National Grid Ratios and Metrics

Market cap in millions EUR. Fiscal year is April - March.

Millions EUR. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 30, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Market Capitalization	70,829	59,036	46,419	45,901	50,567	35,993
Market Cap Growth	26.72%	27.18%	1.13%	-9.23%	40.49%	-4.34%
Enterprise Value	119,193	105,404	98,340	99,875	100,164	72,712
PE Ratio	21.53	17.02	17.32	5.17	18.16	18.70
PS Ratio	3.54	2.69	2.00	1.86	2.32	2.24
PB Ratio	1.66	1.31	1.33	1.36	1.79	1.54
P/FCF Ratio	-	-	1132.92	70.35	36.40	121.69
P/OCF Ratio	7.90	7.25	5.71	5.84	6.81	6.87
EV/Sales Ratio	5.90	4.80	4.23	4.05	4.59	4.53
EV/EBITDA Ratio	14.11	12.98	11.55	15.02	14.03	17.27
EV/EBIT Ratio	19.30	17.67	15.04	20.86	20.13	25.71
EV/FCF Ratio	-73.42	-	2400.12	153.08	72.10	245.83
Debt / Equity Ratio	1.23	1.29	1.61	1.49	1.95	1.61
Debt / EBITDA Ratio	6.32	7.04	6.52	7.39	7.70	8.65
Debt / FCF Ratio	-	-	1377.09	76.97	39.57	126.93
Quick Ratio	0.75	1.01	0.64	0.69	0.27	0.54
Current Ratio	0.97	1.35	0.91	1.00	0.73	1.06
Asset Turnover	0.17	0.18	0.21	0.23	0.23	0.20
Return on Equity (ROE)	7.87%	8.36%	7.46%	10.16%	9.99%	6.58%
Return on Assets (ROA)	3.22%	3.04%	3.65%	2.80%	3.24%	2.23%
Return on Capital Employed (ROCE)	5.60%	5.20%	6.40%	5.00%	6.00%	4.20%
Earnings Yield	4.65%	5.88%	5.78%	19.34%	5.51%	5.35%
FCF Yield	-2.29%	-3.99%	0.09%	1.42%	2.75%	0.82%
Dividend Yield	3.92%	0.97%	1.31%	1.29%	1.14%	1.59%
Payout Ratio	56.13%	52.69%	75.02%	20.61%	39.18%	86.16%
Buyback Yield / Dilution	-19.31%	-27.50%	-0.90%	-1.66%	-2.15%	-1.78%
Total Shareholder Return	-15.39%	-26.54%	0.41%	-0.37%	-1.00%	-0.19%

Source: S&P Global Market Intelligence. Utility template. Financial Sources.