NatWest GroupLSE:90ID.PFD 76 ROE % is 13.96% as of Mar. 2026, which is 79% above its 10-year median of 7.78. GuruFocus rates LSE:90ID.PFD with a GF Score™ of 76/100. The stock has 4 warning signs investors should review. Among 1,523 Banks companies, NatWest Group ranks better than 76.23% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. NatWest Group's annualized net income for the quarter that ended in Mar. 2026 was £6,020.00 Mil. NatWest Group's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was £43,127.00 Mil. Therefore, NatWest Group's annualized ROE % for the quarter that ended in Mar. 2026 was 13.96%.
The historical rank and industry rank for NatWest Group's ROE % or its related term are showing as below:
LSE:90ID.PFD'
s ROE % Range Over the Past 10 Years
Min: -10.31 Med: 7.78 Max: 14.23
Current: 14.13
During the past 13 years, NatWest Group's highest ROE % was 14.23%. The lowest was -10.31%. And the median was 7.78%.
LSE:90ID.PFD's ROE % is ranked better than 76.23% of 1523
companies
in the Banks industry
Industry Median: 10.22
vs LSE:90ID.PFD: 14.13
NatWest Group (LSE:90ID.PFD) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
NatWest Group ROE % Related Terms
NatWest Group ROE % Historical Data
* Premium members only.
The historical data trend for NatWest Group's ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Banks Industry
For the Banks industry and Financial Services sector, NatWest Group's ROE % distribution charts can be found below:
* The bar in red indicates where NatWest Group's ROE % 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
NatWest Group (LSE:90ID.PFD) has a ROE % of 13.96% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on NatWest Group and its competitors. This is 79% above median its historical median of 7.78. According to the industry distribution chart, NatWest Group ranks #362 out of 1523 companies in the Banks industry, placing it in the top 23.8%.
Is NatWest Group's ROE % too high?
NatWest Group's current ROE % of 13.96% is 79% above median its 10-year median of 7.78. The Banks industry median ROE % is 10.22. NatWest Group's value of 13.96% is 36.6% above this industry median. Based on the distribution chart, NatWest Group ranks #362 out of 1523 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 76/100, reflecting its overall financial health beyond just this single metric.
How does NatWest Group's ROE % compare to competitors?
According to the Banks industry distribution chart, NatWest Group ranks #362 out of 1523 companies for ROE %. This places NatWest Group in the top 24% of its industry — outperforming the majority of peers. The industry median ROE % is 10.22. NatWest Group's value of 13.96% is 36.6% above this benchmark. While the company's 10-year median is 7.78 vs. the industry median of 10.22, 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 ROE % for a Banks company?
The median ROE % among Banks companies is 10.22, based on 1,523 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NatWest Group's current ROE % of 13.96% is 36.6% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on NatWest Group and its competitors. For the Banks industry, the median ROE % is 10.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NatWest Group's current ROE % is 13.96%, which is 79% above median its own 10-year median of 7.78. 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?
NatWest Group (LSE:90ID.PFD) has a current ROE % of 13.96%. The current ROE % is 13.96%, which is 79% above median its 10-year median of 7.78 and 36.6% above the Banks industry median of 10.22. NatWest Group's overall GF Score™ is 76/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For NatWest Group (LSE:90ID.PFD), the current ROE % is 13.96% 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.
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.
76GF Score
Get the complete analysis for LSE:90ID.PFD
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:90ID.PFD has been successfully added to your 
