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NYSE · Utilities - Regulated Electric · USD

National Grid plc (NGG) Stock Analysis

National Grid plc (NGG) is a Utilities - Regulated Electric stock listed on NYSE and quoted in US Dollar.

NGG

$78.12

−$0.05 (−0.06%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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NGG Key Statistics

As of Sep 4, 2026
Trading
Open
$77.90
Previous Close
$78.17
Day's Range
77.74–78.60
52-Week Range
69.73–94.64
Volume
845.10K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.59
Valuation
Market Cap
$78.54B
P/E Ratio
17.67
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
11.84
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
0.97
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
4.44
EPS (ttm)Profit attributable to each share over the last twelve months.
4.42
Financials (FY)
Revenue (FY)
$17.69B−3.76%
Net Income (FY)
$3.24B+11.68%
Profit marginThe share of revenue left as profit after all costs and taxes.
18.32%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
1.01B
1-Year Return
+17.99%
Dividend and dates
Dividend
$3.24+4.14%
Ex-Dividend Date
May 29, 2026
Earnings Date
November 5, 2026
Avg Volume
906.55K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

NGG Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+3.65%
2025+35.88%
2024−1.26%
2023+18.82%
2022−12.68%
2021+29.02%
2020−0.75%
2019+38.53%
2018−13.75%
2017+4.23%
2016 (partial year)−16.26%

As of September 4, 2026.

NGG Revenue and Earnings by Fiscal Year

FY ends March
Fiscal yearRevenueNet incomeNet margin
2025$17.69B$3.24B18.3%
2024$18.38B$2.90B15.8%
2023$19.85B$2.29B11.5%
2022$21.66B$7.80B36.0%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$17.69B$14.11B$5.69B$3.24B18.3%
2024$18.38B$14.23B$5.45B$2.90B15.8%
2023$19.85B$14.58B$4.67B$2.29B11.5%
2022$21.66B$13.04B$4.88B$7.80B36.0%

Annual figures as reported, in the company's reporting currency. As of March 31, 2026.

NGG Dividend History

$3.12−55.5% vs 2024

Dividends per share, 2025 · 2 payments

YearDividends per sharePaymentsChange
2026*$2.171
2025$3.122−55.5%
2024$7.023+98.5%
2023$3.542+13.2%
YearDividends per sharePaymentsChange
2026 (partial year)$2.171
2025$3.122−55.5%
2024$7.023+98.5%
2023$3.542+13.2%
2022$3.122−9.1%
2021$3.442+9.4%
2020$3.142+1.6%
2019$3.092−1.0%
2018$3.122−62.5%
2017$8.333+709.2%
2016$1.031

Most recent payment: $2.17 per share, ex-dividend May 29, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

NGG Valuation vs Utilities - Regulated Electric Median

Median of 47 stocks
MetricNGGUtilities - Regulated Electric medianvs median
P/E17.6720.5614% below
P/S ratio4.442.7263% above
Profit margin18.32%13.40%4.9 pts above

Medians across 47 Utilities - Regulated Electric stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values National Grid plc (NGG) at $78.54B. The company sits in the Utilities sector, in the Utilities - Regulated Electric industry. Headcount on file is 33,026.

The most recent close on file for NGG is $78.12, dated September 4, 2026. That is −$0.05 (−0.06%) against the previous close. Over the past 52 weeks the price has ranged from $69.73 to $94.64. The latest close sits 12.03% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $17.69B. Against the prior fiscal year total of $18.38B, that is a change of −3.76%. Net income for the same year was $3.24B. That is +11.68% against the prior fiscal year. Profit margin runs at 18.32%. That is 4.9 percentage points above the Utilities - Regulated Electric median of 13.4%. Earnings per share on a trailing basis come to 4.42.

Across the 4 fiscal years on file, revenue moves from $21.66B in 2022 to $17.69B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

NGG trades at a trailing price-to-earnings ratio of 17.67. That is 14.06% below the Utilities - Regulated Electric median of 20.56. On forward earnings the ratio is 11.84. The PEG ratio, which sets the P/E against expected earnings growth, reads 0.97. Measured against sales, the shares trade at 4.44 times revenue. On price-to-sales that is 63.47% above the Utilities - Regulated Electric median of 2.72. The medians here are taken across 47 Utilities - Regulated Electric companies that report the metric.

Over the trailing twelve months the price has returned +17.99%. Across 10 years the annualized return works out at +6.65%. The reported beta is 0.59. Annualized volatility over the trailing 10 years is 22.99%.

Growth & Income

The trailing dividend yield is 4.14%. That is 0.5 percentage points above the Utilities - Regulated Electric median yield of 3.6%. The indicated annual rate is $3.24 a share. The ex-dividend date on file is May 29, 2026. Dividends are recorded for 11 calendar years; 2026 shows 1 payments totalling $2.17 a share. The year before, 2025, totalled $3.12 a share.

Across the complete calendar years on file, 2019 returned +38.53% and 2018 returned −13.75%. Of the 9 complete calendar years on file, 5 finished higher. So far in 2026 the price is +3.65%.

Peer Comparison

National Grid plc (NGG) operates in the Utilities - Regulated Electric industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
National Grid plc NGG $78.54B 17.7
NextEra Energy, Inc. NEE $174.03B 18.9
The Southern Company SO $101.36B 21.4
Duke Energy Corporation DUK $93.74B 18.3

The Utilities - Regulated Electric industry average P/E ratio is 20.6x. National Grid plc trades at a P/E of 17.7.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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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. The UK Electricity Transmission segment provides electricity transmission networks in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in east and west Midlands, Southwest of England, and South Wales. The New England segment provides electricity and gas supply and distribution, and high-voltage electricity transmission services in New England. The New York segment offers electricity and gas distribution, and electricity transmission services in New York. The National Grid Ventures segment provides transmission services through electricity interconnectors and LNG importation at the Isle of Grain. The Other segment engages in the leasing and sale of commercial property, as well as insurance activities in the United Kingdom. The company was founded in 1990 and is headquartered in London, the United Kingdom.

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