Lloyds Banking Group Plc (LYG) vs NatWest Group (NWG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Lloyds Banking Group Plc (LYG) has outperformed NatWest Group (NWG) over the past year, gaining 16.2% versus a gain of 16.1%. Over five years, NWG leads with a +146.0% price change compared with +100.7% for LYG. Lloyds Banking Group Plc is the larger company by market cap ($77.68 billion vs $67.86 billion), about 1.1 times the size.
On valuation, NatWest Group trades at a lower forward P/E (7.9x vs 8.4x for Lloyds Banking Group Plc). NatWest Group offers the higher dividend yield (2.04% vs 0.74%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | LYG | NWG |
|---|---|---|
| Share price | $5.41 | $17.13 |
| Market cap | $77.68B | $67.86B |
| 1-day change | +0.56% | -0.12% |
| YTD return | +1.51% | -2.00% |
| 1-year return | +16.20% | +16.11% |
| 5-year return | +100.75% | +145.98% |
| P/E ratio (TTM) | 12.58 | 8.57 |
| Forward P/E | 8.42 | 7.94 |
| EPS (TTM) | $0.43 | $2.00 |
| Dividend yield | 0.74% | 2.04% |
| Annual dividend | $0.04 | $0.35 |
| 52-week high | $6.34 | $19.42 |
| 52-week low | $4.42 | $13.76 |
| Distance from 52-week high | -14.67% | -11.79% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +21.63% | +27.90% |
| Average volume | 14.57M | 3.57M |
| Shares outstanding | 14.36B | 3.96B |
| Employees | 60,061 | 59,000 |
| Sector | Finance | Finance |
| Industry | Commercial Banks | Commercial Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Lloyds Banking Group Plc trades at a higher earnings multiple (12.6x vs 8.6x trailing P/E).
- NatWest Group offers a meaningfully higher dividend yield (2.04% vs 0.74%).
About Lloyds Banking Group Plc
LYG stock →Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial products and services for retail and commercial customers in the United Kingdom. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments.
Finance · Commercial Banks · 60,061 employees
About NatWest Group
NWG stock →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.
Finance · Commercial Banks · 59,000 employees
LYG vs NWG FAQ
Which is bigger, Lloyds Banking Group Plc or NatWest Group?
Lloyds Banking Group Plc (LYG) is larger, with a market capitalization of $77.68B compared with $67.86B for NatWest Group (NWG).
Which stock has performed better over the past year, LYG or NWG?
LYG returned +16.20% over the past 12 months, compared with +16.11% for NWG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, LYG or NWG?
NWG has the lower trailing P/E at 8.6, versus 12.6 for LYG. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Lloyds Banking Group Plc or NatWest Group?
NatWest Group has the higher yield at 2.04%, compared with 0.74% for Lloyds Banking Group Plc.
Are Lloyds Banking Group Plc and NatWest Group in the same industry?
Yes. Both are classified in the Commercial Banks industry within the Finance sector.