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NGG
National Grid PLC
NYSE· Utilities· Utilities - Regulated Electric· CUSIP 636274409
$82.64+2.30%Price as of Oct 23, 00:43 UTC · updated once a day, after the close
At a glance
National Grid PLC (NGG) is listed on NYSE and classified in Utilities - Regulated Electric, part of the Utilities sector. It is headquartered in London, United Kingdom and has 33,026 employees. The company is worth $83.08B and trades at 18.4x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was £17.69B in fiscal 2026, down 3.8% from the year before. Net income was £3.24B. The share price is 12.7% below its 52-week high of $94.64. It pays a dividend yielding 3.92%. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Renaissance Technologies, at $156.98M. In that quarter, 3 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $83.08B
- P/E
- 18.4x
- Forward P/E
- 12.5x
- P/B
- 9.4x
- Dividend yield
- 3.92%
- Payout
- 72.16%
- EPS
- $4.49
- ROE
- 8.41%
- Profit margin
- 18.32%
- Revenue growth
- +2.00%
- Beta
- 0.58
- 52-week high
- $94.64
- 52-week low
- $73.37
History
Year by year, from the annual reports; dividends from the payments themselves.
Revenue, debt and profit are in GBP, the currency the company reports in — not converted to dollars. Dividends are in dollars.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
Price over time
▲ +22.9% over 5Y.
today you would have $1,723.14▲ +72.3%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|---|
| Year-end price | $81.22 | $77.35 | $59.42 | $67.99 | |
| EPS | £3.26 | — | £2.84 | £9.75 | |
| Dividend yield | 4.62% | 2.68% | 4.03% | 11.81% | 5.20% |
| Profit margin | 17.06% | 18.32% | 15.79% | 11.54% | 36.00% |
| ROE | 7.96% | 8.25% | 7.68% |
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$29.84
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$17.60
Earnings growing 0.0% a year plus a 3.9% dividend yield. Growth capped at 25%.
Earnings
$92.08
Median P/E of 20.5 among peers in the sector.
Earnings
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Cash flow
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Operating
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividends
$49.26
Others in the same sector
Companies of similar size in Utilities, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| CEGConstellation Energy Corp | $255.21 | 24.9x | 2.8x | 0.67% | 15.05% | $90.42B |
| AEPAmerican Electric Power Co Inc | $130.64 | 22.6x | 2.2x | 2.97% | 10.13% | $71.12B |
| DUKDuke Energy CORP | $125.40 | 18.9x | 1.8x | 3.46% | 9.86% | $97.77B |
| SOSouthern Co | $93.82 |
About the company
- 33,026
- London, United Kingdom