NATWEST GROUP SP.ADR/2 (RYS) - Net Assets
Based on the latest financial reports, NATWEST GROUP SP.ADR/2 (RYS) has net assets worth €43.67 Billion EUR (≈ $51.06 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€749.64 Billion ≈ $876.41 Billion USD) and total liabilities (€705.97 Billion ≈ $825.35 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore cash flow conversion of NATWEST GROUP SP.ADR/2 to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €43.67 Billion |
| % of Total Assets | 5.83% |
| Annual Growth Rate | 5.3% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 2.61 |
NATWEST GROUP SP.ADR/2 - Net Assets Trend (2022–2025)
This chart illustrates how NATWEST GROUP SP.ADR/2's net assets have evolved over time, based on quarterly financial data. Explore long-term investment intensity of NATWEST GROUP SP.ADR/2 to see how much of total assets are deployed in long-term investments.
Annual Net Assets for NATWEST GROUP SP.ADR/2 (2022–2025)
The table below shows the annual net assets of NATWEST GROUP SP.ADR/2 from 2022 to 2025. For live valuation and market cap data, see NATWEST GROUP SP.ADR/2 market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €42.61 Billion ≈ $49.82 Billion |
+8.22% |
| 2024-12-31 | €39.38 Billion ≈ $46.04 Billion |
+5.89% |
| 2023-12-31 | €37.19 Billion ≈ $43.48 Billion |
+1.90% |
| 2022-12-31 | €36.50 Billion ≈ $42.67 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to NATWEST GROUP SP.ADR/2's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 43.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €14.42 Billion | 33.85% |
| Other Components | €28.18 Billion | 66.15% |
| Total Equity | €42.60 Billion | 100.00% |
NATWEST GROUP SP.ADR/2 Competitors by Market Cap
The table below lists competitors of NATWEST GROUP SP.ADR/2 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Teradyne Inc
NASDAQ:TER
|
$50.05 Billion |
|
Bayerische Motoren Werke Aktiengesellschaft
XETRA:BMW
|
$50.07 Billion |
|
Electronic Arts Inc
NASDAQ:EA
|
$50.16 Billion |
|
MetLife Inc
NYSE:MET
|
$50.18 Billion |
|
Nu Holdings Ltd
NYSE:NU
|
$50.01 Billion |
|
AutoZone Inc
NYSE:AZO
|
$49.88 Billion |
|
Ferrovial SE
NASDAQ:FER
|
$49.86 Billion |
|
Cheniere Energy Inc
NYSE:LNG
|
$49.71 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NATWEST GROUP SP.ADR/2's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 39,350,000,000 to 42,599,000,000, a change of 3,249,000,000 (8.3%).
- Net income of 5,831,000,000 contributed positively to equity growth.
- Dividend payments of 2,376,000,000 reduced retained earnings.
- Share repurchases of 2,558,000,000 reduced equity.
- New share issuances of 1,248,000,000 increased equity.
- Other factors increased equity by 1,104,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €5.83 Billion | +13.69% |
| Dividends Paid | €2.38 Billion | -5.58% |
| Share Repurchases | €2.56 Billion | -6.0% |
| Share Issuances | €1.25 Billion | +2.93% |
| Other Changes | €1.10 Billion | +2.59% |
| Total Change | €- | 8.26% |
Book Value vs Market Value Analysis
This analysis compares NATWEST GROUP SP.ADR/2's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.48x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.49x to 2.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | €3.78 | €13.20 | x |
| 2023-12-31 | €4.23 | €13.20 | x |
| 2024-12-31 | €4.89 | €13.20 | x |
| 2025-12-31 | €5.33 | €13.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NATWEST GROUP SP.ADR/2 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.69%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.11%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 16.77x
- Recent ROE (13.69%) is above the historical average (12.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 9.84% | 26.88% | 0.02x | 19.73x | €-59.80 Million |
| 2023 | 12.48% | 31.36% | 0.02x | 18.64x | €920.30 Million |
| 2024 | 12.20% | 32.77% | 0.02x | 17.99x | €867.00 Million |
| 2025 | 13.69% | 35.11% | 0.02x | 16.77x | €1.57 Billion |
Industry Comparison
This section compares NATWEST GROUP SP.ADR/2's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $4,520,924,426,200
- Average return on equity (ROE) among peers: 10.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NATWEST GROUP SP.ADR/2 (RYS) | €43.67 Billion | 9.84% | 16.17x | $50.04 Billion |
| Grupo Supervielle S.A (189A) | $35.68 Billion | 9.81% | 5.99x | $590.94 Million |
| WOORI FIN. GRP SP.ADR/3 (2WGA) | $33.40 Trillion | 7.50% | 13.91x | $11.06 Billion |
| Bank of Zhengzhou Co. Ltd (3BZ) | $56.85 Billion | 3.33% | 12.08x | $243.30 Million |
| Manx Financial Group PLC (3IM) | $37.31 Million | 21.71% | 12.34x | $36.64 Million |
| Postal Savings Bank of China Co Ltd (3YB) | $475.31 Billion | 11.01% | 19.02x | $13.01 Billion |
| PO.S.B.O. UNSP.ADRS/20YC1 (3YB0) | $825.81 Billion | 10.32% | 16.03x | $13.93 Billion |
| TISCO Financial Group Public Company Limited (47TA) | $37.83 Billion | 18.55% | 7.00x | $2.34 Billion |
| Bank of Qingdao Co. Ltd (4BQ) | $30.48 Billion | 7.50% | 11.26x | $1.28 Billion |
| Harbin Bank Co. Ltd (5H6) | $47.49 Billion | 11.68% | 11.96x | $123.72 Million |
| JAPAN POST BK UNSP.ADR/1 (5JP0) | $10.30 Trillion | 3.45% | 21.61x | $53.42 Billion |
About NATWEST GROUP SP.ADR/2
NatWest Group plc, together with its subsidiaries, provides banking and financial products and services in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, Commercial & Institutional segments. The Retail Banking segment offers a range of banking products and related financial services, such as current accounts, mortgages, personal unsecured lending, and… Read more