National Grid Transco, PLC National Grid PLC: stock overview

NGGNYSEUtilities · Natural Gas Transmission

Price

$84.29

November 13, 2026Market cap $87.6B

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  • The full history: 11 fiscal years, from FY2016
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

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In short

National Grid Transco, PLC National Grid had revenue of $23.3B in the fiscal year to March 31, 2026 and net income of $4.3B, a net margin of 18.3%. Revenue grew by 5.3% a year on average over the last 5 years. At $84.29 the shares trade at a P/E of 20.5, against a median of 18.0 over the last 5 fiscal years. It has net debt of $56.0B. It pays a dividend yielding 2.44%.

From its SEC filings (latest fiscal year to March 31, 2026) and the price of November 13, 2026.

Its SEC filings
Market cap
$87.6B
1.04B shares
P/E
20.5
Today20.5
Median18.0
Revenue, fiscal year
$23.3B
+5.3% a year over 5 years
Net margin
18.3%

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2024–FY2026 fiscal years

-5.6% a year over 2 years

  • FY2026Mar 31, 202620-F
    Revenue$23.3B
  • FY2025Mar 31, 202520-F
    Revenue$23.7B
  • FY2024Mar 31, 202420-F
    Revenue$25.1B

Fiscal years in figures

NGG's revenue, profit, cash flow and dividend with each year-end price, from FY2016 to FY2023, 8 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $67.4B
$87.6B
Enterprise value 
$144B
P/E 3-year median: 18.9
20.5
EV / EBIT 
20.1
EV / Revenue 
6.2
P/B 3-year median: 1.4
1.7
FCF yield 3-year median: -3.2%
–
Earnings yield 3-year median: 5.3%
4.9%

Profitability

Operating margin 
30.7%
Net margin 3-year median: 15.8%
18.3%
ROIC 
5.2%
ROIC, 5-year average 
5.3%
ROE, fiscal year 
8.2%

Growth

Revenue, yearly change 
-3.8%
EPS, yearly change 
+6.2%
FCF, yearly change 
–
Revenue, average a year 
+5.3%
EPS, average a year 
+7.1%

The yearly change compares FY2026 with FY2025.

Balance sheet

Cash 
$494M
Total debt 
$56.5B
Net debt 
$56.0B
Net debt / EBITDA 
–
Interest cover 
–
Current ratio 
–

Balance sheet of March 31, 2026.

Returns to shareholders

Dividend yield 3-year median: 5.3%
2.44%
Buybacks 
–
Total returned 
2.44%
Shares, yearly change 
+1.3%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
NATIONAL GRID PLC
CIK
1004315
Exchange
NYSE
Industry (SIC)
4922 · Natural Gas Transmission
Fiscal year ends
March 31
Latest annual report
March 31, 2026
Reporting currency
GBP
Shares
1.04B

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The full analysis

What do National Grid Transco, PLC National Grid's filings show?

These are National Grid Transco, PLC National Grid's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about NGG

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What is NGG's market cap?

National Grid Transco, PLC National Grid PLC's market cap is $87.6B, at a price of $84.29 on November 13, 2026 and 1.04B shares.

What is NGG's P/E?

NGG's P/E is 20.5, on earnings per share of $4.30 in the fiscal year to March 31, 2026. The median over the last 5 fiscal years was 18.0.

How much revenue does NGG have?

National Grid Transco, PLC National Grid had revenue of $23.3B in the fiscal year to March 31, 2026. Over the last 5 years it changed by +5.3% a year on average.

Does NGG pay a dividend?

Yes. National Grid Transco, PLC National Grid paid $2.06 per share over the last 12 months, a yield of 2.44% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From National Grid Transco, PLC National Grid PLC's SEC filings (its annual report on 20-F) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.