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NWG (NatWest Group) Cyclically Adjusted PS Ratio : 3.50 (As of May. 23, 2025)


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What is NatWest Group Cyclically Adjusted PS Ratio?

As of today (2025-05-23), NatWest Group's current share price is $14.14. NatWest Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was $4.04. NatWest Group's Cyclically Adjusted PS Ratio for today is 3.50.

The historical rank and industry rank for NatWest Group's Cyclically Adjusted PS Ratio or its related term are showing as below:

NWG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.39   Med: 1.1   Max: 3.4
Current: 3.4

During the past years, NatWest Group's highest Cyclically Adjusted PS Ratio was 3.40. The lowest was 0.39. And the median was 1.10.

NWG's Cyclically Adjusted PS Ratio is ranked worse than
64.98% of 1242 companies
in the Banks industry
Industry Median: 2.74 vs NWG: 3.40

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

NatWest Group's adjusted revenue per share data for the three months ended in Mar. 2025 was $1.265. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $4.04 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


NatWest Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for NatWest Group's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NatWest Group Cyclically Adjusted PS Ratio Chart

NatWest Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.06 1.66 1.75 1.49 2.66

NatWest Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.81 2.11 2.32 2.66 2.96

Competitive Comparison of NatWest Group's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, NatWest Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NatWest Group's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, NatWest Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where NatWest Group's Cyclically Adjusted PS Ratio falls into.


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NatWest Group Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

NatWest Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.14/4.04
=3.50

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NatWest Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, NatWest Group's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.265/136.1000*136.1000
=1.265

Current CPI (Mar. 2025) = 136.1000.

NatWest Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 1.056 100.100 1.436
201509 0.906 100.200 1.231
201512 0.790 100.400 1.071
201603 0.810 100.400 1.098
201606 0.709 101.000 0.955
201609 0.796 101.500 1.067
201612 0.780 102.200 1.039
201703 0.725 102.700 0.961
201706 0.791 103.500 1.040
201709 0.866 104.300 1.130
201712 0.735 105.000 0.953
201803 0.827 105.100 1.071
201806 0.800 105.900 1.028
201809 0.845 106.600 1.079
201812 0.690 107.100 0.877
201903 0.713 107.000 0.907
201906 0.920 107.900 1.160
201909 0.639 108.400 0.802
201912 0.986 108.500 1.237
202003 0.702 108.600 0.880
202006 0.596 108.800 0.746
202009 0.554 109.200 0.690
202012 0.607 109.400 0.755
202103 0.637 109.700 0.790
202106 0.666 111.400 0.814
202109 0.690 112.400 0.835
202112 0.635 114.700 0.753
202203 0.754 116.500 0.881
202206 0.815 120.500 0.921
202209 0.743 122.300 0.827
202212 0.976 125.300 1.060
202303 0.971 126.800 1.042
202306 1.040 129.400 1.094
202309 0.977 130.100 1.022
202312 1.018 130.500 1.062
202403 1.000 131.600 1.034
202406 1.072 133.000 1.097
202409 1.183 133.500 1.206
202412 1.158 135.100 1.167
202503 1.265 136.100 1.265

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


NatWest Group  (NYSE:NWG) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


NatWest Group Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of NatWest Group's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


NatWest Group Business Description

Address
Gogarburn, P.O. Box 1000, Edinburgh, GBR, EH12 1HQ
NatWest Group derives around 90% of its total income from the United Kingdom. The bank operates a retail, commercial, and private bank in the U.K., offering clients lending and payment services as well as asset management services.