Valuation National Grid plc

Equities

Real-time Estimate Cboe Europe Other stock markets 15:50:41 10/03/2026 GMT			5-day change	1st Jan Change
1,353.25 ^GBX	+1.56%		+0.44%	+18.38%

03-09	JPMorgan cuts Antofagasta and Rio Tinto	AN
03-09	National Grid plc Price Objective Up as BofA Notes New Business Plan, Earnings Growth Targets	MT

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	30,665	42,733	40,312	39,652	49,387	66,243	-	-
Change	-	39.36%	-5.67%	-1.64%	24.55%	34.13%	-	-
Enterprise Value (EV) ¹	59,211	85,542	81,285	83,259	90,758	111,205	117,318	123,771
Change	-	44.47%	-4.98%	2.43%	9.01%	22.53%	5.5%	5.5%
P/E ratio	18.7x	18x	5.17x	17.3x	16.4x	17.7x	15.3x	14.3x
PBR	1.53x	1.77x	1.36x	1.32x	1.26x	1.65x	1.56x	1.5x
PEG	-	0.4x	0x	-0.2x	-33.73x	0.8x	1x	2.01x
Capitalization / Revenue	2.07x	2.32x	1.86x	2x	2.69x	3.41x	3.23x	2.92x
EV / Revenue	4.01x	4.64x	3.75x	4.19x	4.94x	5.73x	5.73x	5.46x
EV / EBITDA	12.9x	15.2x	12.9x	11.1x	12x	13.7x	12.7x	12x
EV / EBIT	20.2x	22.4x	18.9x	15.2x	19x	19.1x	17.5x	16.6x
EV / FCF	-181x	72.9x	13,547x	-162x	-46x	-36.9x	-31x	-27x
FCF Yield	-0.55%	1.37%	0.01%	-0.62%	-2.17%	-2.71%	-3.23%	-3.71%
Dividend per Share ²	0.4916	0.5097	0.5544	0.5852	0.4672	0.482	0.4932	0.5037
Rate of return	5.69%	4.35%	5.06%	5.49%	4.63%	3.62%	3.7%	3.78%
EPS ²	0.463	0.65	2.121	0.617	0.614	0.7509	0.8691	0.931
Distribution rate	106%	78.4%	26.1%	94.8%	76.1%	64.2%	56.7%	54.1%
Net sales ¹	14,779	18,449	21,659	19,850	18,378	19,399	20,478	22,689
EBITDA ¹	4,598	5,643	6,278	7,523	7,532	8,142	9,274	10,306
EBIT ¹	2,926	3,813	4,294	5,462	4,765	5,809	6,697	7,456
Net income ¹	1,640	2,353	7,797	2,290	2,902	3,804	4,326	4,717
Net Debt ¹	28,546	42,809	40,973	43,607	41,371	44,962	51,076	57,528
Reference price ²	8.64	11.72	10.96	10.66	10.10	13.32	13.32	13.32
Nbr of stocks (in thousands)	3,549,181	3,644,928	3,676,413	3,719,722	4,892,261	4,971,309	-	-
Announcement Date	20/05/21	19/05/22	18/05/23	23/05/24	15/05/25	-	-	-

¹GBP in Million²GBP

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
NATIONAL GRID PLC	17.69x	5.77x	13.76x	3.62%	88.74B
ENGIE	14.34x	1.61x	8.03x	5.29%	74.12B
SEMPRA	18.41x	6.89x	15.6x	2.83%	61.09B
EON SE	17.49x	1.09x	9.53x	3.19%	55.87B
RWE AG	23.17x	2.18x	10.39x	2.24%	43.88B
PUBLIC SERVICE ENTERPRISE GROUP, INC.	19.37x	5.33x	13.57x	3.16%	41.91B
DUBAI ELECTRICITY AND WATER AUTHORITY	16.32x	5.05x	9.59x	4.37%	39.07B
ACWA POWER COMPANY	42.77x	16.98x	27.14x	0.76%	33.52B
Average	21.19x	5.61x	13.45x	3.18%	54.77B
Weighted average by Cap.	19.70x	5.02x	12.80x	3.4%