# NatWest Group plc American (NWG) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Banks. Price $18.94, market value $75.2 billion.

## Valuation
- **P/E (trailing): 9.4×** (5-yr avg 16.9×, 3-yr avg 17.5×). NatWest Group plc American trades at 9.4× trailing earnings, well below its own five-year average of 16.9×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 8.7×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.32**. A PEG of 0.32 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 3.2×**. Each dollar of revenue is priced at 3.2×.
- **Price / book: 1.4×**. The shares trade at 1.4× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 11.5%** (5-yr avg -3.4%). Free cash flow equals 11.5% of the market value, above its five-year average of -3.4%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 10.6%**. The inverse of the P/E: 10.6% of the price is earned each year.

## Profitability
- **Net margin: 19.3%**. 19.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 13.7%**. 13.7% on shareholders' equity is solid.
- **Return on assets: 0.9%**. Each dollar of assets produces 0.9% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 3.1%** (3-yr 22.2%/yr, 5-yr 17.6%/yr). Revenue grew 3.1% over the last year, against 17.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 27.2%** (3-yr 26.1%/yr). Earnings per share rose 27.2%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 4.98%** ($0.94 per share, trailing). NatWest Group plc American yields 4.98%, an income-level yield.
- **Payout ratio: 41%** (37% of free cash flow). 41% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Dividend growth (5 yr): 23.7%/yr** (1-yr 45.3%). The dividend has compounded at 23.7% a year over five years, doubling roughly every 3 years at that pace.

## Analyst view
- **Analyst consensus: buy** (4 analysts). 4 analysts cover NatWest Group plc American; the consensus is buy, with an average price target of $21.91 (+16% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 40.5%** (YTD 12.9%, 3-mo 19.9%). The shares are up 40.5% over twelve months including dividends.
- **From 52-week high: -2.5%** (39.7% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 57**. An RSI of 57 is neutral.
- **Beta (1 yr): 1.28** (volatility 31%). Beta of 1.28 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NWG · Page: https://foliofundamentals.com/stocks/nwg

Not investment advice.