NatWest Group plc NWG.L
Composite 64/100; the shares have moved about 29% annualised. Names that move more contribute more risk for the same amount invested, and our composite reflects how strong the evidence for this one is right now.
Balance-sheet strength ranks 48/100 — a slight mark against it.
Income ranks 90/100 — a strong point in its favour. Momentum ranks 82/100 — a strong point in its favour. Growth ranks 75/100 — a strong point in its favour.
Balance-sheet strength ranks 48/100 — a slight mark against it. Quality ranks 48/100 — a slight mark against it.
What the company does NatWest Group plc (NWG.L) is a UK-based bank offering retail, private, and commercial banking services. Its Retail Banking segment provides current accounts, mortgages, and personal lending, while Private Banking serves high-net-worth individuals. The Commercial & Institutional segment supports businesses and institutions across the UK and select international markets.
Key financials NatWest reports an ROE of 14.1% and ROA of 0.8%, with gross, operating, and net margins of 100.0%, 50.3%, and 36.9%, respectively. Revenue grew 7.5% and EPS 15.6%. Dividend yield is 4.8% with a 46.6% payout ratio. Valuation metrics include a forward P/E of 9.94 and P/B of 1.24.
Stock health The stock shows mixed momentum: +16.87% over 3 months, +1.23% over 6 months, and +25.54% over 12 months. It is 5.69% below its 52-week high, with an RSI(14) of 52.20. Sideravia scores Valuation at 74.1 and Income at 93.0, indicating attractive valuation and income appeal.
Price vs fair value The stock trades at a **discount** of 34.70% to our fair-value estimate of 895.62 and a **discount** of 14.47% to the 12-month target of 761.22. - The discount to fair value reflects the bank’s elevated risk profile, with an Altman Z-score of -0.50 and a Piotroski F-Score of 5/9. - Analysts cite improved guidance and an accelerated buyback plan as reasons for the smaller discount to the 12-month target (The Wall Street Journal). - Sideravia’s Valuation percentile of 74.1 supports the view that the stock is attractively valued relative to its peers.
Looking forward Forward P/E of 9.94 suggests undemanding valuation, but weak Altman Z and low ROCE of 3.8% highlight structural profitability challenges. The 4.8% dividend yield and recent buyback acceleration may support near-term sentiment. Execution on cost control and risk management will be key for multiple expansion.
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Data as of 2026-09-04, compiled from third-party sources; errors and delays are possible and figures are not warranted. Investing puts your capital at risk; past performance does not predict future results. We publish our full track record, including the calls that lost, and our conflicts of interest.