# NatWest Group share price today (NatWest Group plc, NWG)

> NatWest Group plc's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. NWG · Financials · Banks - Regional · data as of 4 November 2026. Page: https://www.sectoralpha.in/us/stocks/nwg

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## Key numbers

- Business trend: Growing steadily, from fewer quarters than usual
- Price: $16.57 (+4.1% in a year)
- P/BV: 1.1×, against its own history
- Revenue (Jun 2026): GBP 4.4 B (+14.5% on a year ago)
- Profit (Jun 2026): GBP 1.6 B (+29.7% on a year ago)
- Net margin: 36.7% (+4.3 points on a year ago)
- ROE: 15%, FY25
- ROA: 0.84%, latest

Biggest thing to watch: the net margin is the best this company has ever reported. Every ratio looks better at a record, so the story depends on the net margin staying high. ## What is the NatWest Group share price today? NatWest Group plc's share price was $16.57 at the close on 4 November 2026. It has been moving sideways for 3 weeks. That is 2.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between $14 and $19, and at that close it sat 51% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 6 weeks running. Over the last 10 years the share price moved +250% while the S&P 500 moved +261%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 25 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does NatWest Group pay? NatWest Group plc declared GBP 0.12 per local share for Jun 2026, and GBP 0.54 over the last four reported quarters. It reports in British pounds, and one US-listed share can stand for several local shares, so we do not set this against the dollar price or show a yield. ## Which stock lists is NatWest Group on? NatWest Group is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is NatWest Group profitable? NatWest Group plc earned GBP 1.6 B of net profit in the Jun 2026 quarter, +29.7% on the same quarter a year earlier. That is the 9th quarter in a row of profit growth. Full-year FY25 profit was GBP 5.5 B. Over 4 years profit has grown 16.7% a year on average. That is 36.7% of the quarter's revenue. The same quarter a year earlier earned GBP 1.2 B. For the full year, FY25 profit was GBP 5.5 B (+21.2% on the year before). Why profit moved: revenue changed +14.5% on a year earlier and the margin moved +4.3 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +23.0% and revenue +13.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. This company reports in British pounds, not US dollars, so the money charts are left out here. The figures in the text are in that currency (GBP); nothing is converted. ## How much revenue does NatWest Group make, and is it growing? NatWest Group plc reported GBP 4.4 B of income in the Jun 2026 quarter, +14.5% on the same quarter a year earlier. That is the 9th quarter in a row with growth on the year before. Over 4 years it has grown 8.0% a year on average. The last full year, FY25, came in at GBP 16.0 B. The last four reported quarters add to GBP 16.8 B. FY25 revenue was GBP 16.0 B, +11.3% on the year before. Recent pace: the last four quarters grew +13.2% on average, against 8.0% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +13.1%, against +10.5% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +22.8%, against +19.9% a year (stabilising). This company reports in British pounds, not US dollars, so the money charts are left out here. The figures in the text are in that currency (GBP); nothing is converted. ## How much does NatWest Group keep from what it earns? NatWest Group plc's net margin was 36.7% in the Jun 2026 quarter, 4.3 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 25.1% and 34.3%. The latest quarter is above every full year in that period. Across 5 years it has been between 25.1% and 34.3%, and FY25's 34.3% is the highest of them. Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## How many of NatWest Group's loans have gone bad? NatWest Group plc does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report. Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up. ## How fast is NatWest Group's loan book growing? NatWest Group plc's revenue was GBP 16.0 B in FY25, +11.3% on the year before, so the loan book is growing. The latest quarter was +14.5% on a year earlier. The net margin on that income is 36.7%, +4.3 percentage points on a year ago. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Quarterly loan-quality figures are missing here, so revenue growth and margin are the two we watch. This company reports in British pounds, not US dollars, so the money charts are left out here. The figures in the text are in that currency (GBP); nothing is converted. ## What is NatWest Group's P/BV ratio, and how does it compare with its own history? NatWest Group plc's P/BV is 1.1×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the book value trend underneath matters more than the multiple. ## Is the NatWest Group business getting better or worse? NatWest Group plc's business is growing steadily. Revenue and profit growth have stayed positive throughout, and ROE is steady at 13.7%. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: steady growth with healthy returns is how a business compounds over time. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does NatWest Group earn on its equity and assets? NatWest Group plc earned a return on equity of 13% in FY25. Its lowest yearly reading on file was 7% in FY21. On its assets, every GBP 100 earned about GBP 0.84, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together. That return is below the level a bank needs to grow its net worth quickly, which helps explain why its multiple is where it is. Why ROE moved: profit grew 16.7% a year over 4 years while net worth grew more slowly. When earnings recover faster than net worth builds up, ROE climbs off its low. ## Does NatWest Group have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the NatWest Group shareholding pattern? We have no ownership or short-position figures for NatWest Group plc, so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 0.5 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is NatWest Group from balance-sheet trouble? For NatWest Group plc, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does NatWest Group rank in its industry? 49.6 out of 100, rank 14 of 20 in Banks - Regional, with 76% of the evidence available. NatWest Group plc scores 49.6 out of 100 against the 20 companies it is compared with in Banks - Regional, ranking 14. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 19.9 + 11.4 + 15.2 + 3.1 = 49.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is NatWest Group compared with? NatWest Group ranks 14 of 20 Banks - Regional companies on the 4-Factor Sector Score, with 49.6 out of 100. 1. [East West Bancorp, Inc.](https://www.sectoralpha.in/us/stocks/ewbc) EWBC · turning · Most evidence points up · 80% evidence 66.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Income 13.4% · Profit 15.8% · 81% evidence Capital efficiency 18.4/25 · ROA 1.7% · ROE 15.9% · GNPA n/a · 68% evidence Valuation 10.5/20 · P/BV 1.88× · P/BV÷ROE 0.12 · 70% evidence Relative strength 18.9/20 · Lead over its industry 8.2% · Lead over S&P 500 4.1% · 1 year 29.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19 + 18.4 + 10.5 + 18.9 = 66.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Pinnacle Financial Partners, Inc.](https://www.sectoralpha.in/us/stocks/pnfp) PNFP · turning · Evidence leans up · 80% evidence 60.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Income 100% · Profit 61.1% · 81% evidence Capital efficiency 8.3/25 · ROA 1% · ROE 8.9% · GNPA n/a · 68% evidence Valuation 12.8/20 · P/BV 0.96× · P/BV÷ROE 0.11 · 70% evidence Relative strength 18.1/20 · Lead over its industry 5.1% · Lead over S&P 500 1% · 1 year 20.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.6 + 8.3 + 12.8 + 18.1 = 60.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [First Citizens BancShares, Inc.](https://www.sectoralpha.in/us/stocks/fcnca) FCNCA · turning · Evidence leans up · 80% evidence 60.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.8/35 · Income 6.6% · Profit 1% · 81% evidence Capital efficiency 12.4/25 · ROA 1.1% · ROE 12.2% · GNPA n/a · 68% evidence Valuation 15.6/20 · P/BV 1.06× · P/BV÷ROE 0.09 · 70% evidence Relative strength 20.0/20 · Lead over its industry 10.3% · Lead over S&P 500 6% · 1 year 28.2% · 100% evidence · 5 of 12 weeks ahead Exact sum: 12.8 + 12.4 + 15.6 + 20 = 60.8 · What this means: Relative strength against the index is 6%, and revenue and profit growth are weak. 4. [Credicorp Ltd.](https://www.sectoralpha.in/us/stocks/bap) BAP · quiet · Evidence leans up · 76% evidence 60.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Income 12.9% · Profit 17.9% · 71% evidence Capital efficiency 19.8/25 · ROA 3.1% · ROE 21.2% · GNPA n/a · 68% evidence Valuation 9.1/20 · P/BV 2.72× · P/BV÷ROE 0.13 · 70% evidence Relative strength 10.1/20 · Lead over its industry 2.3% · Lead over S&P 500 -1.8% · 1 year 38.3% · 100% evidence · 3 of 12 weeks ahead Exact sum: 21.6 + 19.8 + 9.1 + 10.1 = 60.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [The PNC Financial Services Group, Inc.](https://www.sectoralpha.in/us/stocks/pnc) PNC · quiet · Evidence leans up · 80% evidence 59.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.9/35 · Income 14.4% · Profit 22.5% · 81% evidence Capital efficiency 14.8/25 · ROA 1.3% · ROE 12.9% · GNPA n/a · 68% evidence Valuation 11.3/20 · P/BV 1.42× · P/BV÷ROE 0.11 · 70% evidence Relative strength 10.3/20 · Lead over its industry 1.7% · Lead over S&P 500 -2.4% · 1 year 26.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 22.9 + 14.8 + 11.3 + 10.3 = 59.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [U.S. Bancorp](https://www.sectoralpha.in/us/stocks/usb) USB · quiet · Evidence leans up · 80% evidence 59.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.5/35 · Income 7.2% · Profit 17.5% · 81% evidence Capital efficiency 14.3/25 · ROA 1.2% · ROE 13% · GNPA n/a · 68% evidence Valuation 12.8/20 · P/BV 1.34× · P/BV÷ROE 0.1 · 70% evidence Relative strength 14.4/20 · Lead over its industry 4.7% · Lead over S&P 500 0.5% · 1 year 29% · 100% evidence · 3 of 12 weeks ahead Exact sum: 17.5 + 14.3 + 12.8 + 14.4 = 59 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [KeyCorp](https://www.sectoralpha.in/us/stocks/key) KEY · quiet · Evidence leans up · 80% evidence 57.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.9/35 · Income 27.7% · Profit 100% · 81% evidence Capital efficiency 10.1/25 · ROA 1.1% · ROE 10.2% · GNPA n/a · 68% evidence Valuation 11.4/20 · P/BV 1.2× · P/BV÷ROE 0.12 · 70% evidence Relative strength 8.4/20 · Lead over its industry -0.9% · Lead over S&P 500 -4.8% · 1 year 19.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 27.9 + 10.1 + 11.4 + 8.4 = 57.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Nu Holdings Ltd.](https://www.sectoralpha.in/us/stocks/nu) NU · quiet · Evidence leans up · 76% evidence 56.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.5/35 · Income 44.3% · Profit 56.8% · 71% evidence Capital efficiency 19.4/25 · ROA 4.6% · ROE 29.2% · GNPA n/a · 68% evidence Valuation 7.0/20 · P/BV 4.9× · P/BV÷ROE 0.17 · 70% evidence Relative strength 3.0/20 · Lead over its industry -21% · Lead over S&P 500 -24.3% · 1 year -24.5% · 100% evidence · 6 of 12 weeks ahead Exact sum: 27.5 + 19.4 + 7 + 3 = 56.9 · What this means: Earnings are strong; relative strength in its sector is -21% and the one-year return is -24.5%. 9. [Citizens Financial Group, Inc.](https://www.sectoralpha.in/us/stocks/cfg) CFG · quiet · Evidence leans up · 80% evidence 53.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.3/35 · Income 12.8% · Profit 35.8% · 81% evidence Capital efficiency 8.6/25 · ROA 1% · ROE 9% · GNPA n/a · 68% evidence Valuation 11.2/20 · P/BV 1.07× · P/BV÷ROE 0.12 · 70% evidence Relative strength 8.1/20 · Lead over its industry 0.8% · Lead over S&P 500 -3.2% · 1 year 27.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 25.3 + 8.6 + 11.2 + 8.1 = 53.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Banco Bradesco S.A.](https://www.sectoralpha.in/us/stocks/bbd) BBD · quiet · Evidence leans up · 80% evidence 51.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Income 9% · Profit 22.6% · 81% evidence Capital efficiency 15.8/25 · ROA 1.2% · ROE 16% · GNPA n/a · 68% evidence Valuation 16.8/20 · P/BV 0.93× · P/BV÷ROE 0.06 · 70% evidence Relative strength 0.0/20 · Lead over its industry -30.1% · Lead over S&P 500 -32.9% · 1 year -27.4% · 100% evidence · 3 of 12 weeks ahead Exact sum: 19.3 + 15.8 + 16.8 + 0 = 51.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Webster Financial Corporation](https://www.sectoralpha.in/us/stocks/wbs) WBS · Too little evidence to rank firmly · 56% evidence 50.9 out of 100 Growth Capital Valuation Relative
12. [M&T Bank Corporation](https://www.sectoralpha.in/us/stocks/mtb) MTB · quiet · Evidence leans up · 80% evidence 50.0 out of 100 Growth Capital Valuation Relative
13. [Truist Financial Corporation](https://www.sectoralpha.in/us/stocks/tfc) TFC · quiet · Evidence leans down · 80% evidence 49.6 out of 100 Growth Capital Valuation Relative
14. NatWest Group plc this page NWG · quiet · Evidence leans down · 76% evidence 49.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.9/35 · Income 13.1% · Profit 22.8% · 71% evidence Capital efficiency 11.4/25 · ROA 0.8% · ROE 14% · GNPA n/a · 68% evidence Valuation 15.2/20 · P/BV 1.21× · P/BV÷ROE 0.09 · 70% evidence Relative strength 3.1/20 · Lead over its industry -4.5% · Lead over S&P 500 -8.3% · 1 year 4.1% · 100% evidence · 5 of 12 weeks ahead Exact sum: 19.9 + 11.4 + 15.2 + 3.1 = 49.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 15. [Itaú Unibanco Holding S.A.](https://www.sectoralpha.in/us/stocks/itub) ITUB · quiet · Evidence leans down · 76% evidence 49.3 out of 100 Growth Capital Valuation Relative
16. [Deutsche Bank Aktiengesellschaft](https://www.sectoralpha.in/us/stocks/db) DB · basing · Evidence leans down · 76% evidence 48.4 out of 100 Growth Capital Valuation Relative
17. [Fifth Third Bancorp](https://www.sectoralpha.in/us/stocks/fitb) FITB · quiet · Evidence leans down · 80% evidence 47.7 out of 100 Growth Capital Valuation Relative
18. [Regions Financial Corporation](https://www.sectoralpha.in/us/stocks/rf) RF · quiet · Evidence leans down · 80% evidence 46.9 out of 100 Growth Capital Valuation Relative
19. [Lloyds Banking Group plc](https://www.sectoralpha.in/us/stocks/lyg) LYG · quiet · Evidence leans down · 80% evidence 46.1 out of 100 Growth Capital Valuation Relative
20. [Huntington Bancshares Incorporated](https://www.sectoralpha.in/us/stocks/hban) HBAN · basing · Evidence leans down · 80% evidence 44.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Banks - Regional](https://www.sectoralpha.in/us/sectors/banks-regional), all 20 compared on one page. ## Which companies are close to NatWest Group in size? NatWest Group is the 9th largest of 274 Banks - Regional companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Itaú Unibanco Holding S.A., Lloyds Banking Group plc and Deutsche Bank Aktiengesellschaft. Just below it: Truist Financial Corporation, Nu Holdings and Fifth Third Bancorp. ### Banks - Regional companies close in size

1. [Itaú Unibanco Holding S.A.](https://www.sectoralpha.in/us/stocks/itub) $84.7 billion
2. [Lloyds Banking Group plc](https://www.sectoralpha.in/us/stocks/lyg) $79 billion
3. [Deutsche Bank Aktiengesellschaft](https://www.sectoralpha.in/us/stocks/db) $73.5 billion
4. NatWest Group plc $65.1 billion
5. [Truist Financial Corporation](https://www.sectoralpha.in/us/stocks/tfc) $61 billion
6. [Nu Holdings Ltd.](https://www.sectoralpha.in/us/stocks/nu) $57.9 billion
7. [Fifth Third Bancorp](https://www.sectoralpha.in/us/stocks/fitb) $49.5 billion

[All 274 Banks - Regional companies, largest first](https://www.sectoralpha.in/us/sectors/banks-regional#all-companies)

### Companies close in size in other industries

1. [MetLife, Inc.](https://www.sectoralpha.in/us/stocks/met) $65.4 billion · Insurance - Life
2. [TC Energy Corporation](https://www.sectoralpha.in/us/stocks/trp) $65.4 billion · Oil & Gas Midstream
3. NatWest Group plc $65.1 billion
4. [Cummins Inc.](https://www.sectoralpha.in/us/stocks/cmi) $65 billion · Specialty Industrial Machinery
5. [TE Connectivity plc](https://www.sectoralpha.in/us/stocks/tel) $63.3 billion · Electronic Components

## What else do people ask about NatWest Group? ### What were NatWest Group's latest quarterly results? NatWest Group plc reported total income of GBP 4.4 B and net profit of GBP 1.6 B for the Jun 2026 quarter. Income rose 14.5% and profit rose 29.7% compared with a year earlier. The net margin was 36.7%, 4.3 percentage points higher than a year earlier (as of 4 November 2026). ### What is NatWest Group's market cap? NatWest Group plc's market capitalisation is $65.1 B at a stock price of $16.57. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is NatWest Group performing? NatWest Group plc's share price has been moving sideways for 3 weeks. In its latest quarter, income rose 14.5% and profit rose 29.7% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 6 weeks running (as of 4 November 2026). ### Will NatWest Group's stock price go up? This page does not forecast NatWest Group plc's stock price. What it shows instead: the stock price is $16.57, and it has been moving sideways for 3 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026). ### Where is NatWest Group in its business cycle? NatWest Group plc's FY25 net margin was 34.3%, against a 5-year range of 25.1% to 34.3%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 36.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the NatWest Group story? Biggest thing to watch: the net margin is the best this company has ever reported. Every ratio looks better at a record, so the story depends on the net margin staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is NatWest Group a stock worth studying right now? What the numbers show: NatWest Group plc's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). This is research, not advice. We’re not SEBI-registered.