NatWest Group stock
NWGNYSENatWest Group plc, Financial ServicesISIN US6390572070
70Score 70 out of 100, Strong
Price and trend
52 / 100
Price history
−2.1% in one yearThe chart shows daily closes over 19 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 6.2% below it.
Since July 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 42).
The price is 18% below its 52-week high. Largest decline in 19 years: 99% (October 2007 to September 2020).
Chart figures for advanced users
- SMA 50$17.53
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$16.99
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)42
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$13.89
- The lowest closing price of the last twelve months.
- Resistance$19.42
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- NatWest Group plc belongs to the Banks (Regional) industry (United Kingdom) and, with a market value of $31.95B, is number 43 of 422 companies in its industry on MEQIRI.
- This is an American depositary receipt (ADR).
- In fiscal 2025 it reported revenue of $22.1B (up 13.3% year on year) and earnings of $7.76B (up 21.4%).
Show more
- MEQIRI Score 70 out of 100 (Strong): rank 429 of 976 in Financial Services, median 68.
- The P/E is 4 (Banks (Regional) median 12.2, own median of recent years 4.6).
- Our model puts fair value at $43.54, with the price 63% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Share buybacksShare count down 28% since 2020.Capital allocation 92
- Below fair valuePrice 63% below the fair value of $43.54.Valuation 100
- Earnings per share growingUp 26% a year since 2021.Growth 83
Weaknesses
None of our weakness checks flags anything. Crash risk is measured separately.
Its standout strengths are valuation and capital allocation, while momentum and stability hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
The fundamentals are strong overall.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among stocks ranked 101 to 1,000.
From 2016 to 2025, 13 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What drives the risk
- high growth grade (crashed more often in the backtest)
Valuation
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $33.49 and expensive above $62.20 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $38.73 (excess return model) and $48.34 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $40.31, at 7.8% it would be $48.38.
Valuation metrics
Half from the excess return model, half from earnings times the industry P/E (12.2).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 13% on the twelve months before. Revenue has stayed largely stable since 2006.
Margins
- Operating margin
- Net margin
In fiscal 2025: operating 46%, net 35%. Banks and insurers have no gross margin, and their net margin is not comparable with other industries. The score leaves both out.
Debt & balance sheet
latest quarterFor banks and insurers, deposits and liabilities are the business. Debt to equity and the current ratio say little here, and the score does not rate them.
Earnings
- Next earnings
- 12 Feb 2027in 92 days
- Last reported
- 30 Oct 2026in line with expectations
Analyst estimates
Analysts have cut their 2027 earnings estimate by 4.9% since 15 Oct 2026. Falling estimates often precede bad news.
- Earnings per share
- 1.98−1.0%
- Revenue
- $24.31B−24.4%
- Earnings per share
- 2.11−4.9%
- Revenue
- $26.08B−25.3%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: +4.8%2026 guidance raised: return on tangible equity above 19%, income excluding notable items of around GBP 17.9 billion; loan impairment rate below 25 basis points unchanged.
“We saw no new signs of stress across our 3 businesses, and we continue to expect a loan impairment rate below 25 basis points for 2026. So our guidance is unchanged.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 31 Jul 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at NatWest Group
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
976 rated companies in Financial Services
- This company
- 70
- Sector median
- 68
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Banks (Regional)
The next larger and next smaller companies by market value
- Ping An Bank000001.SZ $34.07B67
- Bank of Ningbo002142.SZ $33.63B69
- Resona Holdings8308.T $32.39B66
- Huntington BancsharesHBAN $32B63
- M&T BankMTB $31.58B70
- BPER BancaBPE.MI $31.13B74
- TS Financial Holding2887.TW $30.92B69
- Shinhan Financial GroupSHG $29.29B59
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = £0.7515)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong since 10 Nov 2026, previously Neutral
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.