StockDecksNational Grid plc
Utilities · Utilities - Regulated Electric
The four fundamentals ratings
Each rating is built from the measures listed beneath it. Values are the latest reported figures; the rating beside each one is how that measure scores on our −100 to +100 scale.
Debt levels, liquidity and how solid the balance sheet looks.
| Debt to equity | 1.21 × | -95 |
| Current ratio | 0.76 × | -42 |
| Quick ratio | 0.65 × | -27 |
| FCF / Total debt | -0.07 × | -93 |
| Buybacks vs new shares | Raised 39M GBP by issuing new shares last year | -1 |
Margins, and the returns being earned on the capital employed.
| Gross margin | 100 % | +99 |
| Operating margin | 32.6 % | +92 |
| Net margin | 18.3 % | +91 |
| Return on equity | 8.4 % | -14 |
| Gross profit / assets | 13 % | -20 |
| Asset turnover | 0.16 × | — |
| Profit vs cash flow | 3.2B GBP profit, generated 7.8B GBP cash — profits fully cash-backed | +35 |
The direction and pace of revenue and earnings.
| Revenue growth (YoY) | 2 % | 0 |
| Earnings growth (YoY) | 14.4 % | +92 |
| Earnings growth (Q) | 16.4 % | +41 |
What you pay relative to what the business actually delivers.
| P/E (trailing) | 18.62 × | -6 |
| Forward P/E | 1238.97 × | -100 |
| PEG ratio | 1.04 × | +59 |
| Price/Book | 153.19 × | -100 |
| Price/Sales | 3.44 × | +47 |
| EV/EBITDA | 14.82 × | +2 |
| FCF yield | -5.1 % | -96 |
Key figures
| Sector | Utilities |
| Industry | Utilities - Regulated Electric |
| Market cap | $60.9B |
| Dividend yield | 4.08% |
| Payout ratio | 72.11% |
| Beta | 0.58 |
About National Grid plc
National Grid plc engages in the transmission and distribution of electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and Other segments.
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The figures above were captured on 20 October 2026. Open NG.L in StockDecks for the current numbers, plus the four ratings it doesn't show here — Hype, Analyst Upside, Trend Signals and Insider Track — all free.
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