Natwest Group PLC (NWG) - Net Assets
Based on the latest financial reports, Natwest Group PLC (NWG) has net assets worth $43.83 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($745.37 Billion) and total liabilities ($701.54 Billion). 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 NWG strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $43.83 Billion |
| % of Total Assets | 5.88% |
| Annual Growth Rate | 2.66% |
| 5-Year Change | -94.49% |
| 10-Year Change | -13.75% |
| Growth Volatility | 233.57 |
Natwest Group PLC - Net Assets Trend (1985–2025)
This chart illustrates how Natwest Group PLC's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Natwest Group PLC (NWG) market capitalisation.
Annual Net Assets for Natwest Group PLC (1985–2025)
The table below shows the annual net assets of Natwest Group PLC from 1985 to 2025. Also explore Natwest Group PLC equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $42.61 Billion | +8.22% |
| 2024-12-31 | $39.38 Billion | +5.89% |
| 2023-12-31 | $37.19 Billion | +1.90% |
| 2022-12-31 | $36.50 Billion | -95.28% |
| 2021-12-31 | $773.56 Billion | -2.02% |
| 2020-12-31 | $789.53 Billion | +10.72% |
| 2019-12-31 | $713.06 Billion | +1433.79% |
| 2018-12-31 | $46.49 Billion | -5.30% |
| 2017-12-31 | $49.09 Billion | -0.63% |
| 2016-12-31 | $49.40 Billion | -8.76% |
| 2015-12-31 | $54.15 Billion | -10.04% |
| 2014-12-31 | $60.19 Billion | +1.65% |
| 2013-12-31 | $59.22 Billion | -15.95% |
| 2012-12-31 | $70.45 Billion | -7.37% |
| 2011-12-31 | $76.05 Billion | -1.04% |
| 2010-12-31 | $76.85 Billion | -18.79% |
| 2009-12-31 | $94.63 Billion | +47.14% |
| 2008-12-31 | $64.31 Billion | -29.65% |
| 2007-12-31 | $91.43 Billion | +100.98% |
| 2006-12-31 | $45.49 Billion | +21.16% |
| 2005-12-31 | $37.54 Billion | +0.39% |
| 2004-12-31 | $37.40 Billion | +44.46% |
| 2003-12-31 | $25.89 Billion | -10.39% |
| 2002-12-31 | $28.89 Billion | -91.82% |
| 2001-12-31 | $353.17 Billion | +14.09% |
| 2000-12-31 | $309.57 Billion | +260.72% |
| 1999-12-31 | $85.82 Billion | +11.36% |
| 1998-12-31 | $77.06 Billion | +10.01% |
| 1997-12-31 | $70.05 Billion | +19.00% |
| 1996-12-31 | $58.87 Billion | +19.07% |
| 1995-12-31 | $49.44 Billion | +13.33% |
| 1994-12-31 | $43.62 Billion | +21.39% |
| 1993-12-31 | $35.93 Billion | +4.34% |
| 1992-12-31 | $34.44 Billion | +7.43% |
| 1991-12-31 | $32.06 Billion | +6.96% |
| 1990-12-31 | $29.97 Billion | +9.74% |
| 1989-12-31 | $27.31 Billion | +26.82% |
| 1988-12-31 | $21.53 Billion | +44.36% |
| 1985-12-31 | $14.92 Billion | -- |
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 1441900000000.0% 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% |
| Common Stock | $10.02 Billion | 23.52% |
| Other Comprehensive Income | $18.88 Billion | 44.31% |
| Total Equity | $42.60 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 |
|---|---|
|
Manulife Financial Corp
TO:MFC
|
$74.26 Billion |
|
Eni SpA ADR
NYSE:E
|
$74.54 Billion |
|
Infineon Technologies AG
F:IFXA
|
$74.72 Billion |
|
Norfolk Southern Corporation
NYSE:NSC
|
$74.82 Billion |
|
China Petroleum & Chemical Corp Class A
SHG:600028
|
$74.06 Billion |
|
NetEase Inc
NASDAQ:NTES
|
$74.03 Billion |
|
United Parcel Service Inc
NYSE:UPS
|
$74.01 Billion |
|
Canadian National Railway Co
TO:CNR
|
$74.01 Billion |
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 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 comprehensive income increased equity by 217,000,000.
- Other factors increased equity by 887,000,000.
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 Comprehensive Income | $217.00 Million | +0.51% |
| Other Changes | $887.00 Million | +2.08% |
| Total Change | $- | 8.26% |
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: 0.89x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 58.11x to 0.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.32 | $18.62 | x |
| 1986-12-31 | $0.35 | $18.62 | x |
| 1987-12-31 | $0.38 | $18.62 | x |
| 1988-12-31 | $0.46 | $18.62 | x |
| 1989-12-31 | $0.51 | $18.62 | x |
| 1990-12-31 | $0.55 | $18.62 | x |
| 1991-12-31 | $0.58 | $18.62 | x |
| 1992-12-31 | $0.64 | $18.62 | x |
| 1993-12-31 | $0.68 | $18.62 | x |
| 1994-12-31 | $0.69 | $18.62 | x |
| 1995-12-31 | $0.79 | $18.62 | x |
| 1996-12-31 | $0.91 | $18.62 | x |
| 1997-12-31 | $1.11 | $18.62 | x |
| 1998-12-31 | $1.07 | $18.62 | x |
| 1999-12-31 | $1.53 | $18.62 | x |
| 2000-12-31 | $8.41 | $18.62 | x |
| 2001-12-31 | $10.04 | $18.62 | x |
| 2002-12-31 | $9.84 | $18.62 | x |
| 2003-12-31 | $8.43 | $18.62 | x |
| 2004-12-31 | $12.33 | $18.62 | x |
| 2005-12-31 | $12.89 | $18.62 | x |
| 2006-12-31 | $14.63 | $18.62 | x |
| 2007-12-31 | $19.29 | $18.62 | x |
| 2008-12-31 | $21.41 | $18.62 | x |
| 2009-12-31 | $28.27 | $18.62 | x |
| 2010-12-31 | $30.18 | $18.62 | x |
| 2011-12-31 | $29.78 | $18.62 | x |
| 2012-12-31 | $26.42 | $18.62 | x |
| 2013-12-31 | $22.60 | $18.62 | x |
| 2014-12-31 | $21.54 | $18.62 | x |
| 2015-12-31 | $19.88 | $18.62 | x |
| 2016-12-31 | $17.83 | $18.62 | x |
| 2017-12-31 | $17.44 | $18.62 | x |
| 2018-12-31 | $16.34 | $18.62 | x |
| 2019-12-31 | $63.45 | $18.62 | x |
| 2020-12-31 | $70.30 | $18.62 | x |
| 2021-12-31 | $76.87 | $18.62 | x |
| 2022-12-31 | $3.68 | $18.62 | x |
| 2023-12-31 | $16.12 | $18.62 | x |
| 2024-12-31 | $18.48 | $18.62 | x |
| 2025-12-31 | $20.97 | $18.62 | 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): 13.69%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.78%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 16.77x
- Recent ROE (13.69%) is above the historical average (6.55%), 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 | $87.23 Million |
| 1990 | 17.39% | 0.00% | 0.00x | 19.97x | $111.46 Million |
| 1991 | 3.60% | 0.00% | 0.00x | 20.09x | $-102.45 Million |
| 1992 | 1.44% | 0.00% | 0.00x | 19.64x | $-150.72 Million |
| 1993 | 9.36% | 0.00% | 0.00x | 19.90x | $-12.10 Million |
| 1994 | 20.22% | 0.00% | 0.00x | 23.91x | $193.60 Million |
| 1995 | 18.41% | 0.00% | 0.00x | 23.69x | $181.80 Million |
| 1996 | 19.78% | 0.00% | 0.00x | 24.37x | $245.20 Million |
| 1997 | 16.78% | 0.00% | 0.00x | 23.88x | $206.00 Million |
| 1998 | 23.55% | 0.00% | 0.00x | 27.00x | $399.90 Million |
| 1999 | 20.38% | 0.00% | 0.00x | 21.16x | $436.00 Million |
| 2000 | 9.38% | 11.46% | 0.06x | 13.84x | $-142.60 Million |
| 2001 | 9.50% | 11.86% | 0.06x | 13.35x | $-137.00 Million |
| 2002 | 11.36% | 13.65% | 0.05x | 16.30x | $368.80 Million |
| 2003 | 17.17% | 15.93% | 0.05x | 19.61x | $1.66 Billion |
| 2004 | 15.08% | 16.25% | 0.05x | 17.35x | $1.72 Billion |
| 2005 | 15.52% | 14.63% | 0.05x | 21.92x | $1.96 Billion |
| 2006 | 15.89% | 15.30% | 0.05x | 21.66x | $2.37 Billion |
| 2007 | 14.23% | 15.19% | 0.03x | 34.71x | $2.25 Billion |
| 2008 | -40.27% | -52.32% | 0.02x | 37.68x | $-29.60 Billion |
| 2009 | -3.44% | -6.40% | 0.02x | 21.82x | $-10.45 Billion |
| 2010 | -1.33% | -2.90% | 0.02x | 19.35x | $-8.51 Billion |
| 2011 | -2.87% | -6.80% | 0.02x | 20.14x | $-9.63 Billion |
| 2012 | -8.45% | -27.56% | 0.02x | 19.26x | $-12.57 Billion |
| 2013 | -14.64% | -40.00% | 0.02x | 17.50x | $-14.47 Billion |
| 2014 | -4.84% | -14.99% | 0.02x | 18.36x | $-8.50 Billion |
| 2015 | -2.98% | -9.91% | 0.02x | 15.26x | $-6.94 Billion |
| 2016 | -10.82% | -35.25% | 0.02x | 16.43x | $-10.12 Billion |
| 2017 | 3.05% | 9.98% | 0.02x | 15.27x | $-3.36 Billion |
| 2018 | 4.72% | 13.72% | 0.02x | 15.18x | $-2.41 Billion |
| 2019 | 0.50% | 23.52% | 0.02x | 1.01x | $-67.77 Billion |
| 2020 | -0.05% | -2.84% | 0.02x | 1.01x | $-79.32 Billion |
| 2021 | 0.42% | 27.15% | 0.02x | 1.01x | $-74.09 Billion |
| 2022 | 9.83% | 22.23% | 0.02x | 19.73x | $-60.60 Million |
| 2023 | 12.48% | 18.72% | 0.04x | 18.64x | $920.30 Million |
| 2024 | 12.20% | 16.81% | 0.04x | 17.99x | $867.00 Million |
| 2025 | 13.69% | 19.78% | 0.04x | 16.77x | $1.57 Billion |
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: $574,041,500
- Average return on equity (ROE) among peers: 7.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Natwest Group PLC (NWG) | $43.83 Billion | 16.19% | 16.01x | $74.11 Billion |
| Ameris Bancorp (ABCB) | $141.98 Million | 7.29% | 7.40x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $804.48 Million | 9.14% | 8.77x | $5.62 Billion |
| ACNB Corporation (ACNB) | $61.12 Million | 12.64% | 7.91x | $656.47 Million |
| Affinity Bancshares Inc (AFBI) | $45.08 Million | 2.57% | 4.16x | $140.18 Million |
| Alerus Financial Corp (ALRS) | $182.82 Million | 9.36% | 8.54x | $822.80 Million |
| Amalgamated Bank (AMAL) | $439.37 Million | 10.16% | 9.66x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $747.42 Million | 6.13% | 9.87x | $979.96 Million |
| Arrow Financial Corporation (AROW) | $334.39 Million | 12.21% | 10.03x | $708.35 Million |
| Associated Banc-Corp (ASB) | $2.88 Billion | 5.86% | 7.41x | $5.62 Billion |
| AmeriServ Financial Inc (ASRV) | $107.25 Million | 3.36% | 12.26x | $78.95 Million |
About Natwest Group PLC
NatWest Group plc, together with its subsidiaries, provides banking and financial products and services in the United Kingdom and internationally. It operates through the Retail Banking, Private Banking, and Commercial & Institutional segments. The Retail Banking segment offers a range of banking products and related financial services, such as current accounts, mortgages, personal unsecured lend… Read more