NWG

NatWest Group plc

Financial Services · $36.8B market cap

Verdict

Share price

$17.67

close of Oct 3, 2026

Fair value

$53.39

Sticker Price

Payback Price

$21.36

buy price

On Sale

NWG is On Sale: at $17.67 it trades 17% below its buy price (Payback Price) of $21.36 and 67% below its fair value of $53.39. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth20.3% a year✓
Equity per share growth-3.8% a year✗
Sales growth-5.9% a year✗
Free cash flow growth-0.4% a year✗
Return on invested capital2.2%✗

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Superinvestors

1 of the investors we track holds NWG. In Q2 2026, 1 added. Who we track

Moves in Q2 2026

Added: Sarah Ketterer

About NatWest Group plc

NatWest Group plc is a leading financial institution that delivers a broad spectrum of banking and financial services to individual customers, businesses, corporations, and institutional clients across the United Kingdom and globally. The company's operations are divided into several key divisions: Retail Banking addresses consumer needs by providing essential banking products like current accounts, home mortgages…

Banks - Regional

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works