37/100BNational Grid stock forecast 2027–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for National Grid is 85.50, 1.4% above the current price of 84.31. Their targets range from 85.50 to 85.50.
Of the 2 firms that rated National Grid in the past 12 months, 0 rate it buy or strong buy, 1 hold and 1 sell or strong sell (each firm at its latest rating): a Hold consensus.
Analysts' 1-year price targets range from 85.50 to 85.50, with an average of 85.50.
| 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 price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
How analysts rate National Grid, month by monthWhat 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.
0 of 2 firms rate it buy now, against 0 of 2 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
National Grid analyst upgrades, downgrades and price targets
The latest rating change came on 18 March 2026, when Jefferies downgraded National Grid from Buy to Hold. The most recent new target came from National Bank on 12 December 2025: 85.50.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 18 Mar 2026 | Jefferies | Downgraded · Buy → Hold | — | — | — |
| 16 Mar 2026 | UBS | Downgraded · Neutral → Sell | — | — | — |
| 12 Dec 2025 | National Bank | — | 85.50 | — | 74.67 |
National Grid EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect National Grid's EPS to grow 23.4% a year until 2028. Over the last 5 years it grew 2.0% a year, and over the last 3 years it fell 29.7%.
Analysts expect National Grid's revenue to grow 11.3% a year until 2029. Over the last 5 years it fell 0.8% a year, and over the last 3 years it fell 6.5%.
Revenue
EPS
Does National Grid beat earnings estimates?What 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.
On average, analysts' EPS estimate was 14.2% off the result, either way, and their revenue estimate 10.6%, over the last 12 quarters.
- EPS beats
- 12 / 14
- Revenue beats
- 6 / 14
- Average EPS surprise, last 12What 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.
- +5.9%
- Since
- June 2020
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| H1 FY2027 | 5 Nov 2026 | 2.29 | 2.46 | +7.4% | 10.15B | 8.73B | -14.0% |
| H2 FY2026 | 14 May 2026 | 3.24 | 3.26 | +0.6% | 16.36B | 14.34B | -12.3% |
| H1 FY2026 | 6 Nov 2025 | 1.85 | 1.95 | +5.4% | 11.22B | 7.60B | -32.2% |
| H2 FY2025 | 15 May 2025 | 2.82 | 3.06 | +8.5% | 16.34B | 14.08B | -13.8% |
| H1 FY2025 | 7 Nov 2024 | 1.77 | 1.83 | +3.4% | 11.68B | 10.53B | -9.8% |
| H2 FY2024 | 23 May 2024 | 2.64 | 2.70 | +2.3% | 14.07B | 14.40B | +2.3% |
| H2 FY2024 | 19 Mar 2024 | 1.43 | 1.77 | +23.8% | 11.10B | 10.33B | -7.0% |
| H2 FY2023 | 6 Jun 2023 | 1.31 | 1.34 | +2.3% | 11.10B | 10.43B | -6.1% |
| H1 FY2023 | 10 Nov 2022 | 1.45 | 1.74 | +20.0% | 10.43B | 11.03B | +5.8% |
| H2 FY2022 | 19 May 2022 | 2.47 | 3.45 | +39.7% | 11.62B | 13.65B | +17.5% |
| H1 FY2022 | 18 Nov 2021 | 1.30 | 0.65 | -50.0% | 9.16B | 9.35B | +2.1% |
| H2 FY2021 | 20 May 2021 | 2.25 | 2.41 | +7.1% | 11.18B | 11.68B | +4.5% |
National Grid stock price 2027–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If National Grid's earnings keep growing at the 12.9% a year analysts expect to FY2028, it would earn about 8.46 a share in FY2030. At the P/E it has traded at over the last five years (5.8 to 19.1) that is 48.82 to 161.53 a share, or 133.91 at its average P/E of 15.8. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2027 | 6.10 | 35.21 | 96.57 | 116.49 |
| FY2028 | 6.64 | 38.32 | 105.09 | 126.77 |
| FY2029 (extrapolated) | 7.49 | 43.25 | 118.63 | 143.10 |
| FY2030 (extrapolated) | 8.46 | 48.82 | 133.91 | 161.53 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 12.9% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (5.8, 15.8, 19.1).
Is National Grid stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
National Grid's P/E of 15.8 is below the middle of its 5-year range (4.9 to 30.9, median 18.1). Analysts do not expect slower growth than in recent years, so it is cheaper than its usual level. Buyers pay less for each point of growth than usual: a PEG of 0.7 on expected growth against 9.1 on its median P/E and past five years' growth. Growing 23.4% a year, National Grid earns a P/E of 23.4 at a PEG of 1 (at most 25): × the next twelve months' EPS of 6.44, a fair value of 150.49; the price, 84.31, is 44.0% below it. Its forward P/E, on the consensus for FY2027, is 13.8.
Fair value on growth is a P/E equal to the EPS growth analysts expect a year (a PEG of 1, at most 25) times the earnings per share of the next twelve months; the ends of the bar are a PEG of 0.75 and 1.25 (a P/E of 17.5 and 29.2). The price against its P/E range
- 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
- Five-year median 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.
- 18.07
- Five-year P/E range
- 4.9 – 30.9
- 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
- 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.
- 1.22
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +1.4%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.760 | 71.4258Price 35.76193 | +99.7% | |
| 29.080 | 56.2434Price 29.0896 | +93.4% | |
| 240.360 | 464.26205Price 240.36627 | +93.2% | |
| 202.040 | 384.58163Price 202.042,644 | +90.3% | |
| 161.340 | 305.52160Price 161.34396 | +89.4% | |
| 125.395 | 237.44178Price 125.40297 | +89.4% | |
| 159.580 | 300.48225Price 159.58376 | +88.3% |
Furthest below the fair value on each stock's page, updated every day.