26 May 2026

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National Grid PLC (NG)

Rank #33 of 100 - Utilities - UK Equities

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National Grid PLC

NG.L·Utilities·Market Cap £62.3b

Rank #33 of 100

Data from Excel Model · 100 Stocks Analysed

£12.71

+9.94% YTD

Target: £13.71(+7.8%)

52W: £10.00 - £14.29

Score Analysis

National Grid PLC is ranked #33 out of 100 UK stocks. Lower factor scores indicate better performance in that category.

Factor Breakdown

50/100

Average Score

Liquidity

Fair42/100

Valuation

Weak76/100

Profitability

Good26/100

Solvency

Weak87/100

Asset Efficiency

Fair47/100

Mkt Trading

Excellent11/100

Technical

Fair60/100

1. Valuation

Score: 76/100

Is NG undervalued compared to its peers and fair value metrics?

2/5

valuation criteria met

✗

FY26e P/E Ratio

14.2xRank 50/100

✗

FY27e P/E Ratio

12.9xRank 51/100

✓

Price-to-Book

1.61xRank 31/100

✓

Price-to-Tangible Book

2.43xRank 33/100

✗

EV/EBITDA

14.7xRank 76/100

Key Valuation Metrics

Current P/E

19.3x

Price-to-Earnings

FY26e P/E

14.2x

Forward estimate

FY27e P/E

12.9x

Forward estimate

P/B Ratio

1.61x

Price-to-Book

P/TBV

2.43x

Price-to-Tangible Book

EV/EBITDA

14.7x

Enterprise Value

FY26e EV/EBITDA

11.3x

Forward estimate

FY27e EV/EBITDA

11.3x

Forward estimate

Analyst Consensus Target

Current Price

£12.71

Consensus Target

£13.71

Potential

+7.8%

Target

Bloomberg Median Target: £14.00

2. Profitability

Score: 26/100

How profitable is NG relative to its peers?

0/6

profitability criteria met

✗

TTM Profit Margin

18.3%Rank 65/100

–

Current ROE

8.4%

–

Current ROA

N/A

✗

FY26e EPS

0.98Rank 43/100

–

TTM EPS

0.91

–

Net Income Growth

N/A

Profit Margin

18.3%

ROE

8.4%

FY27e ROE

11.3%

ROA

N/A

Earnings Per Share

3. Financial Health

Score: 87/100

How strong is NG's balance sheet and financial position?

1/4

solvency criteria met

–

Debt-to-Equity

118.9%

–

Interest Coverage

N/A

✓

Debt/EBITDA

Rank 13Rank 13/100

–

Altman Z-Score

1.38

Key Health Metrics

Quick Ratio

0.71

Below 1.0

Cash Ratio

0.76

Debt/Equity

119%

FCF Margin

-0.9%

Altman Z-Score

1.38

Distress Zone

01.812.995+

4. Asset Efficiency

Score: 47/100

How efficiently does NG deploy its assets and intellectual capital?

0/2

asset efficiency criteria met

–

Intangible/Asset

Intangible assets as a proportion of total assets — lower indicates more tangible, capital-efficient operations

N/A

–

R&D/Sales

Research & development spend relative to revenue — balanced R&D investment signals sustainable growth

N/A

Overall Asset Efficiency Rank

Rank within sector peers#47/100

Best (1)Worst (100)

What This Measures

Intangible/Asset — a lower ratio suggests the company's value is backed by tangible assets rather than goodwill or intangibles, reducing balance sheet risk.

R&D/Sales — captures the proportion of revenue reinvested into research and development, indicating innovation intensity and future growth investment.