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NatWest Group (NWG, Large banks) Stock Valuation & Fair Value

Mixed on our tests

NatWest Group (NWG, Large banks) trades at a current P/E of 7.9, about 53% below its historical normal valuation, with a forward growth estimate of 8.8% and a PEG of 0.90. Analysts' one-year estimates have been hit 18% of the time. Priced at its historical normal P/E of 16.9 on the same blended earnings, the 2026-11-06 close of $15.60 corresponds to about $33.30 a share. This is a valuation reference, not a price target.

How to read these numbers: the PEG ratio and current P/E versus normal P/E.

Current P/E
7.9
Normal P/E
16.9
PEG
0.90
Fwd growth
8.8%
Div yield
5.9%
RSI (14)
37.2
Neutral
Technical context
  • Price $15.60 at the Nov 6 close, 7.1% below the 20-day average ($16.80) and 11.7% below the 50-day ($17.67).
  • RSI (14) at 37.2.
  • 52-week range $13.66 to $19.10: the price is 18.3% below the high and 14.2% above the low.

The Street vs SeerForecast

Wall Street's mean price target for NWG is $21.91 across 4 analysts, 40.5% above the current price. Our SeerForecast read of the same stock, formed without analyst targets: mixed on our tests. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has been mixed on our tests since 2026-09-19.

Current P/E and rating by weekCurrent P/E moved from 9.5 to 7.9 between 2026-09-18 and 2026-10-30, against a normal P/E of 16.9, with 0 rating changes over 7 recorded weeks.2026-09-18: P/E 9.5, Mixed on our tests, recalculated for the week of 2026-09-192026-09-18: P/E 9.5, Mixed on our tests, recorded live 2026-09-212026-09-25: P/E 9.4, Mixed on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 9.4, Mixed on our tests, recorded live 2026-09-282026-10-02: P/E 8.9, Mixed on our tests, recalculated for the week of 2026-10-032026-10-02: P/E 8.9, Mixed on our tests, recorded live 2026-10-052026-10-09: P/E 8.6, Mixed on our tests, recalculated for the week of 2026-10-102026-10-09: P/E 8.6, Mixed on our tests, recorded live 2026-10-122026-10-16: P/E 8.9, Mixed on our tests, recalculated for the week of 2026-10-172026-10-16: P/E 8.9, Mixed on our tests, recorded live 2026-10-192026-10-23: P/E 8.6, Mixed on our tests, recalculated for the week of 2026-10-242026-10-23: P/E 8.6, Mixed on our tests, recorded live 2026-10-262026-10-30: P/E 7.9, Mixed on our tests, recalculated for the week of 2026-10-312026-10-30: P/E 7.9, Mixed on our tests, recorded live 2026-11-0210.012.515.0Sep 18Sep 28Oct 9Oct 20Oct 30Normal P/E 16.9
Mixed on our tests

Not every point was recorded live. Points marked recalculated are worked out from the metrics tickerseer archived that week.

Selected weeks: the first, the latest, and the cheapest and dearest.

WeekCurrent P/EPremium to normal P/ERating
2026-09-19P/E 9.5-44%Mixed on our tests (recalculated)
2026-10-31P/E 7.9-54%Mixed on our tests (recalculated)
2026-11-02P/E 7.9-54%Mixed on our tests ← now
Show all 14 readings
WeekCurrent P/EPremium to normal P/ERating
2026-09-19P/E 9.5-44%Mixed on our tests (recalculated)
2026-09-21P/E 9.5-44%Mixed on our tests
2026-09-26P/E 9.4-45%Mixed on our tests (recalculated)
2026-09-28P/E 9.4-45%Mixed on our tests
2026-10-03P/E 8.9-47%Mixed on our tests (recalculated)
2026-10-05P/E 8.9-47%Mixed on our tests
2026-10-10P/E 8.6-49%Mixed on our tests (recalculated)
2026-10-12P/E 8.6-49%Mixed on our tests
2026-10-17P/E 8.9-47%Mixed on our tests (recalculated)
2026-10-19P/E 8.9-47%Mixed on our tests
2026-10-24P/E 8.6-49%Mixed on our tests (recalculated)
2026-10-26P/E 8.6-49%Mixed on our tests
2026-10-31P/E 7.9-54%Mixed on our tests (recalculated)
2026-11-02P/E 7.9-54%Mixed on our tests ← now

Frequently asked questions

Is NatWest Group stock overvalued?

At a current P/E of 7.9 versus its historical normal P/E of 16.9, NatWest Group trades about 53% below its typical valuation, with a PEG of 0.90 on 8.8% forward growth. tickerseer currently rates it mixed on our tests.

What is NatWest Group's fair value and PEG?

NatWest Group trades at a current P/E of 7.9 against a historical normal P/E of 16.9, a PEG of 0.90, and a forward growth estimate of 8.8%. Priced at its historical normal P/E of 16.9 on the same blended earnings, the 2026-11-06 close of $15.60 corresponds to about $33.30 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of NatWest Group changed?

tickerseer's rating has been mixed on our tests since 2026-09-19.

What is the analyst price target for NatWest Group?

The mean Wall Street price target for NatWest Group is $21.91 across 4 analysts, 40.5% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Large banks. Create a free account to see the full analysis: the SeerAI score, valuation history, and an AI research note where we have one. Options setups and metric history are part of the paid plans.

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