NatWest Group (NWG) vs Royal Bank Of Canada (RY)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Royal Bank Of Canada (RY) has outperformed NatWest Group (NWG) over the past year, gaining 31.1% versus a gain of 19.1%. Over five years, NWG leads with a +147.4% price change compared with +81.3% for RY. Royal Bank Of Canada is the larger company by market cap ($264.25 billion vs $67.80 billion), about 3.9 times the size.
On valuation, NatWest Group trades at a lower forward P/E (7.9x vs 15.2x for Royal Bank Of Canada). Royal Bank Of Canada offers the higher dividend yield (3.45% vs 2.04%).
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 | NWG | RY |
|---|---|---|
| Share price | $17.12 | $190.88 |
| Market cap | $67.80B | $264.25B |
| 1-day change | -0.78% | -0.18% |
| YTD return | -1.43% | +12.16% |
| 1-year return | +19.13% | +31.09% |
| 5-year return | +147.42% | +81.27% |
| P/E ratio (TTM) | 8.56 | 16.68 |
| Forward P/E | 7.93 | 15.18 |
| EPS (TTM) | $2.00 | $11.44 |
| Dividend yield | 2.04% | 3.45% |
| Annual dividend | $0.35 | $6.58 |
| 52-week high | $19.42 | $218.57 |
| 52-week low | $13.76 | $143.13 |
| Distance from 52-week high | -11.87% | -12.67% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +28.02% | +8.63% |
| Average volume | 3.53M | 1.24M |
| Shares outstanding | 3.96B | 1.38B |
| Employees | 59,000 | 101,269 |
| 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
- Royal Bank Of Canada is about 3.9 times larger than NatWest Group by market value ($264.25B vs $67.80B).
- RY has outperformed NWG by 12.0 percentage points over the past year.
- Royal Bank Of Canada trades at a higher earnings multiple (16.7x vs 8.6x trailing P/E).
- Royal Bank Of Canada offers a meaningfully higher dividend yield (3.45% vs 2.04%).
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
About Royal Bank Of Canada
RY stock →Royal Bank of Canada operates as a diversified financial service company worldwide. Its Personal Banking segment offers home equity financing, personal lending, chequing and savings accounts, private banking, auto financing, mutual funds, GICs, credit cards, and payment products and solutions.
Finance · Commercial Banks · 101,269 employees
NWG vs RY FAQ
Which is bigger, NatWest Group or Royal Bank Of Canada?
Royal Bank Of Canada (RY) is larger, with a market capitalization of $264.25B compared with $67.80B for NatWest Group (NWG).
Which stock has performed better over the past year, NWG or RY?
RY returned +31.09% over the past 12 months, compared with +19.13% for NWG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NWG or RY?
NWG has the lower trailing P/E at 8.6, versus 16.7 for RY. 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, NatWest Group or Royal Bank Of Canada?
Royal Bank Of Canada has the higher yield at 3.45%, compared with 2.04% for NatWest Group.
Are NatWest Group and Royal Bank Of Canada in the same industry?
Yes. Both are classified in the Commercial Banks industry within the Finance sector.