Stock AnalizNational Grid PLC NGG
Natural Gas Distribution · data as of November 13, 2026
National Grid PLC (NGG) is a utility company listed in the US with a market value of about $88.5B. In the twelve months to September 30, 2026 it had revenue of $24.6B and net income of $5.2B, a net margin of 21.3%.
Its overall Stock Analiz score is 1.8 out of 5 (weak). The strongest part is value (3/5); the weakest is financial health (0/5).
Key numbers: a P/E of 16.1, 5-year revenue growth of 8% a year, a 5-year average ROIC of 4%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 38% below the current price.
Score: 1.8 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- PEG below 1.5
- Profit margin improving
- 5-year EPS growth above 10% a year
- Profitable 5 years in a row
- Pays a dividend
- Share count down over 3 years (buybacks)
Checks not passed
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year revenue growth above 8% a year
- 5-year average ROIC above 12%
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.6B | $23.4B | $23.8B | $25.1B | $26.8B | $24.2B | $18.8B | $16.5B | $19.5B | $21.5B | $18.8B |
| Net income | $5.2B | $4.3B | $3.8B | $2.9B | $9.6B | $3.1B | $2.3B | $1.6B | $2.0B | $5.0B | $9.7B |
| Free cash flow | -$4.6B | -$3.6B | — | — | — | — | — | — | — | — | — |
| EPS (diluted) | $5.24 | $4.31 | $3.58 | $2.76 | $9.19 | $2.94 | $2.15 | $1.49 | $1.88 | $4.76 | $9.28 |
| Net margin | 21.3% | 18.3% | 15.8% | 11.5% | 36.0% | 12.8% | 12.0% | 9.5% | 10.1% | 23.3% | 51.8% |
| ROIC | — | — | 4.5% | 4.2% | 5.1% | 4.0% | 3.7% | 3.3% | 4.9% | 6.0% | 5.4% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
Frequently asked questions
What is National Grid’s P/E ratio?
About 16.1, based on the last twelve months of diluted earnings per share (forward P/E about 12.7).
Is National Grid stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 38% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does National Grid pay a dividend?
Yes. The dividend yield is about 3.89%, and it has paid dividends for 10 years in our data.
Is National Grid a good stock to buy?
We do not give buy or sell advice. National Grid scores 1.8 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.