Valuation NatWest Group plc

Stocks

Real-time Estimate Cboe Europe 14:42:45 30/10/2026 +03			5-day change	1st Jan Change
582.00 ^GBX	-8.38%		-6.69%	-10.19%

02:13pm	WINNERS & LOSERS: BT jumps on network deal, NatWest drops on results	AN
02:05pm	NatWest Group plc, Q3 2026 Earnings Call, Oct 30, 2026

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	25,432	25,613	19,289	32,339	52,105	50,232	-	-
Change	-	0.71%	-24.69%	67.66%	61.12%	-3.6%	-	-
Enterprise Value (EV)	25,432	25,613	19,289	32,339	52,105	50,232	50,232	50,232
Change	-	0.71%	-24.69%	67.66%	61.12%	-3.6%	0%	0%
P/E	8.92x	7.89x	4.6x	7.57x	9.67x	8.5x	7.8x	7.08x
PBR	0.63x	0.7x	0.52x	0.82x	1.37x	1.24x	1.15x	1.07x
PEG	-	0.3x	0.1x	0.7x	0.4x	0.8x	0.87x	0.7x
Capitalization / Revenue	2.42x	1.95x	1.31x	2.2x	3.13x	2.77x	2.56x	2.44x
EV / Revenue	0x	0x	0x	0x	0x	2.77x	2.56x	2.44x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	0x	0x	0x	0x	0x	5.34x	4.84x	4.52x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	0.1131	0.303	0.17	0.215	0.325	0.3734	0.4107	0.4549
Rate of return	4.65%	11.4%	7.75%	5.35%	4.99%	5.88%	6.47%	7.16%
EPS ²	0.2725	0.336	0.477	0.531	0.674	0.7474	0.814	0.897
Distribution rate	41.5%	90.2%	35.6%	40.5%	48.2%	50%	50.5%	50.7%
Net sales ¹	10,512	13,156	14,752	14,703	16,641	18,123	19,628	20,580
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	4,001	5,469	6,756	6,554	8,379	9,409	10,380	11,119
Net income ¹	2,950	3,340	4,394	4,519	5,834	6,004	6,497	6,937
Net Debt	-	-	-	-	-	-	-	-
Reference price ²	2.431	2.652	2.194	4.021	6.518	6.352	6.352	6.352
Nbr of stocks (in thousands)	10,463,285	9,658,084	8,791,563	8,042,415	7,994,018	7,908,022	-	-
Announcement Date	2/18/22 A	2/17/23 A	2/16/24 A	2/14/25 A	2/13/26 A	-	-	-

¹GBP in Million²GBP

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
NATWEST GROUP PLC	8.5x	-	-	5.88%	67.17B
JPMORGAN CHASE & CO.	13.79x	-	-	1.85%	912B
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED	6.39x	-	-	4.86%	441B
AGRICULTURAL BANK OF CHINA LIMITED	6.92x	-	-	4.59%	389B
BANK OF AMERICA CORPORATION	11.64x	-	-	2.34%	354B
CHINA CONSTRUCTION BANK CORPORATION	6.43x	-	-	4.83%	349B
BANK OF CHINA LIMITED	6.86x	-	-	4.66%	322B
HSBC HOLDINGS PLC	10.77x	-	-	4.9%	296B
ROYAL BANK OF CANADA	17.76x	-	-	2.37%	285B
WELLS FARGO & COMPANY	11.55x	-	-	2.24%	255B
Average	10.06x			3.85%	367B
Weighted average by Cap.	10.47x			3.47%