National Grid Ratios and Metrics

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

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul '26 Jul 24, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Market Capitalization	61,576	63,111	49,387	39,652	40,312	42,733
Market Cap Growth	14.45%	27.79%	24.55%	-1.64%	-5.67%	39.36%
Enterprise Value	106,484	105,907	88,177	84,004	87,713	84,646
PE Ratio	18.98	19.47	17.02	17.32	5.17	18.16
PS Ratio	3.48	3.57	2.69	2.00	1.86	2.32
PB Ratio	1.57	1.61	1.31	1.33	1.36	1.79
P/FCF Ratio	-	-	-	1132.92	70.35	36.40
P/OCF Ratio	7.87	8.06	7.25	5.71	5.84	6.81
EV/Sales Ratio	6.02	5.99	4.80	4.23	4.05	4.59
EV/EBITDA Ratio	14.72	15.07	12.98	10.99	15.02	14.03
EV/EBIT Ratio	20.30	20.49	17.67	15.04	20.86	20.13
EV/FCF Ratio	-	-	-	2400.12	153.08	72.10
Debt / Equity Ratio	1.21	1.21	1.29	1.61	1.49	1.95
Debt / EBITDA Ratio	6.66	6.66	7.04	6.30	7.39	7.70
Debt / FCF Ratio	-	-	-	1377.09	76.97	39.57
Net Debt / Equity Ratio	1.14	1.14	1.10	1.47	1.40	1.81
Net Debt / EBITDA Ratio	6.39	6.39	6.15	5.75	7.08	7.14
Net Debt / FCF Ratio	-20.78	-20.78	-21.17	1255.43	72.14	36.72
Quick Ratio	0.65	0.65	1.01	0.64	0.69	0.27
Current Ratio	0.76	0.76	1.35	0.91	1.00	0.73
Asset Turnover	0.17	0.17	0.18	0.21	0.23	0.23
Return on Equity (ROE)	8.41%	8.41%	8.36%	7.46%	10.16%	9.99%
Return on Assets (ROA)	3.00%	3.00%	3.04%	3.65%	2.80%	3.24%
Return on Capital Employed (ROCE)	5.20%	5.20%	5.20%	6.40%	5.00%	6.00%
Earnings Yield	5.26%	5.13%	5.88%	5.78%	19.34%	5.51%
FCF Yield	-3.51%	-3.42%	-3.99%	0.09%	1.42%	2.75%
Dividend Yield	3.93%	3.92%	4.96%	6.80%	6.61%	5.95%
Payout Ratio	50.08%	50.08%	52.69%	75.02%	20.61%	39.18%
Buyback Yield / Dilution	-5.12%	-5.12%	-17.99%	-9.03%	-1.66%	-2.15%
Total Shareholder Return	-1.19%	-1.20%	-13.03%	-2.23%	4.95%	3.81%