NatWest Group (RBSPF)

Financial Services · Banks - Regional
$8.91 +1.83% on the day Market cap $70.3B 52-week range $6.76 to $9.80 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

NatWest Group's free cash flow isn't comparable to its market value here, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

C

Five factors scored 1 to 9 from RBSPF's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation7
Profitability5
Growth6
Financial health1
Cash efficiency7

Key numbers

P/E (trailing)9.49x
P/E (forward)9.90x
Price / free cash flow—
EV / EBITDA0.00x
Price / sales4.33x
Price / book1.24x
Revenue growth+3.1%
Operating margin—
Net margin19.3%
Return on equity13.7%
Dividend yield3.6%
Debt / equity15.8x

Results from SEC filings

Fiscal years, from NatWest Group's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$12.7B$16.6B$25.4B$29.3B$30.2B
Net income$3.3B$3.6B$4.6B$4.8B$5.8B
Free cash flow$52.3B-$45.0B-$19.0B$694M$5.8B
EPS (diluted)$0.27$0.34$0.48$0.53$0.67
Operating margin—————

Where the revenue comes from

Revenue by segments, fiscal 2025.

Commercial & Institutional$13.4B44%
Retail Banking$10.1B34%
Central items & other$5.4B18%
Private Banking & Wealth Management$1.3B4%

Superinvestors who own RBSPF

From each investor's latest 13F filing (what a 13F shows).

None of the superinvestors we track held RBSPF in their latest 13F.

Insider buying

Open-market purchases by NatWest Group's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of RBSPF in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are NatWest Group insiders buying the stock?

No open-market insider purchases of RBSPF in the last 12 months, according to SEC Form 4 filings.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.