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How to buy National Australia Bank (NAB) shares in Australia

Learn how to easily invest in National Australia Bank shares.

National Australia Bank is a banks - diversified business based in Australia. National Australia Bank shares (NAB) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. National Australia Bank has a trailing 12-month revenue of around $19.5 billion. If you're looking to buy shares, check out the steps below.

How to buy shares in National Australia Bank

To buy shares listed in Australia such as National Australia Bank, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose. Then follow these steps.

  1. Open and fund your brokerage account.
    Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  2. Search for National Australia Bank.
    Find the share by name or ticker symbol: NAB. Research its history to confirm it's a solid investment against your financial goals.
  3. Purchase now or later.
    Buy today with a market order or use a limit order to delay your purchase until National Australia Bank reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
  4. Decide on how many to buy.
    At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  5. Check on your investment.
    Congratulations, you own a part of National Australia Bank. Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.

National Australia Bank stock price (ASX:NAB)

Use our graph to track the performance of NAB stocks over time.

National Australia Bank shares at a glance

Information last updated 2024-07-19.
52-week range$26.0062 - $38.08
50-day moving average $35.3774
200-day moving average $32.5699
Target price$31.93
PE ratio 16.9273
Dividend yield $1.68 (4.51%)
Earnings per share (TTM) $2.2

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
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Is it a good time to buy National Australia Bank stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

National Australia Bank price performance over time

Historical closes compared with the last close of A$36.92

1 week (2024-07-16) -1.23%
1 month (2024-06-21) 1.96%
3 months (2024-04-23) 9.10%
6 months (2024-01-23) 15.63%
1 year (2023-07-21) 32.33%
2 years (2022-07-22) 23.56%
3 years (2021-07-23) 41.78%
5 years (2019-07-23) 32.52%

Is National Australia Bank under- or over-valued?

Valuing National Australia Bank stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of National Australia Bank's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

National Australia Bank's P/E ratio

National Australia Bank's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 17x. In other words, National Australia Bank shares trade at around 17x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

National Australia Bank's PEG ratio

National Australia Bank's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 6.81. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into National Australia Bank's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

National Australia Bank financials

Revenue TTM $19.5 billion
Operating margin TTM 54.41%
Gross profit TTM $18.4 billion
Return on assets TTM 0.66%
Return on equity TTM 11.44%
Profit margin 35.65%
Book value 19.833
Market capitalisation $115.2 billion

TTM: trailing 12 months

National Australia Bank's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like National Australia Bank.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

National Australia Bank's total ESG risk score

Total ESG risk: 27.84

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and National Australia Bank's overall score of 27.84 (as at 12/31/2018) is nothing to write home about – landing it in it in the 46th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like National Australia Bank is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

National Australia Bank's environmental score

Environmental score: 1.47/100

National Australia Bank's environmental score of 1.47 puts it squarely in the 3rd percentile of companies rated in the same sector. This could suggest that National Australia Bank is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

National Australia Bank's social score

Social score: 13.15/100

National Australia Bank's social score of 13.15 puts it squarely in the 3rd percentile of companies rated in the same sector. This could suggest that National Australia Bank is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

National Australia Bank's governance score

Governance score: 14.22/100

National Australia Bank's governance score puts it squarely in the 3rd percentile of companies rated in the same sector. That could suggest that National Australia Bank is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

National Australia Bank's controversy score

Controversy score: 3/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. National Australia Bank scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that National Australia Bank hasn't always managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

National Australia Bank Ltd was last rated for ESG on: 2019-01-01.

Total ESG score 27.84
Total ESG percentile 46.4
Environmental score 1.47
Environmental score percentile 3
Social score 13.15
Social score percentile 3
Governance score 14.22
Governance score percentile 3
Level of controversy 3

National Australia Bank share dividends

76%

Dividend payout ratio: 75.77% of net profits

Recently National Australia Bank has paid out, on average, around 75.77% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.51% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), National Australia Bank shareholders could enjoy a 4.51% return on their shares, in the form of dividend payments. In National Australia Bank's case, that would currently equate to about A$1.68 per share.

National Australia Bank's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 6 May 2024 (the "ex-dividend date").

Have National Australia Bank's shares ever split?

National Australia Bank's shares were split on 12 May 1999.

National Australia Bank share price volatility

Over the last 12 months, National Australia Bank's shares have ranged in value from as little as $26.0062 up to $38.08. A popular way to gauge a stock's volatility is its "beta".

NAB.AU volatility(beta: 0.9)Avg. volatility(beta: 1.00)LowHigh

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while National Australia Bank's is 0.904. This would suggest that National Australia Bank's shares are less volatile than average (for this exchange).

National Australia Bank overview

National Australia Bank Limited provides financial services to individuals and businesses in Australia, New Zealand, and internationally. The company operates through Business and Private Banking; Personal Banking; Corporate and Institutional Banking; New Zealand Banking; and Corporate Functions and Other segments. It accepts transaction accounts, savings accounts, debit cards, and term deposits; and specialized accounts, such as foreign currency, business interest, cash maximiser, farm management, community free saver, statutory trust, and project bank accounts, as well as farm management deposits. In addition, the company provides home loans, personal loans, and business loans; vehicle and equipment finance; and trade and invoice finance, as well as business overdrafts and bank guarantees. Further, it offers insurance products consisting of home and content, landlord, travel, car, caravan and trailer, life, and business insurance products; and pension, self-managed super funds, cash management, and financial planning and advisory services. Additionally, the company provides investment products; credit, debit, and business cards; payments and merchant services; online and internet banking services; small business services; international and foreign exchange solutions; and industry specific banking services. The company was founded in 1834 and is based in Melbourne, Australia.

National Australia Bank in the news

There are no recent company news

Past developments

16 January 2023: Goldman Sachs analysts have forecast a 20% increase in cash earnings for the major banks in 2023 as they expand margins in a rising interest rate environment. The analysts reiterated their “buy” rating and $35.41 price target on NAB shares, implying a 15% upside from current levels.
05 January 2023: National Australia Bank (NAB) has raised US$3.5 billion through a bond sale in the United States, adding to recent debt raisings by the major banks. NAB’s raising included 3-year fixed-rate bonds with a yield of 4.96%, 5-year fixed-rate bonds with a yield of 4.94% and 10-year bonds at 6.42%.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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