37/100B84.310
USD
0.70
(0.84%)
Market Closed
Last updated: · Delayed 15 min
Fair value150.49Plus-44%113Price 84.31188
H2 FY2027 · Earnings report
EPS estimate 3.83Revenue estimate 14.91B
H2 FY2027 · Earnings report
EPS estimate 3.83Revenue estimate 14.91B
If you had invested in National Grid ago, it would be worth $2,453 today, against $4,081 in SPY and $6,291 in QQQ.
Arincen ScoreWhat is the Arincen Score? The Arincen Score grades a company out of 100 from 30 checks on its own reported figures, five checks in each of six parts.Beta
37/100
Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.
Profitability6
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Cash2
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Valuation8
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Growth4
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Financial strength0
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Shareholders2
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Figures to FY2026; the price as of today.
National Grid key facts
- StyleWhat does a stock's style mean? The style label sorts a stock as growth, value, dividend, blend or speculative, with a 1 to 10 meter showing how strongly it fits.
- Value stock · 6.1/10Growth 3.4 · Value 6.1 · Dividend 6.1
- Day range
- 83.750 – 84.680
- 52-week range
- 73.370 – 94.640
- Market capitalizationWhat is market capitalization? Market cap is what the stock market values a whole company at: its share price times the number of its shares outstanding.
- 84.76B USD
- P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 15.75
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 0.67
- EPSWhat is EPS (earnings per share)? EPS (earnings per share) is a company's net income divided by its number of shares: the profit that belongs to each share over a period.
- 5.35
- Div YieldWhat is dividend yield? Dividend yield is a year of dividends as a percentage of the share price: the income a shareholder receives for each dollar invested at today's price.
- 2.71%
- EPS growth forecast (FY2027)
- +17.1%
- Volume
- 21,360
- BetaWhat is beta in stocks? Beta measures how much a stock tends to move when the whole market moves: 1 moves with it, under 1 is calmer, over 1 swings more.
- 0.59
- ESG scoreWhat is an ESG score? An ESG score rates how a company handles the environment, its people and its governance, out of 100. Higher is better.
- 67.9/100Environment 66 · Social 64 · Governance 74
- Sector
- Utilities
- Industry
- Regulated Electric
- CEO
- Zoë Yujnovich
- Employees
- 33K
- Website
- nationalgrid.com
- IPO date
- 10 Aug 2005
National Grid earningsWhat is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
Next earnings · H2 FY2027
EPS estimate
3.83 USD
Revenue estimate
14.91B USD
Last quarter · H1 FY2027
EPS2.46Beat +7.4%Revenue8.73BMissed -14.0%
Revenue
ReportedEstimate
EPS
ReportedEstimate
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|---|
| H2 FY2027 | 3.83 | — | — | +17.48% | 14.91B | — | — | +3.95% | |
| H1 FY2027 | 2.29 | 2.46 | +7.42% | +26.15% | 10.15B | 8.73B | -14.05% | +14.84% | |
| H2 FY2026 | 3.24 | 3.26 | +0.62% | +6.54% | 16.36B | 14.34B | -12.34% | +1.82% | |
| H1 FY2026 | 1.85 | 1.95 | +5.41% | +6.56% | 11.22B | 7.60B | -32.24% | -27.85% | |
| H2 FY2025 | 2.82 | 3.06 | +8.51% | +13.33% | 16.34B | 14.08B | -13.79% | -2.18% | |
| H1 FY2025 | 1.77 | 1.83 | +3.39% | — | 11.68B | 10.53B | -9.80% | — | |
| H2 FY2024 | 2.64 | 2.70 | +2.27% | +101.49% | 14.07B | 14.40B | +2.31% | +38.04% |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2028 | 6.64 | — | — | +8.83% | 29.56B | — | — | +9.66% |
| FY2027 | 6.10 | — | — | +17.09% | 26.95B | — | — | +22.85% |
| FY2026 | 5.28 | 5.21 | -1.24% | +6.54% | 26.35B | 21.94B | -16.74% | -10.87% |
| FY2025 | 4.73 | 4.89 | +3.47% | — | 27.42B | 24.62B | -10.24% | — |
| FY2023 | 3.94 | 3.08 | -21.83% | -24.88% | 22.64B | 21.46B | -5.20% | -6.73% |
| FY2022 | 3.85 | 4.10 | +6.36% | +18.84% | 21.29B | 23.01B | +8.09% | +13.55% |
Analysts' estimates for FY2027 over the last 7 days:EPS Revenue How the estimates moved
National Grid analyst forecastWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
12-month price target
85.50 USD
+1.41%
Analysts' 1-year price targets range from 85.50 to 85.50, with an average of 85.50.
Past year
1-year forecast
Strong sellStrong buy
Hold
2 ratings
| Buy | 0 | |
| Hold | 1 | |
| Sell | 1 |
12-month price target
| Highest target | 85.50 |
| Average target | 85.50 |
| Lowest target | 85.50 |
| Current price | 84.31 |
National Grid valuationWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 15.75
- Forward P/E (FY2027)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 13.82
- Price to sales (TTM)What is the P/S ratio? The price-to-sales ratio compares a company's market value with its revenue over the last year: what you pay for each dollar of sales.
- 3.39
- Price to bookWhat is the P/B ratio? The price-to-book ratio compares a company's market value with its book value, the shareholders' equity on its balance sheet.
- 1.60
- EV / EBITDA (TTM)What is EV/EBITDA? EV/EBITDA compares a company's whole value, debt included and cash taken off, with a year of its earnings before interest, tax and depreciation.
- 13.05
Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.
Market capitalization
84.76B USD
+
Total debt
68.14B USD
−
Cash and short-term investments
4.42B USD
=
Enterprise value
148.49B USD
Valuation over time
P/EForward P/EForward P/E · EstimateEstimate
National Grid against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.
Each figure in the latest fiscal year against the same figure from FY2022 to FY2026: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.
Its peers: Duke Energy, The Southern, American Electric Power Company, Dominion Energy, Entergy, and Xcel Energy, the US Regulated Electric companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.
- P/E (today)Below its median15.84.930.9
- Gross marginLowest in 5 years33.2%33.2%77.4%Against its peers: 3 of 7Peers' median 31.7%
- Operating marginHighest in 5 years30.7%22.5%30.7%Against its peers: 1 of 7Peers' median 24.5%
- Net marginAbove its median18.3%11.5%36.0%Against its peers: 1 of 7Peers' median 15.0%
- Return on equityAt its median8.2%7.7%26.4%Against its peers: 7 of 7Peers' median 10.3%
- Free cash flow marginLowest in 5 years-21.6%-21.6%1.8%Against its peers: 5 of 7Peers' median -15.7%
- Revenue growthAt its median-3.8%-8.4%17.4%Against its peers: 7 of 7Peers' median 9.3%
- EPS growthAbove its median8.9%-70.1%205.5%Against its peers: 5 of 7Peers' median 14.9%
- Debt to EBITDABelow its median5.98×5.93×7.07×Against its peers: 7 of 7Peers' median 5.49×
- Current ratioBelow its median0.760.731.35Against its peers: 2 of 7Peers' median 0.68
Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.
National Grid growth and profitabilityWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.
- Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.
- 18.92B GBP
- Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
- 4.01B GBP
- Gross marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.
- 65.25%
- Operating margin
- 34.71%
- Net margin
- 21.18%
Revenue / Net income
Revenue Net income Net margin
National Grid revenue breakdown
By product
FY2026
74.8%Distribution21.2%Transmission2.1%Generation1.9%Other Product And Services
| Segment | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Distribution | 13.12B | 74.8% | +1.8% |
| Transmission | 3.72B | 21.2% | +5.4% |
| Generation | 364.00M | 2.1% | -5.2% |
| Other Product And Services | 327.00M | 1.9% | +2.8% |
By region
FY2026
69.1%United States30.9%Country of domicile
| Region | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| United States | 12.22B | 69.1% | +4.7% |
| Country of domicile | 5.47B | 30.9% | -18.4% |
How National Grid makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
Distribution13.12B 74.2%
Transmission3.72B 21.0%
Generation364.00M 2.1%
Other Product And Services327.00M 1.8%
Revenue17.69B 100.0%
Cost of revenue12.10B 68.4%
Gross profit5.87B 33.2%
Other operating expenses438.93M 2.5%
Operating income5.43B 30.7%
Tax954.27M 5.4%
Other expense1.24B 7.0%
Net income3.24B 18.3%
FY2026, in GBP. Each band is as wide as its money; the percentage is its share of revenue.
FY2026, in GBP. Each band is as wide as its money; the percentage is its share of revenue.
National Grid dividendsWhat is dividend yield? Dividend yield is a year of dividends as a percentage of the share price: the income a shareholder receives for each dollar invested at today's price.
- Annual dividend
- 2.29 USD
- Dividend yield (indicated)What is dividend yield? Dividend yield is a year of dividends as a percentage of the share price: the income a shareholder receives for each dollar invested at today's price.
- 2.71%
- Payout ratioWhat is the payout ratio? The payout ratio is the share of a company's earnings paid out as dividends: dividends per share divided by earnings per share (EPS).
- 81.89%
- Frequency
- Semi-annual
- Next payment
- 1.14 USD
- Next ex-dividend dateWhat is the ex-dividend date? The ex-dividend date is the first day a stock trades without its next dividend: buy before it to receive the payment; buy on or after it and the seller gets it.
- 20 Nov 2026
- Next payment date
- 12 Jan 2027
Dividends per share
National Grid financial health
- Cash and short-term investments
- 3.35B GBP
- Total debt
- 51.57B GBP
- Net cash
- -48.22B GBP
- Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.
- -3.67B GBP
- Current ratioWhat is the current ratio? The current ratio is current assets divided by current liabilities: whether what a company will turn into cash within a year covers what it owes within a year.
- 0.62
- Debt to equityWhat is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
- 1.29
- Piotroski scoreWhat is the Piotroski F-Score? The Piotroski F-Score rates a company's financial strength from 0 to 9: one point for each of nine tests of profit, debt and efficiency it passes.
- 6 / 9
- Altman Z-scoreWhat is the Altman Z-Score? The Altman Z-Score rolls five financial ratios into one number that signals a company's risk of bankruptcy: over 3 is safe, under 1.8 is distress.
- 1.32
Cash, debt and free cash flow
Cash and short-term investments Total debt Free cash flow
National Grid ownershipWhat is institutional ownership? Institutional ownership is the share of a company's stock held by funds, banks and other investment managers, as they report it each quarter on Form 13F.
- InstitutionsWhat is institutional ownership? Institutional ownership is the share of a company's stock held by funds, banks and other investment managers, as they report it each quarter on Form 13F.
- 6.59%
- Institutional holders
- 640 (+32)
- Free floatWhat is free float? Free float is the part of a company's shares that anyone can buy and sell: all its shares minus those held by insiders, founders and owners of over 5%.
- 100.00%
Who owns the shares
Institutions 6.6% Others 93.4%
As of 30 Jun 2026
Shares free to trade
Free float 1.01B shares ·100.0% Closely held 1.01K shares ·0.0%
Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.
Shares outstanding
Basic shares Diluted shares Change in diluted shares
Source: Financial Modeling Prep
Title: National Grid PLC
Sector: Utilities
Industry: Regulated Electric
National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its UK gas transmission business in fiscal 2023 to fund the acquisition of PPL's UK power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission electricity networks in the United States, metering services and merchant transmission lines in the UK.