NatWest Group Plc
Research NatWest Group Plc (NWG) on Bullrun: valuation model: 14.5% undervalued, market cap USD 75.09B, P/E 9.4, dividend yield 5.1%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerNWG
- ExchangeNYSE
- CountryUnited Kingdom
- SectorFinancial Services
- IndustryBanks-Regional
- CurrencyUSD
- Valuation signal14.5% undervalued
- Market capUSD 75.09B
- P/E9.4
- Dividend yield5.1%
- Financial periodQ2 2026
- RevenueGBP 4.50B
- Net incomeGBP 1.68B
Valuation Snapshot
Bullrun's latest valuation model marks NatWest Group Plc as 14.5% undervalued; latest market cap is USD 75.09B; P/E is 9.4; dividend yield is 5.1%.
Peer valuation comparison
Latest P/E is 9.43x versus a Financial Services sector median of 13.84x (31.8% below).
Latest dividend yield is 5.11% versus a Financial Services sector median of 3.86% (32.6% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | GBP 16.60B | GBP 5.83B | n/a | n/a | 2.23 | GBP 85.35B | GBP 71.83B | GBP 42.60B |
| FY2024 | GBP 14.64B | GBP 4.80B | n/a | n/a | 1.74 | GBP 93.05B | GBP 65.92B | GBP 39.35B |
| FY2023 | GBP 14.79B | GBP 4.64B | n/a | n/a | n/a | GBP 104.52B | GBP 60.07B | GBP 37.16B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 75.09B | 9.4 | 5.0% | 0.94 |
| 2025 | 2025-12-31 | USD 69.95B | 9.8 | 3.7% | 0.65 |
| 2024 | 2024-12-31 | USD 40.90B | 7.5 | 4.3% | 0.44 |
| 2023 | 2023-12-29 | USD 24.75B | 4.9 | 9.2% | 0.52 |
| 2022 | 2022-12-30 | USD 31.20B | 9.9 | 11.3% | 0.73 |
| 2021 | 2021-12-31 | USD 34.44B | 8.7 | 2.7% | 0.18 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.94 USD, yield 5.1%.
About NatWest Group Plc
NatWest Group plc, together with its subsidiaries, provides banking and financial products and services in the United Kingdom and internationally. It operates through the Retail Banking, Private Banking, and Commercial & Institutional 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.
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Frequently asked questions
Is NatWest Group Plc overvalued or undervalued?
Bullrun's valuation model currently marks NatWest Group Plc as 14.5% undervalued.
What is NatWest Group Plc's market cap?
NatWest Group Plc's market capitalization is USD 75.09B.
What is NatWest Group Plc's P/E ratio?
NatWest Group Plc's price-to-earnings (P/E) ratio is 9.4.
Does NatWest Group Plc pay a dividend?
NatWest Group Plc has a dividend yield of 5.1%.
What does NatWest Group Plc do?
NatWest Group plc, together with its subsidiaries, provides banking and financial products and services in the United Kingdom and internationally. It operates through the Retail Banking, Private Banking, and Commercial & Institutional 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.