National Grid/£NG
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About National Grid
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 and electricity generation in the United States, metering services, merchant transmission lines in the UK, and the Grain (UK) liquefied natural gas facility.
Ticker
£NG
Sector
Primary listing
LSE
Employees
31,654
Headquarters
Website
National Grid Metrics
BasicAdvanced
£58B
-
-£10.92
0.56
£0.47
4.03%
Price and volume
Market cap
£58B
Beta
0.56
52-week high
£11.84
52-week low
£8.84
Average daily volume
8.7M
Dividend rate
£0.47
Financial strength
Current ratio
0.972
Quick ratio
0.751
Long term debt to equity
113.628
Total debt to equity
123.365
Dividend payout ratio (TTM)
56.13%
Interest coverage (TTM)
3.18%
Profitability
EBITDA (TTM)
7,142
Gross margin (TTM)
100.00%
Net profit margin (TTM)
16.43%
Operating margin (TTM)
30.28%
Effective tax rate (TTM)
24.18%
Revenue per employee (TTM)
£550,000
Management effectiveness
Return on assets (TTM)
3.22%
Return on equity (TTM)
7.87%
Valuation
Price to revenue (TTM)
3.253
Price to book
1.54
Price to tangible book (TTM)
2.36
Price to free cash flow (TTM)
-29.016
Free cash flow yield (TTM)
-3.45%
Free cash flow per share (TTM)
-0.399
Dividend yield (TTM)
4.03%
Growth
Revenue change (TTM)
-9.52%
Earnings per share change (TTM)
-2,583.61%
3-year revenue growth (CAGR)
-5.86%
10-year revenue growth (CAGR)
1.09%
3-year earnings per share growth (CAGR)
133.67%
10-year earnings per share growth (CAGR)
33.25%
What the Analysts think about National Grid
Analyst ratings (Buy, Hold, Sell) for National Grid stock.
Bulls say / Bears say
Ofgem has given provisional approval to a £24 billion investment plan for UK energy networks, allocating an initial £4.2 billion to National Grid’s electricity transmission unit. This secures funding and regulatory clarity for April 2026 to March 2031. (Reuters)
National Grid reported a full-year adjusted operating profit of £5.36 billion for FY 2025, beating analyst expectations of £5.29 billion. The company reaffirmed plans to invest £60 billion into energy networks through March 2029, driven by strong performance in UK transmission and New York. (Reuters)
National Grid agreed to sell its Grain LNG terminal for about £1.5 billion to Centrica and Energy Capital Partners, streamlining its business, raising funds for its core network investments, and reducing debt. (Reuters)
RBC Capital Markets downgraded National Grid to 'sector perform,' citing limited upside at current valuation levels and highlighting risks from the RIIO-T3 draft determination that could cap UK regulated returns. (Reuters)
The company recorded a £303 million impairment on its Community Offshore Wind project in New York after halting development due to US policy uncertainty under the Trump administration, exposing National Grid to unregulated political risk. (Reuters)
Selling the Grain LNG terminal eliminates approximately £100 million in annual EBITDA from National Grid's portfolio, reducing its exposure to diversified energy infrastructure. (WSJ)
Data summarised monthly by Lightyear AI. Last updated on 3 Nov 2025.
National Grid Financial Performance
Revenues and expenses
National Grid Earnings Performance
Company profitability
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.
Capital at risk
Upcoming events
FAQs
What’s the current market cap for National Grid stock?
National Grid (NG) has a market cap of £58B as of November 08, 2025.
What is the P/E ratio for National Grid stock?
The price to earnings (P/E) ratio for National Grid (NG) stock is 0 as of November 08, 2025.
Does National Grid stock pay dividends?
Yes, the National Grid (NG) stock pays dividends to shareholders. As of November 08, 2025, the dividend rate is £0.4672 and the yield is 4.03%. National Grid has a payout ratio of 56.13% on a trailing twelve-month basis.
When is the next National Grid dividend payment date?
The next National Grid (NG) dividend payment is scheduled for January 13, 2026.
What is the beta indicator for National Grid?
National Grid (NG) has a beta rating of 0.56. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.