(NGG) National Grid - Overview
Sector: Utilities | Industry: Utilities - Regulated Electric | Exchange: NYSE (USA) | Market Cap: 86.963m USD | Total Return: 20.2% in 12m
Electricity Transmission, Electricity Distribution, Gas Supply, Gas Distribution
Total Rating 50
Safety 61
Buy Signal -0.87
Utilities - Regulated Electric
Industry Rotation: -5.0
Industry Rotation: -5.0
Market Cap:
87.0B
Avg Turnover: 78.7M
Avg Turnover: 78.7M
Risk 3d forecast
Volatility31.8%
VaR 5th Pctl5.66%
VaR vs Median7.91%
Reward TTM
Sharpe Ratio0.78
Rel. Str. IBD41.3
Rel. Str. Peer Group50
Character TTM
Beta0.078
Beta Downside-0.124
Hurst Exponent0.479
Drawdowns 3y
Max DD20.76%
CAGR/Max DD0.64
CAGR/Mean DD2.45
Warnings
Share dilution 23.0% YoY
Tailwinds
No distinct edge detected
Description: NGG National Grid
National Grid plc (NGG) is a major multinational utility company focused on the transmission and distribution of electricity and natural gas. Headquartered in London, the company operates regulated networks across the United Kingdom and the Northeastern United States, specifically in New York and New England. Its portfolio includes high-voltage transmission lines, local distribution networks, subsea electricity interconnectors, and liquefied natural gas (LNG) storage facilities.
As a regulated utility, the company operates under a natural monopoly business model where revenue is largely determined by government regulators based on capital investment and service performance. This sector is characterized by high capital intensity and serves as critical infrastructure for the energy transition. Investors may find ValueRay useful for analyzing the companys valuation metrics and dividend history. The company also maintains a non-regulated division, National Grid Ventures, which invests in competitive energy markets and renewable energy technologies.
- Regulatory rate case settlements in New York and New England drive earnings
- UK energy transition capital expenditure increases asset base and regulated returns
- Interest rate fluctuations impact debt servicing costs for capital intensive infrastructure
- Electricity transmission network expansion supports long-term revenue growth and dividend stability
- Political and regulatory shifts in UK energy policy affect allowed profit margins
Piotroski VR‑10 (Strict)
4.0
| Net Income: 4.61b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.05 > 0.02 and ΔFCF/TA -5.34 > 1.0 |
| NWC/Revenue: -0.71% < 20% (prev -2.65%; Δ 1.94% < -1%) |
| CFO/TA 0.11 > 3% & CFO 11.36b > Net Income 4.61b |
| Net Debt (45.03b) to EBITDA (12.97b): 3.47 < 3 |
| Current Ratio: 0.97 > 1.5 & < 3 |
| Outstanding Shares: last quarter (990.0m) vs 12m ago 22.96% < -2% |
| Gross Margin: 27.08% > 18% (prev 0.35%; Δ 2.67k% > 0.5%) |
| Asset Turnover: 33.13% > 50% (prev 23.31%; Δ 9.82% > 0%) |
| Interest Coverage Ratio: 3.20 > 6 (EBITDA TTM 12.97b / Interest Expense TTM 2.73b) |
Altman Z''
2.34
| A: -0.00 (Total Current Assets 8.93b - Total Current Liabilities 9.19b) / Total Assets 103.76b |
| B: 0.39 (Retained Earnings 39.98b / Total Assets 103.76b) |
| C: 0.08 (EBIT TTM 8.72b / Avg Total Assets 109.40b) |
| D: 0.54 (Book Value of Equity 35.91b / Total Liabilities 66.54b) |
| Altman-Z'' Score: 2.34 = BBB |
Beneish M
-3.04
| DSRI: 0.51 (Receivables 2.83b/4.10b, Revenue 36.25b/26.81b) |
| GMI: 1.31 (GM 27.08% / 35.47%) |
| AQI: 0.88 (AQ_t 0.18 / AQ_t-1 0.20) |
| SGI: 1.35 (Revenue 36.25b / 26.81b) |
| TATA: -0.07 (NI 4.61b - CFO 11.36b) / TA 103.76b) |
| Beneish M-Score: -3.04 (Cap -4..+1) = AA |
What is the price of NGG shares?
As of May 16, 2026, the stock is trading at USD 80.64 with a total of 7,051,774 shares traded.
Over the past week, the price has changed by -7.19%, over one month by -8.22%, over three months by -12.75% and over the past year by +20.20%.
Over the past week, the price has changed by -7.19%, over one month by -8.22%, over three months by -12.75% and over the past year by +20.20%.
Is NGG a buy, sell or hold?
National Grid has received a consensus analysts rating of 4.00.
Therefore, it is recommended to buy NGG.
- StrongBuy: 2
- Buy: 1
- Hold: 0
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the NGG price?
| Analysts Target Price | 92.1 | 14.1% |
National Grid (NGG) - Fundamental Data Overview
as of 15 May 2026
Market Cap GBP = 64.27b (86.96b USD * 0.739 USD.GBP)P/E Trailing = 21.5246
P/E Forward = 14.2857
P/S = 4.9744
P/B = 1.7107
P/EG = 1.0742
Revenue TTM = 36.25b GBP
EBIT TTM = 8.72b GBP
EBITDA TTM = 12.97b GBP
Long Term Debt = 42.29b GBP (from longTermDebt, last quarter)
Short Term Debt = 3.62b GBP (from shortTermDebt, last quarter)
Debt = 45.91b GBP (from shortLongTermDebtTotal, last quarter)
Net Debt = 45.03b GBP (from netDebt column, last quarter)
Enterprise Value = 106.12b GBP (64.27b + Debt 45.91b - CCE 4.06b)
Interest Coverage Ratio = 3.20 (Ebit TTM 8.72b / Interest Expense TTM 2.73b)
EV/FCF = -20.23x (Enterprise Value 106.12b / FCF TTM -5.25b)
FCF Yield = -4.94% (FCF TTM -5.25b / Enterprise Value 106.12b)
FCF Margin = -14.47% (FCF TTM -5.25b / Revenue TTM 36.25b)
Net Margin = 12.72% (Net Income TTM 4.61b / Revenue TTM 36.25b)
Gross Margin = 27.08% ((Revenue TTM 36.25b - Cost of Revenue TTM 26.43b) / Revenue TTM)
Gross Margin QoQ = 22.86% (prev 34.13%)
Tobins Q-Ratio = 1.02 (Enterprise Value 106.12b / Total Assets 103.76b)
Interest Expense / Debt = 1.78% (Interest Expense 819.1m / Debt 45.91b)
Taxrate = 25.18% (207.5m / 824.1m)
NOPAT = 6.52b (EBIT 8.72b * (1 - 25.18%))
Current Ratio = 0.97 (Total Current Assets 8.93b / Total Current Liabilities 9.19b)
Debt / Equity = 1.23 (Debt 45.91b / totalStockholderEquity, last quarter 37.19b)
Debt / EBITDA = 3.47 (Net Debt 45.03b / EBITDA 12.97b)
Debt / FCF = -8.58 (negative FCF - burning cash) (Net Debt 45.03b / FCF TTM -5.25b)
Total Stockholder Equity = 35.18b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.21% (Net Income 4.61b / Total Assets 103.76b)
RoE = 13.11% (Net Income TTM 4.61b / Total Stockholder Equity 35.18b)
RoCE = 11.26% (EBIT 8.72b / Capital Employed (Equity 35.18b + L.T.Debt 42.29b))
RoIC = 9.96% (NOPAT 6.52b / Invested Capital 65.50b)
WACC = 4.21% (E(64.27b)/V(110.18b) * Re(6.26%) + D(45.91b)/V(110.18b) * Rd(1.78%) * (1-Tc(0.25)))
Discount Rate = 6.26% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 100.0 | Cagr: 10.89%
[DCF] Fair Price = unknown (Cash Flow -5.25b)
EPS Correlation: -29.06 | EPS CAGR: 0.0% | SUE: 0.0 | # QB: 0
Revenue Correlation: 43.76 | Revenue CAGR: -1.56% | SUE: N/A | # QB: 0