National Grid

NG · LSE · GBp

1,134.00 GBpChange from previous close: −1.00%Absolute change: −11.50 GBp

Close · October 1, 2026

Valuation

Data as of October 2, 2026

Valuation multiples

Market cap
£57B
Enterprise value
£101.9B
P/E (trailing 12 months)
17.2
Forward P/E
11.6
PEG
0.96
Price/book
143.5
Price/sales
3.22
EV/EBITDA
14.5
EV/revenue
5.76

Profitability and growth

Gross margin
100.0%
Operating margin
32.6%
Net margin
18.3%
ROE
8.4%
ROA
3.0%
Revenue growth (year over year)
2.0%
Earnings growth (year over year)
14.4%

Financial health

Total cash
£2.83B
Total debt
£47.71B
Debt/equity
1.21
Current ratio
0.76
Quick ratio
0.65

Dividends

Annual dividend per share
0.48 GBp
Dividend yield
4.2%
Payout ratio
72.1%
Ex-dividend date
May 28, 2026

Analysts and estimates

Average price target
1,345.33 GBp
Median price target
1,375.00 GBp
High price target
1,500.00 GBp
Low price target
1,060.00 GBp
Analysts with a price target
15
Consensus
Buy
Forward EPS
0.98 GBp
EPS estimate, current year
0.89 GBp

Shares and trading

Beta
0.59
Average volume
10.02M
Shares outstanding
5.03B
Float
4.93B
Institutional ownership
60.6%
Insider ownership
0.1%