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NatWest Group vs The Charles Schwab: Which Stock Looks Stronger in 2026?

The Charles Schwab holds the cleaner structural position, with profitability as the main driver and valuation adding further support. NatWest still leads on growth and valuation, which keeps the comparison from looking entirely one-sided. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (NWG.L: STOXX 600, SCHW: S&P 500).

Updated 2026-05-17

The comparison is mainly decided in profitability, with the rest of the profile carrying less weight. The overall score gap is 8 points in favour of The Charles Schwab Corporation.

Trajectory Similarity
0.81
Similar
Peer-set rank: #50
within NatWest Group plc's functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

This level of similarity signals a strong structural match, even though some dimensions still separate the two companies.

Most of the shared profile comes through margin consistency and recent revenue growth.

Similarity drivers
margin consistencyrecent revenue growth
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
NWG.L
NatWest Group plc
68
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600
vs
SCHW
The Charles Schwab Corporation
76
Peer-Score
Signal qualitylow
Peer basis: S&P 500

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The clearest separation appears in profitability.

Dimension spread: NWG.L vs SCHW Profitability 53 100 Stability 41 54 Valuation 87 68 Growth 88 75 NWG.L SCHW
Gap Ranking
#1 Profitability +47
#2 Valuation +19
#3 Growth +13
#4 Stability +13
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for NWG.L and SCHW Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer NWG.LSCHW Relative valuation Structural strength

The Charles Schwab Corporation occupies the cheaper side of the setup map, although NatWest Group plc still holds the stronger structural profile.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Profitability
Both profiles are strong on profitability, but The Charles Schwab Corporation leads clearly.
Valuation
On valuation, the same pattern holds: both rank well, but NatWest Group plc still sits higher.
Profitability — Dominant Gap
NWG.L
53
SCHW
100
Gap+47in favour of SCHW

Return on equity adds support too, with a 5-point advantage.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for NatWest, with a forward P/E that is 5.9 turns lower there.

What this means for the comparison

The profitability lead is clear, but pricing and valuation still pull in the other direction — the result holds, but not without friction.

Explore full peer positioning in AssetNext

Break down the NWG.L vs SCHW comparison across all dimensions with the full interactive tool.

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Similar profitability-driven comparisons

Explore how NWG.L and SCHW each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.