Valuation dashboard for National Grid plc (NGG) with P/E 19.03, P/B 1.59, EV/EBITDA 13.84 and dividend yield 3.86%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Utilities companies.
National Grid plc engages in the transmission and distribution of electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission networks in England and Wales.
Analysis Summary
National Grid plc reported revenue of 17.97B GBP in the most recent fiscal year, growing at a 5-year CAGR of -0.5%. Net income reached 3.29B GBP, with a 7.0% 5-year CAGR.
Trailing-twelve-month margins: gross margin 63.4%, operating margin 32.1%, net margin 18.3%.
At $84.20 (closing price, October 29, 2026), NGG trades at a P/E of 19.03 and an ROE of 8.47%. Market capitalisation stands at $84.7B, placing it among large-cap names.
Balance sheet quality for NGG: current ratio of 0.8. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 19.03 |
| Price / Book | 1.59 |
| EV / EBITDA | 13.84 |
| Dividend Yield | 3.86% |
Valuation Models
| DCF Fair Value | $-16.76 |
| vs Current Price | -119.9% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| NGG | National Grid plc | $84.7B | 19.03 | 1.59 | 8.5% |
| AEP | American Electric Power Company, Inc. | $70.4B | 22.38 | 14.1% | |
| XEL | Xcel Energy Inc. | $49.4B | 21.54 | 2.01 | 9.6% |
| SO | The Southern Company | $107.0B | 22.46 | 2.70 | 12.6% |
| DUK | Duke Energy Corporation | $98.2B | 18.90 | 1.79 | 9.9% |
| D | Dominion Energy, Inc. | $57.3B | 22.61 | 1.98 | 8.9% |
| PEG | Public Service Enterprise Group Incorporated | $36.7B | 18.32 | 2.12 | 11.7% |
| ED | Consolidated Edison, Inc. | $42.6B | 18.96 | 1.66 | 8.9% |
Price
| Price | $84.20 (closing price, October 29, 2026) |
| Market Cap | $84.7B |
| Exchange | NYSE |
| Country | GB |
Profitability
| Return on Equity | 8.47% |
| Return on Invested Capital | 4.30% |
| Return on Assets | 2.99% |
| Gross Margin | 63.38% |
| Operating Margin | 32.06% |
| Net Margin | 18.32% |
Related companies: AEP · XEL · SO · DUK · D · PEG · ED · FE
Explore sector: Utilities · Regulated Electric
More sections of NGG: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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