Saturday 17 October 2026
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NatWest Group plc
In the quarter to June 2026, revenue grew 14.1%, EPS grew 77.8%, free cash flow fell 47.4% and total debt was flat, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three.
17.51
0.04
+0.23%
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NatWest Group plc (NWG) P/E ratio
As of 16 October 2026, NatWest Group plc (NWG) trades at a P/E ratio of 9.9×. Over the past ten years it has ranged from 0.0× (March 2021) to 132× (June 2021); the current reading is higher than 50% of that period. That is below the Banks Regional industry median of 12.0× and below the Financial sector median of 12.4×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 11.2× | 13.52% |
| FY2024 | 9.9× | 51.96% |
| FY2023 | 6.5× | (45.69%) |
| FY2022 | 12.0× | (3.55%) |
| FY2021 | 12.4× | — |
| FY2020 | 0.0× | — |
| FY2019 | 19.1× | 40.17% |
| FY2018 | 13.6× | — |
| FY2017 | 0.0× | — |
| FY2016 | 0.0× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Mar 2026 | 8.4× | (7.19%) |
| Sep 2025 | 9.1× | (2.60%) |
| Mar 2025 | 9.3× | 2.40% |
| Sep 2024 | 9.1× | 32.52% |
| 29 more quarters | Free account |
Against its own ten years
Low 0.0×
High 132×
Ten-year median
9.9×
Current reading's percentile
29
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| DB Deutsche Bank Aktiengesellschaft compare | 7.6× |
| NWG NatWest Group plc | 9.9× |
| TFC Truist Financial Corporation compare | 10.7× |
| USB U.S. Bancorp compare | 11.3× |
| PNC The PNC Financial Services Group, Inc compare | 11.4× |
| ITUB Itau Unibanco Holding S.A. compare | 12.0× |
| LYG Lloyds Banking Group PLC compare | 15.5× |
| FITB Fifth Third Bancorp compare | 17.0× |
| NU Nu Holdings Ltd. compare | 19.7× |
| Banks Regional industry median | 12.0× |
| Financial sector median | 12.4× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)