NatWest GroupMEX:NWGN 69 Net Margin % is 34.53% as of Mar. 2026, which is 21% above its 10-year median of 28.54. GuruFocus rates MEX:NWGN with a GF Score™ of 69/100 and a GF Value™ of MXN104.02 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,527 Banks companies, NatWest Group ranks better than 75.83% on this metric.
Net margin is calculated as Net Income divided by its Revenue. NatWest Group's Net Income for the
three
months ended in Mar. 2026 was MXN36,186 Mil. NatWest Group's Revenue for the
three
months ended in Mar. 2026 was MXN104,782 Mil. Therefore, NatWest Group's net margin for the quarter that ended in Mar. 2026 was 34.53%.
The historical rank and industry rank for NatWest Group's Net Margin % or its related term are showing as below:
MEX:NWGN'
s Net Margin % Range Over the Past 10 Years
Min: -42.52 Med: 28.54 Max: 35.32
Current: 35.32
MEX:NWGN's Net Margin % is ranked better than 75.83% of 1527
companies
in the Banks industry
Industry Median: 26.95
vs MEX:NWGN: 35.32
NatWest Group (MEX:NWGN) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
NatWest Group Net Margin % Related Terms
NatWest Group Net Margin % Historical Data
* Premium members only.
The historical data trend for NatWest Group's Net Margin % 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.
For the Banks - Regional subindustry, NatWest Group's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, NatWest Group's Net Margin % distribution charts can be found below:
* The bar in red indicates where NatWest Group's Net Margin % falls into.
* 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 (MEX:NWGN) has a Net Margin % of 34.53% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on NatWest Group and its competitors. This is 21% above median its historical median of 28.54. According to the industry distribution chart, NatWest Group ranks #369 out of 1527 companies in the Banks industry, placing it in the top 24.2%.
Is NatWest Group's Net Margin % too high?
NatWest Group's current Net Margin % of 34.53% is 21% above median its 10-year median of 28.54. The Banks industry median Net Margin % is 26.95. NatWest Group's value of 34.53% is 28.1% above this industry median. Based on the distribution chart, NatWest Group ranks #369 out of 1527 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, NatWest Group has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NatWest Group's Net Margin % compare to competitors?
According to the Banks industry distribution chart, NatWest Group ranks #369 out of 1527 companies for Net Margin %. This places NatWest Group in the top 24% of its industry — outperforming the majority of peers. The industry median Net Margin % is 26.95. NatWest Group's value of 34.53% is 28.1% above this benchmark. While the company's 10-year median is 28.54 vs. the industry median of 26.95, NatWest Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Banks company?
The median Net Margin % among Banks companies is 26.95, based on 1,527 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NatWest Group's current Net Margin % of 34.53% is 28.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on NatWest Group and its competitors. For the Banks industry, the median Net Margin % is 26.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NatWest Group's current Net Margin % is 34.53%, which is 21% above median its own 10-year median of 28.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NatWest Group stock overvalued right now?
Based on GuruFocus' analysis, NatWest Group (MEX:NWGN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN104.02, compared to a current price of MXN136.18 — trading 30.9% above its estimated fair value. The current Net Margin % is 34.53%, which is 21% above median its 10-year median of 28.54 and 28.1% above the Banks industry median of 26.95. NatWest Group's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For NatWest Group (MEX:NWGN), the current Net Margin % is 34.53% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NatWest Group (MEX:NWGN) Overvalued in 2026?
Based on GuruFocus' analysis, NatWest Group stock appears to be overvalued.
The current stock price of MXN136.18 is trading 30.9% above its estimated GF Value™ of MXN104.02.
GuruFocus considers NatWest Group to be Significantly Overvalued.
Key valuation signals for MEX:NWGN:
Net Margin %: 34.53% (21% above median its 10-year median of 28.54)
GF Value™: MXN104.02 vs. price of MXN136.18 (30.9% above fair value)
Industry Position: 28.1% above the Banks median (#369 of 1527)
No single metric tells the full story. See the MEX:NWGN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NatWest Group derives around 90% of its total income from the United Kingdom. The bank operates a retail, commercial, and private bank in the UK, offering clients lending and payment services as well as asset management services.
69GF Score
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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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