout
- 47.00%
- EPS
- $2.00
- ROE
- 14.78%
- Profit margin
- 37.73%
- Revenue growth
- +14.50%
- Beta
- 0.82
- 52-week high
- $19.42
- 52-week low
- $13.76
History
Year by year, from the annual reports; dividends from the payments themselves.
Revenue, debt and profit are in GBP, the currency the company reports in — not converted to dollars. Dividends are in dollars.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
Price over time
▲ +188.6% over 5Y.
today you would have $3,921.72▲ +292.2%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $17.50 | $10.17 | $5.63 | $6.46 | |
| EPS | £1.35 | £1.06 | £0.95 | £0.67 | |
| Dividend yield | 6.80% | 3.69% | 4.37% | 9.24% | 11.32% |
| Profit margin | 32.07% | 35.11% | 32.77% | 31.36% | 26.88% |
| ROE | 12.34% | 13.69% | 12.20% |
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$24.22
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$11.07
Earnings growing 0.0% a year plus a 5.5% dividend yield. Growth capped at 25%.
Earnings
$26.31
Median P/E of 13.2 among peers in the sector.
Earnings
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Cash flow
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Operating
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividends
$7.96
Others in the same sector
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| APOApollo Global Management, Inc. | $114.83 | 41.2x | 3.4x | 1.96% | 11.41% | $67.81B |
| METMetlife Inc | $103.57 | 19.8x | 2.4x | 2.29% | 13.09% | $65.82B |
| ALLAllstate Corp | $259.10 | 5.2x | 2.1x | 1.67% | 46.11% | $65.52B |
| AJGArthur J. Gallagher & Co. | $270.98 |
About the company
- 59,000
- Edinburgh, United Kingdom
