National Grid Ratios and Metrics

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

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 10, 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 Cap	90,202	86,214	68,121	67,073	75,182	56,417
Market Cap Growth	48.55%	26.56%	1.56%	-10.79%	33.26%	2.85%
Enterprise Value	146,557	148,445	130,559	124,558	135,937	98,121
PE Ratio	23.37	16.98	19.54	16.13	19.39	23.36
Forward PE	16.26	-	-	-	-	-
PS Ratio	3.84	3.50	2.56	2.31	3.04	3.08
PB Ratio	1.80	1.70	1.70	1.69	2.35	2.12
P/TBV Ratio	0.49	1.64	1.83	1.83	2.33	2.11
P/FCF Ratio	-	-32.59	1450.69	2777.41	142.95	-105.66
P/OCF Ratio	8.58	9.44	7.32	7.88	10.21	11.03
EV/Sales Ratio	6.23	6.02	4.90	4.29	5.49	5.35
EV/EBITDA Ratio	14.89	14.93	14.89	13.53	16.34	18.82
EV/EBIT Ratio	20.36	22.42	21.75	19.03	23.18	30.46
EV/FCF Ratio	-76.94	-56.11	2780.35	5157.74	258.47	-183.76
Debt / Equity Ratio	0.62	0.63	0.79	0.73	0.95	0.79
Debt / EBITDA Ratio	6.23	6.41	7.20	6.26	7.33	8.03
Debt / FCF Ratio	-28.36	-24.11	1344.91	2388.06	115.98	-78.44
Net Debt / Equity Ratio	1.21	1.23	1.56	1.45	1.90	1.57
Net Debt / EBITDA Ratio	6.11	6.25	7.12	6.24	7.30	7.99
Net Debt / FCF Ratio	-27.81	-23.51	1328.94	2379.00	115.46	-78.05
Asset Turnover	0.17	0.18	0.21	0.23	0.23	0.20
Quick Ratio	0.40	0.50	0.35	0.44	0.16	0.33
Current Ratio	0.97	1.35	0.91	1.00	0.73	1.06
Return on Equity (ROE)	3.83%	4.18%	3.73%	5.08%	4.99%	3.29%
Return on Assets (ROA)	3.71%	3.73%	3.41%	3.93%	3.42%	2.79%
Return on Invested Capital (ROIC)	3.92%	3.94%	3.61%	4.18%	3.63%	2.97%
Return on Capital Employed (ROCE)	5.40%	5.39%	5.25%	6.35%	6.83%	4.11%
Earnings Yield	4.28%	5.89%	5.12%	6.20%	5.16%	4.28%
FCF Yield	-2.11%	-3.07%	0.07%	0.04%	0.70%	-0.95%
Dividend Yield	3.47%	3.20%	3.98%	3.69%	2.19%	4.67%
Payout Ratio	56.13%	52.69%	75.02%	20.61%	39.18%	86.16%
Buyback Yield / Dilution	-0.08%	-10.93%	-0.05%	-0.03%	-0.06%	-0.04%
Total Shareholder Return	3.38%	-7.74%	3.94%	3.66%	2.13%	4.62%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.