NatWest Group plc American Depositary Shares (each representing two (2) Ordinary Shares) (NWG)

FairStock Score: 70/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the business: NatWest is a UK-focused bank with retail, private, and commercial arms. Scale in Retail Banking can create a modest moat, but banking is a commodity business where credit discipline matters more than brand. The figures given show the latest reported quarter, the second quarter of 2026 (2026-Q2), produced $4.5B of revenue and $1.7B of net income, a 37.3% net margin. That is a healthy profit spread. FairStock's calculations put return on equity at 14.78%, which is respectable for a bank, and the shares at $17.65 at the 2026-10-13 close sell for 8.82 times earnings and 1.37 times book. A 5.34% dividend yield and a PEG ratio of 0.79 suggest the market is not paying a high price for the growth on offer. The beta of 0.82 implies lower volatility than the broad market, though banks can still be fragile when credit turns. The Piotroski F-Score is only 4/9, so the accounting signals are mixed, and I would want CET1, net interest margin, and combined ratio before trusting the balance sheet. Those measures are not in the data. No FCF, EV/EBITDA, Altman Z, or Graham Number applies to a bank. The Lynch category is 'none' because only zero years of filed results are available. On the numbers here, NatWest looks like a reasonably priced, cash-returning bank with decent profitability, but not one where I can yet judge credit risk or capital strength. I would need more bank-specific disclosure to call it a bargain.

In plain English: NatWest is a UK bank that serves retail, private, and commercial customers. In its latest reported quarter it earned a solid profit and pays a meaningful dividend, but banks carry credit and balance-sheet risks and some important safety details are missing. At the recent price, the shares look reasonably valued compared with the company's profits and net assets.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer