National Australia Bank (NAB.AX) Stock Price

National Australia Bank Price

ASX·CLOSED
38.34AUD+0.17 (+0.44 %)
Market closed

Over the last 19 years National Australia Bank grew revenue by 0.8% annually, reaching 24.88 B AUD. Earnings per share have declined at 0.9% per year over the last 19 years. For National Australia Bank, the net margin of 27.2% is down versus 37.4% a few years ago. At today's price the dividend yield works out to roughly 6.33%. The payout ratio is around 113% of earnings. The dividend has grown at 0.3% per year over the past 19 years. The consensus 12-month price target for National Australia Bank is 43.46 AUD, about 13.3% above where the stock trades today. Of 20 analysts, 4 rate the stock a buy — an overall Sell consensus. The stock trades about 7% above its 52-week low.

National Australia Bank stock price

Volume
Ex-Dividend
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of National Australia Bank over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how National Australia Bank stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing National Australia Bank's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

National Australia Bank Stock Price History
DateNational Australia Bank Price
8/21/202638.34 AUD
8/20/202638.17 AUD
8/19/202638.92 AUD
8/18/202639.20 AUD
8/17/202639.16 AUD
8/14/202641.37 AUD
8/13/202641.41 AUD
8/12/202640.93 AUD
8/11/202641.03 AUD
8/10/202641.40 AUD
8/7/202642.23 AUD
8/6/202642.65 AUD
8/5/202642.53 AUD
8/4/202642.85 AUD
8/3/202641.11 AUD
7/31/202641.33 AUD
7/30/202641.55 AUD
7/29/202641.20 AUD
7/28/202641.21 AUD
7/27/202640.94 AUD
7/24/202640.39 AUD
7/23/202639.81 AUD
7/22/202639.27 AUD
7/21/202639.30 AUD
7/20/202639.98 AUD
7/17/202639.85 AUD
7/16/202639.76 AUD
7/15/202639.40 AUD
7/14/202639.44 AUD
7/13/202639.77 AUD
7/10/202639.54 AUD
7/9/202639.28 AUD
7/8/202639.59 AUD
7/7/202639.22 AUD
7/6/202638.65 AUD
7/3/202638.53 AUD
7/2/202638.22 AUD
7/1/202636.94 AUD
6/30/202638.08 AUD
6/29/202637.80 AUD
6/26/202637.32 AUD
6/25/202637.56 AUD
6/24/202638.70 AUD
6/23/202638.33 AUD
6/22/202637.87 AUD
6/19/202637.65 AUD
6/18/202637.16 AUD
6/17/202637.96 AUD
6/16/202637.13 AUD
6/15/202637.52 AUD
6/12/202636.33 AUD
6/11/202635.69 AUD
6/10/202636.23 AUD
6/9/202635.96 AUD
6/5/202636.74 AUD
6/4/202636.66 AUD
6/3/202637.20 AUD
6/2/202637.01 AUD
6/1/202637.40 AUD
5/29/202637.39 AUD
5/28/202637.04 AUD
5/27/202637.31 AUD
5/26/202638.11 AUD
5/25/202638.17 AUD
5/22/202637.91 AUD
5/21/202637.70 AUD
5/20/202636.60 AUD
5/19/202637.04 AUD
5/18/202636.32 AUD
5/15/202636.52 AUD
5/14/202636.42 AUD
5/13/202636.86 AUD
5/12/202637.42 AUD
5/11/202638.22 AUD
5/8/202638.36 AUD
5/7/202639.51 AUD
5/6/202640.03 AUD
5/5/202638.95 AUD
5/4/202639.20 AUD
5/1/202639.83 AUD
4/30/202639.88 AUD
4/29/202639.67 AUD
4/28/202640.17 AUD
4/27/202640.20 AUD
4/24/202640.08 AUD
4/23/202640.16 AUD
4/22/202640.22 AUD
4/21/202641.21 AUD
4/20/202641.02 AUD
4/17/202642.55 AUD
4/16/202643.41 AUD
4/15/202644.52 AUD
4/14/202644.69 AUD
4/13/202644.95 AUD
4/10/202645.36 AUD
4/9/202645.50 AUD
4/8/202644.53 AUD
4/7/202642.88 AUD
4/2/202641.80 AUD
3/27/202641.99 AUD
3/26/202642.56 AUD
3/25/202642.70 AUD
3/24/202642.94 AUD
3/23/202644.74 AUD
3/20/202645.57 AUD
3/19/202646.62 AUD
3/18/202647.42 AUD
3/17/202647.46 AUD
3/16/202647.06 AUD
3/13/202647.09 AUD
3/12/202646.20 AUD
3/11/202647.33 AUD
3/9/202646.08 AUD
3/6/202646.82 AUD
3/5/202647.33 AUD
2/26/202649.04 AUD
2/25/202649.10 AUD
2/24/202648.37 AUD
2/23/202647.87 AUD
2/20/202648.32 AUD
2/19/202648.28 AUD
2/18/202647.14 AUD
2/17/202645.38 AUD
2/16/202645.54 AUD
2/13/202646.03 AUD
2/11/202645.49 AUD
2/10/202643.98 AUD
2/9/202643.99 AUD
2/6/202643.36 AUD
2/5/202643.97 AUD
2/4/202643.93 AUD
2/3/202643.04 AUD
2/2/202642.96 AUD
1/30/202643.37 AUD
1/28/202642.87 AUD
1/27/202642.88 AUD
1/23/202642.35 AUD
1/22/202642.41 AUD
1/21/202641.18 AUD
1/20/202641.86 AUD
1/19/202642.15 AUD
1/16/202642.76 AUD
1/14/202641.92 AUD
1/13/202642.39 AUD
1/12/202641.66 AUD
1/9/202640.92 AUD
1/8/202641.12 AUD
1/7/202640.84 AUD
1/6/202641.60 AUD
1/5/202642.54 AUD
1/2/202642.40 AUD
12/31/202542.31 AUD
12/30/202542.34 AUD
12/29/202542.20 AUD
12/24/202542.35 AUD
12/23/202542.54 AUD
12/22/202542.13 AUD
12/19/202542.14 AUD
12/17/202542.02 AUD
12/16/202542.11 AUD
12/15/202542.20 AUD
12/12/202542.09 AUD
12/11/202541.38 AUD
12/10/202540.96 AUD
12/9/202541.01 AUD
12/8/202540.47 AUD
12/5/202540.76 AUD
12/4/202540.51 AUD
12/3/202540.42 AUD
12/2/202540.16 AUD
12/1/202539.79 AUD
11/28/202540.10 AUD
11/27/202540.50 AUD
11/26/202540.38 AUD
11/25/202540.55 AUD
11/24/202540.67 AUD
11/21/202540.56 AUD
11/20/202540.88 AUD
11/19/202540.25 AUD
11/18/202540.60 AUD
11/17/202541.50 AUD
11/14/202541.48 AUD
11/13/202542.20 AUD
11/12/202542.67 AUD
11/11/202542.70 AUD
11/10/202543.27 AUD
11/7/202543.44 AUD
11/6/202543.06 AUD
11/5/202544.53 AUD
11/4/202543.79 AUD
11/3/202544.01 AUD
10/31/202543.62 AUD
10/30/202543.65 AUD
10/29/202543.44 AUD
10/28/202544.65 AUD
10/27/202543.54 AUD
10/24/202543.28 AUD
10/23/202543.38 AUD
10/22/202543.69 AUD
10/21/202543.61 AUD
10/20/202543.74 AUD
10/17/202543.30 AUD
10/15/202543.56 AUD
10/14/202542.76 AUD
10/13/202543.21 AUD
10/10/202544.02 AUD
10/8/202544.39 AUD
10/7/202544.70 AUD
10/6/202544.56 AUD
10/3/202544.48 AUD
10/2/202544.42 AUD
10/1/202544.01 AUD
9/30/202544.12 AUD
9/29/202544.30 AUD
9/26/202543.62 AUD
9/25/202543.18 AUD
9/24/202542.92 AUD
9/23/202544.11 AUD
9/22/202543.60 AUD
9/19/202543.82 AUD
9/17/202543.42 AUD
9/16/202544.18 AUD
9/15/202543.95 AUD
9/12/202543.55 AUD
9/11/202543.03 AUD
9/10/202543.44 AUD
9/9/202542.85 AUD
9/8/202542.84 AUD
9/5/202543.15 AUD
9/4/202542.90 AUD
9/3/202541.97 AUD
9/2/202543.00 AUD
9/1/202542.53 AUD
8/29/202542.70 AUD
8/28/202542.87 AUD
8/27/202541.89 AUD
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National Australia Bank Revenue, Pre-Provision Profit, Net Income

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  • Max

Revenue
Pre-Provision Profit
Net Income
Details
Date
Revenue
Pre-Provision Profit
Net Income
Jan 1, 2023
21.88 B AUD
11.27 B AUD
7.41 B AUD
Jan 1, 2024
25.95 B AUD
10.62 B AUD
6.96 B AUD
Jan 1, 2025
24.88 B AUD
10.52 B AUD
6.76 B AUD
Jan 1, 2026 (e)
22.09 B AUD
0.00 AUD
6.55 B AUD
Jan 1, 2027 (e)
22.89 B AUD
0.00 AUD
7.56 B AUD
Jan 1, 2028 (e)
23.44 B AUD
0.00 AUD
7.67 B AUD
Jan 1, 2029 (e)
23.96 B AUD
0.00 AUD
7.80 B AUD
Jan 1, 2030 (e)
26.49 B AUD
0.00 AUD
9.39 B AUD

National Australia Bank Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 26, 2026, 2:10 AM
 
REVENUEB AUD
REVENUE GROWTH%
Net Interest IncomeB AUD
Non-Interest IncomeB AUD
Loan Loss ProvisionsB AUD
Pre-Provision Profit (PPOP)B AUD
NET INCOMEB AUD
NET INCOME GROWTH%
DIV.AUD
DIV. GROWTH%
SHARESB
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
39.9537.2433.9733.4034.1626.5921.2026.3051.9363.1160.3822.0922.8923.4423.9626.49
-11.05-6.78-8.78-1.692.28-22.16-20.2524.0697.4421.52-4.32-63.423.622.402.2210.55
12.4612.9313.1813.5113.5613.8813.7915.4818.0221.1421.27–––––
11.609.616.574.854.963.483.173.933.864.813.61–––––
0.730.810.820.790.932.75-0.200.120.820.740.83–––––
10.259.799.499.199.277.928.879.8711.2710.6210.52–––––
6.160.235.195.454.722.526.356.897.416.966.766.557.567.677.809.39
20.77-96.302,175.005.15-13.55-46.55152.028.507.59-6.12-2.89-3.1415.401.541.7120.37
2.832.832.832.832.370.861.812.162.392.402.432.432.442.45––
1.43–––-16.25-63.71110.4719.3410.650.421.25–0.410.41––
2.582.792.872.943.023.333.543.473.403.293.133.133.133.133.133.13
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales National Australia Bank generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue National Australia Bank retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare National Australia Bank's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares National Australia Bank has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against National Australia Bank's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

National Australia Bank stock margins

The National Australia Bank margin analysis displays the gross margin, EBIT margin, as well as the profit margin of National Australia Bank. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for National Australia Bank.

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Cost-Income Ratio
Profit margin
Details
Date
Cost-Income Ratio
Profit margin
Jan 1, 2021
47.73 %
37.44 %
Jan 1, 2022
49.15 %
35.51 %
Jan 1, 2023
48.52 %
33.88 %
Jan 1, 2024
59.08 %
26.82 %
Jan 1, 2025
57.70 %
27.17 %
Jan 1, 2026 (e)
0.00 %
29.64 %
Jan 1, 2027 (e)
0.00 %
33.00 %
Jan 1, 2028 (e)
0.00 %
32.72 %

National Australia Bank Revenue per Share, Earnings per Share

The National Australia Bank earnings per share therefore indicates how much revenue National Australia Bank has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

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Revenue per Share
Earnings per Share
Details
Date
Revenue per Share
Earnings per Share
Jan 1, 2021
4.79 AUD
1.79 AUD
Jan 1, 2022
5.60 AUD
1.99 AUD
Jan 1, 2023
6.43 AUD
2.18 AUD
Jan 1, 2024
7.88 AUD
2.11 AUD
Jan 1, 2025
7.94 AUD
2.16 AUD
Jan 1, 2026 (e)
7.20 AUD
2.13 AUD
Jan 1, 2027 (e)
7.46 AUD
2.46 AUD
Jan 1, 2028 (e)
7.64 AUD
2.50 AUD

National Australia Bank business model & stock analysis

The National Australia Bank Ltd (NAB) is an Australian bank headquartered in Melbourne. It was established in 1858 as the National Bank of Australasia and has been known as NAB since 1982. The bank is one of the largest in Australia and serves customers in Australia, New Zealand, and Asia. NAB's business model is tailored to the diverse needs and requirements of its customers. The bank offers a range of financial services, from traditional banking products such as loans and savings accounts to complex financial instruments like derivatives and structured financial products. Additionally, the bank also provides asset management services and consulting services for businesses. NAB is divided into several divisions to ensure that each customer receives the best possible support. The divisions include the Retail Banking division, the Business Banking division, the Private Banking division, the Wholesale Banking division, and the NAB Ventures division. The Retail Banking division offers a variety of financial products and services to retail customers. These include credit cards, mortgages, savings accounts, checking accounts, personal loans, and insurance. The Business Banking division specializes in supporting small and medium-sized businesses. The bank provides a wide range of financial solutions in this division, including loans, leasing and asset financing, and cash management services. Private Banking is an area that focuses on wealthy private clients. NAB offers tailored financial solutions to its clients, customized to their individual requirements. In addition to traditional banking products, the bank also offers wealth management services to help clients manage their assets and optimize their investment strategies. The Wholesale Banking division focuses on supporting large corporations, government agencies, and the public sector. The bank offers an extensive range of financial solutions in this division, including capital raising, cash management, international trade, and investment banking. This division also provides support in managing foreign exchange risks and other financial challenges faced by multinational corporations. NAB Ventures is the newest division of NAB, focusing on collaboration with startups and other innovative companies. The bank invests in companies that are developing innovative solutions in the financial industry. It also provides crucial support to startups in the areas of sales and marketing, technology and infrastructure, as well as legal and risk management. In addition to these divisions, NAB also offers a wide range of financial products, including credit and debit cards, mortgages, savings accounts, checking accounts, and various insurance and investment products. Overall, NAB has a long and successful history as one of Australia's largest and most successful banks. Through diversification of its business model and a focus on the needs of different customer groups, the bank has continuously expanded its offerings and maintained its position as one of Australia's leading financial service providers.

National Australia Bank SWOT Analysis

Strengths

National Australia Bank Ltd (NAB) possesses several key strengths that contribute to its success in the banking industry.

NAB is one of the major players in the Australian banking market, enjoying a significant market share and a broad customer base.

NAB operates across various business segments, including personal banking, business banking, corporate banking, and wealth management. This diversification allows the bank to reduce its risk exposure and generate revenue from different sources.

NAB has maintained a strong financial position over the years, with stable profitability and healthy capital reserves. This provides the bank with the ability to withstand economic downturns and invest in growth opportunities.

Weaknesses

Despite its strengths, NAB also faces certain weaknesses that pose challenges to its operations and growth.

NAB has faced public scrutiny and criticism in the past due to misconduct and unethical behavior. This has damaged its reputation and affected customer trust, requiring significant efforts to rebuild public perception.

As NAB's primary market is Australia, it is highly exposed to the fluctuations and risks associated with the domestic economy. Any substantial economic shocks or downturns in the country can significantly impact the bank's performance.

Opportunities

NAB can leverage various opportunities to enhance its position and achieve sustainable growth.

Collaboration with fintech companies can enable NAB to enhance its digital capabilities and offer innovative financial solutions to customers. This can improve customer experience and attract a tech-savvy customer base.

NAB can explore opportunities to expand its presence in Asian markets, which offer significant growth potential. By tapping into emerging economies, the bank can diversify its revenue streams and reduce its dependence on the Australian market.

Threats

NAB faces various threats that could impact its performance and profitability in the future.

The banking industry in Australia is highly competitive, with several domestic and international players vying for market share. Intense competition can lead to margin pressures and customer attrition if NAB fails to differentiate itself effectively.

The banking sector is subject to strict regulations, and any changes in regulations can significantly impact NAB's operations and profitability. Compliance costs, increased capital requirements, and regulatory scrutiny pose potential threats to the bank.

National Australia Bank Eulerpool Fair Value

Details

Fair Value Estimate

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What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

National Australia Bank historical P/E ratio, EBIT multiple, and P/S ratio

National Australia Bank annual returns

Details

Annual Return

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What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

National Australia Bank shares outstanding

The number of shares of National Australia Bank was 3.13 B in 2025. This indicates how many shares National Australia Bank is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

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Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
3.54 B Stocks
Jan 1, 2022
3.47 B Stocks
Jan 1, 2023
3.40 B Stocks
Jan 1, 2024
3.29 B Stocks
Jan 1, 2025
3.13 B Stocks
Jan 1, 2026 (e)
3.13 B Stocks
Jan 1, 2027 (e)
3.13 B Stocks
Jan 1, 2028 (e)
3.13 B Stocks

National Australia Bank Dividend History

37 years of dividend payments · 5 consecutive increases

YearAnnual DividendYoY ChangePayments
20252.43AUD↑ 0.6%2×
May 12, 20251.21AUD 0.0%1/2
Nov 11, 20251.21AUD 0.0%2/2
20242.41AUD↑ 1.2%2×
20232.39AUD↑ 10.6%2×
20222.16AUD↑ 18.9%2×
20211.81AUD↑ 111.7%2×
20200.86AUD↓ 63.9%2×
20192.37AUD↓ 16.2%2×
20182.83AUD 0.0%2×
20172.83AUD 0.0%2×
20162.83AUD 0.0%2×

National Australia Bank dividend history and estimates

In 2025, National Australia Bank paid a dividend amounting to 2.43 AUD. Dividend means that National Australia Bank distributes a portion of its profits to its owners.

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Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
1.81 AUD
0.00 AUD
Jan 1, 2022
2.16 AUD
0.00 AUD
Jan 1, 2023
2.39 AUD
0.00 AUD
Jan 1, 2024 (e)
2.41 AUD
-0.01 AUD
Jan 1, 2025
2.43 AUD
0.00 AUD
Jan 1, 2026 (e)
1.21 AUD
1.21 AUD
Jan 1, 2027 (e)
0.00 AUD
2.44 AUD
Jan 1, 2028 (e)
0.00 AUD
2.45 AUD

National Australia Bank dividend payout ratio

In 2025, National Australia Bank had a payout ratio of 112.96%. The payout ratio indicates the percentage of the company's profits that National Australia Bank distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
101.36 %
Jan 1, 2022
108.95 %
Jan 1, 2023
109.94 %
Jan 1, 2024
114.42 %
Jan 1, 2025
112.96 %
Jan 1, 2026 (e)
113.78 %
Jan 1, 2027 (e)
99.08 %
Jan 1, 2028 (e)
98.05 %

Current National Australia Bank forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
6.42 %
Buy
20.00 % (4)
Hold
35.00 % (7)
Sell
45.00 % (9)
12M Price Target
43.46
Last Price
38.32
Currency
AUD
12M Return Potential
13.41 %
LTM Return
0 %

National Australia Bank Earnings Calls

2025

National Australia Bank Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/2/20241.09AUD-10.25 BAUD-2024 Q2
5/2/20231.27AUD-10.66 BAUD-2023 Q2
11/9/20221.13AUD-9.65 BAUD-2022 Q4
5/5/20221.06AUD-9.10 BAUD-2022 Q2
11/9/20210.98AUD-8.59 BAUD-2021 Q4
5/6/20210.94AUD-8.74 BAUD-2021 Q2
11/5/20200.73AUD-9.11 BAUD-2020 Q4
4/27/20200.57AUD-9.10 BAUD-2020 Q2
11/7/20190.84AUD-8.90 BAUD-2019 Q4
5/2/20191.05AUD-9.13 BAUD-2019 Q2

EESG©

Eulerpool ESG Scorecard© for the National Australia Bank stock

87/100
99
Environment
99
Social
64
Governance
E

Environment

20
Scope 1 - Direct Emissions7,313
Scope 2 - Indirect emissions from purchased energy49,565
Scope 3 - Indirect emissions within the value chain71,840
Total CO₂ emissions56,878
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides—
Palm Oil
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees47.4
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

National Australia Bank shareholder structure

% Name
2.18992%
Vanguard Investments Australia Ltd.
Vanguard Investments Australia Ltd.
1.37252%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
0.79378%
Geode Capital Management, L.L.C.
Geode Capital Management, L.L.C.
0.53015%
BetaShares Capital Ltd.
BetaShares Capital Ltd.
0.50342%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
0.38374%
JP Morgan Asset Management
JP Morgan Asset Management
...

National Australia Bank Beneficial Ownership Filings (SEC 13D/G)

Free Float
100.0%
Float Shares
-
Shares Outstanding
-

National Australia Bank Executives and Management Board

25 members · avg. age 65 · 56 % women

PW

Mr. Patrick Wright

Group Executive - Technology and Enterprise Operations

4.57 M AUD

Management

AI

Mr. Andrew Irvine

Group Chief Executive Officer, Managing Director, Director · since 2020

4.07 M AUD
RS

Ms. Rachel Slade

Group Executive Business and Private Banking

3.32 M AUD
SD

Mr. Shaun Dooley

Group Chief Risk Officer

2.91 M AUD
DH

Mr. Daniel Huggins

Managing Director and Chief Executive Officer of Bank of New Zealand

2.50 M AUD
SC

Ms. Sharon Cook

Group Executive - Legal and Commercial Services

2.45 M AUD
NG

Mr. Nathan Goonan

Group Chief Financial Officer

1.94 M AUD

Board of Directors

PC

Mr. Philip Chronican (67)

Non-Executive Independent Chairman of the Board · since 2016

845,829.00 AUD
KF

Ms. Kathryn Fagg (63)

Non-Executive Independent Director

333,076.00 AUD
AA

Ms. Ann Sherry Ao (69)

Non-Executive Independent Director

322,670.00 AUD
SM

Mr. Simon Mckeon (68)

Non-Executive Independent Director

321,805.00 AUD
AL

Ms. Anne Loveridge (62)

Non-Executive Independent Director

321,181.00 AUD
AK

Ms. Alison Kitchen

Non-Executive Independent Director

319,792.00 AUD

National Australia Bank Supply Chain

National Australia Bank Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
21 companies
#Nameβ 1YTrend
1
Omnicom
Supplier·Media·US
0.44
0.52
0.12
0.43
0.35
0.87
0.45
2
BTS Group B
Supplier·SE
0.83
0.28
0.70
0.13
0.24
0.85
—
3
HSBC Holdings
Supplier·Customer·Banks·GB
-0.50
0.49
-0.42
0.38
0.63
0.81
0.78
4
RPMGlobal Holdings
Supplier·Software·AU
-0.19
0.23
0.20
-0.52
-0.27
0.78
—
5
JPMorgan Chase
Supplier·Customer·Banks·US
-0.01
0.37
-0.17
-0.69
-0.62
0.73
-0.47
#Nameβ 1YTrend
1
Impelus
Supplier·Media·AU
—
—
—
—
0.66
—
—
2
DWS Limited
Supplier·IT Services·AU
0.18
-0.41
0.22
0.75
—
—
—
3
Dye & Durham
Supplier·Software·CA
0.14
0.38
-0.44
-0.72
-0.84
—
—
4
Informatica A
Supplier·Software·US
-0.05
0.71
0.76
-0.64
—
—
—
5
Nuance Communications Incorporated
Supplier·Software·US
-0.23
-0.24
0.10
0.31
0.46
—
—

Frequently asked questions about National Australia Bank

The business model of National Australia Bank Ltd revolves around providing a comprehensive range of financial services to individuals, businesses, and institutional clients. As one of the largest banks in Australia, National Australia Bank aims to support its customers by offering banking products, investment services, and wealth management solutions. The bank focuses on delivering superior customer service and sustainable growth while maintaining strong risk management practices. National Australia Bank actively engages in developing innovative digital banking solutions and fostering long-term relationships with its customers, both locally and internationally. With its diverse range of banking and financial services, National Australia Bank is committed to helping individuals and businesses achieve their financial goals effectively and securely.

National Australia Bank Ltd primarily operates in the financial services industry.

The main competitors of National Australia Bank Ltd in the market include Commonwealth Bank of Australia, Westpac Banking Corporation, and Australia and New Zealand Banking Group Limited (ANZ).

The National Australia Bank Ltd (NAB) is one of the largest financial institutions in Australia. Established in 1982, it has a rich and extensive history within the country's banking sector. NAB provides a wide range of banking and financial services to individuals, businesses, and corporations. With its origins dating back to the 19th century, NAB has grown and evolved through various mergers, acquisitions, and expansions. Today, NAB continues to be a key player in the Australian banking industry, offering innovative products and solutions to meet the diverse needs of its customers.

National Australia Bank Ltd has achieved several significant milestones throughout its history. These include the establishment of its first branch in London in 1864, listing on the Australian Stock Exchange in 1971, and expansion into New Zealand through the acquisition of Bank of New Zealand in 1992. The company also acquired Clydesdale Bank in the UK in 1987, further expanding its international presence. In recent years, National Australia Bank has focused on digital transformation, launching innovative banking solutions and investing in technology to enhance customer experience. With its rich history and global reach, National Australia Bank Ltd continues to be a leading player in the financial industry.

National Australia Bank Ltd is primarily present in Australia, New Zealand, and Asia. As one of the largest financial institutions in Australia, National Australia Bank operates a wide network of branches and offices across these regions. With its strong presence in Australia and New Zealand, the bank offers a comprehensive range of banking and financial services to both individual and business customers. Moreover, National Australia Bank has expanded its footprint in Asia, focusing on key markets such as Hong Kong, Singapore, and China, to tap into the region's growing opportunities and cater to the international financial needs of its clients.

National Australia Bank Ltd represents a strong commitment to its customers, shareholders, employees, and the community. The company's corporate philosophy is centered around integrity, accountability, and transparency. National Australia Bank Ltd strives to build long-term relationships with its customers by delivering exceptional financial services and innovative solutions. The company upholds strong ethical standards and aims to make a positive impact on the financial well-being of individuals and businesses. National Australia Bank Ltd also focuses on corporate social responsibility, supporting various community initiatives and sustainable practices.

Analysts currently set an average price target of 43.10 AUD for the National Australia Bank stock (median: 43.46 AUD), implying +12.5 % versus the latest price. The consensus is based on 20 analyst ratings.

National Australia Bank Analyst Price Targets 2026

20 analysts currently rate the National Australia Bank stock: 4 recommend buying, 7 holding and 9 selling. For 2026, analysts expect National Australia Bank to generate revenue of 22.09 B AUD and earnings per share of 2.09 AUD.

National Australia Bank Analyst Price Targets 2026

Converted at the current exchange rate, the National Australia Bank share trades at 23.52 EUR (38.34 AUD).

The National Australia Bank share (NAB.AX) is listed on 10 stock exchanges, including: NASDAQ (NAUBF), Frankfurt (NAL.F), München (NAL.MU), Stuttgart (NAL.SG), Düsseldorf (NAL.DU), Berlin (NAL.BE), Hamburg (NAL.HM), SIX (Zürich) (NAB.SW).

The National Australia Bank Ltd (NAB) is one of the leading banks in Australia and offers a wide range of financial products and services for personal and business customers. NAB's business model focuses on four core areas: Retail Banking, Business Banking, Corporate and Institutional Banking, and Wealth Management. The retail sector of NAB offers a variety of products for personal customers, including checking accounts, savings accounts, credit cards, mortgages, and personal loans. The bank operates several thousand branches throughout Australia and also offers digital channels for its customers, including online banking and mobile applications. In the business sector, NAB is an important partner for small and medium-sized businesses in Australia. The bank offers a wide range of financial products for this segment, including business loans, payment processing, cash management, and foreign exchange trading. NAB's Corporate and Institutional Banking division serves large companies, government agencies, and public institutions. Offered products include syndications, leasing, project financing, foreign exchange trading, and commodities trading. The Corporate and Institutional Banking division also operates in Asia, Europe, and North America, providing global financial solutions. NAB's Wealth Management division offers investment and asset management solutions for high-net-worth individuals and institutional clients. It also offers specialized services such as trust and estate planning, philanthropy and foundation management, and investments in alternative asset classes such as real estate and stocks. In addition to the above-mentioned business areas, NAB is also active in other sectors, including insurance, asset management, venture capital, and fintech. The bank aims to become one of the most innovative financial institutions in the world and invests significantly in the development of digital technologies and solutions. NAB has gained reputation in the industry in recent years and has been recognized for its ethical and sustainable business practices. The bank places great emphasis on promoting equality and diversity in the workplace and is also committed to supporting nonprofit organizations and initiatives. Overall, NAB's business model is focused on a broad customer base and offers a variety of financial services and products. With its presence in various segments and geographical regions, the bank is well-positioned to expand its business in Australia and internationally.

The expected revenue of National Australia Bank is 22.09 B AUD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of National Australia Bank is 6.55 B AUD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of National Australia Bank is currently 18.34. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the National Australia Bank stock.

The price-to-sales ratio (P/S) of National Australia Bank is currently 5.44. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the National Australia Bank stock.

The Eulerpool Quality Score for National Australia Bank is 3/10.

The ISIN of National Australia Bank is AU000000NAB4. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of National Australia Bank is 853802. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of National Australia Bank is NAB.AX. The ticker symbol is used to trade National Australia Bank shares on the stock exchange.

Over the past 12 months, National Australia Bank paid a dividend of 2.43 AUD . This corresponds to a dividend yield of about 6.33 %. For the coming 12 months, National Australia Bank is expected to pay a dividend of 2.44 AUD.

The current dividend yield of National Australia Bank is 6.33 %.

National Australia Bank pays a dividend, distributed in the months of , , , .

National Australia Bank paid dividends every year for the past 37 years.

For the upcoming 12 months, dividends amounting to 2.44 AUD are expected. This corresponds to a dividend yield of 6.36 %.

National Australia Bank is assigned to the 'Finance' sector.

To receive the latest dividend of National Australia Bank from amounting to 1.21 AUD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, National Australia Bank distributed 1.2 AUD as dividends.

The dividends of National Australia Bank are distributed in AUD.

All fundamentals and in-depth analysis of National Australia Bank

Our stock analysis for National Australia Bank stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of National Australia Bank. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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