Friday 6 November 2026 Export NWG’s income statement to Excel — free account

NatWest Group plc

NWG Financial Banks Regional

NatWest Group plc’s revenue for fiscal 2025 (year ended December 2025) was $38.9 billion, up 6.42% from fiscal 2024.

Revenue: +12.9%
EPS: +40.5%
Free cash flow: −47.4%
Total debt: −8.24%

Quarter to September 2026, against a year earlier

15.97 0.58 −3.50%

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Market cap: $63.1B
P/E: 8.3×
Fwd P/E: 7.9×
Dividend yield: 5.90%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview

NatWest Group plc (NWG) P/E ratio

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As of 5 November 2026, NatWest Group plc (NWG) trades at a P/E ratio of 8.3×. Over the past ten years it has ranged from 0.0× (March 2021) to 132× (June 2021); the current reading is higher than 44% of that period. That is below the Banks Regional industry median of 12.0× and below the Financial sector median of 12.2×.

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<iframe src="https://stockrow.com/embed/NWG/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="NatWest Group plc P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/NWG/metrics/pe-ratio">NatWest Group plc (NWG) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	11.2×	26.64%
FY2024	8.9×	75.90%
FY2023	5.0×	(38.37%)
FY2022	8.2×	(34.18%)
FY2021	12.4×	—
FY2020	0.0×	—
FY2019	19.1×	40.17%
FY2018	13.6×	—
FY2017	0.0×	—
FY2016	0.0×	—

Period	P/E ratio	Change
Sep 2026	9.5×	12.29%
Mar 2026	8.4×	(7.19%)
Sep 2025	9.1×	(2.60%)
Mar 2025	9.3×	14.23%
30 more quarters	Free account

Against its own ten years

Low 0.0× High 132×

Ten-year median 9.0×

Current reading's percentile 20

Company	P/E ratio
NWG NatWest Group plc	8.3×
KB KB Financial Group Inc compare	9.7×
DB Deutsche Bank Aktiengesellschaft compare	10.1×
USB U.S. Bancorp compare	11.7×
LYG Lloyds Banking Group PLC compare	12.0×
PNC The PNC Financial Services Group, Inc compare	12.1×
TFC Truist Financial Corporation compare	12.7×
NU Nu Holdings Ltd. compare	16.0×
FITB Fifth Third Bancorp compare	18.1×
Banks Regional industry median	12.0×
Financial sector median	12.2×
Market median	17.9×

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)

The full definition of P/E ratio →

NatWest Group plc (NWG) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on NWG

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on NWG

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