Market capitalization of NWG increased by 69.68% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 14.61 to 19.41.
The secondary factor is the Margin Expansion, contributed 19.43%to the performance.
Overall, the performance of NWG in the past 1 year is driven by P/E Change. Which is more unsustainable.