National Grid/£NG
07:00
09:10
11:15
13:25
15:30
1D1W1MYTD1Y5YMAX
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
£52B
16.92
£0.61
0.30
£0.47
4.50%
Price and volume
Market cap
£52B
Beta
0.3
52-week high
£10.94
52-week low
£8.84
Average daily volume
7M
Dividend rate
£0.47
Financial strength
Current ratio
1.349
Quick ratio
1.039
Long term debt to equity
115.524
Total debt to equity
127.849
Dividend payout ratio (TTM)
52.69%
Interest coverage (TTM)
2.97%
Profitability
EBITDA (TTM)
6,794
Gross margin (TTM)
100.00%
Net profit margin (TTM)
15.79%
Operating margin (TTM)
27.15%
Effective tax rate (TTM)
22.49%
Revenue per employee (TTM)
£580,000
Management effectiveness
Return on assets (TTM)
3.04%
Return on equity (TTM)
8.36%
Valuation
Price to earnings (TTM)
16.92
Price to revenue (TTM)
2.661
Price to book
1.34
Price to tangible book (TTM)
2.06
Price to free cash flow (TTM)
-19.578
Free cash flow yield (TTM)
-5.11%
Free cash flow per share (TTM)
-0.531
Dividend yield (TTM)
4.50%
Growth
Revenue change (TTM)
-7.42%
Earnings per share change (TTM)
-0.54%
3-year revenue growth (CAGR)
-0.13%
10-year revenue growth (CAGR)
3.24%
3-year earnings per share growth (CAGR)
-1.89%
10-year earnings per share growth (CAGR)
0.67%
3-year dividend per share growth (CAGR)
-2.86%
10-year dividend per share growth (CAGR)
-0.01%
What the Analysts think about National Grid
Analyst ratings (Buy, Hold, Sell) for National Grid stock.
Bulls say / Bears say
National Grid reported adjusted operating profit of £5.36 billion for the year ending March 31, beating analyst expectations of £5.29 billion, driven by solid performance in UK transmission and U.S. New York operations.
The company confirmed it will invest £60 billion in energy networks through March 2029, supporting a clear long-term capital expenditure plan to drive grid decarbonisation and asset growth.
National Grid submitted a three-year rate plan to the New York Public Service Commission, proposing a 9.5% return on equity and $1.43 billion in up-front electricity infrastructure investments, boosting revenue visibility in its U.S. regulated operations.
National Grid took a £303 million impairment charge on its Community Offshore Wind joint venture in New York, which highlights policy uncertainty in the U.S. offshore wind sector and a major write-down of project value.
National Grid's Upstate New York rate plan proposes phased electricity bill increases of $14.32 in the first year, with further rises planned over the following two years, raising concerns about customer resistance and regulatory risk due to higher rates.
Ofgem’s recent approval of a £24 billion infrastructure upgrade package limits permitted returns to 6%, which is significantly lower than National Grid’s current group ROE of about 9%, pointing to possible margin pressure in the next UK price control cycle.
Data summarised monthly by Lightyear AI. Last updated on 31 Aug 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
No upcoming events
FAQs
What’s the current market cap for National Grid stock?
National Grid (NG) has a market cap of £52B as of September 19, 2025.
What is the P/E ratio for National Grid stock?
The price to earnings (P/E) ratio for National Grid (NG) stock is 16.92 as of September 19, 2025.
Does National Grid stock pay dividends?
Yes, the National Grid (NG) stock pays dividends to shareholders. As of September 19, 2025, the dividend rate is £0.4672 and the yield is 4.5%. National Grid has a payout ratio of 52.69% on a trailing twelve-month basis.
When is the next National Grid dividend payment date?
The next National Grid (NG) dividend payment date is unconfirmed.
What is the beta indicator for National Grid?
National Grid (NG) has a beta rating of 0.3. 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.