NatWest (NWG) Price to Book (2011 - 2026)
NatWest's Price to Book came in at 1.23 for Q2 2026, up 17.2% from 1.05 a year earlier and up 18.5% from the prior quarter.
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Analysis
NatWest (NWG) Price to Book (2011 - 2026) Analysis & Trends
For FY2025, NatWest's Price to Book was 1.28, up 52.2% from FY2024.
- Going back by year, Price to Book was 0.84 in FY2024 (+50.9%), 0.56 in FY2023 (-21.0%), 0.71 in FY2022 (+14.4%) and 0.62 in FY2021 (+26.7%).
- The five-year range for quarterly Price to Book is 0.04 (Q3 2021) to 1.27 (Q4 2025).
- Year-over-year, Price to Book has increased for nine consecutive quarters, with growth averaging 33.0% over the last eight quarters.
- The fastest year-over-year change in Price to Book over five years came in Q4 2025 (growth of 51.5%), and the weakest in Q3 2021 (a decline of 86.6%).
- Business Quant data shows NWG's Price to Book at 1.04 (Q1 2026), 1.27 (Q4 2025) and 1.03 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Jpmorgan Chase | 883.45 Bn | 912.92 Bn | - |
| 2 | Banco Santander Chile | 401.52 Bn | 521.46 Bn | - |
| 3 | Bank Of America | 377.43 Bn | -1,998.64 Bn | - |
| 4 | Hsbc Holdings | 330.31 Bn | 330.37 Bn | - |
| 5 | Morgan Stanley | 299.17 Bn | -209.92 Bn | - |
| 6 | Royal Bank Of Canada | 274.08 Bn | 124.82 Bn | - |
| 7 | Mitsubishi Ufj Financial | 270.70 Bn | -1,317.79 Bn | 10.89 Bn |
| 8 | Goldman Sachs | 263.13 Bn | -3,293.98 Bn | - |
| 9 | Wells Fargo & Company | 243.64 Bn | 245.78 Bn | - |
| 10 | NatWest | 72.69 Bn | -795.69 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.23 |
| Mar 31, 2026 | 1.04 |
| Dec 31, 2025 | 1.27 |
| Sep 30, 2025 | 1.03 |
| Jun 30, 2025 | 1.05 |
| Mar 31, 2025 | 0.95 |
| Dec 31, 2024 | 0.84 |
| Sep 30, 2024 | 0.86 |
| Jun 30, 2024 | 0.78 |
| Mar 31, 2024 | 0.65 |
| Dec 31, 2023 | 0.56 |
| Sep 30, 2023 | 0.64 |
| Jun 30, 2023 | 0.69 |
| Mar 31, 2023 | 0.71 |
| Dec 31, 2022 | 0.74 |
| Sep 30, 2022 | 0.65 |
| Jun 30, 2022 | 0.65 |
| Mar 31, 2022 | 0.63 |
| Dec 31, 2021 | 0.63 |
| Sep 30, 2021 | 0.04 |
API Access
NatWest Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=NWG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "NWG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=NWG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();