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National Australia Bank Ltd NAB Stock Quote

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Last close prices updated as of Jun 05, 2023, 12:23 PM EDT | AUD
  • Last Close 25.79
  • Sector Financial Services
  • Industry Banks - Diversified
  • Investment Style Large Value
  • Day Range 26.01  –  26.24
  • Year Range 25.43  –  32.83
  • Market Cap 81.7797 Bil
  • Volume / Avg 1.7 Mil /  6.4 Mil
  • Price / Sales 4.45
  • Price / Book 1.31
  • Forward Div Yield 6.44%
  • Trailing Div Yield 10.83%

Morningstar‘s Stock Analysis NAB

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


National Australia Bank Earnings: Profit Peaked, but Outlook Still Not So Bad

Nathan Zaia Senior Equity Analyst

Analyst Note

| Nathan Zaia |

We retain our AUD 30 fair value estimate on wide-moat-rated National Australia Bank after a solid first-half fiscal 2023 result. Cash profit increased 12.3% on the second half of 2022 to AUD 4.1 billion, with profit before bad debt expenses up an even more impressive 18.5%. The benefit of higher cash rates the key driver, evidenced by net interest margin, or NIM, of 1.77% in the half compared with a low point of 1.63% in first-half 2022. But, it appears margins peaked sooner and lower than we anticipated on intense competition to retain home loan customers and customer deposit competition. The business and private banking division delivered much better margin expansion than the retail bank, testament to National Australia Bank’s market position as major bank peers have been vocal about growing in this part of the market. The technology and banker investments, plus long-standing relationships, working in the bank's favour.

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Key Statistics NAB

Company Profile NAB

Business Description

National Australia Bank is the most business-focused of the four major banks, holding the largest share of business loans and the number-three spot in home loans. National Australia Bank is currently the third-largest bank by market capitalisation, with the franchise covering consumer, small business, corporate, and institutional sectors. Under the UBank brand the bank also owns one of Australia’s largest digital-only banks. Offshore operations in New Zealand round out the group.

395 Bourke Street, Level 28
Melbourne, VIC, 3000, AUS
Industry Banks - Diversified
Employees 37,346

Related Articles NAB

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of NAB’s competitive advantage.

National Australia Bank Ltd


ANZ Group Holdings Ltd


Commonwealth Bank of Australia


Westpac Banking Corp

+$0.34 (1.32%) +$0.39 (1.69%) +$0.82 (0.85%) +$0.27 (1.31%)
Market Cap
81.78 Bil69.40 Bil164.84 Bil72.91 Bil
Banks - Diversified Banks - Diversified Banks - Diversified Banks - Diversified
Financial Services
Financial Services
Financial Services
Financial Services

* Trading data in this section is delayed by at least 15 minutes.

FAQs for National Australia Bank Ltd Stock

Yes. NAB has a forward dividend yield of 6.44%. See NAB’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

NAB’s market cap is 81.78 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

NAB’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

NAB’s price/sales is 4.45.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

NAB’s price/forward earnings is 11.37.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

NAB’s price/book is 1.31.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See NAB’s valuation ratios compared to the Market Index.

NAB’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare NAB’s historical performance against its industry peers and the overall market.