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National Grid plc NGG

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83.15 USD -2.77 (-3.22%)

At closeNov 6, 2026, 4:00 PM EST

83.15 0.00 0.00%

After hours · Nov 6, 4:00 PM ET

82.58 Day range 84.03
73.54 52-week range 93.93
YTD
+7.50%
1 year
+8.99%

Financial health

Altman Z-Score

1.41 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

5 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

Rating

B3 / 5 overall

  • DCF 1
  • Return on Equity 3
  • Return on Assets 4
  • Debt / Equity 3
  • P/E 2
  • P/B 3

Valuation

P/E 19.1×
FY 2017: 16.1×FY 2018: 9.1×FY 2019: 20.7×FY 2020: 27.4×FY 2021: 14.3×FY 2022: 18.7×FY 2023: 5.8×FY 2024: 18.9×FY 2025: 16.7×FY 2026: 19.1×
FY 2017 5y median 18.7× FY 2026
P/S 3.5×
FY 2017: 2.8×FY 2018: 2.0×FY 2019: 2.1×FY 2020: 2.6×FY 2021: 1.8×FY 2022: 2.5×FY 2023: 2.0×FY 2024: 2.2×FY 2025: 2.6×FY 2026: 3.5×
FY 2017 5y median 2.5× FY 2026
P/B 1.6×
FY 2017: 2.0×FY 2018: 1.6×FY 2019: 1.6×FY 2020: 1.8×FY 2021: 1.7×FY 2022: 1.9×FY 2023: 1.5×FY 2024: 1.5×FY 2025: 1.3×FY 2026: 1.6×
FY 2017 5y median 1.5× FY 2026
P/FCF -16.6×
FY 2017: 31.9×FY 2018: 2925×FY 2019: -328×FY 2020: -44.4×FY 2021: -88.0×FY 2022: 135×FY 2023: -74.9×FY 2024: -34.2×FY 2025: -14.1×FY 2026: -16.6×
FY 2017 5y median -16.6× FY 2026
EV/EBITDA 14.0×
FY 2017: 14.5×FY 2018: 10.6×FY 2019: 13.4×FY 2020: 17.2×FY 2021: 10.5×FY 2022: 14.2×FY 2023: 12.0×FY 2024: 13.2×FY 2025: 12.3×FY 2026: 14.0×
FY 2017 5y median 13.2× FY 2026
EV/Sales 6.1×
FY 2017: 4.6×FY 2018: 3.7×FY 2019: 4.0×FY 2020: 4.9×FY 2021: 3.5×FY 2022: 4.9×FY 2023: 4.0×FY 2024: 4.5×FY 2025: 5.1×FY 2026: 6.1×
FY 2017 5y median 4.9× FY 2026
FCF Yield -6.0%
FY 2017: 3.1%FY 2018: 0.0%FY 2019: -0.3%FY 2020: -2.3%FY 2021: -1.1%FY 2022: 0.7%FY 2023: -1.3%FY 2024: -2.9%FY 2025: -7.1%FY 2026: -6.0%
FY 2017 5y median -2.9% FY 2026

Profitability

Gross Margin 32.7%
FY 2017: 84.1%FY 2018: 81.4%FY 2019: 78.9%FY 2020: 69.8%FY 2021: 66.9%FY 2022: 66.9%FY 2023: 60.2%FY 2024: 73.4%FY 2025: 77.4%FY 2026: 32.7%
FY 2017 5y median 66.9% FY 2026
Operating Margin 32.7%
FY 2017: 21.3%FY 2018: 22.9%FY 2019: 19.2%FY 2020: 17.1%FY 2021: 23.7%FY 2022: 23.7%FY 2023: 22.5%FY 2024: 22.5%FY 2025: 26.8%FY 2026: 32.7%
FY 2017 5y median 23.7% FY 2026
Net Margin 18.3%
FY 2017: 51.8%FY 2018: 23.3%FY 2019: 10.1%FY 2020: 9.5%FY 2021: 12.8%FY 2022: 12.8%FY 2023: 36.0%FY 2024: 11.5%FY 2025: 15.8%FY 2026: 18.3%
FY 2017 5y median 15.8% FY 2026
ROE 8.4%
FY 2017: 38.3%FY 2018: 18.9%FY 2019: 7.7%FY 2020: 6.4%FY 2021: 11.9%FY 2022: 9.9%FY 2023: 26.4%FY 2024: 7.7%FY 2025: 7.7%FY 2026: 8.4%
FY 2017 5y median 8.4% FY 2026
ROIC 4.4%
FY 2017: 4.5%FY 2018: 6.7%FY 2019: 4.2%FY 2020: 2.7%FY 2021: 4.5%FY 2022: 3.4%FY 2023: 4.3%FY 2024: 3.5%FY 2025: 3.8%FY 2026: 4.4%
FY 2017 5y median 3.8% FY 2026
ROA 3.0%
FY 2017: 11.8%FY 2018: 6.0%FY 2019: 2.4%FY 2020: 1.9%FY 2021: 3.5%FY 2022: 2.5%FY 2023: 8.4%FY 2024: 2.3%FY 2025: 2.7%FY 2026: 3.0%
FY 2017 5y median 2.7% FY 2026

Growth (YoY)

Revenue -2.2%
FY 2017: 13.8%FY 2018: 1.4%FY 2019: -2.1%FY 2020: -10.5%FY 2021: 38.1%FY 2022: 0.0%FY 2023: 17.4%FY 2024: -8.4%FY 2025: -7.4%FY 2026: -2.2%
FY 2017 FY 2026
Operating Income 19.0%
FY 2017: -0.5%FY 2018: 8.9%FY 2019: -17.8%FY 2020: -20.6%FY 2021: 91.8%FY 2022: 0.0%FY 2023: 11.6%FY 2024: -8.3%FY 2025: 10.3%FY 2026: 19.0%
FY 2017 FY 2026
EPS (diluted) 9.1%
FY 2017: -5.0%FY 2018: 29.2%FY 2019: -53.7%FY 2020: -16.7%FY 2021: 75.4%FY 2022: 4.1%FY 2023: 205.3%FY 2024: -70.1%FY 2025: 6.5%FY 2026: 9.1%
FY 2017 FY 2026
Free Cash Flow -12.7%
FY 2017: -34.9%FY 2018: -99.2%FY 2019: -1018.4%FY 2020: -735.6%FY 2021: 51.9%FY 2022: 188.9%FY 2023: -272.2%FY 2024: -116.6%FY 2025: -166.8%FY 2026: -12.7%
FY 2017 FY 2026

Financial Health

Current Ratio 0.8×
FY 2017: 1.3×FY 2018: 0.8×FY 2019: 0.9×FY 2020: 0.7×FY 2021: 1.1×FY 2022: 0.7×FY 2023: 1.0×FY 2024: 0.9×FY 2025: 1.3×FY 2026: 0.8×
FY 2017 5y median 0.9× FY 2026
Quick Ratio 0.7×
FY 2017: 1.3×FY 2018: 0.7×FY 2019: 0.8×FY 2020: 0.6×FY 2021: 1.0×FY 2022: 0.7×FY 2023: 0.9×FY 2024: 0.8×FY 2025: 1.3×FY 2026: 0.7×
FY 2017 5y median 0.8× FY 2026
Debt / Equity 1.2×
FY 2017: 1.4×FY 2018: 1.4×FY 2019: 1.5×FY 2020: 1.6×FY 2021: 1.6×FY 2022: 1.9×FY 2023: 1.5×FY 2024: 1.6×FY 2025: 1.3×FY 2026: 1.2×
FY 2017 5y median 1.5× FY 2026
Net Debt / EBITDA 5.9×
FY 2017: 5.8×FY 2018: 4.9×FY 2019: 6.4×FY 2020: 8.0×FY 2021: 5.0×FY 2022: 7.0×FY 2023: 5.9×FY 2024: 6.8×FY 2025: 6.1×FY 2026: 5.9×
FY 2017 5y median 6.1× FY 2026
Interest Coverage 4.5×
FY 2017: 3.4×FY 2018: 3.7×FY 2019: 3.1×FY 2020: 2.3×FY 2021: 6.4×FY 2022: 4.1×FY 2023: 3.5×FY 2024: 3.3×FY 2025: 3.6×FY 2026: 4.5×
FY 2017 5y median 3.6× FY 2026

Dividends

Dividend Yield 2.6%
FY 2017: 3.7%FY 2018: 13.9%FY 2019: 3.7%FY 2020: 2.6%FY 2021: 4.0%FY 2022: 2.1%FY 2023: 3.6%FY 2024: 4.0%FY 2025: 3.2%FY 2026: 2.6%
FY 2017 5y median 3.2% FY 2026
Payout Ratio 50.1%
FY 2017: 19.6%FY 2018: 119.1%FY 2019: 76.9%FY 2020: 72.5%FY 2021: 56.7%FY 2022: 40.8%FY 2023: 20.1%FY 2024: 75.1%FY 2025: 51.9%FY 2026: 50.1%
FY 2017 5y median 50.1% FY 2026

Annual · latest fiscal year ends 2026-03-31