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NatWest Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for NatWest Group and similar public comparables like Saudi National Bank, Macquarie Group, China CITIC Bank, Société Générale and more.
NatWest Group Overview
About NatWest Group
NatWest Group derives around 90% of its total income from the United Kingdom. The bank operates a retail, commercial, and private bank in the UK, offering clients lending and payment services as well as asset management services.
Founded
1968
HQ
Employees
60.6K
Website
Sectors
Financials (LTM)
EV
$55B
NatWest Group Financials
NatWest Group reported last 12-month revenue of $23B.
In the same LTM period, NatWest Group generated $8B in net income.
Revenue (LTM)
NatWest Group P&L
In the most recent fiscal year, NatWest Group reported revenue of $23B and net income of $8B.
NatWest Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $23B | XXX | $23B | XXX | XXX | XXX |
| EBIT Margin | 50% | XXX | 49% | XXX | XXX | XXX |
| Net Profit | $8B | XXX | $8B | XXX | XXX | XXX |
| Net Margin | 34% | XXX | 35% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
NatWest Group Stock Performance
NatWest Group has current market cap of $66B, and enterprise value of $55B.
Market Cap Evolution
NatWest Group's stock price is $8.33.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $55B | $66B | 0.0% | XXX | XXX | XXX | $1.00 |
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Start Free TrialNatWest Group Valuation Multiples
NatWest Group trades at 2.4x EV/Revenue multiple.
EV / Revenue (LTM)
NatWest Group Financial Valuation Multiples
As of April 19, 2026, NatWest Group has market cap of $66B and EV of $55B.
Equity research analysts estimate NatWest Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
NatWest Group has a P/E ratio of 8.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $66B | XXX | $66B | XXX | XXX | XXX |
| EV (current) | $55B | XXX | $55B | XXX | XXX | XXX |
| EV/Revenue | 2.4x | XXX | 2.4x | XXX | XXX | XXX |
| EV/EBIT | 4.8x | XXX | 4.9x | XXX | XXX | XXX |
| P/E | 8.4x | XXX | 8.4x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 7.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified NatWest Group Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
NatWest Group Margins & Growth Rates
NatWest Group's revenue in the last 12 month grew by 8%.
NatWest Group's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.
NatWest Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 7% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 8% | XXX | XXX | XXX |
| Opex to Revenue | 49% | XXX | 49% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
NatWest Group Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| NatWest Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Saudi National Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Macquarie Group | XXX | XXX | XXX | XXX | XXX | XXX |
| China CITIC Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Société Générale | XXX | XXX | XXX | XXX | XXX | XXX |
| Deutsche Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
NatWest Group M&A Activity
NatWest Group acquired XXX companies to date.
Last acquisition by NatWest Group was on XXXXXXXX, XXXXX. NatWest Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by NatWest Group
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNatWest Group Investment Activity
NatWest Group invested in XXX companies to date.
NatWest Group made its latest investment on XXXXXXXX, XXXXX. NatWest Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by NatWest Group
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout NatWest Group
| When was NatWest Group founded? | NatWest Group was founded in 1968. |
| Where is NatWest Group headquartered? | NatWest Group is headquartered in United Kingdom. |
| How many employees does NatWest Group have? | As of today, NatWest Group has over 60K employees. |
| Who is the CEO of NatWest Group? | NatWest Group's CEO is Paul Thwaite. |
| Is NatWest Group publicly listed? | Yes, NatWest Group is a public company listed on London Stock Exchange. |
| What is the stock symbol of NatWest Group? | NatWest Group trades under NWG ticker. |
| When did NatWest Group go public? | NatWest Group went public in 1968. |
| Who are competitors of NatWest Group? | NatWest Group main competitors are Saudi National Bank, Macquarie Group, China CITIC Bank, Société Générale. |
| What is the current market cap of NatWest Group? | NatWest Group's current market cap is $66B. |
| What is the current revenue of NatWest Group? | NatWest Group's last 12 months revenue is $23B. |
| What is the current revenue growth of NatWest Group? | NatWest Group revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of NatWest Group? | Current revenue multiple of NatWest Group is 2.4x. |
| Is NatWest Group profitable? | Yes, NatWest Group is net-income-positive (as of the last 12 months). |
| What is the current net income of NatWest Group? | NatWest Group's last 12 months net income is $8B. |
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