NatWest Group PLC (NWG) - Net Assets

Latest as of September 2025: GBX42.38 Billion GBX ≈ $5.16 Million USD

Based on the latest financial reports, NatWest Group PLC (NWG) has net assets worth GBX42.38 Billion GBX (≈ $5.16 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX725.63 Billion ≈ $88.29 Million USD) and total liabilities (GBX683.25 Billion ≈ $83.13 Million 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. Check financial resilience of NatWest Group PLC to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX42.38 Billion
% of Total Assets 5.84%
Annual Growth Rate 2.5%
5-Year Change -10.15%
10-Year Change -27.28%
Growth Volatility 49.89

NatWest Group PLC - Net Assets Trend (1985–2024)

This chart illustrates how NatWest Group PLC's net assets have evolved over time, based on quarterly financial data. Also explore NWG current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for NatWest Group PLC (1985–2024)

The table below shows the annual net assets of NatWest Group PLC from 1985 to 2024. For live valuation and market cap data, see NatWest Group PLC market capitalisation.

Year Net Assets Change
2024-12-31 GBX39.38 Billion
≈ $4.79 Million		 +5.89%
2023-12-31 GBX37.19 Billion
≈ $4.52 Million		 +1.90%
2022-12-31 GBX36.50 Billion
≈ $4.44 Million		 -12.70%
2021-12-31 GBX41.80 Billion
≈ $5.09 Million		 -4.61%
2020-12-31 GBX43.82 Billion
≈ $5.33 Million		 +0.62%
2019-12-31 GBX43.56 Billion
≈ $5.30 Million		 -6.31%
2018-12-31 GBX46.49 Billion
≈ $5.66 Million		 -5.30%
2017-12-31 GBX49.09 Billion
≈ $5.97 Million		 -0.63%
2016-12-31 GBX49.40 Billion
≈ $6.01 Million		 -8.76%
2015-12-31 GBX54.15 Billion
≈ $6.59 Million		 -10.04%
2014-12-31 GBX60.19 Billion
≈ $7.32 Million		 +1.65%
2013-12-31 GBX59.22 Billion
≈ $7.20 Million		 -15.95%
2012-12-31 GBX70.45 Billion
≈ $8.57 Million		 -7.37%
2011-12-31 GBX76.05 Billion
≈ $9.25 Million		 -1.04%
2010-12-31 GBX76.85 Billion
≈ $9.35 Million		 -18.79%
2009-12-31 GBX94.63 Billion
≈ $11.51 Million		 +47.14%
2008-12-31 GBX64.31 Billion
≈ $7.83 Million		 -29.65%
2007-12-31 GBX91.43 Billion
≈ $11.12 Million		 +100.98%
2006-12-31 GBX45.49 Billion
≈ $5.53 Million		 +21.16%
2005-12-31 GBX37.54 Billion
≈ $4.57 Million		 +0.39%
2004-12-31 GBX37.40 Billion
≈ $4.55 Million		 +44.46%
2003-12-31 GBX25.89 Billion
≈ $3.15 Million		 -10.39%
2002-12-31 GBX28.89 Billion
≈ $3.52 Million		 -91.82%
2001-12-31 GBX353.17 Billion
≈ $42.97 Million		 +14.09%
2000-12-31 GBX309.57 Billion
≈ $37.67 Million		 +260.72%
1999-09-30 GBX85.82 Billion
≈ $10.44 Million		 +11.36%
1998-09-30 GBX77.06 Billion
≈ $9.38 Million		 +10.01%
1997-09-30 GBX70.05 Billion
≈ $8.52 Million		 +19.00%
1996-09-30 GBX58.87 Billion
≈ $7.16 Million		 +19.07%
1995-09-30 GBX49.44 Billion
≈ $6.02 Million		 +13.33%
1994-09-30 GBX43.62 Billion
≈ $5.31 Million		 +21.39%
1993-09-30 GBX35.93 Billion
≈ $4.37 Million		 +4.34%
1992-09-30 GBX34.44 Billion
≈ $4.19 Million		 +7.43%
1991-09-30 GBX32.06 Billion
≈ $3.90 Million		 +6.96%
1990-09-30 GBX29.97 Billion
≈ $3.65 Million		 +9.74%
1989-09-30 GBX27.31 Billion
≈ $3.32 Million		 +26.82%
1988-09-30 GBX21.53 Billion
≈ $2.62 Million		 +44.36%
1985-09-30 GBX14.92 Billion
≈ $1.81 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to NatWest Group PLC'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 1142600000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings GBX11.43 Billion 29.04%
Common Stock GBX10.13 Billion 25.75%
Other Comprehensive Income GBX18.66 Billion 47.42%
Total Equity GBX39.35 Billion 100.00%

NatWest Group PLC Competitors by Market Cap

The table below lists competitors of NatWest Group PLC ranked by their market capitalization.

Company Market Cap
Recticel
BR:RECT
 $549.03 Million
National Petroleum Co Ltd
TW:9937
 $549.14 Million
Anpec Electronics
TWO:6138
 $549.17 Million
Equasens S. A.
PA:EQS
 $549.40 Million
BW OFFSHORE LTD. DL 050
F:XY81
 $548.80 Million
Hyperliquid Strategies Inc Common Stock
NASDAQ:PURR
 $548.75 Million
Yingkou Fengguang Advanced Material Co.Ltd.
SHE:301100
 $548.74 Million
Universal Health Realty Income Trust
NYSE:UHT
 $548.70 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in NatWest Group PLC's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 37,157,000,000 to 39,350,000,000, a change of 2,193,000,000 (5.9%).
  • Net income of 4,802,000,000 contributed positively to equity growth.
  • Dividend payments of 1,800,000,000 reduced retained earnings.
  • Share repurchases of 2,716,000,000 reduced equity.
  • New share issuances of 1,390,000,000 increased equity.
  • Other comprehensive income increased equity by 2,488,000,000.
  • Other factors decreased equity by 1,971,000,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income GBX4.80 Billion +12.2%
Dividends Paid GBX1.80 Billion -4.57%
Share Repurchases GBX2.72 Billion -6.9%
Share Issuances GBX1.39 Billion +3.53%
Other Comprehensive Income GBX2.49 Billion +6.32%
Other Changes GBX-1.97 Billion -5.01%
Total Change GBX- 5.90%

Book Value vs Market Value Analysis

This analysis compares NatWest Group PLC'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: 122.41x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 7060.89x to 122.41x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1985-09-30 GBX0.08 GBX565.60 x
1986-09-30 GBX0.09 GBX565.60 x
1987-09-30 GBX0.10 GBX565.60 x
1988-09-30 GBX0.12 GBX565.60 x
1989-09-30 GBX0.13 GBX565.60 x
1990-09-30 GBX0.14 GBX565.60 x
1991-09-30 GBX0.15 GBX565.60 x
1992-09-30 GBX0.16 GBX565.60 x
1993-09-30 GBX0.17 GBX565.60 x
1994-09-30 GBX0.17 GBX565.60 x
1995-09-30 GBX0.20 GBX565.60 x
1996-09-30 GBX0.23 GBX565.60 x
1997-09-30 GBX0.28 GBX565.60 x
1998-09-30 GBX0.27 GBX565.60 x
1999-09-30 GBX0.38 GBX565.60 x
2000-12-31 GBX2.10 GBX565.60 x
2001-12-31 GBX2.51 GBX565.60 x
2002-12-31 GBX2.46 GBX565.60 x
2003-12-31 GBX2.11 GBX565.60 x
2004-12-31 GBX3.08 GBX565.60 x
2005-12-31 GBX3.22 GBX565.60 x
2006-12-31 GBX3.66 GBX565.60 x
2007-12-31 GBX4.82 GBX565.60 x
2008-12-31 GBX5.35 GBX565.60 x
2009-12-31 GBX7.07 GBX565.60 x
2010-12-31 GBX7.54 GBX565.60 x
2011-12-31 GBX7.45 GBX565.60 x
2012-12-31 GBX6.61 GBX565.60 x
2013-12-31 GBX5.59 GBX565.60 x
2014-12-31 GBX5.39 GBX565.60 x
2015-12-31 GBX4.97 GBX565.60 x
2016-12-31 GBX4.46 GBX565.60 x
2017-12-31 GBX4.36 GBX565.60 x
2018-12-31 GBX4.08 GBX565.60 x
2019-12-31 GBX3.88 GBX565.60 x
2020-12-31 GBX3.91 GBX565.60 x
2021-12-31 GBX3.86 GBX565.60 x
2022-12-31 GBX3.67 GBX565.60 x
2023-12-31 GBX4.03 GBX565.60 x
2024-12-31 GBX4.62 GBX565.60 x

Capital Efficiency Dashboard

This dashboard shows how efficiently NatWest Group PLC 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): 12.20%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 33.48%
  • • Asset Turnover: 0.02x
  • • Equity Multiplier: 17.99x
  • Recent ROE (12.20%) is above the historical average (6.73%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1989 16.19% 0.00% 0.00x 19.46x GBX87.23 Million
1990 17.39% 0.00% 0.00x 19.97x GBX111.46 Million
1991 3.60% 0.00% 0.00x 20.09x GBX-102.45 Million
1992 1.44% 0.00% 0.00x 19.64x GBX-150.72 Million
1993 9.36% 0.00% 0.00x 19.90x GBX-12.10 Million
1994 20.22% 0.00% 0.00x 23.91x GBX193.60 Million
1995 18.41% 0.00% 0.00x 23.69x GBX181.80 Million
1996 19.78% 0.00% 0.00x 24.37x GBX245.20 Million
1997 16.78% 0.00% 0.00x 23.88x GBX206.00 Million
1998 23.55% 0.00% 0.00x 27.00x GBX399.90 Million
1999 20.38% 0.00% 0.00x 21.16x GBX436.00 Million
2000 9.38% 11.46% 0.06x 13.84x GBX-142.60 Million
2001 9.50% 11.86% 0.06x 13.35x GBX-137.00 Million
2002 11.36% 13.65% 0.05x 16.30x GBX368.80 Million
2003 17.17% 20.63% 0.04x 19.61x GBX1.66 Billion
2004 15.08% 16.25% 0.05x 17.35x GBX1.72 Billion
2005 15.52% 19.92% 0.04x 21.92x GBX1.96 Billion
2006 15.89% 21.49% 0.03x 21.66x GBX2.37 Billion
2007 14.23% 23.36% 0.02x 34.71x GBX2.25 Billion
2008 -40.27% -111.66% 0.01x 37.68x GBX-29.60 Billion
2009 -3.31% -6.17% 0.02x 21.82x GBX-10.35 Billion
2010 -1.33% -2.90% 0.02x 19.35x GBX-8.51 Billion
2011 -2.87% -6.80% 0.02x 20.14x GBX-9.63 Billion
2012 -8.44% -27.55% 0.02x 19.26x GBX-12.56 Billion
2013 -14.64% -40.00% 0.02x 17.50x GBX-14.47 Billion
2014 -4.84% -14.99% 0.02x 18.36x GBX-8.50 Billion
2015 -2.98% -9.91% 0.02x 15.26x GBX-6.94 Billion
2016 -10.70% -34.86% 0.02x 16.43x GBX-10.06 Billion
2017 2.86% 9.35% 0.02x 15.27x GBX-3.45 Billion
2018 4.72% 13.72% 0.02x 15.18x GBX-2.41 Billion
2019 8.13% 23.52% 0.02x 16.60x GBX-815.70 Million
2020 -1.66% -9.46% 0.01x 18.23x GBX-5.11 Billion
2021 7.82% 27.82% 0.02x 18.71x GBX-911.60 Million
2022 9.84% 27.65% 0.02x 19.73x GBX-59.80 Million
2023 12.48% 32.71% 0.02x 18.64x GBX920.30 Million
2024 12.20% 33.48% 0.02x 17.99x GBX867.00 Million

Industry Comparison

This section compares NatWest Group PLC's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

  • Industry: Banks - Regional
  • Average net assets among peers: $215,774,789,729
  • Average return on equity (ROE) among peers: 10.96%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
NatWest Group PLC (NWG) GBX42.38 Billion 16.19% 16.12x $548.86 Million
Arbuthnot Banking Group Plc (ARBB) $21.85 Million 21.48% 6.37x $1.67 Million
Axis Bank Ltd GDR (AXB) $1.58 Trillion 16.75% 8.64x $410.15 Million
Lion Finance Group PLC (BGEO) $2.15 Billion 23.14% 7.63x $57.47 Million
Close Brothers Group plc (CBG) $1.30 Billion 15.52% 6.83x $8.09 Million
Halyk Bank of Kazakhstan Joint Stock Company (HSBK) $309.13 Billion 12.74% 6.36x $6.48 Billion
Lloyds Banking Group PLC (LLOY) $39.34 Billion -2.13% 20.41x $703.30 Million
Manx Financial Group Plc (MFX) $29.77 Million 14.55% 11.74x $403.91K
Metro Bank PLC (MTRO) $407.18 Million -12.08% 14.10x $12.19 Million
Nationwide Building Society (NBS) $14.36 Billion 8.72% 17.96x $1.19 Billion

About NatWest Group PLC

LSE:NWG UK Banks - Regional
Market Cap
$548.86 Million
GBX4.51 Trillion GBX
Market Cap Rank
#12042 Global
#46 in UK
Share Price
GBX565.60
Change (1 day)
-3.35%
52-Week Range
GBX473.80 - GBX694.20
All Time High
GBX694.20
Categories
Companies in UK Banks - Regional Banking & Financial
About

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