Sifting through countless of stocks in the Banks industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Shinhan Financial Group Co., Ltd. or NatWest Group plc because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Shinhan Financial Group Co., Ltd. and NatWest Group plc compare based on key financial metrics to determine which better meets your investment needs.

About Shinhan Financial Group Co., Ltd. and NatWest Group plc

Shinhan Financial Group Co., Ltd. provides financial products and services in South Korea and internationally. The company operates in six segments: Commercial Banking, Credit Card, Securities, Insurance, Credit, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services. The company also provides corporate banking services, such as investment banking, real estate financing, overseas real estate and development project financing, infrastructure and structured financing, equity/venture investments, and mergers and acquisitions consulting; securitization and derivatives services comprising securities and derivative products, and foreign exchange trading; business expansion financing and consulting services; and working capital loans and facilities loans. In addition, it is involved in treasury and investment activities in international capital markets consisting of foreign currency-denominated securities trading, foreign exchange trading and services, trade-related financial services, international factoring services, and foreign banking operations. Further, the company offers real estate trust, investment advisory, venture business investment, life and non-life insurance, trust account management, securities brokerage, and asset management services. Additionally, it provides transaction history inquiries and fund transfers, opening letters of credit, trade finance, payment and collection management, sales and acquisition settlement, business-to-business settlement, sweeping, pooling, ERP interface, host-to-host banking, SWIFT SCORE, and cash and liquidity management service. The company was founded in 1982 and is headquartered in Seoul, South Korea.

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, Commercial & Institutional segments. The Retail Banking segment offers a range of banking products and related financial services, such as current accounts, mortgages, personal unsecured lending, and personal deposits, as well as mobile and online banking services. The Private Banking segment provides banking, lending, and wealth management products for high-net-worth individuals and their business interests. The Commercial & Institutional segment consists of customer businesses under business banking, commercial mid-market, and corporates and institutions; and offers banking operations services in the Channel Islands, Isle of Man, Gibraltar, and Luxembourg, as well as products and solutions for businesses comprising start-ups, corporates, and large institutions. The company was formerly known as The Royal Bank of Scotland Group plc and changed its name to NatWest Group plc in July 2020. NatWest Group plc was founded in 1727 and is headquartered in Edinburgh, the United Kingdom.

Latest Banks and Shinhan Financial Group Co., Ltd., NatWest Group plc Stock News

As of January 16, 2026, Shinhan Financial Group Co., Ltd. had a $25.9 billion market capitalization, compared to the Banks median of $516.4 million. Shinhan Financial Group Co., Ltd.’s stock is up 0.4% in 2026, down 0.2% in the previous five trading days and up 52.46% in the past year.

Currently, Shinhan Financial Group Co., Ltd.’s price-earnings ratio is 8.0. Shinhan Financial Group Co., Ltd.’s trailing 12-month revenue is $10.7 billion with a 32.3% net profit margin. Year-over-year quarterly sales growth most recently was -3.3%. Analysts expect adjusted earnings to reach $7.226 per share for the current fiscal year. Shinhan Financial Group Co., Ltd. currently has a 2.9% dividend yield.

As of January 16, 2026, NatWest Group plc had a $69.8 billion market cap, putting it in the 95th percentile of all stocks. NatWest Group plc’s stock is up 0.1% in 2026, up 1.5% in the previous five trading days and up 73.64% in the past year.

Currently, NatWest Group plc’s price-earnings ratio is 20.2. NatWest Group plc’s trailing 12-month revenue is $20.9 billion with a 36.6% net profit margin. Year-over-year quarterly sales growth most recently was 19.8%. There are no analysts providing consensus earnings estimates for the current fiscal year. NatWest Group plc currently has a 2.9% dividend yield.

How We Compare Shinhan Financial Group Co., Ltd. and NatWest Group plc Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Shinhan Financial Group Co., Ltd. and NatWest Group plc’s stock grades to see how they measure up against one another.

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Shinhan Financial Group Co., Ltd. and NatWest Group plc Stock Value Grades

Company	Ticker	Value
Shinhan Financial Group Co., Ltd.	SHG	A
NatWest Group plc	NWG	D

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Shinhan Financial Group Co., Ltd. has a Value Score of 100, which is Deep Value. NatWest Group plc has a Value Score of 40, which is Expensive.

The Value Stock Winner: Shinhan Financial Group Co., Ltd.

As you can clearly see from the Value Grade breakdown above, Shinhan Financial Group Co., Ltd. is considered to have better value than NatWest Group plc. For investors who focus solely on a company’s valuation, Shinhan Financial Group Co., Ltd. could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Shinhan Financial Group Co., Ltd. and NatWest Group plc’s Quality Grades

Company	Ticker	Quality
Shinhan Financial Group Co., Ltd.	SHG	D
NatWest Group plc	NWG	D

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

Shinhan Financial Group Co., Ltd. has a Quality Score of 25, which is Weak. NatWest Group plc has a Quality Score of 36, which is Weak.

The Quality Stock Winner: No Clear Winner

Neither Shinhan Financial Group Co., Ltd. or NatWest Group plc has a high enough Quality Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Shinhan Financial Group Co., Ltd. or NatWest Group plc is the better investment when it comes to quality.

Shinhan Financial Group Co., Ltd. and NatWest Group plc’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Shinhan Financial Group Co., Ltd.	SHG	D
NatWest Group plc	NWG	na

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Shinhan Financial Group Co., Ltd. has a Earnings Estimate Score of 26, which is Negative. NatWest Group plc does not have a meaningful Earnings Estimate Score.

The Earnings Estimate Revisions Stock Winner: No Clear Winner

Neither Shinhan Financial Group Co., Ltd. or NatWest Group plc has an Earnings Estimate Revisions Grade that could be considered a “winner.” Investors considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Shinhan Financial Group Co., Ltd. or NatWest Group plc is the better investment when it comes to estimate revisions.

Other Shinhan Financial Group Co., Ltd. and NatWest Group plc Grades

In addition to Estimate Revisions, Value and Quality, A+ Investor also provides grades for Growth and Momentum.

Momentum grades help uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming.

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Shinhan Financial Group Co., Ltd. and NatWest Group plc pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Shinhan Financial Group Co., Ltd. or NatWest Group plc Stock?

Overall, Shinhan Financial Group Co., Ltd. stock has a Value Score of 100, Estimate Revisions Score of 26 and Quality Score of 25.

NatWest Group plc stock has a Value Score of 40, Estimate Revisions Score of and Quality Score of 36.

Comparing Shinhan Financial Group Co., Ltd. and NatWest Group plc’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.