NatWest Group plc (NWG)
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. Its Private Banking segment provides banking, lending, and wealth management products for high-net-worth individuals and their business interests. The Commercial & Institutional segment consists of customer businesses under business banking, commercial mid-market, and corporates and institutions; and offers banking operations services in the Channel Islands, Isle of Man, Gibraltar, and Luxembourg, as well as products and solutions for businesses comprising start-ups, corporates, and large institutions. 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.
- Ticker
- NWG
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Banks - Regional
- 52-week range
- $13.76 - $19.42
Valuation
- Share price
- $15.60 (close of Nov 6, 2026)
- P/E (TTM)
- 8.52x
- Price to book
- 1.10x
- Price to free cash flow
- 7.29x
Price performance
| Period | Change |
|---|---|
| 1 day | -2.26% |
| 5 days | +0.84% |
| 1 month | -11.71% |
| 3 months | -18.07% |
| 6 months | -0.06% |
| Year to date | -10.86% |
| 1 year | -1.58% |
| 3 years | +231.91% |
| 5 years | +147.62% |
| 10 years | +214.52% |
| All time | -93.12% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 0.05%
- Shares short
- 1.95M
- Days to cover
- 0.38
- Change since prior report
- -12.51%
- Source
- FINRA consolidated short interest
Profitability and growth
- Return on equity
- 13.69%
- Return on assets
- 0.82%
- Net margin
- 19.29%
- Revenue growth
- 3.14%
- Net income growth
- 21.26%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 13.73%
- Net debt to EBITDA
- -2.66x
Latest reported year
- Period end
- Dec 31, 2025
- Fiscal year
- 2025
- Shares outstanding
- 4.03B
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|---|---|
| 2025-12-31 | 19.29% | 13.69% |
| 2024-12-31 | 16.41% | 12.22% |
| 2023-12-31 | 18.25% | 12.46% |
| 2022-12-31 | 21.69% | 9.85% |
| 2021-12-31 | 26.07% | 7.92% |
| 2020-12-31 | -3.23% | -0.99% |
| 2019-12-31 | 20.92% | 8.72% |
| 2018-12-31 | 12.91% | 4.63% |
| 2017-12-31 | 9.39% | 3.07% |
| 2016-12-31 | -32.54% | -10.50% |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-10-30 | Sep 2026 | - |
| 2026-07-31 | Jun 2026 | - |
| 2026-05-01 | Mar 2026 | - |
| 2026-02-13 | Dec 2025 | - |
| 2025-10-24 | Sep 2025 | - |
| 2025-07-25 | Jun 2025 | - |
| 2025-05-02 | Mar 2025 | - |
| 2025-02-14 | Dec 2024 | - |
Filings and sources
- Company website
- natwestgroup.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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