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National Australia Bank Limited NAB.AX

AU · Australian Securities Exchange · XASX · stock · Financial Services · website

National Australia Bank Limited statistics & valuation

Market capA$120.9B
P / E19.7×
P / S5.4×
P / B1.9×
Dividend yield3.36%
Net margin27.6%
Return on equity9.8%
FCF margin-12.9%
Net debtA$148.0B
Enterprise value USD$182.1B
Graham number -22.8%A$30.01

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (A$30.01); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
37.60% 35.90% 33.70% 27.60% 2022202320242026
Gross margin (%)
2022202320242026
Operating margin (%)
2022202320242026
Return on equity (%)
11.70% 12.10% 11.30% 9.80% 2022202320242026
Shares outstanding
3.11B 3.11B 3.11B 3.11B 2022202320242026
Net debt (A$)
A$47.20B A$77.59B A$101.36B A$147.98B 2022202320242026
Share buybacks (A$)
A$4.42B A$1.62B A$2.61B A$2.06B 2022202320242026
Return on assets (%)
0.70% 0.70% 0.60% 0.50% 2022202320242026
Free cash flow margin (%)
148.10% -135.20% -180.40% -12.90% 2022202320242026
Debt / equity (×)
3.25× 3.23× 3.49× 3.56× 2022202320242026
EPS (A$)
A$2.29 A$2.23 A$1.99 2022202320242026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2026FY2024FY2023FY2022
Net margin27.6%33.7%35.9%37.6%
FCF margin-12.9%-180.4%-135.2%148.1%
Return on assets0.5%0.6%0.7%0.7%
Return on equity9.8%11.3%12.1%11.7%

Computed from company filings · AU · as of 2026-09-30. Figures in AUD. Facts plus Stocktoria's own computed scores — not investment advice.