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 9, 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	88,735	47,808	37,775	37,194	41,690	31,285
Market Cap Growth	46.93%	26.56%	1.56%	-10.79%	33.26%	2.85%
Enterprise Value	144,840	82,317	72,398	69,070	75,380	54,411
Last Close Price	90.41	65.61	68.22	67.99	76.87	59.24
PE Ratio	115.40	16.98	19.54	16.13	19.39	23.36
Forward PE	16.04	-	-	-	-	-
PS Ratio	3.78	3.50	2.56	2.31	3.04	3.08
PB Ratio	1.77	1.70	1.70	1.69	2.35	2.12
P/TBV Ratio	2.40	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	8.44	9.44	7.32	7.88	10.21	11.03
EV/Sales Ratio	6.16	6.02	4.90	4.29	5.49	5.35
EV/EBITDA Ratio	15.09	14.93	14.89	13.53	16.34	18.82
EV/EBIT Ratio	20.35	22.42	21.75	19.03	23.18	30.46
EV/FCF Ratio	-	-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	4.35%	5.89%	5.12%	6.20%	5.16%	4.28%
FCF Yield	-2.14%	-3.07%	0.07%	0.04%	0.70%	-0.95%
Dividend Yield	3.42%	3.20%	3.98%	3.69%	2.19%	4.67%
Payout Ratio	394.42%	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	3.34%	-7.74%	3.94%	3.66%	2.13%	4.62%

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

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